Venture Capital

Updated:

CVentures

CVentures deploys family capital from the CERTI Foundation into Brazilian software startups with documented exits to Jitterbit, Linx and PagSeguro.

CVentures logo

CVentures

CVentures was established as the venture vehicle inside the CERTI Foundation ecosystem. The structure channels family and foundation capital into direct equity positions rather than external fund commitments. The strategy centers on seed and Series A software investments inside Brazil. Confirmed holdings include Asaas, which raised follow-on rounds alongside Bradesco Private Equity and Parallax Ventures in 2020 and 2023, and Exact Sales, backed with Astella Investimentos and Vesper Ventures. The portfolio spans fintech, logistics software and industrial applications, all domiciled in Brazil with no disclosed positions outside Latin America. The team maintains an accelerator program called Darwin and reports more than 1,250 employees across active portfolio companies generating over R$200 million in combined revenue. No headcount or AUM figure has been released publicly. The vehicle operates through co-managed structures such as Primus Fund I, where CRP Companhia de Participações serves as technical advisor, creating a hybrid between single-family deployment and sponsored fund vehicles.

General information

Firm type

Venture Capital

Year founded

2021

AUM

Undisclosed

Location

Region

South America

Country

Brazil

City

Florianopolis

Corporate office

Incubadora CELTA - Florianópoli/SC, Brazil

Sector focus

Venture Capital

Frequently asked questions

Who runs investment decisions at CVentures?

No individual principals are named in public materials. Decisions are executed through the CERTI Foundation structure with co-manager CRP Companhia de Participações on the Primus Fund.

Does CVentures participate in fund commitments or only direct deals?

The firm executes direct equity investments and co-investments. It also co-manages Primus Fund I, a sponsored vehicle launched in 2013.

What investment stages does CVentures typically target?

Checks range from R$1 million to R$10 million, focused on seed and early-stage rounds inside Brazil.

Which sectors does CVentures explicitly avoid?

No explicit exclusions are stated. All documented activity remains inside software, fintech and industrial applications.

How is CVentures related to Fundação Certi?

CVentures serves as the private investment arm of Fundação Certi, the parent organization based in Florianopolis.

Where does the underlying wealth come from?

Capital originates from the CERTI Foundation and affiliated entities; no further breakdown of family sources is disclosed.

Does CVentures maintain philanthropic structures, and how are they separated?

The firm sits inside the CERTI Foundation ecosystem, which also operates Instituto CERTI Sapientia; investment and grant activities are managed through separate legal entities.

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