# Unbox Capital

Unbox Capital is an Asset Manager based in São Paulo, Brazil.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** São Paulo, Brazil
- **Region:** Latin America
- **Address:** São Paulo, SP, Brazil
- **Assets under management:** Undisclosed
- **Website:** unboxcapital.com.br

## Regulatory record

- **CRD number:** 321788
- **SEC file number:** 802-125892
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/321788

## About

Unbox Capital Gestão de Recursos Financeiros Ltda. is an exempt reporting adviser in São Paulo.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- AI/ML
- PropTech
- AgriTech & FoodTech
- Mobility & Transportation
- Education

## People

- Patrícia Moraes — Founding Partner and CIO

## Questions

### Who runs investment decisions at Unbox Capital?

Patrícia Moraes is the founding partner and chief investment officer, per the firm's public profile and Brazilian press coverage. She transitioned to venture capital after co-founding and operating the fashion-technology company Aveleus. The firm's partnership size and whether additional GPs carry decision-making authority is not publicly detailed.

### How does Unbox Capital source proprietary deal flow?

The firm leans heavily on its operator roots — Moraes's experience building Aveleus gives Unbox an in-network advantage with São Paulo's founder and angel communities. Its public materials indicate a preference for early relationships cultivated outside competitive, auction-driven processes, though the firm has not published a detailed sourcing methodology.

### Which sectors does Unbox Capital explicitly focus on?

Unbox Capital targets Brazilian technology companies across enterprise software, fintech, digital health, proptech, agritech and foodtech, mobility, and education technology. The firm's thesis centers on sectors where domestic digitization can unlock large efficiency gains that international generalist funds overlook.

## Related profiles

- [Ulmer Financial](https://altss.com/profile/ulmer-financial)
- [Uncommon Equity](https://altss.com/profile/uncommon-equity-llc)

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Last updated: 2026-08-14T12:30:00.000Z

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