Anjos do Brasil

What Anjos do Brasil does

Anjos do Brasil is a Brazilian non-profit organization founded in 2011 by Cassio Spina, an electronics engineer from the Escola Politécnica da USP, with the stated mission of fostering angel investment and innovation entrepreneurship in Brazil. The organization operates as the country's largest angel investor network, connecting 500+ to 600+ active individual members with early-stage startups that are typically seeking seed rounds of R$300,000 to R$2,000,000. Its core product is a web-based matching platform where entrepreneurs submit projects for pre-screening and are then presented at monthly online pitch events and regional hub meetings; investors evaluate and commit capital individually, and Anjos do Brasil explicitly does not intermediate investments, take equity or charge transaction fees.

Supporting offerings include a Board Advisor Formation certification program, an 'Anjos for Founders' training track, online distance-learning courses (Cursos EAD), a structured three-cycle mentorship program, vertical-specific investor groups spanning 15 sectors (Edtech, Healthtech, Fintech/Insurtech, Agtech, Impact, Lawtechs, Mobility, Proptech, Retail, Seniortech, Software/SaaS, Intelligence/AI/Deep Tech and MIA for women investors), regional hubs across 20+ Brazilian states plus international presence in the USA, Portugal and Mexico, and an annual event calendar including the Congresso de Investimento Anjo, National Conference, Startup Investment Summit and Venture Innovation Summit. The business model relies on annual membership contributions whose fees are not publicly disclosed and must be requested via a contact form; commercial revenue streams do not exist on the investment side. Strategic partnerships with SEBRAE (including the 2025 joint Observatório SEBRAE Startups research), Global Business Angels Network, WBAF, Bessemer Venture Partners, FGV, USP and UFRGS anchor the network's ecosystem position.

Name

Anjos do Brasil

Legal name

Anjos do Brasil

Website

http://www.anjosdobrasil.net

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Anjos do Brasil is a Brazilian non-profit angel investor network founded in 2011 that connects 500+ to 600+ individual investors with early-stage startups through a structured matching platform, regional hubs across 20+ states, 15 vertical groups, certifications and annual events.

Ownership category

akta.pro rank

Product category

Angel Investment Network Services

NAICS

Business Associations (813910), Educational Support Services (61171), Convention and Trade Show Organizers (561920)

SIC

Services-Membership Organizations (8600), Finance Services (6199)

akta.pro primary industry

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

akta.pro secondary industry

Institutional Capacity Building & Training (Workforce/Systems Strengthening) (BPADAEAC)

Keywords

• Angel investing network
• Startup funding
• Investor matchmaking
• Venture education
• Startup ecosystem

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Membership contributions: As a not-for-profit organization, Anjos do Brasil depends on annual membership contributions from members to sustain operations. Members pay an annual fee to access all activities and benefits. The fee amount is not publicly disclosed and is obtained by filling out a contact form. The organization explicitly states it does not charge entrepreneurs for investments facilitated and does not take equity or fees on investments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Anjos do Brasil is a Brazilian not-for-profit organization that operates a national network connecting individual angel investors with early-stage startup entrepreneurs. The core offering is an online membership platform that screens submitted startup projects, coordinates monthly investor pitch events, and facilitates introductions between vetted founders and the network's 500+ angel investors (without taking equity or fees). Supporting offerings include paid certification programs (Board Advisor, Venture Capital, Anjos for Founders), online courses (Cursos EAD), a mentorship program, regional hubs, sector-specific vertical groups, and annual national events.

Product overview

Anjos do Brasil is a non-profit organization that serves as a network platform connecting entrepreneurs with angel investors and startup advisors. The core offering is a structured startup-investor matching platform where entrepreneurs submit projects for evaluation and potential connection with the network's 500+ angel investors. Supporting offerings include the Board Advisor Certification training program, EAD online courses, a mentorship program with 3 annual cycles, annual events (Congresso, Conferência, Startup Investment Summit), an Investment Guide with legal document templates, regional nuclei networks across Brazilian states, sector-specific vertical groups, and a content platform with blog articles and newsletters. The platform does not make direct investments or manage funds but facilitates connections and provides educational resources.

Differentiator

Problem solved

Functional benefit

Brands

• Congresso de Investimento Anjo: Annual congress for angel investment in Brazil
• Conferência Nacional da Anjos do Brasil
• Startup Investment Summit
• Venture Innovation Summit
• Anjos for Founders
• Board Advisor Formation
• MIA - Mulheres Investidoras Anjo

Products and services

• Annual Membership to Anjos do Brasil Network Subscription membership providing individual angel investors with access to the network's pre-screened startup deal flow, monthly pitch events, regional hub meetings, vertical groups, mentorship cycles, EAD courses, and international partner connections. Annual fee is disclosed upon inquiry; the membership is the primary revenue source for the not-for-profit.
• Formação Board Advisor Training and certification program covering governance frameworks, practical tools, and startup-specific advisory practices for professionals who serve as board members or advisors (conselheiros) to Brazilian startups. Compensation for these roles is typically via stock-options.
• Formação Anjos for Founders Educational formation program targeted at startup founders and entrepreneurs, complementing the broader Anjos do Brasil curriculum of angel investment and entrepreneurship.
• Formação Venture Capital Educational formation program covering venture capital practice, deal structuring, and follow-on investing, designed for members and prospective investors seeking to deepen their VC knowledge.
• Cursos EAD (Distance Learning Courses) Online courses covering angel investment, startup funding, and entrepreneurship topics, available at full price to the public and at free or discounted rates to members of the network.
• Programa de Mentoria Anjos do Brasil Structured mentorship program running in three annual cycles that pairs Brazilian startup entrepreneurs with experienced advisors and angel investors from the Anjos do Brasil network for strategic and operational guidance.

Quantifiable outcome

• Over 230 investments made in Brazilian startups since 2011
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Observatório SEBRAE StartupscoreStrategic or Co-development Partner · 28 August 2025Joint research initiative resulting in the 'Pesquisa sobre Investimento Anjo no Brasil 2025' published at Startup Summit 2025, providing unprecedented data on angel investor profiles, motivations, and challenges in Brazil.
• SEBRAE (Serviço Brasileiro de Apoio às Micro e Pequenas Empresas)coreStrategic or Co-development Partner · 1 January 2025Strategic partnership with SEBRAE for joint research on angel investment in Brazil (2025 research publication), ecosystem development, and startup support programs. SEBRAE is Brazil's main small business support organization.
• Bessemer Venture PartnersminorStrategic or Co-development Partner · 31 October 2011Partnership announced in October 2011 with one of the world's oldest venture capital firms, providing international perspective and potential connections to later-stage funding for portfolio companies.
• Global Business Angels NetworkcoreStrategic or Co-development PartnerInternational partnership positioning Anjos do Brasil as part of the global angel investment network. Provides international visibility, cross-border deal flow, and best practice sharing with angel networks worldwide.
• World Business Angels Investment Forum (WBAF)coreStrategic or Co-development PartnerInternational partnership with the World Business Angels Investment Forum, a global partner focused on facilitating angel investment across borders and promoting startup ecosystems internationally.
• UFRGS (Universidade Federal do Rio Grande do Sul)minorStrategic or Co-development PartnerAcademic partnership with UFRGS for knowledge sharing, research collaboration, and ecosystem development in Southern Brazil.
• FEA Júnior USPminorStrategic or Co-development PartnerPartnership with the junior enterprise of the Faculty of Economics, Administration and Accounting at University of São Paulo for student engagement and knowledge sharing.
• FGV (Fundação Getulio Vargas)minorStrategic or Co-development PartnerPartnership with FGV EAESP (Escola de Administração de Empresas de São Paulo) for educational content and student involvement in the ecosystem.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Gávea Angels: Brazilian angel investor network founded in Rio de Janeiro with a model closely mirroring Anjos do Brasil's: organized angel group screening startup deal flow and facilitating co-investment in Brazilian early-stage companies. A natural direct competitor for national angel mind-share.
• AngelList (Wellfound): Largest global online platform connecting early-stage startups with angel investors and venture syndicates. Directly comparable to Anjos do Brasil in matching angel capital to seed-stage founders, but operates globally with a software-first rather than community-first model.
• Angel Capital Association (ACA): US-based professional association of angel investor groups, providing education, best-practice sharing, and policy advocacy for accredited angel investors. Functionally analogous to Anjos do Brasil's role as the convening body for angel groups, but for the US market.
• European Business Angels Network (EBAN): Pan-European federation of business angel networks and early-stage investor associations. Comparable mission to Anjos do Brasil in supporting national angel groups, sharing deal flow across borders, and advocating for favorable EU angel-investment policy.
• COREangels: Global federation of angel investor chapters organized by verticals (e.g. COREangels EduTech, HealthTech, FinTech). Comparable to Anjos do Brasil's vertical-group model; in fact, Anjos do Brasil already co-invested alongside COREangels EduTech in Storm Education in 2025.

Others

• World Business Angels Investment Forum (WBAF): G20-affiliated global forum affiliated with the World Trade Angels Forum, focused on policy advocacy and international cooperation for angel investment. Anjos do Brasil is itself a partner of WBAF, making WBAF a peer-level ecosystem organization rather than a direct competitor.

Broad incumbents

• Distrito: Brazilian open innovation and corporate venture platform connecting large corporates with startups, investors, and ecosystem players. Comparable in ecosystem-broker role but oriented toward corporate venture deals rather than individual angel investors.
• ABVCAP (Associação Brasileira de Private Equity & Venture Capital): Brazilian industry association representing the broader private equity and venture capital ecosystem. Adjacent to Anjos do Brasil rather than a direct competitor — covers later-stage institutional capital where Anjos focuses on the angel/seed layer, but is the dominant Brazilian voice on PE/VC policy and data.
• Latitud: LatAm-focused platform supporting early-stage founders with community, capital access and operational resources. Overlaps with Anjos do Brasil's mission of connecting Brazilian/LatAm founders with investors, but operates as a tech-enabled platform serving multiple countries.

Emerging players

• Seedstars: Swiss-based emerging-markets investor and startup competition platform with active presence in Brazil and other LatAm and African markets. Comparable in connecting early-stage founders in emerging markets with global investors, but more competition-driven and geographically broader.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/anjos-do-brasil
• Instagraminstagram.com/anjosdobrasil
• Xx.com/AnjosdoBrasil
• Facebookfacebook.com/AnjosdoBrasil

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments195 records

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

Frequently asked questions about Anjos do Brasil