# TegUP Ventures

TegUP 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
- **Assets under management:** Undisclosed
- **Website:** www.tegup.com.br
- **LinkedIn:** https://linkedin.com/company/tegup

## Regulatory record

- **Reports private funds:** No

## About

TegUP Ventures is the open innovation arm of Tegma Logistics Management. It focuses on startups and technology companies in the logistics sector with high growth potential. TegUP Ventures has made 5 investments, including a Series B investment in Rabbot on May 12, 2022.

## Sectors

- Enterprise Software
- AI/ML
- Mobility & Transportation
- Industrial Tech

## People

- Nivaldo Tuba — CEO

## Questions

### How is TegUP Ventures related to Tegma Gestão Logística?

TegUP is the wholly-owned corporate venture arm of Tegma, a publicly traded Brazilian logistics company founded in 1969. The parent company operates a multi-state network of logistics yards, cross-docking terminals, and specialized freight services, and TegUP exists to invest in early-stage companies whose technology can leverage that physical infrastructure for testing and deployment.

### What investment stages does TegUP typically target?

TegUP targets early-stage startups from seed through growth rounds. The thesis prioritizes companies whose technology can integrate with or improve Tegma's logistics operations, which means the fund is comfortable writing checks at the seed stage where commercial pilots inside Tegma's network become the primary path to product-market fit.

### Does TegUP offer portfolio companies access to Tegma's infrastructure?

Yes — that is the structural differentiator. Portfolio companies can pilot their technology inside Tegma's active logistics yards, cross-docking terminals, and fleet operations across Brazil. This gives TegUP-backed startups a real-world testing environment that pure financial venture funds cannot provide, compressing the timeline from prototype to commercial deployment.

### Which sectors does TegUP explicitly avoid?

TegUP has not published a formal exclusion list, but its investment thesis as a logistics-anchored corporate venture arm makes it unlikely to pursue sectors without operational adjacency to supply chain, mobility, or industrial technology. Pure consumer internet, biotech, or entertainment startups fall outside the deploy-and-test framework that defines the fund's advantage.

### Where does the underlying capital come from?

Funding traces to Tegma Gestão Logística's corporate balance sheet. Tegma is publicly traded on Brazil's B3 exchange, and its controlling shareholders include entities associated with the names Mopia, Coimex, and Cabana — long-standing industrial groups with roots in Brazilian logistics and trade.

## Related profiles

- [Teem Ventures](https://altss.com/profile/teem-ventures)
- [Tejas Investment Partners](https://altss.com/profile/tejas-investment-partners)

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

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