EXT Capital

EXT Capital creates bespoke funding vehicles for each portfolio company, blending equity and credit. For Turbi it advised on a R$105 million debenture and then structured a dedicated fund with over R$400 million in target size. For CondoConta it assembled a mixed equity-and-debt facility to accelerate the startup’s credit product growth (per the firm).

EXT Capital uses both equity and venture debt. The firm’s website emphasizes its ability to structure dedicated credit vehicles, including a fund for a payroll-lending fintech and the debenture issuance for Turbi. This dual capability means it can tailor capital to a startup’s specific funding cycle rather than offering only one instrument.

Alberto Rossi, Gabriel Sidi, Marcelo Almeida, Rodrigo Wertheim, and Vasco H Almeida are all listed under investment and network roles, suggesting a collaborative deal team. The firm does not publish a formal investment committee roster, but these five individuals form the core of the investment function (per the firm’s team page).

EXT Capital focuses on Brazilian technology and innovation startups. Its portfolio includes mobility (Turbi) and fintech (CondoConta, a payroll-lending startup). The firm seeks companies where structured funding — rather than a simple equity round — can accelerate growth, a posture suited to asset-heavy or credit-intensive fintech and mobility models.

EXT Capital is a CVM-registered asset manager authorized to manage securities portfolios. It does not describe itself as a family office. Its structure and product offering — dedicated investment funds and debenture placements — align it more with a boutique asset manager specializing in venture-stage structured solutions than a traditional closed-end VC fund.

EXT Capital’s investment in CondoConta is explicitly noted as its first transaction outside the DOMO Invest portfolio (per the firm). This suggests DOMO Invest is a separate entity with its own pipeline, and EXT Capital is an independent manager that can co-invest or invest independently from DOMO’s deal flow.

EXT Capital structures dedicated investment vehicles that it offers through authorized third-party distribution partners, per its CVM and ANBIMA disclosures. This indicates it raises capital from external institutional or qualified investors rather than deploying a single proprietary balance sheet.