Brazil has developed a structured and geographically distributed angel investment landscape that plays a critical role in early-stage innovation. While São Paulo concentrates a significant portion of investor networks, other cities such as Belo Horizonte, Curitiba, Porto Alegre, Campinas, Salvador, and Rio de Janeiro also host organized angel groups that support local entrepreneurship. These networks vary in origin with some emerging from universities, others from executive communities or industry associations, but all contribute to strengthening capital access, mentorship, and governance standards for startups across the country.
Belo Horizonte
FCJ Angels
A Belo Horizonte-based organization that creates and manages angel investment groups across Brazil. In partnership with FCJ Venture Builder, it applies structured methodologies to provide governance frameworks and support to early-stage startups. The network supports startup growth while contributing to the professionalization of local investment practices. It also facilitates connections among investors and founders, reinforcing the broader national investment ecosystem.
FDC Angels
FDC Angels is a network of Fundação Dom Cabral alumni, targeting Brazilian startups with a strong focus on ESG and social impact. They combine financial investment with high-level mentorship from FDC’s faculty and executive members. The group leverages academic excellence and managerial discipline to support ventures with transformative potential. By integrating professional governance frameworks and networking, they help founders scale sustainable businesses within a leading innovation ecosystem.
FIEMG Anjos
A group of business leaders linked to the FIEMG federation who invest specifically in indtechs. Their thesis targets Pre-Seed and Seed startups with proprietary tech, paying customers, and dedicated founders. The network provides investment support alongside privileged access to a broad industrial ecosystem. By leveraging one of the largest indtech communities in Latin America, they accelerate growth through a structured investment process. Members include executives from diverse sectors committed to driving industrial innovation and competitiveness.
Blumenau
SC Angels
SC Angels is a investment association based in the Blumenau Innovation Center, Santa Catarina. With 180+ members and a strong mentor network, they connect entrepreneurs with investment capital and mentorship to drive growth. The group utilizes a unique methodology to evaluate startups while prioritizing investor education and risk mitigation. Serving one of Brazil’s top tech hubs, they provide a collaborative platform for professional networking and market diversification. Their mission is to bridge the gap between visionary startups and capital for long-term impact.
Campinas
UniAngels
A network of entrepreneurs and mentors primarily linked to the Unicamp (University of Campinas) alumni ecosystem. The group focuses on developing the startup landscape through high-value connections and support. Their portfolio is sector-agnostic, spanning Fintech, Healthtech, and IoT, with a strong emphasis on innovation. By leveraging Unicamp's academic excellence, they provide startups with both capital and expert-led institutional guidance.
Curitiba
Curitiba Angels
Curitiba Angels is a multidisciplinary network of strategists, finance experts, and entrepreneurs providing investment capital and connection to Brazilian startups. They support visionary entrepreneurs capable of disrupting existing sectors or modifying the value curve of current products and services. The investment process is structured into four key steps: automated registration, deep metric evaluation, an investor pitch, and final funding. Beyond capital, the association provides essential knowledge and networking to facilitate rapid, exponential growth. Their mission is to transform innovation into results through expert guidance and a rigorous analysis of performance indicators.
WIM Angels
WIM Angels (Women Investment Movement) is a Curitiba-based network of female angel investors dedicated to high-impact and high-tech female entrepreneurship. The group focuses on supporting women-led startups by providing capital and fostering professional connections within the innovation ecosystem. Its members actively participate as curators and leaders in events aimed at boosting purposeful businesses and brand positioning.
Foz do Iguaçu
Iguassu Angels
Iguassu Angels is a non-profit association based in Foz do Iguaçu that serves as a link between entrepreneurs and investors in Western Paraná. They invest in innovative solutions specifically targeting startups that already have a validated MVP and active revenue. Their mission is to foster and provide traction for new ideas through financial and intellectual capital. The group identifies regional opportunities to accelerate the local innovation ecosystem.
Porto Alegre
RS Angels
RS Angels is the first angel investment group in Rio Grande do Sul, founded by alumni of the UFRGS School of Administration. Originally known as EA Angels, it strengthens the local innovation ecosystem by driving the success of regional startups. Based in Porto Alegre, the group connects experienced investors with high-potential projects through capital. Their mission is to foster entrepreneurial growth and shape the state's future through professionalized investment.
Rio de Janeiro
GAVEA Angels
Gávea Angels is a pioneer non-profit angel network founded in 2002 at the Genesis Institute, Rio de Janeiro. It connects multidisciplinary professionals with startups to drive socio-economic development through investment and mentorship. With over 20 years of experience, the group provides expert analysis and mentorship to ensure investment security and agility. Its mission is to foster Brazilian innovation by bridging the gap between qualified investors and high-potential entrepreneurs.
Salvador
Inventivos Angels
Inventivos Angels is the angel investment network launched in 2023 by Inventivos to support diverse early-stage startups in Brazil. The group focuses on Pre-Seed and Seed companies that already show market traction, particularly B2B and B2B2C models. A key requirement is meaningful representation of founders or leaders from underrepresented groups. Beyond capital, the network provides mentorship, commercial connections, and fundraising support. Its thesis emphasizes decentralizing investment beyond traditional hubs and strengthening access to capital for plural entrepreneurs across Brazil.
São José dos Campos
ITA Angels
ITA Angels is an angel investment group focused on high-tech, scalable companies in sectors such as IoT, Healthtech, Fintech, Agrotech, and Energytech. Their investment thesis targets B2B or B2B2C startups with a SaaS/Cloud model, a validated MVP, and existing traction. They prioritize Pre-Seed and Seed stages for companies established for over a year with recurring revenue. The fund is managed by Bossanova, a Latin American venture capital firm, ensuring a professional structure and specialized management.
São Paulo
Anjos do Brasil
Anjos do Brasil is a non-profit organization dedicated to fostering angel investment and innovative entrepreneurship throughout the country. Its mission is to bridge the gap between investors and startups through concrete actions and the dissemination of specialized knowledge. The platform provides structured pathways for entrepreneurs to raise capital, for individuals to learn about angel investing, and for corporations to establish innovation partnerships. By offering resources for advisors and an exclusive member area, it serves as a central catalyst for the Brazilian venture capital ecosystem.
Babson Angels
Babson Alumni Angels (Brazil) is a volunteer-led network of Babson College alumni focused on accelerating Brazilian digital entrepreneurship. They provide early-stage founders with capital and valuation advisory to avoid "dumb money" pitfalls. The group targets B2B or B2B2C startups in the Pre-Seed to Seed stages, requiring a minimum R$50,000 MRR. By combining asset management with a rigorous selection process, they bridge the gap between high-potential teams and global investors.
BR Angels
BR Angels is an investment network composed of experienced CEOs and Corporate Prime members dedicated to providing investment and support to startups. Their ecosystem includes a broad base of startups, with a portfolio of invested companies valued at over R$2 billion. The group leverages the professional expertise of its members to connect founders with clients and partners, having already achieved exits. Their portfolio features sectors such as IDtech, Agtech, Fintech, and Martech.
BRUIN Angels Do Brasil
BRUIN Angels Do Brasil connects members of the UCLA alumni community with Brazilian startups seeking early-stage capital. The group operates through collaborative deal evaluation and collective investment rounds, enabling alumni to support ventures aligned with their expertise and interests. By maintaining strong ties to an international academic network, it creates opportunities for cross-border dialogue and exposure to broader entrepreneurial ecosystems.
FEA Angels
FEA Angels is a non-profit angel investment network founded in 2018 by alumni of FEA-USP (University of São Paulo). Their mission is to bridge the gap between early-stage entrepreneurs and investors through capital, knowledge, and strategic connections. The network has a large number of active members and has invested in diverse sectors, including Fintech, Edtech, Foodtech, and Agrotech. Beyond funding, they offer mentorship and educational programs to strengthen the innovation ecosystem in Brazil.
GV Angels
GVAngels is an angel investment group formed by alumni of FGV (Fundação Getulio Vargas) and ranked as the top angel network in Brazil by CBInsights in 2023. The network stands out for providing investment and pioneering the market's first tokenized investment model in partnership with Mercado Bitcoin. Their portfolio spans sectors such as Beautytech, Martech, and Proptech.
Hangar8 Capital
A Brazilian investment group composed of market professionals dedicated to balancing capital returns with the promotion of global entrepreneurship. The network operates by analyzing and selecting innovative business models, offering a direct channel for founders to submit their pitches. Guided by rigorous decision-making criteria, the group provides support and access to a specialized network of members to accelerate the growth of its portfolio companies. Their platform serves as a vital bridge for entrepreneurs seeking both capital and operational expertise.
HBS Alumni Angels of Brazil
HBS Alumni Angels of Brazil, established in 2012, is an angel investment association composed of Harvard Business School alumni. The group focuses on early-stage startups, aiming to develop Brazil's innovation and entrepreneurship ecosystem through both financial backing and human capital. With a large number of associate investors, the network maintains a portfolio of active startups. Their approach combines funding with the expertise of highly qualified members.
Insper Angels
Insper Alumni Angels is a network managed by Insper alumni. Based in São Paulo, the group is sector-agnostic, connecting exceptional entrepreneurs with financial capital and mentorship. Their structured process includes a formal deal flow selection and recurring Pitch Night events. They leverage a diverse member base to provide startups with high-quality networking, mentorship and resources to accelerate market growth.
Investidores.vc
Investidores.vc, founded in 2019 by Amure Pinho, is a comprehensive investment ecosystem focused on education, networking, and co-investment. With a pool of investors, the group has supported multiple startups, resulting in several successful exits and a portfolio of active companies. The platform provides structured deal flow with legal due diligence, mentorship for founders, and specialized training for advisors. They also offer an exclusive app for real-time portfolio management and reporting.
Mulheres Investidoras Anjo
MIA is a Brazilian movement dedicated to increasing female participation in angel investing and high-impact entrepreneurship. Focused on the core value of diversity, the organization connects female investors with innovative startups. It aims to bridge the gender gap in the venture capital ecosystem by providing a platform for women to fund and lead transformative businesses.
MIT Angels Alumni Brazil
MIT Alumni Angels of Brazil, established in 2018, is a nonprofit network of alumni from MIT and MIT Sloan dedicated to fostering entrepreneurship in Brazil. The group aims to invest in and guide startups while facilitating technical and business diligence within its network of investors. They connect Brazilian startups with the global MIT Angels network and have successfully completed several investments since their founding.
NYU Angels Brasil
NYU Angels Brasil is an angel investment group exclusively formed by New York University (NYU) alumni. The group focuses on early-stage ventures, providing both financial investment and human capital. They leverage their members' professional expertise, intellectual capacity, and global networks to support startups that can benefit from the NYU ecosystem. Based in Brazil, they aim to provide "smart money" to help founders scale their businesses by bridging the gap between local innovation and global resources.
Poli Angels
Poli Angels is an association of investors and entrepreneurs founded by alumni of Poli-USP (University of São Paulo). The group supports technology startups by combining capital, mentorship, and networking. It has a strong base of angel investors and a diversified portfolio of invested startups. They hold pitch sessions every two months, using a rigorous selection process via the Gust platform to identify high-growth companies that can transform the Brazilian entrepreneurial landscape.
PUC Angels
PUC Angels is a non-profit "third-sector startup" present in 26 Brazilian states that uses entrepreneurship to combat hunger and democratize education. Their network of executives, students, and mentors provides direct investment and mentorship for a large number of startups. Supported by committees, advisors, and angel investors, the group funds scholarships and food relief. By combining financial capital with social action, they leverage their resources to drive both business growth and societal impact.
SanFran Angels
SanFran Angels is an angel network of USP Law School alumni that bridges legal tradition with startup innovation. The group provides specialized legal mentorship to high-potential ventures. With 80+ active investors, they have evaluated numerous startups and completed several investments, including a notable round for a Web Summit Lisbon winner. They offer startups access to a prestigious network of legal professionals and host exclusive Pitch Nights to drive the Brazilian ecosystem.
Silver Angels
Founded in 2019, Silver Angels is an investment group of seasoned executives and entrepreneurs. The group offers mentorship and high-level networking to ventures with clear, transformative purposes. With an average ticket size of R$ 500,000 to R$ 1 million, they leverage their members' deep leadership experience to accelerate business growth.
Sororitê Angel Network
Sororitê is Brazil’s largest female angel investment network, focused on fostering an inclusive ecosystem through diversity. They connect qualified women investors with curated startups, offering mentorship and expertise alongside financial capital. Investment decisions are individual, with a minimum check size of R$30,000 directly to the startup. Beyond funding, they provide a structured support network, workshops, and educational content to develop angel investing skills.
URCA Angels
Founded in 2019, URCA Angels is a Brazilian network of 150+ members, primarily IME alumni, C-levels, and seasoned founders. They target Pre-Seed and Seed startups with proprietary technology and scalable models, offering tickets between R$ 300,000 and R$ 3 million. The group provides "hands-on" support in M&A, partnerships, and networking to drive long-term growth. Known for a bureaucracy-free process, they prioritize rapid decision-making and constant mentorship for high-potential ventures.
Wharton Alumni Angels
Wharton Alumni Angels Brazil is the Brazilian chapter of Wharton Alumni Angels, the Penn and Wharton affiliated angel community that runs curated early-stage deal access and collaborative diligence for members worldwide. The Brazil chapter was officially launched in São Paulo on April 3, 2018, under the Wharton Clube do Brasil, with a stated focus on helping Wharton alumni and invited guests participate as angels and connect into cross-border startup investing, including opportunities shared with the Silicon Valley chapter.
The mapping of these angel networks demonstrates the structural depth and diversity of Brazil’s early-stage investment environment. São Paulo concentrates a dense combination of executive groups, university-linked networks, and internationally connected alumni communities, while other cities maintain organized investor bases rooted in industry, academia, and regional entrepreneurship. Together, these networks form an interconnected infrastructure that supports capital allocation, mentorship, and governance development for emerging companies. Rather than relying solely on isolated investors, Brazil’s startup ecosystem increasingly operates through coordinated angel communities that contribute to a more disciplined and mature early-stage funding landscape.