Vox Capital
Vox Capital, founded in 2009 in São Paulo, is Brazil's first dedicated impact investment manager, operating a multi-strategy platform across venture capital, fixed-income/private debt, and portfolio solutions for institutional, corporate, and retail investors.
- Company typePrivate
- Founded2009
- HeadquartersSão Paulo, Brazil
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Vox Capital does
Vox Capital, founded in 2009 and headquartered in São Paulo, is Brazil's first dedicated impact investment manager. The firm operates a multi-strategy investment platform spanning venture capital, private debt/fixed income, and portfolio solutions, with a team of 11–50 employees led by Founding Partner and CEO Daniel Izzo, CIO Gilberto Ribeiro, and Managing Partner Livia Brando. Across more than 16 years of operation, Vox Capital has executed over 62 investments and achieved 18 exits, building a portfolio that includes Wellhub (ex-Gympass), Celcoin, Cubos Academy, Nude, Seedz, Delfos Energy, and Genica. The firm is privately held, B Corp certified since 2015, and recognized globally through IA50 inclusion for 14+ consecutive years, the IDB's 2014 Best Sustainable Investment in Latin America award, and a Harvard Business School case study.
The firm's product architecture comprises flagship venture capital funds (VOX Impact Investing I and II; VOX Tech for Good Growth I and II), Corporate Venture Capital mandates managed for Banco do Brasil, Hospital Israelita Albert Einstein, COPEL, and Natura, the VOX Sustainable Development IS fixed-income impact fund (Brazil's first, launched May 2022 with a R$100 minimum investment), the VOX CCAT catalytic-capital fund for agricultural transition (launched November 2025 with $50 million and a $1 billion by 2028 target), and Legacy Funds for families, foundations, and institutes. Underpinning all strategies is a proprietary impact measurement methodology — branded the "Efficient Impact Frontier" — that integrates UN SDG alignment, ESG risk identification, and proven impact evaluation into portfolio construction.
Vox Capital generates revenue primarily through management fees on its venture capital funds, fixed-income fund, and corporate-venture-capital mandates, supplemented by carried interest on fund performance. Distribution combines direct institutional and family-office relationships, retail and mass-affluent access via major Brazilian investment platforms (Warren, C6 Bank, BTG Pactual, Inter, Ion), and a dedicated startup dealflow submission platform. Recent strategic activity — including the Delfos Energy cross-border lead, the CCAT fund launch with The Nature Conservancy as advisor, and continued CVC co-investment with Banco do Brasil and COPEL — signals active expansion into new verticals (regenerative agriculture, European climate AI) alongside the maturing core platform.
Vox Capital firmographics
Firmographics- Name
- Vox Capital
- Legal name
- VOX Capital
- Website
- https://voxcapital.com.br
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Vox Capital, founded in 2009 in São Paulo, is Brazil's first dedicated impact investment manager, operating a multi-strategy platform across venture capital, fixed-income/private debt, and portfolio solutions for institutional, corporate, and retail investors.
- Ownership category
- akta.pro rank
Vox Capital industry classification
Industry- Product category
- Impact Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Thematic / Sector-Focused Multi-Manager Platforms (FSANAGAH)
- akta.pro secondary industries
- Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ), Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)
Keywords
Where Vox Capital is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices2 records
Markets served
Vox Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Venture Capital Fund Management: VOX Capital manages flagship VC funds (VOX Impact Investing I, II; Tech for Good Growth I, II) investing in seed and early-stage technology startups. Revenue is generated through management fees and carried interest (performance fees) on fund returns.
- Corporate Venture Capital: Manages Corporate Venture Capital funds on behalf of partner corporations (Banco do Brasil, Einstein, Copel, Natura) in defined verticals such as Financial Services/AgTechs/GovTechs, Health/Biotechs, Energy Transition, and Circularity/Regeneration. Revenue generated from management fees charged to corporate partners.
- Fixed Income / Private Debt: Manages the VOX Sustainable Development IS Fund, Brazil's first fixed-income impact fund, investing in high-grade assets (government bonds, corporate debentures, CDs) selected through proprietary impact methodology. Minimum investment of R$100, with redemption at D+5 calendar days and settlement at D+1 business day. Also manages VOX CCAT, a multimarket fund for sustainable agriculture transition.
- Portfolio Solutions / Legacy Funds: Provides exclusive wealth management solutions for families, foundations, and institutes seeking to align 100% of investments with their values. Uses the 'Efficient Impact Frontier' methodology combining risk, return, and positive socio-environmental impact in portfolio construction.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | VOX Sustainable Development IS – Fixed Income Impact Fund |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
Vox Capital product offering
Product offeringCore offering
Vox Capital is a Brazilian impact investment management firm that operates a multi-strategy platform of venture capital funds, private debt/fixed-income impact funds, and portfolio solutions. It invests in seed and early-stage technology startups with positive socio-environmental impact, manages Brazil's first fixed-income impact fund, channels concessional capital into sustainable agriculture, and provides fully aligned wealth management for families, foundations, and institutional investors. Revenue is generated through management fees and carried interest on the funds it manages.
Product overview
VOX Capital operates as a multi-strategy investment platform with three main strategies: Venture Capital (flagship funds and Corporate VC programs), Private Debt (fixed income impact fund and CCAT for agricultural transition), and Portfolio Solutions (Legacy Funds for complete portfolio management). The flagship VC funds include VOX Impact Investing I and II, and VOX Tech for Good Growth I and II targeting Series A and B startups. The Private Credit division offers VOX Sustainable Development IS (Brazil's first fixed-income impact fund) and VOX CCAT for nature-based agricultural solutions. Portfolio Solutions provides Legacy Funds using the Efficient Impact Frontier methodology. Together these strategies balance risk, return, liquidity, and impact across Brazil's systemic challenges from financial inclusion to climate transition.
Differentiator
Problem solved
Functional benefit
Products and services
- VOX Impact Investing I VOX's flagship venture capital fund focused on Series A and B stage startups with strong traction and high impact potential in Brazil's social and environmental sectors. (Closed fund; served as a foundational vehicle for Vox Capital's VC strategy since 2009.)
- VOX Impact Investing II Active flagship venture capital fund in divestment phase, specializing in Series A and B stage startups that demonstrate strong traction, high impact potential, and scalability in Brazil.
- VOX Tech for Good Growth I Active flagship VC fund in portfolio management phase, investing in frontier technology companies dedicated to solving real challenges for society and the planet with positive impact at the core of their model (Tech for Good thesis).
- VOX Tech for Good Growth II Active flagship VC fund in fundraising and investment phase, the second vehicle in the Tech for Good thesis investing in frontier technology companies with societal and planetary impact focus.
- VOX Sustainable Development IS (VOX ODS) Brazil's first fixed-income impact fund, investing in high-grade assets including government bonds, corporate debentures, and bank certificates of deposit. Uses a proprietary methodology combining UN SDGs sector screening, ESG risk identification, and proven impact evaluation. Minimum investment BRL 100; D+5 redemption quota, D+1 settlement. Distributed through Warren, C6 Bank, BTG Pactual, Inter, and Ion.
- VOX CCAT (Catalytic Capital for the Agricultural Transition) Nature-based solutions investment fund accelerating Brazil's transition to sustainable and deforestation-free agriculture. Channels concessional capital into credit operations across soy, cattle, and agroforestry value chains in the Cerrado and Amazon biomes, using subordinated positions in CRAs, FIDCs, and FIAGROs to reduce risk and enable commercial capital entry. Aims to mobilize $4 of private capital for every $1 of CCAT investment.
- Legacy Funds Exclusive wealth management solution for organizations, families, foundations, and institutes looking to invest with purpose. Uses the 'Efficient Impact Frontier' methodology combining risk, return, and positive socio-environmental impact dimensions to construct fully aligned portfolios.
- Corporate Venture Capital Programs Corporate Venture Capital funds managed in partnership with leading corporations: Banco do Brasil (Financial Services, AgTechs, GovTechs), Hospital Israelita Albert Einstein (Health and Biotechs), COPEL (Energy Transition), and Natura (Circularity and Regeneration, Cosmetics, Wellness). VOX designs and operates investment theses aligned with each corporate partner's business strategy.
Quantifiable outcome
- Over 62 investments made and 18 exits in 16+ years of operation
- +3 more outcomes
Companies that use Vox Capital
Customer profileNamed customers5 records
Segments9 records
Ideal customer profiles5 records
Vox Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature1 record
Vox Capital partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Global Innovation Lab for Climate FinancecoreVOX Capital participates in the Global Innovation Lab for Climate Finance, which selected eight climate finance instruments including VOX's Adaptation Asia and Planetary X's Panra Fund targeting $50 million for climate adaptation in emerging markets. The Lab has supported 87 climate instruments mobilizing $4.4 billion since 2014.
- The Nature ConservancycoreThe Nature Conservancy serves as the environmental and social impact advisor to the VOX CCAT (Catalytic Capital for the Agricultural Transition) fund, which channels concessional capital into credit operations for sustainable agriculture in Brazil's Cerrado and Amazon biomes.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Vox Capital competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Vox Capital social profiles
Digital presenceVox Capital compliance and trust
Trust signalCompliance5 records
Vox Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vox Capital leadership team
Management profileNumber of profiles
Profiles8 records
Vox Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vox Capital M&A and investment
M&A and investmentM&A
Investments40 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vox Capital
What does Vox Capital do?
Vox Capital is a Brazilian impact investment management firm that operates a multi-strategy platform of venture capital funds, private debt/fixed-income impact funds, and portfolio solutions. It invests in seed and early-stage technology startups with positive socio-environmental impact, manages Brazil's first fixed-income impact fund, channels concessional capital into sustainable agriculture, and provides fully aligned wealth management for families, foundations, and institutional investors. Revenue is generated through management fees and carried interest on the funds it manages.
Is Vox Capital a public or private company?
Vox Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Vox Capital founded?
Vox Capital was founded in 2009. It employs 11 to 50 people.
Where is Vox Capital based?
Vox Capital is headquartered in São Paulo, Brazil, in the Latin America region.
How does Vox Capital make money?
Four revenue lines are on record. Venture Capital Fund Management is the primary driver. The others are corporate Venture Capital, fixed Income / Private Debt and portfolio Solutions / Legacy Funds.
Does Vox Capital have an API?
No public API is recorded for Vox Capital.
What industry is Vox Capital in?
Vox Capital's product category is Impact Investment Management. Its primary akta.pro industry code is FSANAGAH, Thematic / Sector-Focused Multi-Manager Platforms, with a secondary code of FSANAAAJ, Venture Capital Fund-of-Funds / Multi-Manager Platforms. Its NAICS code is 523940 and its SIC code is 6282.