How many investments has Positive Ventures made?

Positive Ventures has 12 tracked investments, including 1 dated in the last 24 months.

What stage does Positive Ventures invest at?

Positive Ventures invests at the Pre-Seed, Seed, Series A stages.

Where is Positive Ventures located?

Positive Ventures is headquartered in São Paulo, BR.

Positive Ventures

Impact investor

São Paulo · Pre-Seed–Series A · 12 people tracked

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Find your way into Positive Ventures

3,048 people in our graph share verified history with the Positive Ventures team — schools, employers, funds. One of them is your warm intro.

Carolina de Azevedounlockedknows Murilo Menezes · together at Itaú BBA (overlapped)

knows the team · via Itaú BBA

×3knows the team · via CPP Investments | Investissements RPC

×2knows the team · via Texas Pacific Group

×5knows the team · via World Economic Forum

✨ Fox Verdict

Investment thesis

Positive Ventures is a pure-play impact-driven investment company backing bold, mission-driven founders using technology to address the hardest social and environmental problems. It invests early and describes itself as sector-agnostic while seeking ventures that combine exponential impact with strong financial returns. With roots in São Paulo and a presence in San Francisco, the firm positions itself as a bridge between the Global South and North, unlocking cross-border opportunities for scalable, transformative solutions. It frames investing for nature and people not as philanthropy but as strategic business, favoring underdogs and contrarians with the ambition to fix the world at scale.

Invests inClimate Tech EdTech Energy Fintech Healthtech Impact & Social Good SaaSSector AgnosticBrazil Chile Global Latin America North America São Paulo United States

Source: firm website, verified Sep 27, 2026.

Stage

Pre-Seed–Series A

São Paulo, São Paulo, BR

Instruments

Equity

Founded

2016

Last 12 months

1 investment

Tracked investments

Team · 12 people

from the firm's website & curated & public directories

Fábio Kestenbaum· Managing Partner and Investments· São Paulo, São Paulo, Brazilin 𝕏

Co-founder of Positive Ventures and Chairman of its Investment Committee. Previously worked on the M&A team at BMA Advogados as buy-side legal counsel on major mergers, and now serves on the boards of Eureciclo and Labi Exames and as an advisor to several organizations. Holds a J.D. and a postgraduate diploma in Economic Development from the Blavatnik School of Government.

f•••@positive.venturesreveal

Murilo Menezes· Managing Partner and Investments· São Pauloin

Managing Partner and CIO at Positive Ventures, focused on purpose-driven businesses addressing societal challenges. Previously Chief of Staff and Impact Investing Officer at Brazilian single-family office Maraé, and worked at Goldman Sachs and Itaú BBA; board member at Slang and part of WEF's Expert Network.

m•••@positive.venturesreveal

Alex Seibel· Partner· Sao Paulo, Brazilin

Alex Seibel is CEO of HS Investimentos, a family office that manages assets including Dexco, a major building materials producer, and Leo Madeiras, Brazil's largest retail company for furniture components. His career includes founding Positiv.a, a B Corp focused on sustainable circular home and personal care products, and co-founding Apolo Energy, which operates as a leading distributed solar generation company in Brazil. Seibel is also a partner at Positive Ventures, a venture capital firm investing in entrepreneurs with social and environmental impact objectives.

Bruna Constantino· Partner· Sao Paulo, Brazilin

Bruna Constantino is a co-founder of Positive Ventures, an early-stage impact investing firm with offices in São Paulo and San Francisco that focuses on social and environmental challenges. She holds a background in social communication and film and leads portfolio management, community building, value creation, and ESG strategy at the firm. Constantino is a member of Global Women in VC.

Ricardo Castro· Partner· São Paulo, São Paulo, Brazilin

An economist from FEA-USP with extensive financial markets experience. He is a Managing Director at CPP Investments and a board member of Smart Fit and D1, having previously worked at Lone Star Funds, TPG Capital, and J.P. Morgan.

r•••@positive.venturesreveal

Lars· Partner· Frederikssund, Capital Region of Denmark, Denmarkin

Listed as the contact for investment inquiries; only a first name appears in the email address.

l•••@damgaard.comreveal

Marina Ferraz· Investments· São Paulo, Brazilin

Matias Barbará· Communication· São Paulo, São Paulo, Brazilin

Andrea Kestenbaum· Investor· Sao Paulo, Brazilin

Co-Founder, CEO, and Investment Committee member at Positive Ventures with a background as both investor and executive across services, retail, and international trade. She serves on various boards and holds a Master's in Economics and Sustainable Development from UPC, with executive education from MIT Sloan and Stanford.

a•••@positive.venturesreveal

Gustavo Behring· Analyst· Sao Paulo, Brazilin

Associate Partner on the investment team at Positive Ventures, focused on sourcing and analyzing companies in the firm's pipeline and contributing to portfolio and fund management. Holds a Business Administration degree from FGV.

g•••@positive.venturesreveal

Leila Orenstein· Investment Committee· Rio de Janeiroin 𝕏

A partner at Gera since 2012 and member of its founding team, she previously worked at Gávea Investimentos and consulted for Brilliant in Silicon Valley. She holds an Economics degree from PUC-Rio and attended Harvard Business School's PLD program.

l•••@geracapital.comreveal

Małgorzata Szcześniak· Head of Marketing Communications· Warsaw, Mazowieckie, Poland

Operations and business development leader with over two decades of experience in strategic initiatives and operational excellence. Holds an M.Sc. in Economics and a postgraduate qualification in Digital Transformation from Koźmiński University.

What they invest in

from 8 of 12 portfolio companies

AI & Machine Learning ×4Climate Tech ×4Biotech ×3Digital Health ×3Healthtech ×3Advanced Manufacturing ×2Energy ×2Cleantech ×1

HQs:Brazil×2United States×2Chile×1

Investments · 12 tracked

founders shown can be your intro path

By year:2026 · 1 2024 · 1 2022 · 1 2021 · 14 dated

(occamzrazor.comoccamzrazor.com

Occam Razor develops drug discovery technology using digital science to target neurodegenerative diseases, focusing initially on Parkinson's disease and brain aging.

AI & Machine LearningBiotechDeep Tech

Co-investorsBabel Ventures Daybreak Partners Dreamers VC Lanx Capital Lauder Partners

1849 bio1849.bio in 𝕏

1849 bio engineers microorganisms to make metal extraction from low-grade copper and gold ores economically viable for mining operations.

Advanced ManufacturingBiotechClimate TechSan Francisco, US

Jai Padmakumar(Founder)in Yongjin Park(Founder)in

Co-investorsFuturePlay Monte Carlo Capital SBXi Sunna Ventures Y Combinator

CerradoXcerradox.com

AI-driven agricultural platform for small and mid-sized farmers in Brazil, converting underused land into standardized production.

Rhafik González(Founder)in

Co-investorsLatitud Ventures The Yield Lab Latam

Oya Careoya.care inFeb 2022

Oya Care operates women's health clinics in São Paulo offering in-person and online gynecological consultations, exams, procedures, egg freezing, and surgeries, paired with a digital platform to manage appointments, exams, and medical history.

Digital HealthFemTechHealthtechGrand Cayman, BR

Stephanie von Staa Toledo(Executive Officer, Director)

Co-investors1616 Ventures Floating Point IKJ Capital Canary Susa Ventures

Pathwayspathwaysai.co

Leise Sandeman(Founder)inAlex Cooper(Founder)in

Co-investorsBlue Lion Global Entrepreneurs Roundtable Accelerator (ERA)Jetstream Pi Labs REFASHIOND Ventures Zacua Ventures

Riviorivio.com.brFeb 2026

Rivio provides an AI-powered revenue cycle management service for hospitals, handling auditing, insurance claim submission, denial appeals, and hidden revenue recovery.

AI & Machine LearningDigital HealthHealthtech

Silvio Frison(Co-Founder e CEO)inRicardo Sales(Co-Founder)in

Co-investorsMONASHEES Valor Capital Group

Ruufruuf.solar

RUUF is a solar energy company that handles residential solar panel installation end-to-end, including evaluation and design, technical site visits, scheduling and installation, certification and grid connection, and ongoing support and monitoring.

CleantechClimate TechEnergy

SINAIsinai.com in 𝕏Mar 2021

SINAI provides software to help companies measure, reduce, and report their carbon emissions and develop decarbonization strategies.

Advanced ManufacturingAI & Machine LearningClimate TechEnergyEnterprise SoftwareSaaSSan Francisco, US

Maria Fujihara(Founder)in Alain Rodriguez(Founder)in Maria Carolina Fujihara(Executive Officer, Director, Promoter)in

Board Eileen Waris(Director)in Andrew Beebe(Director)in

Co-investorsAbstract Ventures Afore Capital Climactic Designer Fund Energize Capital High Alpha +5 more

Ten Livestenlives.co

Ten Lives makes sustainable cat snacks and food using fermentation to brew animal-free protein (microbes converting sugar to protein) that matches what cats eat in the wild.

BiotechClimate TechFoodTech

Ruby(Co-founder)Vicki(Co-founder)

Co-investorsMyelin VC

Yunayuna.io inMay 2024 · $1.6M

Yuna is an AI-powered wellness coach designed to help users manage stress, improve mood, and develop emotional resilience through evidence-based psychological techniques.

AI & Machine LearningDigital HealthHealthtechHR TechMental HealthWellness & Fitness

Grant Winns(Co-Founder & CEO)in

Co-investorsStone Mountain Ventures Canary

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

BackchannelNeomed

Frequently asked questions

How many investments has Positive Ventures made?: Positive Ventures has 12 tracked investments, including 1 dated in the last 24 months.
What stage does Positive Ventures invest at?: Positive Ventures invests at the Pre-Seed, Seed, Series A stages.
What sectors does Positive Ventures focus on?: Positive Ventures focuses on Climate Tech, EdTech, Energy, Fintech, Healthtech, Impact & Social Good, SaaS, Sector Agnostic.
Where is Positive Ventures located?: Positive Ventures is headquartered in São Paulo, BR.

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