What Cedro Capital does

Cedro Capital is an independent venture capital and private equity asset management firm headquartered in Brasília, Brazil, founded in 2016. The firm acquires minority influential stakes (up to 49%), always backed by shareholder agreements, in high-growth technology companies with a stated geographic focus on Brazil's central region — Centro-Oeste, Triângulo Mineiro, Northwest of Minas Gerais, and South of Tocantins. Its product suite comprises two regulated vehicles: the FIP Venture Brasil Central, a generalist tech fund under CVM Instruction 391/03, and the Fundo GovTech, co-managed with KPTL Investimentos since H2 2021 and positioned as the first Latin American fund dedicated exclusively to GovTech startups, targeting R$200 million in commitments across approximately 30 investments in public-sector digital transformation.

The portfolio spans 30+ companies across diverse verticals — cybersecurity (Apura), document management (Xodo App), fintech (Trampay, NuCont), edtech (Kanttum, Jovens Gênios), HR tech (Mereo, SVATECH), procurement (Portal de Compras Públicas), civic engagement (Colab), climate tech (i4sea), AI-driven ergonomics (Kinebot), and outdoor media (OOH My Media). The firm reports six completed exits and >110% return on its first fund, with realized assets including Onfly (R$80M round in June 2023), Nvoip, Configr, Getrak, Kanttum, and Pick n Go. Limited partners include strategic corporates (Multilaser, Positivo, EDP) and regional development agencies (AgeRio, Badesul).

The revenue model combines recurring management fees on assets under management with transaction-linked carried interest on successful exits. Distribution is direct, via structured investment processes (origination, investment committee, due diligence) targeting qualified institutional investors. The firm operates with a lean team of 1-10 employees led by sócio-diretores (managing partners) Alessandro Machado and Bruno Brito, and supports portfolio companies through active governance and shareholder-agreement-backed oversight from investment through exit.

Name

Cedro Capital

Legal name

Cedro Capital

Website

https://cedrocapital.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Cedro Capital is a Brasília-based venture capital asset manager that acquires minority stakes (up to 49%) in high-growth Brazilian technology companies, primarily through its FIP Venture Brasil Central and the KPTL-co-managed Fundo GovTech — the first Latin American fund dedicated exclusively to GovTech startups transforming public services.

Ownership category

akta.pro rank

Product category

Venture Capital Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Venture capital investing
• Private equity funds
• Govtech investing
• Tech startup funding
• Asset management services

Headquarters

HQ city

Sobradinho

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Fund Management Fees: Cedro Capital generates revenue through management fees charged on funds under management, typically a percentage of committed capital.
2. Carried Interest (Performance Fees): The firm earns carried interest from successful investments and exits, representing a share of profits from portfolio company realizations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Cedro Capital is an independent venture capital asset manager headquartered in Brasília that acquires minority influential stakes (up to 49%) in high-growth technology companies in Brazil's central region. The firm manages investment funds, including FIP Venture Brasil Central and the GovTech Fund (co-managed with KPTL), providing capital and strategic support to portfolio companies from investment through exit.

Product overview

Cedro Capital is an independent asset management company headquartered in Brasília-DF offering venture capital investment products. The core offering consists of the FIP Venture Brasil Central fund (acquiring minority stakes up to 49% in emerging tech companies in Brazil's central region) and the Fundo GovTech (co-managed with KPTL, dedicated to GovTech startups transforming public services). A restricted shareholder portal provides governance document access. The firm has invested in over 30 companies across sectors including edtech, hrtech, fintech, agtech, climate tech, and govtech.

Differentiator

Problem solved

Functional benefit

Brands

• Fundo GovTech: Venture capital fund co-managed by KPTL and Cedro Capital, dedicated to investing in startups that develop innovative solutions for the Brazilian public sector. First fund of its kind in Latin America.

Products and services

• FIP Venture Brasil Central A venture capital fund managed by Cedro Capital that acquires minority influential stakes (up to 49%) in high-growth technology companies in Brazil's central region (Midwest, Triângulo Mineiro, Northwest of MG, and South of Tocantins), regulated as a Fundo de Investimento em Participação under CVM instruction 391/03. Targeted at qualified institutional investors.
• Fundo GovTech A venture capital fund co-managed by Cedro Capital and KPTL Investimentos, dedicated exclusively to investing in GovTech startups developing innovative solutions for Brazil's public sector in areas like health, education, urban mobility, smart cities, and citizenship. Target fund size of R$200 million to invest in approximately 30 startups.
• Restricted Area – FIP Venture Brasil Central Shareholders A secure online portal providing FIP Venture Brasil Central shareholders with access to follow-up and governance documents, hosted via Google Drive.

Quantifiable outcome

• Surpassed >110% return on first investment fund with six exits
• +1 more outcomes

Named customers27 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Valor Capital Group: Brazil-US cross-border VC firm investing in Brazilian tech startups. Comparable in stage focus (early/growth) and Brazilian tech origination, with additional US market access.
• DOMO Invest: Brazilian VC firm investing in early-stage tech companies, including govtech-adjacent themes. Comparable in Brazilian early-stage tech investing and sector mix.
• KPTL Investimentos: Co-manager of the Fundo GovTech and one of Brazil's most relevant VC fund managers. Directly comparable as a Brazilian early-to-growth VC operating similar fund structures and sourcing deals in the same ecosystem.
• Bossanova Investimentos: Brazilian micro-VC focused on seed-stage startups with multiple funds and broad sector coverage. Comparable in check size, stage focus, and Brazilian early-stage investing model.
• SP Ventures: Brazilian VC firm specializing in agtech and agrifoodtech with a regional focus. Comparable in thematic early-stage VC approach and Brazil-focused fund management model.
• Anjos do Brasil: Largest angel investment network in Brazil, focused on early-stage startups. Comparable in early-stage check size, regional Brazilian sourcing, and entrepreneur-facing support model.
• Canary: Brazilian early-stage VC firm making seed and pre-seed investments in tech startups. Comparable in stage focus, ticket size, and Brazilian seed investing model.

Broad incumbents

• Wayra Brasil: Corporate VC arm of Telefónica operating in Brazil and other LatAm markets. Comparable as an institutional investor in Brazilian early-stage tech, with broader corporate backing and global reach.
• Monashees: One of the largest and most established LatAm VC firms, investing across stages and sectors in Brazilian tech. Comparable as a Brazilian VC manager though operating at significantly greater AUM and stage range.
• Kaszek Ventures: Major LatAm VC firm with significant Brazilian activity, investing from seed through growth. Comparable as a Brazilian VC manager though at substantially larger scale and later-stage orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cedro-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments30 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cedro Capital