Penguino Global

Victor Lazarte is the primary investment principal. He co-founded Wildlife Studios with his brother Arthur and later joined Benchmark as a general partner in 2023. The office's deal activity runs through Victor's network, which includes direct co-investments with Benchmark partners and relationships across the Latin American venture ecosystem.

The wealth originates from Wildlife Studios, the Brazilian mobile gaming company the brothers co-founded. Wildlife raised roughly $120 million in a 2019 Series A led by Benchmark at a valuation of approximately $1.3 billion, making it one of Latin America's highest-valued private tech companies at the time. The studio produced hit titles like Tennis Clash and Sniper 3D.

Victor Lazarte serves as a general partner at Benchmark while simultaneously running Penguino Global. This is an unusual arrangement: Benchmark GPs traditionally invest their own capital through the firm's funds, but Lazarte's family office allows him to write personal checks beyond the fund's mandate. The overlap creates a co-investment pipeline where Penguino can participate in Benchmark-backed rounds and adjacent opportunities.

No. The office's most prominent known investment is Brex, a US-based corporate card and spend-management platform serving American clients. Penguino also holds real estate through Penguino Properties Ltd in the United Kingdom and Malta. The geographic footprint spans US venture, Latin American tech, and European real assets.

Penguino operates as a single family office for the Lazarte brothers. There is no public indication that the vehicle accepts outside limited partners. Victor Lazarte's Benchmark partnership and personal investment activity through Penguino run on separate tracks — one managing institutional LP capital, the other deploying family balance-sheet capital.

The office has concentrated on early-stage venture, consistent with Victor Lazarte's pre-Benchmark angel activity. His first check into Brex came at the seed stage before the company had a product. Given the Benchmark connection, Penguino likely accesses series A and B rounds as a co-investor, though the office does not publicly disclose a stage mandate.

Penguino Global has no known website and does not publicly disclose its portfolio. Most information about the office's activities surfaces through Victor Lazarte's professional biography, his Benchmark appointment, and the Brex founding story. The office maintains a deliberately low profile consistent with single-family office norms.