Updated:
Indicator Capital
Indicator Capital is a venture capital firm at the forefront of deep tech, specializing in smart and connected technologies across infrastructure, hardware,...
Indicator Capital
Indicator Capital is a venture capital firm at the forefront of deep tech, specializing in smart and connected technologies across infrastructure, hardware, and software. It manages the largest dedicated fund for smart and connected technologies in Latin America and backs early-stage founders building intelligent, connected systems. As an equal GP partnership, it provides capital plus hands-on support through its Building Value Together methodology. Its mission is to boost deep tech heroes.
General information
Firm type
Private Equity
Year founded
2014
AUM
$70M
Location
Region
Latin America
Country
Brazil
City
São Paulo
Corporate office
São Paulo, Brazil
Principals
Derek Bittar
Fabio Iunis de Paula
Thomas Bittar
Mauro Percinoto
Martin Lima
Gabriela Wazlawick
Matheus Rodrigues
Sector focus
Frequently asked questions
Which geographies does Indicator Capital cover?
Indicator Capital is a Brazil-focused firm, headquartered in São Paulo. Its investment activity is concentrated in Brazilian startups, with the majority of deal flow sourced from the São Paulo ecosystem, where the bulk of the country's venture-backed companies are based.
What sectors drive Indicator Capital's investment activity?
The firm invests primarily in software, fintech, and digital commerce. These sectors have historically accounted for the largest share of Brazilian venture deal volume, and they align with the firm's thesis around digitizing Brazil's large consumer and enterprise markets.
How does Indicator Capital structure its investments?
The firm uses a venture capital model with initial checks at the seed and early-stage level, maintaining reserves for follow-on investments in portfolio companies that achieve product-market fit and require additional capital to scale.
Does Indicator Capital invest outside Brazil?
Indicator Capital's mandate is concentrated on Brazilian technology companies. The firm maintains a single-country focus, which differentiates it from larger regional funds that have diversified into Mexico, Colombia, and other Latin American markets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on private equity firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: