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Top 45 Fitness VC Funds & Investors in Brazil (September 2026)

The most active venture capital funds investing in Brazil Fitness startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Brazil Fitness startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Bossa Invest
VC Fund
6 United States, Brazil, Mexico Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Financial Services $49k–$36M
Anjos do Brasil
VC Fund
3 Brazil, Australia Angel, Seed, Pre-Seed Software, Information Technology, Agriculture $23k–$992k
MatterScale Ventures
VC Fund
3 Colombia, United States, Argentina Seed, Pre-Seed, Series A Software, FinTech, SaaS $180k–$22M
Lupa Capital
VC Fund
2 Brazil, United States, Colombia Seed, Series A, Venture - Series Unknown Health Care, Software, Financial Services $895k–$18M
JBR Partners Capital
VC Fund
2 Brazil Venture - Series Unknown, Seed Health Care, Hospital, Health Diagnostics
Canary
VC Fund
2 Brazil, United States, Mexico Seed, Series A, Pre-Seed Financial Services, Information Technology, Software $540k–$25M
DOMO.VC
VC Fund
2 Brazil, United States, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Financial Services $94k–$2.5M
Vox Capital
VC Fund
2 Brazil, France, United States Seed, Series A, Venture - Series Unknown Health Care, Software, Information Technology $495k–$17M
BR Angels
VC Fund
2 Brazil, United States, The Netherlands Seed, Angel, Pre-Seed Software, Information Technology, E-Commerce $98k–$2.1M
Norte Ventures
VC Fund
2 Brazil, United States, Argentina Seed, Pre-Seed, Series A Software, Financial Services, Information Technology $500k–$25M
Criabiz Ventures
VC Fund
2 Brazil, Sweden Seed, Angel, Pre-Seed Software, EdTech, Education $50k–$778k
Astella
VC Fund
2 Brazil, United States Seed, Series A, Pre-Seed Information Technology, Software, E-Commerce $270k–$17M
Green Rock
VC Fund
2 Brazil, Mexico, United States Seed, Series A, Pre-Seed Health Care, Software, Medical $184k–$7M
Hospital Israelita Albert Einstein
VC Fund
1 Brazil Seed, Pre-Seed, Series A Health Care, Wellness, SaaS
Scale-Up
VC Fund
1 United States, Israel, Brazil Series C, Venture - Series Unknown, Series B Software, Artificial Intelligence, Machine Learning $1M–$125M
SRM Ventures
VC Fund
1 Brazil, United States Seed, Debt Financing, Venture - Series Unknown Financial Services, FinTech, Software $1.4M–$9M
Intel Capital
VC Fund
1 United States, Israel, China Series B, Series A, Series C Software, Information Technology, Enterprise Software $4.6M–$90M
Wharton Alumni Angels
VC Fund
1 United States, Brazil, Canada Seed, Angel, Pre-Seed Software, SaaS, Machine Learning $300k–$5.9M
Antler
VC Fund
1 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Kortex Ventures
VC Fund
1 Brazil, Israel, Mexico Series A, Seed, Venture - Series Unknown Health Care, Artificial Intelligence, Medical $3.5M–$20M
Endeavor Catalyst
VC Fund
1 United States, Brazil, Mexico Series B, Series A, Series C Software, Information Technology, E-Commerce $5.3M–$180M
Gvangels
VC Fund
1 Brazil, United States, United Kingdom Seed, Angel, Pre-Seed Software, Information Technology, Food and Beverage $53k–$1.5M
Futurum Capital
VC Fund
1 Brazil, Norway, United States Seed, Venture - Series Unknown Art, Software, Analytics $350k–$6.6B
DNA Capital
VC Fund
1 United States, Brazil, China Seed, Series A, Series B Health Care, Medical, Software $250k–$30M
Scale-Up Ventures
VC Fund
1 Brazil, United States, Canada Series A, Seed, Series B Financial Services, FinTech, Information Technology $2.5M–$50M
Endeavor
VC Fund
1 Brazil, United States, Malaysia Series A, Series B Software, Information Technology, Financial Services $4.8M–$50M
TipTop VC
VC Fund
1 United States, The Netherlands Seed, Pre-Seed, Series A SaaS, Legal, Content $1.2M–$7.6M
Valor Capital Group
VC Fund
1 Brazil, United States, Mexico Series A, Series B, Seed FinTech, Financial Services, Information Technology $1.3M–$104M
Madfish Group
VC Fund
1 Brazil Angel, Series A Fitness, Wellness, Organic Food
Invisto
VC Fund
1 Brazil Seed, Venture - Series Unknown, Series B Software, Analytics, InsurTech $286k–$30M
Indicator Capital
VC Fund
1 Brazil, United States, Uruguay Seed, Series A, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $563k–$23M
Universo Ventures
VC Fund
1 Brazil Pre-Seed Health Care, Fitness, Wellness $150k–$200k
Fir Capital
VC Fund
1 Brazil Series A, Seed Health Care, SaaS, Wellness $6.7M–$17M
Organica Evolução Exponencial
VC Fund
1
Bertha Capital
VC Fund
1 Brazil, United States, Argentina Seed, Venture - Series Unknown Financial Services, FinTech, Payments $286k–$4M
Yaya Capital
VC Fund
1 Brazil, United States Series A, Series B, Venture - Series Unknown Health Care, Artificial Intelligence, Machine Learning $8.8M–$175M
Caravela Capital
VC Fund
1 Brazil, Mexico, United States Seed, Series A, Pre-Seed Information Technology, Financial Services, E-Commerce $340k–$86M
Hangar 8 Capital
VC Fund
1 Brazil, Argentina, United Kingdom Seed, Venture - Series Unknown, Angel Software, Information Technology, AgTech $183k–$2M
Alumni Partners
VC Fund
1 South Korea, Brazil Seed, Series A, Pre-Seed E-Commerce, Personal Health, Food and Beverage $177k–$3.3M
Barrah Investimentos
VC Fund
1 Brazil, United States Seed, Pre-Seed Software, Education, Information Technology $300k–$7M
Shift Capital
VC Fund
1 Brazil Seed, Series A, Venture - Series Unknown Food and Beverage, AgTech, FinTech $450k–$19M
Sororitê
VC Fund
1 Brazil Pre-Seed, Seed, Angel Information Technology, Gaming, FinTech $97k–$1.3M
Geist Capital
VC Fund
1 Brazil Seed, Pre-Seed Legal, Consulting, IT Management
Zentynel Frontier Investments
VC Fund
1 United States, Uruguay, Argentina Seed, Series A, Venture - Series Unknown Health Care, Biotechnology, Medical $400k–$17M
Neurone Ventures
VC Fund
1 Brazil, United States Seed, Series B, Venture - Series Unknown Health Care, Fitness, Security
Access all 72 VC funds in Brazil Fitness startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Bossa Invest
VC Fund · São Paulo, Sao Paulo, Brazil · 6 investments in Brazil Fitness startups, 31 in the past 12 months

Aprenda a Investir em Startups

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Brazil, Mexico

Investor stats

  • Total investments: 2077
  • Round size: Seed $176k–$5.8M; Pre-Seed $49k–$2M; Venture - Series Unknown $632k–$36M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • FFID — FFID develops AI chatbot platform automating customer communication, lead generation, and marketing workflows.
  • SprayX — Company specialized in interactive process control to evaluate and guarantee the quality of agricultural spraying with excellence. Empowers, leads and monitors applicators in Application Technology tasks.
  • Sandwiche — Sandwiche creates customizable link in bio pages enabling social media monetization and affiliate marketing management.
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Anjos do Brasil
VC Fund · São Paulo, Sao Paulo, Brazil · 3 investments in Brazil Fitness startups

Anjos do Brasil is a angel investor network dedicated to foster angel investment for supporting inovative entrepreneurs in Brazil. It was founded by Cassio Spina, a entrepreneur and a angel investor with over 25 years experience in tech industry (see more at http://www.crunchbase.com/person/cassio-spina-3) .Receivingsupport of major brazilian institutions related to entrepreneurship and investments, such as Endeavor Brasil, ABVCAP, BM&F BOVESPA, FIESP/CJE, Brazil Innovators, etc., Anjos do Brasil is commited to connect investors with entrepreneurs in order to help growing new business in Brazil.We do also keep relationship with major VC investment funds, in order to exchange investment opportunities between our members and them. Anjos do Brasil is advised by a seasoned board of advisors, that support our strategic actions for promoting our vision.We promote events between our members and some also for entrepreneurs, for both educating the community and connecting people, to empower their relationsIf you wish to contact us, please, visit our site at www.anjosdobrasil.net and leave a message.

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Investment focus

  • Industry: Software, Information Technology, Agriculture
  • Stage:Angel, Seed, Pre-Seed
  • Geography: Brazil, Australia

Investor stats

  • Total investments: 201
  • Round size: Seed $33k–$724k; Angel $40k–$992k; Pre-Seed $23k–$462k
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Takeat — FoodTech
  • Storm Education — Storm Education is an organization that teaches basic English via WhatsApp to people across Brazil.
  • AMentoria Educação — AMentoria is a platform for individualization of studies based on data and active learning systems for students who will apply to the ENEM, an exam similar to the american SAT, to be approved into Med School.Within the classroom, we individualize our student's studies through our teaching system with our active methodology of directedstudies based on metrics, where the student is guided to study what his metrics show he makes the most mistakes in the platform's weekly simulations. That way he has much more engagement and motivation in his studies.Outside the classroom, when we know that learning actually happens, we individualize the student's study routine through our individual mentoring process, where the student is connected to a mentor approved in Medicine by ENEM.This mentor will do the pedagogical monitoring of the student's study metrics and from that, set up the student's study schedule and all his weekly routine for maximum performance and learning. In addition to managing the study routine, the mentor also becomes an emotional support for the student. Being a fundamental piece for the high performance of the student.
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MatterScale Ventures
VC Fund · New York, New York, United States · 3 investments in Brazil Fitness startups

Founded by a team of former Endeavor executives, Matterscale aims to bridge the seed stage funding gap for Latin founders.

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Investment focus

  • Industry: Software, FinTech, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Colombia, United States, Argentina

Investor stats

  • Total investments: 50
  • Round size: Seed $1M–$15M; Pre-Seed $180k–$6M; Series A $3.5M–$22M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • HUNTY — HUNTY is a platform that help people find jobs by connecting them with world class mentors who prepare them for the job search process. And people only pay when they get hired.
  • Glim — At Glim believe that crypto will revolutionize the financial service industry and that Latin America is a perfect place for that disruption to start. Glim has created a platform that, through a B2B2C model, will allow employers to offer very valuable financial benefits such as multi-currency salary collection, yield generation, a debit card withautomatic exchange and settlement in fiat and crypto currency, financial education and others, all available in Glim’s mobile app.
  • numia — numia (formerly Debmedia) is a B2B SaaS platform that helps industries manage customer journeys by seamlessly integrating online and offline experiences. By combining AI automation with human interaction, numia assists companies—including leading banks, insurance firms, telcos, healthcare providers, and retailers—to boost sales, optimize customerengagement, and enhance customer satisfaction.
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Lupa Capital
VC Fund · San Paulo, Sao Paulo, Brazil · 2 investments in Brazil Fitness startups

Lupa Capital invests in technology companies that focus on healthcare, insurance, and software. Lupa Capital is headquartered in San Paulo, Brazil.

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Investment focus

  • Industry: Health Care, Software, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Brazil, United States, Colombia

Investor stats

  • Total investments: 41
  • Round size: Seed $895k–$6M; Series A $5.9M–$18M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cayena — Cayena is a B2B marketplace for the $200b+ wholesale food industry in Latin America. The company allows restaurants, grocery stores and any food outlet to procure their inventory from multiple suppliers with next day delivery and a comprehensive suite of add-on services. The suppliers who sell through Cayena get a rapid boost in high-quality,recurring demand without taking any credit risk.
  • Verde — Verde is a digital platform that simplifies and expands access to working capital loans for small and medium farmers in Brazil. Verde allows agro assessors to offer more agile and transparent rural credit to rural producers.
  • Teva Indices — Teva Indices is a provider of indices for the Brazilian ETF market.
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JBR Partners Capital
VC Fund · Pernambuco, Pernambuco, Brazil · 2 investments in Brazil Fitness startups

JBR Partners Capital operates in the financial services sector. The company connects people, ideas, and capital, focusing on supporting clients on their journey and helping them make optimal decisions. The company's services are designed to foster innovative outreach and community relations. JBR Partners Capital also has a team of managingdirectors who oversee the operations and ensure the smooth running of the company.

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Investment focus

  • Industry: Health Care, Hospital, Health Diagnostics
  • Stage:Venture - Series Unknown, Seed
  • Geography: Brazil

Investor stats

  • Total investments: 6
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cemise — CEMISE offers healthcare services including diagnostics, online scheduling, and exam results.
  • Novvo Bem Estar — Novvo is a natural pre-drink that aids recovery and helps you stay productive after celebrations.
  • Hospital Aeroporto — Hospital Aeroporto is a healthcare center that specializes in cardiology, orthopedics, and angiology surgery.
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Canary
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Brazil Fitness startups, 12 in the past 12 months

Canary is the first partner of choice of the best founders in LatAm. We are co-founders of the companies we back, from the ground up, supported by the best community of builders.

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Investment focus

  • Industry: Financial Services, Information Technology, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Brazil, United States, Mexico

Investor stats

  • Total investments: 276
  • Round size: Seed $800k–$8M; Pre-Seed $540k–$3.5M; Series A $3.2M–$25M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $150M in 2024

Portfolio highlights

  • Robbin — Robbin is leading a revolution to change how 21 million SMBs fund $2.5 trillions in B2B Payments. Employing an innovative underwriting approach, Robbin leverages BRL 3 trillion in card receivables as collateral to underwrite a one-of-a-kind business credit card for underserved entrepreneurs.
  • Telepatia — Telepatia is a health tech platform that utilizes artificial intelligence to support medical professionals.
  • Karta — The premium US charge card for the world's borderless people. Credit lines up to $200,000 based on your US assets. No Social Security number required.
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DOMO.VC
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Brazil Fitness startups

DOMO.VC is a leading venture capital firm in Brazil that invests in best in class entrepreneurs. We back early-stage technology startups, helping them grow faster and establish themselves in competitive markets.We started from the collective desire of our founding partners to contribute to the success of the next generation of Brazilianentrepreneurs. DOMO’s multi-disciplinary team is supported by its Advisory Board who’s members have solid and proven track-record in creating, investing, advising and financing tech startups of all sizes.Our GPs have thrived as entrepreneurs, having founded companies such as Buscapé in Brazil. The team was also an early investor in well renowned start-ups such as Loggi, Gympass, Hotmart, among others.

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Brazil, United States, United Kingdom

Investor stats

  • Total investments: 229
  • Round size: Seed $193k–$2.2M; Pre-Seed $104k–$647k; Venture - Series Unknown $94k–$2.5M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $24M in 2021

Portfolio highlights

  • NuVidio App — NuVidio is a video calling app which helps companies to connect with their customers.
  • FanBase — FanBase identifies, understands, and activates your fans’ data from a centralized platform and maximizes business for your organization. The company helps clubs, leagues, athletes, artists, events, and their partners and sponsors to maximize their relationship with their fans. It was founded in 2018 and is located in São Paulo, São Paulo, Brazil.
  • Mission Brasil — Mission Brasil is an information technology solution that provides a digital outsourcing platform for business development. Their services include legal and administrative, retail and monitoring, research and audit, hidden shopper, data and accreditation, logistics, and direct sales.
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Vox Capital
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Brazil Fitness startups

Vox Capital is a venture capital company investing on innovative businesses delivering positive social and/or environmental impact with focus in Latin America, mainly in seed and series A.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Brazil, France, United States

Investor stats

  • Total investments: 39
  • Round size: Seed $495k–$4.3M; Series A $723k–$17M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Fiibo — Fiibo is the first health and wellness multplatform in Brazil, offering an innovative technological solution that connects all healthcare stakeholders in one place. The platform includes an app that allows employees to choose from a variety of available products and services, as well as a data management and contracting platform for companies andbrokers. This provides greater freedom and flexibility in selecting how to care for one's health.
  • Avante — Olxtoto menyediakan link alternatif resmi untuk bermain togel online hari ini, dengan prediksi yang akurat serta proses pembayaran yang maksimal olxtoto siap menjadi situs togel online anda dalam bermain yang adil.
  • Andromeda Surgical — Empowering surgeons with autonomous precision
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BR Angels
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Brazil Fitness startups

BR Angels is a private non-profit association, made up of a limited number of members, individuals, and companies that focus on promoting the development of startups. It specializes in the fields of investment management, financial services, and finance. It was founded in 2019 and headquartered in São Paulo, Brazil.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Brazil, United States, The Netherlands

Investor stats

  • Total investments: 65
  • Round size: Seed $289k–$1M; Angel $186k–$2.1M; Pre-Seed $98k–$1.3M
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • Arqgen — Arqgen develops generative and AI-based software designed for multi-scale architectural designs.
  • Kesh Bank — Kesh Bank operates a digital platform that provides corporate payment solutions and emergency payroll-linked credit for medium and large companies. The fintech structures a specialized fund to return interest paid on loans back to employees as consumer benefits and cashback.
  • The Men's — The Men's offers scientifically proven products aimed at improving men's well-being. Their product range addresses common issues such as hair loss, beard patchiness, and skin wrinkles. The company's approach is to provide solutions that not only tackle these problems but also enhance overall wellness. Customers can easily reach outto the company for any queries or concerns, ensuring a smooth and satisfactory experience.
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Norte Ventures
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Brazil Fitness startups

Norte is a founder's fund created and invested by entrepreneurs

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Investment focus

  • Industry: Software, Financial Services, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Brazil, United States, Argentina

Investor stats

  • Total investments: 176
  • Round size: Seed $1M–$8.1M; Pre-Seed $500k–$5M; Series A $5M–$25M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely still investing — raised $27M in 2024

Portfolio highlights

  • Nekt — Data extraction, storage, orchestration, transformation, exploration, governance, and AI integration. All in one platform.
  • Fina — Fina Partner offers a platform to manage and automate key processes for SMEs, including inventory control and financial management.
  • Decade — Decade is the first Wealth Intelligence. Your second opinion, with no second interests. We protect your wealth, bring clarity, and execute with precision for your next decade.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Criabiz Ventures
VC Fund · Sorocaba, Sao Paulo, Brazil · 2 investments in Brazil Fitness startups

Criabiz Ventures is a venture capital firm.

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Investment focus

  • Industry: Software, EdTech, Education
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Brazil, Sweden

Investor stats

  • Total investments: 16
  • Round size: Seed $60k–$778k; Angel $50k–$173k; Pre-Seed $74k–$166k
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Fiibo — Fiibo is the first health and wellness multplatform in Brazil, offering an innovative technological solution that connects all healthcare stakeholders in one place. The platform includes an app that allows employees to choose from a variety of available products and services, as well as a data management and contracting platform for companies andbrokers. This provides greater freedom and flexibility in selecting how to care for one's health.
  • Octágora — Octagora is a SaaS company specialized in Remote Visual Assistance.
  • Stattus4 — Focused on applied technology to preserve what matters: water. Using AI technology as a way to prevent water losses during its distribution. Nowadays, one of the top problems in sanitation is: how to provide clean and potable water for citizens in growing cities. The urban densification is stressing the water withdraws, rivers and groundwaters,places that some years ago lived just a few people, now is fulfilled by a thousand people - and the water sources are still the same. To prevent water access collapse is urgent to reduce water consumption. And one of the ways is by preventing water losses. Stattus4 has developed an AI-based technology that helps water utilities find out water loss areas, supporting them to be more accurate and fast in correcting the loss sources. The Starttus4's technology has already saved almost 50 Olympic pools per day in water volume. A sufficient amount to serve over 1 million people.
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Astella
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Brazil Fitness startups

Astella is a venture investor, providing capital, culture, and capabilities to Brazilian entrepreneurs who are willing to change our country's future.

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Investment focus

  • Industry: Information Technology, Software, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Brazil, United States

Investor stats

  • Total investments: 90
  • Round size: Seed $800k–$6M; Pre-Seed $270k–$1.6M; Series A $651k–$17M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: May invest from a new fund soon — raised $86M in 2020

Portfolio highlights

  • Lastlink — Lastlink assists content creators in managing subscriptions to closed groups on social media platforms such as Instagram, Telegram, and Whatsapp. It owns a system that makes it easier for creators to work by automating sales and management for access to exclusive communities. It is becoming a more common source of revenue for the content creatormarket, which employs over 1 million people across the country.
  • BotCity — Boost tech team productivity with BotCity's Python RPA and Intelligent Automation software. Drive ROI, orchestrate and enhance performance.
  • Gabriel — Gabriel combines nanocomputers and high definition cameras to offer video surveillance services with military-grade encryption, enterprise quality and personal customer service yet honestly priced for residential buildings and medium-sized companies.No installation costs, no hardware purchasing, no maintenance nuisance, no lock-in.24/7monitoring of your building, your street and your neighborhood. Perpetual video cloud storage. An app that just works.Tech from Rio, solving public and private security, serving Brazil and beyond.
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Green Rock
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Brazil Fitness startups

Green Rock is an independent Venture Capital and Private Equity investment firm, which invests in the early stages of companies with high potential in the healthcare sector.We believe that every investment made in health is reflected in a better quality of life for the people served by the invested businesses — whether through greater access,efficiency or innovation. It was this vision that inspired our partners' medical and entrepreneurial careers and that continues to keep us engaged and optimistic about the future, as investors.Therefore, together with a winning team of entrepreneurs, we want to form the next generation of companies that will improve the efficiency of the healthcare system, encourage disease prevention and control, expand access to services and advance the frontiers of current medicine.After all, when our efforts prosper, our entire health prospers.

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Investment focus

  • Industry: Health Care, Software, Medical
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Brazil, Mexico, United States

Investor stats

  • Total investments: 39
  • Round size: Seed $600k–$5M; Pre-Seed $184k–$1.6M; Series A $2M–$7M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Endogen — Endogen is a healthtech company of medical cannabis products based on science and education to promote health and quality of life.
  • Omni — Omni Saude provides healthcare services centered around a digital medication management platform. Omni Saude offers a medication plan that functions as a spending balance, allowing users to purchase medicines at any pharmacy nationwide. Through its mobile application, Omni Saude supports treatment adherence by sending medication reminders,contributing to improved health outcomes. The platform is designed for ease of use, emphasizing digital accessibility and convenience. Its services are intended to streamline how individuals manage prescriptions and track their medication schedules.
  • Welbe Care — We're transforming access to primary health care in Mexico by providing companies access to prevention and information on the health and well-being of their employees while providing quality primary care at an affordable cost to their employees and their families.We leverage technology with an innovative business model to provide laboratorystudies, physical examination checkups, medical consultations with our medical team composed of preventive general medicine and nutrition, we also give them access to our network of specialist doctors, clinics, and laboratories.
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Hospital Israelita Albert Einstein
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

Hospital Israelita Albert Einstein offers treatments with cutting-edge technology and humanized care and expands its frontiers with social responsibility actions and teaching and research activities. It provides undergraduate and graduate courses, sophisticated training, and clinical and experimental research. Their digital services include virtualemergency services, primary care, digital telemedicine, telepsychology, telerehabilitation, and telespecialties.

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Investment focus

  • Industry: Health Care, Wellness, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Brazil

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • ISA Saúde — ISA lab is to deliver the best solution for health and offers a humanized service. ISA is an online platform where one can select the process like examination, test, or vaccine. Then schedule and make payment online, receive ISA wherever one wants. Finally, they offer a facility to check the result online and rate their service.
  • Biologix — Biologix provides a SaaS platform and medical devices that enables health professionals to offer to their patients a simple, low cost and accurate sleep test for obstructive sleep apnea.
  • Nexodata — Nexodata was born to anticipate the future in the healthcare system this is our main purpose.
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Scale-Up
VC Fund · Palo Alto, California, United States · 1 investments in Brazil Fitness startups

Scale-Up is a venture capital firm based in Palo Alto, California. We focus on investing in late and growth-stage companies in artificial intelligence, fintech, real-estate tech, data and analytics, next-generation infrastructure, online to offline sectors, and the sharing economy. Scale-Up’s experienced team of managing and venture partners haveinvested in nearly 100 technology companies from seed to growth stage, a number of which have since become unicorns and decacorns.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Series C, Venture - Series Unknown, Series B
  • Geography: United States, Israel, Brazil

Investor stats

  • Total investments: 37
  • Round size: Series B $9M–$56M; Series C $25M–$125M; Venture - Series Unknown $1M–$50M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — raised $5M in 2023

Portfolio highlights

  • ISA Saúde — ISA lab is to deliver the best solution for health and offers a humanized service. ISA is an online platform where one can select the process like examination, test, or vaccine. Then schedule and make payment online, receive ISA wherever one wants. Finally, they offer a facility to check the result online and rate their service.
  • Podium — AI-powered lead generation and management platform that helps you convert more leads and make more money.
  • Silk — Silk Software-Defined SAN accelerates cloud databases and AI workloads with up to 50% lower storage cost and enterprise-grade performance in the cloud.
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SRM Ventures
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

SRM Ventures is the corporate venture capital for SRM Asset, with emphasis on fintechs.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Debt Financing, Venture - Series Unknown
  • Geography: Brazil, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $1.4M–$8M; Debt Financing $3.6M–$9M; Venture - Series Unknown $1.8M–$7.8M
  • Lead/follow: 77% lead, 23% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Graviola — Graviola leverages AI to transform procurement communication, ensuring automation, efficiency, and sustainability at every step.
  • Boreal — Boreal is a dynamic financial services platform based in Brazil, dedicated to empowering businesses through cutting-edge financial technology. Boreal specializes in simplifying and enhancing financial management by offering comprehensive solutions such as efficient payment processing, boleto issuance, Pix transactions, and sophisticated financialreporting tools.With a robust technology-driven approach, Boreal enables seamless API integration, powerful anti-fraud systems, and round-the-clock customer support. By leveraging advanced data analytics and automation, Boreal helps businesses optimize their cash flow, reduce operational costs, and drive strategic decision-making, ensuring financial agility and growth.Boreal’s mission is to redefine financial efficiency and security for businesses, positioning itself as a trusted partner in financial digital transformation.
  • Anbetec Tecnologia — Anbetec Tecnologia provides consulting, support, maintenance, implementation, integration, and automation tools for ERP systems.
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Intel Capital
VC Fund · Santa Clara, California, United States · 1 investments in Brazil Fitness startups

Intel Capital invests in innovative startups targeting cloud and AI infrastructure, edge, 5G, autonomy, cybersecurity, client & gaming, enterprise applications, silicon design and manufacturing, and a wide range of other disruptive technologies.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series B, Series A, Series C
  • Geography: United States, Israel, China

Investor stats

  • Total investments: 1141
  • Round size: Series A $4.6M–$30M; Series B $7.7M–$51M; Series C $7M–$90M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Schoology — Meet the LMS putting collaboration at the heart of the learning by connecting the people, content, and systems that fuel education. Sign up for free!
  • Transpera — Transpera is a mobile technology company that provides a comprehensive platform for monetizing videos on mobile phones. Transpera services online content owners, network operators and advertisers by providing their patent-pending advertising platform and bridging technology -- an all-in-one style solution for connecting the necessary piecesinvolved in successful and profitable mobile video deployments. Transpera powers mobile video services for internet video brands including MTV Networks, Discovery Networks, Fox Reality Channel, the Travel Channel, CBS News, Associated Press, AccuWeather.com, Revision3, Next New Networks, Break.com, maniaTV, eBaumsworld and Zoovision among others.
  • FlatFrog Laboratories — Free online whiteboard that is easy to use on your personal laptop or walk-up and use as a digital whiteboard on your InGlass meeting room display. Use FlatFrog Board across your entire Microsoft Teams workspace.
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Wharton Alumni Angels
VC Fund · Fort Washington, Pennsylvania, United States · 1 investments in Brazil Fitness startups

Connecting Wharton alumni to exceptional startups through angel investing, mentorship, and community. Learn how you can get involved today.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Seed, Angel, Pre-Seed
  • Geography: United States, Brazil, Canada

Investor stats

  • Total investments: 48
  • Round size: Seed $500k–$5.9M; Pre-Seed $300k–$2.4M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Alltius — Alltius is an AI-driven platform for conversational assistance in software products primarily to help and guide users in their product journeys.
  • Secret Skin — Buy non-toxic skincare & beauty products online from Secret Skin. Shop 100% natural and organic Skin Care, Hair Care, Bath & Body Care, Beard Grooming and Beauty products for Women & Men online at the Secret Skin store.
  • Cayuga Biotech — Cayuga Biotech is a startup developing novel hemostatic drugs and devices to reduce uncontrollable bleeding which is a leading cause of death from traumatic injuries. The company's polyphosphate-based drug accelerates the body's own clotting process to contain clotting at the injury site and thus minimize the risk of side effects. Cayugais developing drugs for indications that treat traumatic hemorrhage as well as rare bleeding disorders.
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Antler
VC Fund · Singapore, Central Region, Singapore · 1 investments in Brazil Fitness startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 2375
  • Round size: Seed $158k–$4.5M; Pre-Seed $100k–$588k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • ReportsAI — ReportsAI is an impact operating system that automates data collection and reporting for NGOs and industry to ensure audit-ready compliance.
  • Forti Foods — The mission of Forti Foods is to enhance communities and change lives beyond the plate by fostering resilience and dignity via sustainable food innovation.
  • RubiLabs — RubiLabs Inc provides a platform for unifying, monitoring, and analyzing organizational data. RubiLabs software enables analysts and operators across risk, compliance, and security teams to collaborate and interpret large volumes of information in real time. The company’s platform is designed to help institutions make sense of complex, fragmenteddata by transforming it into a coherent operational picture for risk detection, continuous monitoring, and investigative workflows.
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Kortex Ventures
VC Fund · Brazil, Saint George, Trinidad and Tobago · 1 investments in Brazil Fitness startups

Kortex Ventures is a global venture capital fund that invests mainly in health tech and healthcare technology early-stage companies. It partners with outstanding entrepreneurs and innovative companies to change the future of healthcare through technology.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Medical
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Brazil, Israel, Mexico

Investor stats

  • Total investments: 11
  • Round size: Seed $3.5M–$5M; Series A $7M–$20M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • ISA Saúde — ISA lab is to deliver the best solution for health and offers a humanized service. ISA is an online platform where one can select the process like examination, test, or vaccine. Then schedule and make payment online, receive ISA wherever one wants. Finally, they offer a facility to check the result online and rate their service.
  • Huna — We are committed to making early cancer detection faster, cheaper and accessible
  • Caveo — Simplifying how doctors earn, save and manage their incomes.
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Endeavor Catalyst
VC Fund · New York, New York, United States · 1 investments in Brazil Fitness startups

Endeavor Catalyst is the co-investment fund set up to invest exclusively in led companies

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Series B, Series A, Series C
  • Geography: United States, Brazil, Mexico

Investor stats

  • Total investments: 498
  • Round size: Series A $5.3M–$37M; Series B $8.8M–$100M; Series C $20M–$180M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely actively investing — fresh fund, raised $300M in 2025

Portfolio highlights

  • NG.CASH — NG.CASH is a digital bank designed to help the new generations (ages 12 to 30) achieve financial independence. It lets users take charge of their money through solutions like PIX (Brazil’s instant-payment system), prepaid and virtual cards, allowance management, and now credit products tailored for young adults. As a financial hub, NG.CASH is builtto grow with its clients, boosting financial literacy and supporting them at every stage of life.
  • Rain — Rain is a vertically integrated issuing partner for global platforms. Enabling innovative financial products through modern APIs, flexible infrastructure, supporting electronic and digital money. Launch a card program in days not months.
  • Circeus — Shop Circle is a tech-driven company that acquires and grows the best e-commerce apps. We empower thousands of brands to build experiences that customers will love.
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Gvangels
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

Junte-se ao maior grupo de investimento anjo impulsione startups

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Investment focus

  • Industry: Software, Information Technology, Food and Beverage
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Brazil, United States, United Kingdom

Investor stats

  • Total investments: 97
  • Round size: Seed $189k–$1.4M; Angel $53k–$1.3M; Pre-Seed $107k–$1.5M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • SleepUp — SleepUp is a digital therapy platform that features sleep monitoring and records.
  • Kiro — Kiro is a non-alcoholic beverage brand for adults.
  • Tell Me Now — Tell Me Now (or "DigAÍ" in Portuguese) hears out all candidates and spares recruiters time spent in countless meetings. An AI interviewer that screens candidates via audio, ranking faster than video interviews and with human-like levels of accuracy.
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Futurum Capital
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

Futurum Capital presents a hands on model, operating from the initial stage of development of startups, going through the acceleration in the angel and seed stages to the A series. More than capital injection, as is the traditional model of venture capital, Futurum Capital is dedicated to operation and business development, offering a completeoperational structure of technology, growth, product design, business strategy, commercial agreements, financial intelligence, ecosystem of platforms and services, in addition to a shared space where entrepreneurs have access to a number of facilities - such as studios for content production, auditorium, among others.Let´s shape the Future!

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Investment focus

  • Industry: Art, Software, Analytics
  • Stage:Seed, Venture - Series Unknown
  • Geography: Brazil, Norway, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $350k–$4M; Venture - Series Unknown $564k–$6.6B
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Strm Music — AI-powered platform that boosts music careers. Smart distribution, promotion, and analytics for independent artists and labels.
  • OpenAI — Introducing Sora: Creating video from text
  • Installer — The only installation management platform yo'll ever need. Access a network of professional installer companies across categories.
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DNA Capital
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

We empower exceptional teams and companies in healthcare and healthtech

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Investment focus

  • Industry: Health Care, Medical, Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, Brazil, China

Investor stats

  • Total investments: 42
  • Round size: Seed $250k–$8M; Series A $2M–$30M; Series B $4.6M–$30M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely actively investing — fresh fund, raised $3.7M in 2026

Portfolio highlights

  • Piwi — Hi there, we are Piwi®. Like a broker, only easier. We didn’t create the company because we were in love with the market. It was exactly the opposite. With an easy to use and intuitive digital benefit managing platform we replaced the old school brokerage changing the way in which companies research, buy and manage their health plans and benefits.That’s evolution coming around!
  • Memed — The safest and friendliest e-prescribing tool, for doctors. The most convenient and affordable way for treatment adherence, for patients.
  • Reema Health — Transforming the way people navigate the gaps between health care and social care. Reema combines a 24/7 AI-based confidant with in-person community guides to help people meet their social needs.
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Scale-Up Ventures
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups, 10 in the past 12 months

Scale-Up Ventures is a venture capital fund that invests in companies selected by Endeavor Brazil's hyper-growth acceleration programs.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Brazil, United States, Canada

Investor stats

  • Total investments: 94
  • Round size: Seed $2.5M–$15M; Series A $5.3M–$25M; Series B $15M–$50M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Avenia — Money movement infrastructure that connects Latam to the world. Seamless. Stable. Compliant. Avenia is powered by BRLA, the most active stablecoin in Brazil, to enhance efficiency, transparency and speed.
  • BeConfident — Practice English with AI on WhatsApp and video-calling
  • Comp — Strategy in every penny invested in your people.Comp is an agile partner that combines compensation and technology experts to align your Total Rewards strategy with business needs.From labor cost strategy to process automation, we are helping hundreds of innovative companies with job and salary management, short- and long-term incentives, meritcycles, people budgeting and more.
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Endeavor
VC Fund · New York, New York, United States · 1 investments in Brazil Fitness startups, 6 in the past 12 months

About EndeavorEndeavor is the world’s leading community of high-impact entrepreneurs. Today, Endeavor’s network spans nearly 40 countries and supports more than 2,000 entrepreneurs, whose companies generate combined revenues of over $28 billion US, have created more than 3.9 million jobs, and, in 2020, raised over $4 billion US in capital.Endeavor’s unique entrepreneur-first model and network of trust provide a platform for founders to dream big, scale up, and pay it forward to the next generation of entrepreneurs.
About Endeavor CatalystEndeavor Catalyst is the rules-based, co-investment fund of Endeavor, set up to invest exclusively in Endeavor Entrepreneur-led companies and to sustain Endeavor’s long-term operations in a mission-aligned way. Launched in 2012, Endeavor Catalyst has ~$250M+ AUM across three funds and has made 200+ investments to date in 32+ different markets. Today The Endeavor Catalyst portfolio has 37 companies valued at $1B+, including 29 unicorns. Investments include Globant (NYSE:GLOB), Rappi, and Creditas in Latin America; Yemeksepeti.com and Careem in MENA; and Bukalapak and Carro in Indonesia.

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Series A, Series B
  • Geography: Brazil, United States, Malaysia

Investor stats

  • Total investments: 79
  • Round size: Series A $4.8M–$25M; Series B $9M–$50M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — raised $292M in 2022

Portfolio highlights

  • Jusfy — Jusfy offers legal services and consulting for individuals and business organizations.
  • aviva — Aviva is building an AI-powered digital bank for Latin America’s underserved communities. While determined to fuel Latin America’s ongoing emergence of a new middle class with a fully-fledged portfolio of inclusive financial services, Aviva’s initial go-to-market concentrates on unsecured credit products for individuals and nano-businesses inMexico.As most of the underbanked 40+ million Mexicans live in small and medium-sized towns, Aviva builds a bridge to those living in remote communities with its physical onboarding kiosks. These nano-branches provide a documentless 3-minute video onboarding for everyone in need of liquidity. Novel AI-based technology, including natural language processing, allows Aviva to match customers’ spoken word to the fields of a comprehensive real-time credit application. Transforming speech to text and inferring emotions and personality from the visual layer of the application video gives Aviva an edge in scoring thin-file customers. Leveraging these novel risk models, Aviva aims to provide the lowest interest rates available to today’s underserved.
  • Lunar Outpost — Lunar Outpost is redefining our relationship with the Moon and space by building the robotic infrastructure for future exploration and commerce. Our mission: make the Moon accessible, sustainable, and open for innovation.
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TipTop VC
VC Fund · 1 investments in Brazil Fitness startups

TipTop VC backs early-stage vertical AI startups reinventing industies. Pre-seed/seed stage Vertical AI + SaaS fund. Operator-led, founder-trusted.

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Investment focus

  • Industry: SaaS, Legal, Content
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, The Netherlands

Investor stats

  • Total investments: 7
  • Round size: Seed $1.6M–$7.6M; Pre-Seed $1.2M–$1.6M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Santé — Manage your liquor store in an all-in-one POS system specifically built for the liquor industry.
  • Renno — Milestone-based escrow payments for contractors. Funds secured before you start. Released the moment work is done. No late payments, ever.
  • General Counsel AI — GC AI is an AI platform for in-house legal teams. Draft contracts, review documents, and research legal issues in seconds. Confidential, secure, and built for in-house legal. Trusted by 2,100+ legal teams.
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Valor Capital Group
VC Fund · New York, New York, United States · 1 investments in Brazil Fitness startups, 17 in the past 12 months

Valor is an investment firm that focuses on cross-border financial and investment opportunities. The firm operates across two investment strategies Growth Equity and Venture Capital. It was founded in 2011 and headquartered in New York, United States.

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Investment focus

  • Industry: FinTech, Financial Services, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: Brazil, United States, Mexico

Investor stats

  • Total investments: 255
  • Round size: Seed $1.3M–$10M; Series A $4M–$26M; Series B $9.1M–$104M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely actively investing — fresh fund, raised $5M in 2026

Portfolio highlights

  • aviva — Aviva is building an AI-powered digital bank for Latin America’s underserved communities. While determined to fuel Latin America’s ongoing emergence of a new middle class with a fully-fledged portfolio of inclusive financial services, Aviva’s initial go-to-market concentrates on unsecured credit products for individuals and nano-businesses inMexico.As most of the underbanked 40+ million Mexicans live in small and medium-sized towns, Aviva builds a bridge to those living in remote communities with its physical onboarding kiosks. These nano-branches provide a documentless 3-minute video onboarding for everyone in need of liquidity. Novel AI-based technology, including natural language processing, allows Aviva to match customers’ spoken word to the fields of a comprehensive real-time credit application. Transforming speech to text and inferring emotions and personality from the visual layer of the application video gives Aviva an edge in scoring thin-file customers. Leveraging these novel risk models, Aviva aims to provide the lowest interest rates available to today’s underserved.
  • Higgsfield — The ultimate AI-powered camera control for creators by creators
  • Trace Finance — Trace Finance enables secure and swift connections between businesses and their customers through payments and automatic transaction reconciliations on a large scale, promoting integrity and efficiency.
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Madfish Group
VC Fund · 1 investments in Brazil Fitness startups

Madfish is a investment firm.

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Investment focus

  • Industry: Fitness, Wellness, Organic Food
  • Stage:Angel, Series A
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Nuu — Nuu is a food-based company that makes old-fashioned food with future generations in mind. Nuu is not to make the best products in the world, but the best products for the world.
  • Ease Labs International — Site Institucional da Ease Labs Group
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Invisto
VC Fund · Florianópolis, Santa Catarina, Brazil · 1 investments in Brazil Fitness startups

Invisto is a venture capital investments firm seeks to invest in southern Brazil.

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Investment focus

  • Industry: Software, Analytics, InsurTech
  • Stage:Seed, Venture - Series Unknown, Series B
  • Geography: Brazil

Investor stats

  • Total investments: 20
  • Round size: Seed $286k–$3M; Series B $19M–$30M; Venture - Series Unknown $2.3M–$2.9M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • ISA Saúde — ISA lab is to deliver the best solution for health and offers a humanized service. ISA is an online platform where one can select the process like examination, test, or vaccine. Then schedule and make payment online, receive ISA wherever one wants. Finally, they offer a facility to check the result online and rate their service.
  • CTA Smart — CTA Plus is a company that specializes in the production and sale of measuring instruments. Their product range includes measurement instruments, indicators, solenoid valves, and robotics. They also offer a solution for internal supply automation for fleets, which can potentially save companies up to 20% on fuel costs. Their products, such as theShaft Type Rotary Torque Transducer, utilize strain gauge technology and offer digital display, analogue, and relay output functions. These products can be used with various types of sensors, including load and torque sensors.
  • Darwin Seguros — Darwin Seguros is a insurance technology company.
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Indicator Capital
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

Founded in 2014, Indicator Capital is a Brazilian venture capital firm operating in Sao Paulo and the Silicon Valley. The partnership formed by Derek Lundgren Bittar, Fabio Iunis de Paula, and Thomas Lundgren Bittar, promotes the convergence between the dream of the entrepreneur and the financial return for the investor, tropicalizing American bestpractices to national startups. With more than R$ 270MM under management, Indicator Capital is the largest early-stage venture capital firm in Latin America specialized in Internet of Things (IoT). In their investments, the partners apply value-adding, proprietary methodology Building Value Together®, besides acting as Investors for Good, a concept reinforced by the firm`s certification as a B System™ company.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Brazil, United States, Uruguay

Investor stats

  • Total investments: 52
  • Round size: Seed $563k–$2M; Series A $1.5M–$23M; Venture - Series Unknown $1M–$5M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — raised $63M in 2021

Portfolio highlights

  • AIMIRIM — CFD software development, services and consulting company. We work with the state of art in engineering simulations.
  • Doji — Doji enables retailers in emerging markets to turn used devices into instant purchasing power through AI-driven trade‑in.
  • Doji — Buy or sell your tech on Doji, an online marketplace you can trust. Where refurbished tech comes 52-point checked, with fast delivery and a 12-month warranty.
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Universo Ventures
VC Fund · 1 investments in Brazil Fitness startups

Brazilian venture holding focused on deep tech backing founders building AI-native infrastructure for underserved markets.

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Investment focus

  • Industry: Health Care, Fitness, Wellness
  • Stage:Pre-Seed
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $150k–$200k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Be Gym — Be Gym is a wellness healthtech built around a simple idea: being active shouldn't feel hard, lonely, or intimidating.
  • Raras Health — Raras Health is a Brazilian health technology company building AI infrastructure for rare disease diagnosis. An estimated 300 million people worldwide live with one of more than 7,000 known rare diseases, and the average patient endures a diagnostic odyssey of five to seven years across multiple specialists before receiving an accurate diagnosis.Raras was founded to compress that timeline through a combination of advanced AI, biomedical knowledge engineering, and clinical partnerships.The company's flagship product, My Scientist, is a multi-agent on-premise AI platform that supports clinicians in evaluating complex undiagnosed cases. It combines specialized agents for phenotype extraction, genomics analysis, knowledge-graph reasoning, literature review, differential diagnosis, and treatment guidance. On RareBench, the leading public benchmark for rare disease diagnostic AI, My Scientist achieves Recall@1 of 66.7% and Recall@5 of 86.7%, placing it among the strongest rare disease diagnostic systems published to date. The platform is deployed on-premise to meet hospital data governance requirements and is powered by open-source foundation models served through vLLM, alongside Araras-HPO, the company's proprietary Portuguese-language biomedical language model.Raras Enciclopédia serves as the underlying knowledge and ontology layer, integrating data on more than 10,468 rare diseases across a graph of over 927,000 nodes and 5.4 million edges. The encyclopedia consolidates international ontologies (HPO, Orphanet, OMIM, MONDO) with curated clinical knowledge into a unified resource that powers both clinical decision support and patient-facing applications. Raras is co-founded by Dimas Timmers (CEO), a deep-tech AI entrepreneur with prior experience at Antler and Meta, and previously founder of Nindoo, an AI lab focused on federated learning in healthcare; Dr. Alexandre Kawassaki (CMO), a rare disease specialist at Hospital das Clínicas da Universidade de São Paulo and LinkedIn Top Voice in Healthcare; and Dr. João Bosco Oliveira Filho (CSO), holder of dual PhDs from USP and the University of Amsterdam, post-doctorate at the U.S. National Institutes of Health, founder of NeoGenomica, and former principal investigator of the Rare Genomes Project at Hospital Israelita Albert Einstein.Raras maintains institutional partnerships with Hospital das Clínicas da Universidade de São Paulo, Instituto Jô Clemente. The company is headquartered in Brazil, with European expansion underway in Lisbon, Portugal.Menos sorte. Mais respostas. (Less luck. More answers.)
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Fir Capital
VC Fund · Horizonte, Rio Grande do Sul, Brazil · 1 investments in Brazil Fitness startups

Founded in 1999, FIR Capital is a venture capital firm that invests in nascent, emerging or growing companies that demonstrate tremendous growth potential.FIR Capital looks for innovative projects and companies. It offers financial support, strategic advisory services and support to management, and assistance in hiring key executives, inaddition to its experience in sales, marketing, innovation, controllership, exports, global expansion and strategic alliances.The partners of FIR Capital are venture capital pioneers in Brazil, having invested in Biobrás S.A. (later sold to Novo Nordisk), Miner Technology (sold to UOL) and Akwan Technology (sold to Google).In 2007, Draper Fisher Jurvetson (DFJ), one of the world´s biggest and best venture capital firms, acquired shareholding interest in FIR Capital. DFJ´s worldwide network spans 4 continents and consists of 23 venture capital funds, 135 investment professionals, more than 300 investors and investments in around 550 companies, with more than US$ 5.5 billion under its management.DFJ´s portfolio of success stories includes Hotmail, Skype, Baidu, DivX, Mobile365, Overture, 411 and EnerNOC.

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Investment focus

  • Industry: Health Care, SaaS, Wellness
  • Stage:Series A, Seed
  • Geography: Brazil

Investor stats

  • Total investments: 8
  • Round size: Series A $6.7M–$17M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $66M in 2014

Portfolio highlights

  • Plamev — Plamev is a company which provides with pet health plans.
  • ISA Saúde — ISA lab is to deliver the best solution for health and offers a humanized service. ISA is an online platform where one can select the process like examination, test, or vaccine. Then schedule and make payment online, receive ISA wherever one wants. Finally, they offer a facility to check the result online and rate their service.
  • ABC da Construção — ABC da Construção is a construction company that provides consultation and materials to clients. It supplies furnishing, designing, and building supplies. ABC da Construção was founded in 1990 and is headquartered in Minas Gerais, Brazil.
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Organica Evolução Exponencial
VC Fund · Madalena, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

Organica fosters business growth with tailored strategies, team mentoring, and operational support to maximize results.

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Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Novvo Bem Estar — Novvo is a natural pre-drink that aids recovery and helps you stay productive after celebrations.
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Bertha Capital
VC Fund · Barueri, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

Bertha Capital provides structural investment in the startups.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Seed, Venture - Series Unknown
  • Geography: Brazil, United States, Argentina

Investor stats

  • Total investments: 31
  • Round size: Seed $286k–$4M; Venture - Series Unknown $345k–$1.7M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $40M in 2022

Portfolio highlights

  • Zemo Bank — Zemo Bank is a financial services firm that offers open banking, ERP integration, digital accounts, and payment services.
  • CashU — CashU is a fintech company that provides credit solutions to small and medium-sized company to manage their security.
  • EnLite Health Solutions — We connect human care and mental health professionals with patients and their families, generally through health insurance plans. We understand that patients and their families are plunged into helplessness, not knowing which treatment to follow, what goals to achieve, and what expectations are achievable in the short, medium, and long term. Theirfeeling is that of being in a dark room and not knowing where to find help or guidance. That's why we created EnLite Health Solutions, to illuminate the path to our patients' recovery. To do this, we first build a personalized Therapeutic Project to understand the needs of each person involved in the recovery process. Then we search for a service provider from our network, and each time we receive a report on the care provided, allowing us to graphically analyze the patient's progress. In the future, Big Data will allow us to develop the ideal journey for each patient with every type of pathology. That's why we're not a marketplace; we're a clinic without walls!
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Yaya Capital
VC Fund · 1 investments in Brazil Fitness startups

Yaya Capital is a Venture capital and Private equity firm.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Machine Learning
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Brazil, United States

Investor stats

  • Total investments: 8
  • Round size: Series A $8.8M–$52M; Series B $30M–$175M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ISA Saúde — ISA lab is to deliver the best solution for health and offers a humanized service. ISA is an online platform where one can select the process like examination, test, or vaccine. Then schedule and make payment online, receive ISA wherever one wants. Finally, they offer a facility to check the result online and rate their service.
  • NeuralMed — NeuralMed is a native healthcare startup that analyzes all types of unstructured data from various sources to create a single safe and reliable data matrix. It develops solutions based on proprietary algorithms that maximize the full potential of real-time medical data. Its algorithms can organize patient flow by criticality and assist doctors inidentifying pathologies and structuring reports based on the analysis of free texts and images. Its solutions are dependable and easily integrated into any system, resulting in higher user adherence.
  • XP Health — XP Health is a health tech startup introducing a new kind of vision benefit for employees leveraging machine learning.Founded in 2019 by Antonio Moraes and James Wong, XP Health is an AI-powered vision benefits platform for employees and their families to get frames from the world’s leading designers like Tom Ford, Ray-Ban, Armani, Gucci, Coach.Its proprietary deep learning model uses facial recognition technology that recommends the best frames based on facial dimensions with 98% accuracy. The company is working with companies like Chegg, Zenefits, and Sequoia Consulting Group.
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Caravela Capital
VC Fund · Curitiba, Parana, Brazil · 1 investments in Brazil Fitness startups, 7 in the past 12 months

Brazilian Venture Capital firm investing in early-stage companies in Latam

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Investment focus

  • Industry: Information Technology, Financial Services, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Brazil, Mexico, United States

Investor stats

  • Total investments: 69
  • Round size: Seed $340k–$6.4M; Pre-Seed $600k–$2.3M; Series A $3M–$86M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $47M in 2022

Portfolio highlights

  • Robbin — Robbin is leading a revolution to change how 21 million SMBs fund $2.5 trillions in B2B Payments. Employing an innovative underwriting approach, Robbin leverages BRL 3 trillion in card receivables as collateral to underwrite a one-of-a-kind business credit card for underserved entrepreneurs.
  • Trinio — Creating new experiences and technologies that empower merchants to build better and lasting relationship directly with their clients
  • aviva — Aviva is building an AI-powered digital bank for Latin America’s underserved communities. While determined to fuel Latin America’s ongoing emergence of a new middle class with a fully-fledged portfolio of inclusive financial services, Aviva’s initial go-to-market concentrates on unsecured credit products for individuals and nano-businesses inMexico.As most of the underbanked 40+ million Mexicans live in small and medium-sized towns, Aviva builds a bridge to those living in remote communities with its physical onboarding kiosks. These nano-branches provide a documentless 3-minute video onboarding for everyone in need of liquidity. Novel AI-based technology, including natural language processing, allows Aviva to match customers’ spoken word to the fields of a comprehensive real-time credit application. Transforming speech to text and inferring emotions and personality from the visual layer of the application video gives Aviva an edge in scoring thin-file customers. Leveraging these novel risk models, Aviva aims to provide the lowest interest rates available to today’s underserved.
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Hangar 8 Capital
VC Fund · 1 investments in Brazil Fitness startups

Hangar 8 is an investment firm.

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Investment focus

  • Industry: Software, Information Technology, AgTech
  • Stage:Seed, Venture - Series Unknown, Angel
  • Geography: Brazil, Argentina, United Kingdom

Investor stats

  • Total investments: 14
  • Round size: Seed $368k–$2M; Venture - Series Unknown $183k–$778k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Já Vendeu — We help our users to sell pre-owned, pre-loved products easily. Doing that, we also enable a whole new buyer experience, making more transparent and safe transactions compared to others similar companies.
  • 123Projetei — 123Projetei specializes in real estate solutions. It began operation in January 2016, with its headquarters in Rio Grande in Brazil.
  • Central da Visão — Central da Visão is a social impact healthtech. We connect people without health insurance to partner clinics that provide more affordable eye surgery.
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Alumni Partners
VC Fund · Seongnam, Kyonggi-do, South Korea · 1 investments in Brazil Fitness startups

Alumni Partners is a venture capital firm based in South Korea.

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Investment focus

  • Industry: E-Commerce, Personal Health, Food and Beverage
  • Stage:Seed, Series A, Pre-Seed
  • Geography: South Korea, Brazil

Investor stats

  • Total investments: 13
  • Round size: Seed $177k–$930k; Series A $421k–$3.3M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Dalol — Dalol is a bakery that sells snacks, cakes, and rice chips.
  • AtTracker — AtTracker is a sales and business management platform that offers analysis and data services for stores.
  • PS Analytics — PS Analytics is a gaming data and esports content company that began as the “Pro Spectator P.S.” YouTube channel focused on data-driven League of Legends analysis. The company later expanded into statistics-based game analysis platforms, esports media content, and digital services that provide strategic insights, match analysis, and player data forgaming audiences.
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Barrah Investimentos
VC Fund · 1 investments in Brazil Fitness startups

O Barrah nasceu em um family office com forte DNA empreendedor. Somos um fundo de venture capital, somos investidores – empreendedores.

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Investment focus

  • Industry: Software, Education, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Brazil, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $336k–$7M; Pre-Seed $300k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Arbyte — Forming the next generation of certified developers and connecting them with the best companies in the market.
  • Lobby Tech — Lobby Tech provides personalized welcome kits for employees and customers.
  • Pilla — Pilla operates as a fintech company dedicated to assisting individuals with low and middle incomes in addressing their financial challenges. They offer solutions such as salary advances with payroll deductions and financial planning to help with issues like debt repayment and emergency fund raising.
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Shift Capital
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

Success in Brazil is all about execution

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Investment focus

  • Industry: Food and Beverage, AgTech, FinTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Brazil

Investor stats

  • Total investments: 14
  • Round size: Seed $450k–$16M; Series A $1.6M–$10M; Venture - Series Unknown $4M–$19M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • PINC — PINC manufactures and sells natural protein bars and healthy chocolates designed for consumers seeking nutritious snacks. The company produces protein bars containing 12g of protein per 50g unit, formulated without additives, artificial preservatives, gluten, or lactose. Their products use few selected ingredients including egg whites, whiteraisins, dates, and nuts to provide slow-absorption protein for muscle building and post-workout recovery. Pincbar operates through direct online sales and retail partnerships, offering individual units and boxes of 12 bars across multiple flavors.
  • Regera — Regera redefines waste management with innovative solutions for energy, biomethane, and sustainable fertilizers.
  • Acquion Foodtech — Acquion Foodtech supplies innovative collagen ingredients for food, pharma, cosmetics, supplements, and veterinary use.
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Sororitê
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Brazil Fitness startups

Sororitê is a angel investor investment firm.

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Investment focus

  • Industry: Information Technology, Gaming, FinTech
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Brazil

Investor stats

  • Total investments: 20
  • Round size: Seed $362k–$928k; Angel $97k–$1.3M; Pre-Seed $143k–$432k
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $4.4M in 2024

Portfolio highlights

  • Sanii — Sanii provides wellness and fitness services and promotes activities for memory and social interaction.
  • SleepUp — SleepUp is a digital therapy platform that features sleep monitoring and records.
  • Quill — Quill aims to simplify real estate transactions with technology and security and provides an integrated digital experience.
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Geist Capital
VC Fund · New York, New York, United States · 1 investments in Brazil Fitness startups

Geist is an investment firm that invests in tech- and internet-enabled companies globally.

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Investment focus

  • Industry: Legal, Consulting, IT Management
  • Stage:Seed, Pre-Seed
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jusfy — Jusfy offers legal services and consulting for individuals and business organizations.
  • Sanii — Sanii provides wellness and fitness services and promotes activities for memory and social interaction.
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Zentynel Frontier Investments
VC Fund · Santiago, Region Metropolitana, Chile · 1 investments in Brazil Fitness startups

Zentynel Frontier is a investment firm.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Uruguay, Argentina

Investor stats

  • Total investments: 17
  • Round size: Seed $400k–$6M; Series A $500k–$17M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $4M in 2022

Portfolio highlights

  • Axenya — Axenya leverages the power of data to deliver personalized health, greater control, and cost savings. They design solutions for managing a company's corporate health.
  • Asclepii — Multi-dimensional Wound Healing | Cell therapy is the future of human health. | Regenerative medicine for modern wound care.
  • BIOMAKERS — BIOMAKERS is a biotechnology research company that offers molecular testing and genetic diagnosis for patient treatment.
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Neurone Ventures
VC Fund · Tel Aviv, Tel Aviv, Israel · 1 investments in Brazil Fitness startups

Neurone Ventures operates as a venture capital firm specializing in seed and early ventures.

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Investment focus

  • Industry: Health Care, Fitness, Security
  • Stage:Seed, Series B, Venture - Series Unknown
  • Geography: Brazil, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • KaVaDo — KaVaDo, the technology leader in Web Application Protection, delivers comprehensive and adaptable application-layer security protection in real-time. KaVaDo’s effective prevention and assessment technologies complement and extend existing IT security measures not specifically designed to protect Web applications.InterDo, powered by innovativeswitching and security technologies, is a proven solution to secure the most advanced and complex Web applications available.ScanDo is a Web application vulnerability assessment scanner that audits the entire Web application environment to uncover both known and unknown vulnerabilities that create security risks.
  • OceanDrop — OceanDrop is a Brazilian nutrition company that offers products with advance nutritional quality. It is specialized in nutrition with microalgae, which are microscopic plants that offer a great diversity of nutrients essential for your body in a practical, natural, and sustainable way.The company was founded in 2016 and is based in BalneárioCamboriú, Brazil.
  • Psicologia Viva (Psyalive) — Psicologia Viva is an online portal with virtual offices that approach the psychologist and the patient through the use of technology. The company aims to connect patients with psychologists in all parts of the world and helping companies to have more productive employees through an emotional health program.
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Fitness VC funding in Brazil at a glance

Stats across 65 deals from 72 investors.

72
investors
in Brazil Fitness startups
65
deals
in Brazil Fitness startups
$928k
median round
in Brazil Fitness startups
38%
lead investors
lead at least one round
31%
Seed
most common funding stage

Access all 72 VC funds in Brazil Fitness startups.

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