Catarina Capital

What Catarina Capital does

Catarina Capital is a private Brazilian investment management firm headquartered in Florianópolis, Santa Catarina, that operates a venture capital platform under the Primus Ventures brand. Founded in 2020, the firm focuses on early-stage startup investing in Brazil, positioning itself as a strategic and human partner to visionary entrepreneurs and often serving as a first institutional investor. The firm is staffed by a small team of five partners (José Augusto Albino, Raul Daitx, Adonay Freitas, Renata Buss, and Thiago Lobão) and is structured around two investment funds: Fundo Cventures Primus and Fundo Sul Ventures, the latter with an explicit focus on Southern Brazil.

The firm's product surface is limited to its fund vehicles plus a newsletter subscription module and content publishing (Medium blog, Instagram, LinkedIn) used for ecosystem engagement and deal sourcing. Core operations are conducted from a single office on Rodovia SC-401 in the Saco Grande neighborhood of Florianópolis, with distribution handled through direct outreach, warm introductions, and startup-ecosystem networking rather than through traditional sales channels. As a venture capital fund, the firm is not a technology company — no proprietary technology stack, software product, or AI/ML capability is disclosed.

Catarina Capital generates revenue through the standard VC model: management fees on committed capital across its two funds and carried interest on successful exits from portfolio companies. No revenue, AUM, fund size, portfolio composition, or LP details are publicly disclosed. GTM motion is community-led, leveraging social media content, a blog, and direct ecosystem engagement to source early-stage deals and build brand awareness within the Brazilian startup community.

Name

Catarina Capital

Legal name

Primus Ventures

Website

https://catarinacapital.com.br

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Catarina Capital is a Florianópolis-based venture capital firm operating as Primus Ventures, investing in early-stage Brazilian startups through two funds (Fundo Cventures Primus and Fundo Sul Ventures) with a community-led, founder-partner sourcing approach.

Ownership category

akta.pro rank

Product category

Venture Capital Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Emerging Manager / Seeding Platforms (Multi-Manager) (FSANAGAF)

Keywords

• Venture capital funds
• Early-stage investment
• Startup funding
• Investment management
• Technology venture investing

Headquarters

HQ city

Florianópolis

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Investment Fund Management: As a venture capital fund, the firm generates revenue through management fees on committed capital and carried interest (performance fees) on successful exits from portfolio companies. The fund manages two primary funds: Fundo Cventures Primus and Fundo Sul Ventures.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Catarina Capital, operating as Primus Ventures, is a venture capital investment manager that provides early-stage capital to technology-driven startups in Brazil. The firm manages two investment funds — Fundo Cventures Primus and Fundo Sul Ventures — connecting capital with innovation through direct equity investments, while positioning itself as a strategic and human partner to founders throughout their entrepreneurial journey.

Product overview

Catarina Capital operates Primus Ventures as a unified venture capital platform offering two named investment funds: Fundo Cventures Primus and Fundo Sul Ventures. The platform is structured as a fund-of-funds architecture, with the core Primus Ventures brand serving as the anchor entity connecting capital with innovation. The portfolio is managed by a team of five partners, and the platform includes a newsletter subscription module for stakeholder communication.

Differentiator

Problem solved

Functional benefit

Products and services

• Primus Ventures

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Valor Capital Group: Cross-border venture capital firm with strong US-Brazil corridor focus on technology companies. Comparable as a more established player with Brazil tech expertise, though broader mandate.
• Redpoint eventures: Brazilian-focused venture capital firm backed by Redpoint, investing across early and growth stages in Latin American tech. Comparable as a Brazilian tech investor with similar thesis.

Direct peers

• Monashees: Brazilian venture capital fund backing early-stage technology founders. Comparable in target market (Brazilian tech startups), stage focus, and community-oriented founder engagement model.
• DOMO Invest: Brazilian venture capital firm investing in early-stage technology companies. Comparable as a tech-focused, early-stage investor in the Brazilian ecosystem with similar check sizes.
• Canary: Brazilian pre-seed venture capital fund backing technology founders at the earliest stages. Comparable given focus on being the first institutional investor in visionary founders in Brazil.
• Kaszek Ventures: One of the largest Latin American venture capital firms, focused on early-stage technology companies across the region. Directly comparable as a Brazilian-rooted VC investing in technology startups with a thesis-driven approach.
• Bossanova Investimentos: Brazilian early-stage VC fund focused on technology startups, particularly in underserved regions of Brazil. Directly comparable given similar regional thesis and small emerging manager profile.

Regional players

• Fuse Capital: Brazilian early-stage venture capital firm focused on technology and innovation. Comparable as a regional early-stage investor with similar founder-first positioning in the Brazilian ecosystem.
• Latitud: Latin American early-stage venture capital firm focused on Brazilian founders. Comparable as a regional peer investing in tech startups across Latin America with thesis-driven approach.

Emerging players

• Somos Todos Investidores: Brazilian emerging manager platform supporting first-time fund managers launching VC and PE funds. Comparable as part of the emerging manager ecosystem in Brazil that Catarina Capital operates within.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/catarina-capital
• Instagraminstagram.com/primus_ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Catarina Capital