# Vox Capital

Vox Capital 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:** 2009
- **Assets under management:** Undisclosed
- **Website:** www.voxcapital.com.br
- **LinkedIn:** https://www.linkedin.com/company/vox-capital

## Regulatory record

- **Reports private funds:** No

## About

Vox Capital is a Brazilian venture capital and impact investment firm founded in 2009 in São Paulo. It specializes in funding innovative businesses with positive social and environmental impact, focusing on low-income populations.

## Sectors

- Education
- Healthcare Services
- Financial Services
- Enterprise Software

## People

- Antonio Moraes — Co-Founder and Managing Partner
- Daniel Izzo — Co-Founder and Managing Partner

## Questions

### Which sectors does Vox Capital explicitly avoid?

Vox has not published an explicit exclusion list, but its portfolio construction reveals a deliberate avoidance of sectors with limited direct impact on low-income populations — notably ad-tech, enterprise SaaS sold to large corporates, and capital-intensive infrastructure that does not directly serve base-of-the-pyramid consumers. The firm's mandate effectively screens out ventures that cannot demonstrate a credible pathway to improving outcomes for underserved Brazilians.

### How is Vox Capital structured as a fund manager?

Vox operates as a traditional venture capital limited partnership managing blind-pool funds. Its limited partners have included impact-focused institutions such as the Rockefeller Foundation. The firm incorporated impact-aligned governance features — specifically, the 327K carried interest mechanism — into fund documents, binding the partnership to dual-bottom-line accountability at the structural level rather than as a voluntary overlay.

## Related profiles

- [Votorantim S.A.](https://altss.com/profile/votorantim-s-a)
- [Voxtur Ventures](https://altss.com/profile/voxtur-ventures)

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

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