# Mandi Ventures

> Mandi Ventures is a VC fund backing Food and Beverage and Agriculture. See 16 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: São Paulo, Brazil
- Total investments: 16
- Last investment: Jun 2025
- Lead investor: 38%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/mandi-ventures
- Website: https://www.mandiventures.com/

Mandi Ventures is a VC fund in São Paulo focused on Food and Beverage and Agriculture. Mandi is a Venture Capital Fund focused on Food and Agriculture. We invest in startups that utilize technology to increase the efficiency and sustainability of the food value chain. We strive to help emerging companies become global leaders.

## Contacts

5 contacts available for Mandi Ventures. Shizune tracks 2 team members at Mandi Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/mandi-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1M–$5.2M |
| Series A | $5.5M–$9.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Food and Beverage | 4 | 25% |
| Agriculture | 2 | 13% |
| Food Processing | 2 | 13% |
| Information Services | 2 | 13% |
| Information Technology | 2 | 13% |

31 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 5 | 31% |
| Series A | 3 | 19% |
| Pre-Seed | 1 | 6% |
| Series F | 1 | 6% |
| Venture - Series Unknown | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Brazil | 3 | 19% |
| France | 2 | 13% |
| United States | 2 | 13% |
| United Kingdom | 2 | 13% |
| Switzerland | 1 | 6% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Antonio Moreira Salles | Co-founder and General Partner | 3 | https://shizune.co/investors/profile/antonio-moreira-salles |
| Julio Benetti | Co-founder and General Partner | 5 | https://shizune.co/investors/profile/julio-benetti |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Lembas | Lembas is a foodtech startup that has developed "GLP-1 Edge," a patent-pending peptide ingredient designed to naturally boost the GLP-1 hormone, which helps regulate appetite and metabolism for weight management. Using AI-driven discovery and licensed technology from Tel Aviv University, Lembas offers this peptide powder as abusiness-to-business ingredient for food and supplement brands, providing a science-backed, non-pharmaceutical alternative to weight loss drugs with no reported side effects | $3.6M | Pre-Seed | Jun 10, 2025 |  |
| Tarken | Tarken helps in developing its technology that connects grain buyers and sellers and operates an artificial intelligence tool for commodity pricing. |  | Seed | Mar 31, 2025 |  |
| Order1 | Deestree, the B2B food sector is progressively attempting to digitize, It has created a MiddleWare solution that allows suppliers to quickly scale up their distribution policy and multi-segment sales. |  | Venture - Series Unknown | Apr 01, 2024 |  |
| Cosaic | Cultivated Biosciences is a Food Production Company. | $5M | Seed | Mar 06, 2024 |  |
| Cosaic | Cultivated Biosciences is a Food Production Company. | $5M | Seed | Mar 06, 2024 |  |
| Alice Mushrooms | Alice Mushrooms specializes in the production of functional mushroom chocolates, designed to enhance energy, focus, and overall wellness. These chocolates are crafted using organic ingredients, without any artificial flavors or preservatives. The product range includes formulations with Cordyceps for vitality and stamina, and Lion's Mane forbrain health. Alice Mushrooms combines mushrooms with nootropics and adaptogens to create chocolates that support sleep, focus, and full body wellness. The company caters to individuals seeking natural enhancers for their daily routines. |  | Seed | Feb 09, 2024 |  |
| GrowinCo. | GrowinCo. is the best platform for supplier and co-manufacturing collaboration for the CPG industry. We connect idle capacity from co-manufacturers with needs for production outsourcing in the industry and private label products for retailers. We connect to the leading quality certification databases in a network of over 40,000 companies. | $1M | Seed | Nov 06, 2023 |  |
| GrowinCo. | GrowinCo. is the best platform for supplier and co-manufacturing collaboration for the CPG industry. We connect idle capacity from co-manufacturers with needs for production outsourcing in the industry and private label products for retailers. We connect to the leading quality certification databases in a network of over 40,000 companies. | $1M | Seed | Nov 06, 2023 |  |
| GrowinCo. | GrowinCo. is the best platform for supplier and co-manufacturing collaboration for the CPG industry. We connect idle capacity from co-manufacturers with needs for production outsourcing in the industry and private label products for retailers. We connect to the leading quality certification databases in a network of over 40,000 companies. | $1M | Seed | Nov 06, 2023 |  |
| Mium Lab | Mium Lab creates vitamin-enriched food supplements in the form of naturally fruity gummies, combining pleasure and health. It employs scientifically developed plant-based and vitamin-based formulas for its products. Mium Lab's mission is to improve everyone's life by providing simple and enjoyable to use well-being and health products. | $5.5M | Series A | Feb 01, 2023 |  |

10 of 16 investments shown.

## Co-investors
- [Aquasourca](https://shizune.co/investors/profile/aquasourca) — VC Fund, 3 deals together
- [Gvangels](https://shizune.co/investors/profile/gvangels) — VC Fund, 3 deals together
- [Harvard Angels](https://shizune.co/investors/profile/harvard-angels) — VC Fund, 3 deals together
- [Harvard Business School Alumni Angels of Brazil](https://shizune.co/investors/profile/harvard-business-school-alumni-angels-of-brazil) — VC Fund, 3 deals together
- [Urca Angels](https://shizune.co/investors/profile/urca-angels) — VC Fund, 3 deals together
- [HackCapital](https://shizune.co/investors/profile/foodhack) — VC Fund, 2 deals together

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## FAQ

### What does Mandi Ventures invest in?

Mandi Ventures invests primarily in Food and Beverage, Agriculture and Food Processing startups, most often at Seed and Series A stage. Most of the 16 investments tracked by Shizune back companies in Brazil. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Mandi Ventures's check size?

Mandi Ventures typically joins rounds of $1M–$5.2M at Seed and $5.5M–$9.5M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Mandi Ventures participates in.

### How do I contact Mandi Ventures?

Public channels for Mandi Ventures include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Mandi Ventures?

The team at Mandi Ventures includes Antonio Moreira Salles (Co-founder and General Partner) and Julio Benetti (Co-founder and General Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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