# TOTVS Ventures

TOTVS 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:** 2008
- **Assets under management:** Undisclosed
- **Website:** totvs.com
- **LinkedIn:** https://www.linkedin.com/company/totvs

## Regulatory record

- **Reports private funds:** No

## About

Discover TOTVS, brazilian largest technology company, and explore how our solutions can empower your business to grow and stand out as an industry leader.

## Sectors

- Enterprise Software
- FinTech
- AI/ML
- Retail Tech

## Questions

### How does TOTVS Ventures structure its investments?

TOTVS Ventures invests directly from the parent company's balance sheet rather than raising external funds. This evergreen structure removes the pressure of a fixed fund life and allows the firm to hold positions indefinitely. The strategic mandate prioritizes startups that can integrate with TOTVS's core ERP, HR, and retail-management software ecosystems.

### What is the relationship between TOTVS Ventures and the parent company's M&A strategy?

TOTVS Ventures functions as both a financial investor and a sourcing vehicle for future acquisitions. Portfolio company Neoway was acquired outright by TOTVS SA in 2021 for approximately R$1.8 billion after earlier venture investment. This dual role distinguishes the unit from purely financial CVC arms that lack a clear path to full ownership.

### Does TOTVS Ventures invest outside Brazil?

The firm is headquartered in São Paulo and concentrates overwhelmingly on Brazilian startups. TOTVS Ventures has occasionally evaluated opportunities in other Latin American markets—particularly where TOTVS SA has existing commercial operations or expansion plans—but does not maintain dedicated offices or teams outside Brazil.

### How does TOTVS Ventures source deals?

Deal flow originates through TOTVS SA's commercial relationships with its 70,000-plus enterprise clients, the parent company's own R&D and product teams, and the broader Brazilian venture ecosystem. The firm does not operate an open application portal, and cold approaches appear unlikely to receive review based on its corporate venture structure.

## Related profiles

- [Tottori Capital](https://altss.com/profile/tottori-capital)
- [Toubkal Partners](https://altss.com/profile/toubkal-partners)

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

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