# Iporanga Ventures

Iporanga Ventures is a Venture Capital based in São Paulo, Brazil.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** São Paulo, Brazil
- **Region:** Latin America
- **Address:** São Paulo, SP, Brazil
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** ipo.ventures
- **LinkedIn:** https://www.linkedin.com/company/iporanga-ventures

## Regulatory record

- **Reports private funds:** No

## About

Iporanga Ventures is an early-stage venture capital fund founded in 2009 in Sao Paulo, Brazil. The firm invests in seed-stage startups in fintech, embedded finance, and blockchain, making 73 investments to date. Iporanga Ventures supports diverse founding teams and prioritizes responsible impact investing.

## Sectors

- Enterprise Software
- AI/ML
- AgriTech & FoodTech
- FinTech
- ClimateTech

## People

- Leonardo Lanna — Managing Partner and Co-Founder
- Nelson Abrahão — Managing Partner and Co-Founder
- Gabriel Mascarenhas — Partner

## Questions

### What investment stages does Iporanga Ventures typically target?

The firm targets the seed stage, writing what is often the first institutional check after angel and pre-seed capital. It rarely competes in Series A or later rounds, a deliberate constraint that defines its differentiation among Brazilian venture managers.

### How is Iporanga Ventures structurally different from other Brazilian seed funds?

Iporanga is among a small cohort of Brazilian managers that deploys exclusively at seed stage and has maintained that discipline even as multi-stage funds raised large vehicles after 2019. Its partnership is concentrated, with no separate growth, credit or real-asset vehicles announced.

## Related profiles

- [IP Fund](https://altss.com/profile/ip-fund)
- [Ippon Capital](https://altss.com/profile/ippon-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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