Fundraising Fox

Norte Ventures

Venture capitaloperating company · company profile

Sao Paulo-Sp · Seed–Series B · 12 people tracked

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Investment thesis

Norte Ventures invests in highly intelligent, obsessed founders and emphasizes networks over individual genius. The firm describes itself as non-territorial and non-transactional, prioritizing the right people over the size of its stake and aiming to bring the best funds and angels onto cap tables. It offers laser-focused, hands-off support rather than operational interference, creating value by connecting people, generating early revenue, and helping recruit talent. Its community, the 'Norte Mafia,' comprises 400+ operators who have shaped the entrepreneurial landscape in Latam and globally. The firm values professionalism over formality, direct feedback, long-term relationships, and continuous work over overnight success.

Invests inSector AgnosticGlobalLatin America

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series B
HQ
Sao Paulo-Sp
Instruments
Equity
Founded
2020
Last 12 months
1 investment
Tracked investments
117

Team · 12 people

from the firm's website & curated
Fabio Igelin
Gustavo Ahrendsin
Jean-Marc Etlinin
José Cacheadoin

What they invest in

from 90 of 117 portfolio companies

Fintech ×44SaaS ×37AI & Machine Learning ×33Enterprise Software ×14Consumer ×13E-commerce ×8Retail Tech ×8Data & Infrastructure ×6

HQs:Brazil×57United States×8Argentina×4Mexico×4Colombia×3Chile×1

Who they back

founder profiles across 41 portfolio companies
59%
solo founders
24 of 41 mapped founding teams
53%
repeat founders
of 45 founders with career history

Founding team size:solo founder×242 founders×93 founders×14+ founders×7

Where their founders studiedfrom 43 founders with education data

USP - Universidade de São Paulo ×9FGV - Fundação Getulio Vargas ×8Pontifícia Universidade Católica do Rio de Janeiro ×5Stanford University Graduate School of Business ×4Insper Instituto de Ensino e Pesquisa ×3Latitud ×3Universidad de 'San Andrés'​ ×3Colégio Santa Cruz ×2

Where their founders worked beforefrom 45 founders with career history

Endeavor Brasil ×399 ×2Azevedo Sette Advogados ×2big_bets ×2eDoc Saude ×2Letrus ×2Mercado Livre ×2MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×12

9 hold an MBA (of 44 with degree data)

Investments · 117 tracked

founders shown can be your intro path

By year:2026 · 12025 · 12024 · 12023 · 22021 · 27 dated

180 Seguros180s.com.brin

180 Seguros is an insurance operations platform that provides end-to-end insurance management solutions, enabling fintechs, banks, cooperatives, and other financial institutions to integrate insurance as a strategic financial product while maintaining focus on their core business.

FintechInsurTechSaaSSão Paulo, BR

Franco Lamping(Founder)Mauro Levi D'Ancona(Founder)

Co-investors8VCEndeavor CatalystFJ LabsMONASHEESRainfall Ventures

Alinea Healthalineahealth.com.br

Co-investorsGeneral CatalystLatitud Ventures

Aludealude.com.brin

Alude is a platform that helps traditional real estate brokers and agencies operate digitally.

FintechPropTechSaaSSão Paulo, BR

Jota Junior(Founder)inAlef Miranda(Founder)in

Co-investorsStartupsY CombinatorMAYA Capital Ventures

Aravitaaravita.comin

Aravita offers an AI-based platform specialized in fresh produce (FLV) management, providing daily inventory correction, demand forecasting, and order optimization to reduce waste and stockouts.

AI & Machine LearningFoodTechRetail TechSão Paulo, BR

Aline Azevedo(Founder)

Co-investors17SigmaAlexia Venturesbig_betsNazcaQualcomm Ventures

Arcca Franquiasarcca.ioin

Arcca is a franchise management company that provides tools and processes to help franchisors and franchisees optimize operations, improve communication, and grow, using data and automation.

ConsumerFoodTech

Arofalecomwendy.com.brin

Aro is a Brazilian technology platform that connects users with over 40 regulated credit partners to find personal loans, payroll (consignado CLT) loans, phone-collateral loans, and credit for people with negative credit records.

AI & Machine LearningB2B MarketplacesFintech

Co-investors17SigmaOnevc Venture Partners Llc

ARO Network Computing Resource Coordinationaro.network

ARO Network is an edge network infrastructure platform designed for AI agents to operate on local devices and residential networks using users' real-world resources.

AI & Machine LearningCrypto & Web3Data & Infrastructure

Co-investorsCVP NoLimitEv3 Ventures LlcNo Limit Holdings (NLH)17SigmaJohnson & Johnson Innovation – JJDCOnevc Venture Partners Llc

Assisassis.coin

Assis is an AI-powered agent platform that automates customer interactions and sales processes, qualifying leads, handling follow-ups, and conducting outreach across various customer lifecycle stages with integration into existing business systems.

AI & Machine LearningSaaSSales TechSão Paulo, BR

João Eduardo Bergamo(Founder)

Co-investorsFJ LabsLatitud VenturesCanaan PartnersCostanoa VenturesK50 VenturesMAYA Capital+1 more

Avraavra.aiin𝕏

Avra builds predictive models for enterprise decisions such as credit, fraud, and growth by treating companies, owners, and counterparties as nodes in a relational graph rather than rows in a table.

AI & Machine LearningEnterprise SoftwareFintech

Co-investorsMAYA Capital VenturesNXTP

Backchannelbackchannel.com.br

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Bazesuabaze.com

Baze offers the "Linha Baze," a revolving credit line in Brazil secured by the borrower's real estate or vehicle, opened once and reusable over roughly 20 years with continuously adjusted terms.

Fintech

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Better Drinksbetterdrinks.comin

Better Drinks is an innovation arm within HEINEKEN's HEINEKEN SPIN "Impact Brands" pillar, developing purpose-driven beverages with social and environmental commitments.

ConsumerFoodTechImpact & Social Good

BHubbhub.aiin

BHub is a Brazilian provider of accounting, tax, and financial back-office (BPO Financeiro) services for companies, handling bookkeeping, tax compliance, reconciliations, and financial governance.

Enterprise SoftwareFintechSaaSSão Paulo, BR

Jorge Vargas Neto(Founder)inFernando Ricco(Co-Founder (former CFO; stepped down December 2024))Fintech SaaS Jorge Vargas Neto(Founder)Marcelio Leal(Co-Founder (former CTO))inVanessa Muglia(Co-Founder (former CLO))in

Co-investors17SigmaClocktower VenturesPICUS CAPITAL

Biabia.appin𝕏Sep 2023

Bia is a technology-driven electricity retailer in Colombia that lets businesses switch their energy provider and replace traditional meters with its proprietary BiaMonitor smart meter.

CleantechEnergyIoTBogota, CO

Sebastian Ruales(Founder)Guillermo Plaza Roche(Director)Leonardo Velazquez Florez(Director)Juan Sebastian Ruales Duque(Director)Jaime E. Zunzunegui(Director)

BoardNicolas Berman(Director)in

Co-investorsRA CapitalBBVA SPARKIDB LabKaszek VenturesMarathon VenturesNazca+2 more

BONDbond.com.br

BOND is a technology-driven accounting firm that provides bookkeeping, tax, payroll, and corporate restructuring services combined with proprietary software that continuously scans a company's fiscal data to find tax savings and compliance risks.

FintechLegalTechSaaS

Co-investorsPropel Venture Partners

BotCitybotcity.devin𝕏

BotCity provides a centralized platform for managing Python scripts created by AI or human developers, offering orchestration, monitoring, security controls, and governance capabilities.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

Lorhan Caproni(Founder)inGabriel Archanjo(Founder)in

Co-investorsAlexia VenturesAstellaFirestreak VenturesY CombinatorFour Rivers GroupUpload Ventures

Brendibrendi.com.br

Brendi is a Brazilian platform that gives restaurants their own delivery channel, combining a digital menu, AI-powered WhatsApp ordering and customer service, a proprietary CRM, a loyalty program with cashback, and campaign management in one system.

AI & Machine LearningFoodTechSaaS

Co-investorsbig_betsPropel Venture Partners

Buserbuser.com.brin𝕏

Buser is a Brazilian app-based platform for booking intercity bus travel, offering chartered bus trips and conventional bus tickets at reduced fares.

MarketplacesMobility & TransportationTravel & Hospitality

Marcelo Abritta(Founder)inThiago Avelinoin

Co-investorsLightrockMONASHEESSoftbank Latin America FundValor Capital GroupYellow VenturesSoftBank Group

by $BMOB3nomo.com.br
by $NUhyperplane.ai

Co-investorsClocktower VenturesLatitud Ventures

by Boticáriodrjones.com.br

Co-investorsigniteXL Venture

by Serasaidwall.co

This company provides an identity verification service that reads data from photographed identity documents and compares it against public records, while matching the document photo to a live image of the user's face.

CybersecurityDeveloper Tools

Raphael Melo(Founder)inRenan EsposteVitor Schirichian

Co-investors500 GlobalMONASHEESNotable CapitalJam Fund

by Signifydkaszek.comin

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Cannectcannect.com.br
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Crypto & Web3Data & InfrastructureFintech

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Carbonextcarbonext.com.brin

Carbonext develops forest conservation and restoration projects in the Brazilian Amazon, including REDD+ carbon credit programs that keep forests standing while funding community development, jobs, and training.

CleantechClimate TechImpact & Social Good

Co-investorsAlexia VenturesCanary

Caveocaveo.com.brin

Caveo is a financial platform for physicians in Brazil, offering company formation, invoice issuing, tax management, accounting, and an integrated business (PJ) bank account with automatic tax debiting and Pix payments.

FintechHealthtechSaaSSão Paulo, BR

Wilgo Cavalcante(CEO)

Cayena Holdings Limitedcayena.comin

Company Picus backed from its earliest steps.

Madrid, ES

Raymond Shayo(Founder)inES Raymond Shayo(Founder)Gabriel Sendacz(Co-Founder)inPedro Carvalho(Co-Founder & CEO)

Co-investorsAstellaCanaan PartnersClocktower VenturesFEMSA VenturesMSA NovoPICUS CAPITAL+2 more

Comptrycomp.ioin

Comp embeds senior HR executives and AI engineers into a client's team to redesign people policies and processes and build custom AI tools and agents for the HR function.

AI & Machine LearningFuture of WorkHR Tech

Co-investorsCanaryKhosla VenturesRecall CapitalAbstract VenturesEndeavor Catalyst

ComunicaIncomunica.in

Felipe Hotz(Founder)in

Co-investorsCapria VenturesHoney Island CapitalValor Capital Group

Core AIcoreai.com.br

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AI & Machine LearningFintechSaaSSão Paulo, BR

Fernando Martins(Co-founder & CEO)Enrico Damiani(Co-founder & CTO)

CredAlugacredaluga.com.brin

CredAluga provides digital rental guarantee products (fiança locatícia) for real estate agencies and tenants in Brazil, offering modular options such as monthly-fee guarantees with coverage up to 35x rent, cashback plans, and deposit-based plans invested in fixed income.

FintechInsurTechPropTechBelo Horizonte, BR

Co-investorsHoney Island Capital

Crownbrl.xyzin

Crown is a Brazilian fintech infrastructure provider that issues BRLV, a stablecoin pegged 1:1 to the Brazilian real and fully backed by federal government securities.

Crypto & Web3Enterprise SoftwareFintechSão Paulo, BR

BoardAndré Lara Resende(Strategic Advisor)

Co-investorsParadigmValor Capital Group

CUBBOcubbo.comin

Camita Bienestar is a Mexican direct-to-consumer brand founded in 2019 that designs and locally produces orthopedic and wellness beds for pets, along with related products like paw balms and odor removers.

ConsumerDirect to ConsumerE-commerceLogistics & Supply ChainSaaS

Michelle Reza(Founder)Armando(Co-founder)

Co-investorsBlustone CapitalEndurance28Magma PartnersMiami Angels

Datamintdatamint.com.br

Co-investorsVerve Capital

decodecocms.comin𝕏

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AI & Machine LearningE-commerceRetail Tech

Destaxadestaxa.com.brin

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FintechSaaS

Co-investorsAstellaClocktower VenturesQuona Capital

Dojidoji.co
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ConsumerE-commerceRetail Tech

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Co-investorsAsymmetric Capital PartnersBlustone CapitalLatitud Ventures

Elvenworkselven.works
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ConsumerE-commerceSaaS

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Flashflashapp.com.brin

Flash is a Brazilian platform that integrates corporate benefits management, HR/people management, expense management, and a corporate/multi-benefit card into a single system.

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Ricardo Salem(Founder)in

Co-investorsBattery VenturesMONASHEESBlume VenturesEmphasis VenturesEndeavor CatalystGlobal Founders Capital+1 more

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Fabricio Miranda(Executive Officer, Director)Jair Vercosa(Executive Officer, Director)

BoardPuishuen Li(Director)

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Flowflowcredi.com.brin

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Fly Mediaflymedia.ai

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Co-investorsAlter Globalbig_betsVerve Capital

Frizatafrizata.com

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Frontierfrontec.ai
Gabrielgabriel.com.brin

Gabriel is a Brazilian technology company that installs networked security cameras (its "Camaleão 2") on private properties facing public streets, using automatic license plate reading to identify vehicles involved in crimes and alert authorities in real time.

AI & Machine LearningGovTechHardware

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Gatekeepergatekeeperx.comin

GatekeeperX is an AI-native platform for detecting, preventing, and managing fraud and financial crime in real time, aimed at businesses seeking to reduce losses and improve transaction approval rates.

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Hashdexhashdex.comin𝕏

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Crypto & Web3Fintech

Bruno Caratori(Founder)in

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HENRYsoyhenry.comin𝕏

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Martin Borchardt(Founder)inManuel Barna Ferrés(Founder)inLuz Borchardt(Founder)inLeonardo Maglia(Founder)inManuel Barna(Founder)in

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AI & Machine LearningLegalTechSaaS

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Data & InfrastructureFintechSaaSGeorge Town, BR

Marcelo Martins(Founder)inMarcelo Costa Vasconcellos Martins Junior(Executive Officer, Director)

Co-investorsAlter Globalbig_betsValor Capital GroupActyus

Inner AIinnerai.comin

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Luiz Ferriani(Founder)

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IORQiorq.com.br

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Patrick Sigrist(Founder)in

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Isa Healthisalab.com.br

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Digital HealthHealthtech

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Co-investorsLegalTechFJ LabsMAYA CapitalMAYA Capital VenturesQuona CapitalThomson Reuters Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Norte Ventures made?
Norte Ventures has 116 tracked investments, 1 of which have exited via acquisition or IPO, including 3 dated in the last 24 months.
What stage does Norte Ventures invest at?
Norte Ventures invests at the Seed, Series A, Series B stages.
What sectors does Norte Ventures focus on?
Norte Ventures focuses on Sector Agnostic.
Where is Norte Ventures located?
Norte Ventures is headquartered in Sao Paulo-Sp.
Who does Norte Ventures co-invest with?
Norte Ventures most often shares deals with MONASHEES, Latitud Ventures, Y Combinator, among 104 tracked co-investors.

Images

Norte Ventures photo

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