Garan Ventures

Rafael Moraes, founder of Garan Ventures and co-founder of the health-tech platform Memed, leads investment decisions. His operational background in scaling a dominant Brazilian digital health company provides the experiential filter through which Garan evaluates seed and start-up allocations. The firm does not publicly list additional investment partners or an investment committee structure, suggesting a concentrated decision-making model under Moraes.

Garan Ventures, Garan Web3, and QuiverFunds all sit under the parent holding entity Garan Group. QuiverFunds functions as the group's venture builder — an internal studio that originates and constructs new companies, which Garan Ventures can then fund. Garan Web3 is a dedicated division focused on blockchain-native startups, providing thematic specialization under the same parent umbrella.

Available evidence indicates Garan Ventures deploys proprietary capital rather than managing a blind-pool fund raised from institutional LPs. The firm is structured as the investment arm of Garan Group, and its affiliation with the Angel Investor Club in Brazil's Midwest further suggests a principal-led, own-book deployment model. No SEC or CVM filings indicating a third-party fund structure have surfaced.

Garan targets early-stage companies, with a stated focus on seed, start-up, and growth-stage venture allocations. The firm's venture builder QuiverFunds can originate companies at the pre-seed or formation stage, while Garan Ventures provides follow-on capital as those entities mature. This allows coverage from concept through growth within the same group structure.

The Paris office, located on rue de la Croix Nivert, serves as a European bridge for Garan's Brazilian portfolio companies — providing access to EU technical talent, regulatory pathways, and later-stage co-investors. For a seed-stage firm headquartered in Brasília rather than São Paulo, the Paris outpost also offers diversification away from purely domestic Brazilian venture cycles and currency exposure.

Garan's investing thesis is anchored in digital health — a sector founder Rafael Moraes knows from scaling Memed — alongside Web3 and enterprise software. The dedicated Garan Web3 division signals a thematic commitment to blockchain-based infrastructure and applications. The firm's generalist classification allows for opportunistic deployment beyond these cores, but health-tech and Web3 represent the observable gravitational center of the group.

Garan Ventures is classified as an asset manager within a holding group structure, not a single-family office. It does not publicly disclose wealth originating from a single family's operating business. Instead, it functions as the venture deployment arm of Garan Group, with its economic interest tied to founder Rafael Moraes and the group's broader balance sheet rather than an extended multi-generational family.