This edition of The Scan presents a selection of 10 startup-focused investment vehicles in Brazil covered in public announcements or reporting between July 1 and September 30, 2026. These include five fund launches, three fundraising closes, one fundraising update, and one strategy update. Their disclosed financial figures cover fund sizes, investment budgets, offering amounts, fundraising targets, and completed closes.
Methodology
The selection covers fund launches, fundraising closes, and fund updates reported between July 1 and September 30, 2026, involving Brazil-based managers or primary investment platforms. Inclusion follows publication dates, so funds may have launched before the quarter. Fund updates include developments in fundraising or investment strategy.
Eligible vehicles must invest directly in startups or innovation-driven companies, whether through traditional venture capital, specialist sector funds, seed investment, or dedicated corporate startup-investment pools. Direct co-investment vehicles and mixed equity and venture-debt strategies qualify when startup investment is a material component. Funds primarily targeting mature private-equity businesses, debt-only vehicles, fund-of-funds without direct startup investments, angel networks, accelerators without a fund, and stand-alone grants or subsidies are excluded.
Geographic eligibility follows the location of the manager or primary investment platform rather than every country targeted by the fund. Brazil-based managers may qualify when investing across Latin America or internationally. Overseas managers are not included solely because they maintain a Brazilian office, invest in Brazilian startups, or have investors in the country.
A fund that completes a qualifying close in Q3 may have been launched or begun fundraising before the quarter. Disclosed figures distinguish completed fundraising closes from announced investment budgets, initial offerings, expected fund sizes, and fundraising targets. A target or investment allocation is not represented as a completed raise, and no standalone fund size is inferred when one has not been publicly disclosed.