We are sector agnostic but stage focused, investing primarily in Pre-Seed and Seed stage technology companies exploring their activity in Brazil.
We look for founding teams with sharp and bold visions that want to transform and impact Brazil, Latin America and the World in a responsible way.
At Iporanga we see ourselves as sponsors of innovation, investing equity capital, acting as part of the teams, being side by side with founders, providing connections and years of accumulated expertise in helping companies grow from startup to scale-up stages.
Our journey started a while back around the year 2009. That year we launched Iporanga as a more traditional asset management business running a Macro Fund (that we still manage).Throughout the years we saw an opportunity to operate an arbitrage in the liquid
markets and decided to hire developers to help us modeling and implementing our algorithmic trading and risk systems. At some point, we were outnumbered by over 15 developers working in the house and changing our culture and the way we saw the world for good.
In April 2020 Renato Valente joins Iporanga as partner to lead Fund II with Leonardo. Renato brings a strong experience being an entrepreneur, he was founder of an AdTech startup called Ocapi, sold in 2015. After that he was Brazil Country Manager of Telefonica Open Innovation responsible for more than 30 investments in startups such as Teravoz, Gupy, Mediacao Online, Monkey, Pier, Back4app and investments in venture capital funds through Telefonica fund of funds unit.
2019 is a very special year because we launched the Iporanga Early Stage II, partnering up with great investors and a large network of operators to help outstanding entrepreneurs in their journeys.
In January 2018 Leonardo Teixeira joins Iporanga to build the Venture Capital platform rebranding the firm to Iporanga Ventures. Leonardo Teixeira brings an extensive network and experience investing with angels from 2013 until 2018 amassed over nearly 20 investments in technology companies from various sectors such as Olist, Netshow.Me, Linte, BxBlue, Back4App, Retail Lab just to quote a few.
In 2013 we invested in another icon of the Brazilian technology sector, this time in the logistics sector. We met with Fabien Mendez for dinner in Rio and on the same night we knew we would back that guy. Done, deal. Loggi is today one of the largest operators of last-mile logistics in Brazil with a valuation of over $1 billion and growing 50% year on year.
Technology companies were booming again and we decided to follow that trend more closely. The year was 2011 and we came across a little company called Quero Educação, from São José dos Campos/SP. We ended up investing in them nearly on the powerpoint and helping the founders grow into one of the largest technology companies in the Education sector.
Since 2013, Leonardo Teixeira has been involved in more than 30 investments in technology companies, the most notable ones being Olist, Netshow.Me and Bxblue.
Besides Iporanga, Leonardo participates as board member for Anjos do Brasil, Insper Angels (being also a co-founder) and Caffeex Technologies LLC (being also a co-founder there).
Prior to 2013, Leonardo worked at Macquarie Group and Barclays PLC in São Paulo, London and New York as an Associate Director.
As an academic background, Leonardo holds a BA in Production Engineering from Poli – USP, an MBA in Finance from Insper, Executive Education in Venture Capital from UC Berkeley and LEAD Certification in Corporate Innovation from Stanford University
Renato spent most of his career in technology and has been in the entrepreneurial ecosystem since 2009 when he founded an Adtech startup, Ocapi, sold in 2015. After that he worked for Start-Up Brazil Program and in the last 5 years acted as Country Manager for Telefonica Open Innovation, leading investments in VCs and Wayra Brasil, doing over 30 investments in startups like Teravoz, Gupy, MOL, Pier and Monkey.
Prior to that worked at IBM and LATAM.
Renato holds a BA in Business Administration from FAAP, specializations in Global Management from IESE (Barcelona) and Venture Capital from UC Berkeley.
Ana Paula Roisman
Finance & OperationsLinkedin
Ana has 10 years of experience in the banking sector, having worked across different departments including finance, credit risk and product management at multinational banks such as Citibank, Bank of America Merrill Lynch and SocGen.
Ana holds a BA in Accounting from FEA-USP, a technical degree in Business Administration from ETESP and international certification in IFRS from ICAEW.
Evelyne has 5 years of experience in strategic consulting, mainly for the infrastructure sector at Terrafirma, having structured an investment fund in renewable energy at Garin. She was also a financial advisor to companies in M&A process at Sinchro Partners. Since 2018 she has been evaluating startups for angel investment.
Evelyne holds a BA in Naval Engineering from the Federal University of Santa Catarina – UFSC.
Board member, founding partnerLinkedin
Leo Kalim is CFO of Gorila Fintech, founding partner at Iporanga and also participates in the Investment Committee of Iporanga Ventures.
Leo Kalim has over 20 years of Emerging Markets experience, formerly trading FX and IRS at Goldman Sachs and before that he was EM portfolio manager at independent hedge funds and some of the largest Brazilian asset managers (Unibanco, HSBC, BankBoston).
Leo holds a Bachelor’s degree in economics from FEA-USP and an MBA from MIT.
Board member, founding partnerLinkedin
Guilherme Assis is the CEO of Gorila fintech, founding partner of Iporanga and also participates in the Investment Committee of Iporanga Ventures. Before moving to a full role as CEO of Gorila fintech, Guilherme had been running the Venture Capital strategy since 2014, and investing in Brazilian tech companies since 2011.
Prior to that, between 2001 and 2009 Guilherme worked for Morgan Stanley and Goldman Sachs.
Guilherme holds a BA in Production Engineering from Poli-USP and a Masters in Mathematical Modelling from IME-USP.