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Sai do Papel

Venture studio

Rio de Janeiro · Pre-Seed–Seed · 11 people tracked

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Investment thesis

Sai do Papel operates as an innovation and investment group organized into seven business units across three fronts: strategy and investment, ecosystems and programs, and physical hubs. Its SdP Capital arm provides venture capital, smart money and M&A support, helping entrepreneurs scale innovative companies, connecting investors to opportunities and structuring funds within corporate environments. The group co-realizes the Rio Innovation Week and São Paulo Innovation Week and maintains strategic connections with hubs in Brazil and Portugal. It also runs a corporate venture builder for the energy sector (Energy Hub Ventures) in partnership with FCJ, co-building and taking equity stakes in disruptive energy startups.

Source: firm website, verified Nov 1, 2026.

Stage
Pre-Seed–Seed
HQ
Rio de Janeiro, BR
Leads rounds
Leads
Instruments
Equity
Tracked investments
2

Team · 11 people

from the firm's website
Carlos Junior· Founder e CEOin
Luiz Mandarino· Sócio e Conselheiroin
Ronaldo Valiño· Sócio e Conselheiroin
Alexandre de Castro· Diretor Executivoin
Evelyn Castillo· Community Managerin
Flávio Pereira· Analista de Projetosin
José Rafare· Gerente Arca Hubin
Matheus Nascimento· Estagiário SdP Capitalin
Nicolle Belmonte· Estagiáriain
Thiago Vieira· Estagiário SdP Capitalin
Yamara Alfradique· Coord. Innovationin

Investments · 2 tracked

founders shown can be your intro path

Other

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

KubaRay Pay

Frequently asked questions

What stage does Sai do Papel invest at?
Sai do Papel invests at the Pre-Seed, Seed stages.
What sectors does Sai do Papel focus on?
Sai do Papel focuses on Energy, Fintech, Healthtech, Mobility & Transportation.
Where is Sai do Papel located?
Sai do Papel is headquartered in Rio de Janeiro, BR.
Does Sai do Papel lead rounds?
Yes, Sai do Papel leads investment rounds.

Media · Podcasts & interviews

featuring the team

Luiz Mandarino | Conexões JBFM

Conexões JBFM · Luiz Mandarino

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