Barn Investments

What Barn Investments does

Barn Investimentos is a boutique venture capital firm founded in 2012 and headquartered in São Paulo, Brazil (operating as Barn Consultoria e Gestão de Recursos LTDA, registered with Brazil's CVM as an Asset Portfolio Manager). The firm invests in early to growth-stage greentech startups across Latin America, with a portfolio of 16 companies across four verticals: Agriculture & Land Use, Transport & Mobility, Clean Industry & Circular Economy, and Renewable Energy & Energy Efficiency. Portfolio concentration is 65% in agtech, and the firm has produced 3 successful exits plus 1 M&A deal, with 7 of 12 active portfolio companies having secured follow-on rounds at higher valuations.

The firm does not develop proprietary technology products; its core intellectual capital is its investment methodology, sector deep-dive research, and a proprietary greentech thesis developed across Latin America. Notable portfolio companies include Ruedata (fleet tire SaaS operating in Brazil, Mexico, Colombia), Splight (AI grid optimization, only Brazilian investor), Marco (cross-border export fintech for SMEs), Nextron (distributed solar marketplace), Agrolend (agricultural fintech for SMFs), Grão Direto (grain marketplace), Origem (electric motorcycles for last-mile logistics), and Circular Brain (electronics recycling traceability). The firm is currently raising a $150 million third fund.

The business model is that of a classic VC fund manager: revenue is generated through annual management fees on committed capital and carried interest on successful exits. Deal sourcing is driven by proprietary networks, thematic analysis, and founder relationships. The firm leads rounds (e.g., led the $2M Ruedata seed) and provides active post-investment support to portfolio companies. Capital is raised from institutional investors, family offices, and high-net-worth individuals. Barn is one of the few Brazilian VCs to have completed a full investment cycle returning positive financial returns to LPs, and has been recognized with the EMPEA Awards 2019 and Environmental Finance Best Environmental Fund 2022 (Latin America).

Name

Barn Investments

Legal name

Barn Consultoria e Gestão de Recursos LTDA

Website

https://barninvest.com.br

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Barn Investimentos is a São Paulo-based boutique venture capital firm founded in 2012, managing funds that invest in early-to-growth stage greentech startups across Latin America across four verticals: Agriculture & Land Use, Transport & Mobility, Circular Economy, and Renewable Energy.

Ownership category

akta.pro rank

Product category

Venture Capital Management

NAICS

Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro primary industry

Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency) (FSANAEAE)

Keywords

• Venture capital
• Greentech investments
• Agtech funding
• Climate tech investing
• Early-stage funding

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Carried Interest (Performance Fee): Barn Investimentos earns carried interest on profits generated from successful portfolio company exits (acquisitions, IPOs, secondary sales). This is the primary value-creation mechanism for the fund and its investors. The firm has completed at least one full investment cycle returning positive financial returns to investors.
2. Management Fees: VC funds typically charge annual management fees on committed capital (e.g., 2% of AUM) during the investment period and sometimes into the holding period, providing a recurring revenue stream to cover operational costs.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Barn Investimentos is a boutique venture capital firm that raises and manages investment funds to take equity stakes in early and growth-stage greentech startups across Latin America, with a primary focus on Brazil. The firm invests across four verticals: Agriculture & Land Use, Transport & Mobility, Clean Industry & Circular Economy, and Renewable Energy & Energy Efficiency, providing portfolio companies with growth capital, sector expertise, network introductions, and post-investment operational support.

Differentiator

Problem solved

Functional benefit

Products and services

• Barn First Fund (2013 Vehicle) First Barn Investimentos venture capital fund, captured from investors in 2013 and fully deployed. The fund completed its full investment cycle and was returned to investors with high returns in mid-2018, establishing the firm's track record. Available for capital commitment by Limited Partners (institutional investors, family offices, high-net-worth individuals).
• Barn Second Fund Second-generation venture capital fund from Barn Investimentos, deployed during the firm's strategic shift toward a focused Greentech investment thesis across Agriculture & Land Use, Transport & Mobility, Clean Industry & Circular Economy, and Renewable Energy & Energy Efficiency verticals. Available for capital commitment by Limited Partners.
• Barn Third Fund (Fund III) Third-generation venture capital fund from Barn Investimentos, currently raising USD 150 million to continue deploying capital into greentech startups across Latin America. Available for capital commitment by institutional investors, family offices, and high-net-worth individuals.

Quantifiable outcome

• 16 companies in portfolio with 3 successful exits and 1 M&A deal since 2012
• +4 more outcomes

Named customers23 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• SplightcoreStrategic or Co-development PartnerSplight is an AI startup focused on grid operations technologies within Barn's Energy Efficiency vertical. Barn is the only Brazilian investor in Splight. The company's technology addresses grid congestion and idle capacity by leveraging AI and inverter-based resources (IBRs) to optimize contingency management and maximize existing grid infrastructure utilization. Splight's AI technology integrates data from satellites and weather stations for enhanced reliability, helping reduce renewable energy curtailment and congestion costs.
• RuedatacoreStrategic or Co-development PartnerRuedata is a one-stop-shop platform for vehicle tire solutions operating in Mexico, Brazil, and Colombia. Barn led the USD 2M funding round. Ruedata integrates SaaS, maintenance planning, tire checks, and marketplace solutions for fleet tire management. The company uses data analytics and machine learning to achieve an average of 30% savings for clients and has a pilot conversion rate of ~80%. Key differentiators include a proprietary tire condition gauge manufactured at ~10% of imported gauge costs, and partnerships with Alelo and Ticket Log covering over 1.5 million vehicles.
• MarcocoreStrategic or Co-development PartnerMarco is a cross-border fintech enabling micro, small and medium enterprises to increase exports by providing invoice factoring, working capital, and trade finance solutions. Barn invested in Marco as its first investment in the cross-border trade thematic area. The investment aligns with Barn's greentech thesis at the intersection of Agriculture and Logistics verticals, with 40% of Marco's client base in food-related products. Marco works with tier 1 retailers including Walmart, Costco, and HEB.
• NextroncoreStrategic or Co-development PartnerNextron is a renewable energy marketplace connecting distributed solar energy producers to small and mid-size consumers (businesses and households) offering clean energy at 15-20% cheaper rates. It is Barn's first investment in the energy sector. The platform operates as an Energy-as-a-Service (EaaS) solution with three components: Nextron Connect (retail energy subscription), Nextron Core (turnkey solution for solar developers), and Nextron Invest (direct investment into clean energy projects).
• Circular BraincoreStrategic or Co-development PartnerCircular Brain is an electronics recycling platform that bridges small-scale recyclers with multinational corporations, providing traceability and circular economy compliance solutions. Barn invested alongside BR Angels in October 2021. The company was founded by Marcus William Oliveira, who returned to assist his family's electronics recycling business and built a technology platform that translates recycler data into terms multinational companies can understand and act upon.
• AgrolendcoreStrategic or Co-development PartnerAgrolend is an AgFinTech that simplifies the financing process for small and medium-sized Brazilian rural producers (SMFs), who are typically underserved by traditional credit. Barn invested in Agrolend at the pre-operational stage in 2021. The company has a co-distribution model through partnerships with regional agricultural input distributors, which serve as collateral guarantors for loans. Agrolend raised a USD 14M equity round led by Valor Capital with participation from Continental Grain Company, SP Ventures, and Provence Capital.
• Grão DiretocoreStrategic or Co-development PartnerGrão Direto is an agricultural marketplace connecting grain buyers and sellers, modernizing the traditionally manual grain trading process in Brazil. Founded by three childhood friends from Uberaba, Minas Gerais — Pedro (agriculture), Alexandre (business administration), and Fred (computer science) — the company addresses the disconnect between high-tech farming within the farm gate and outdated post-farm gate trading. Grão Direto's ESG protocol is aligned with leading market associations.
• OrigemcoreStrategic or Co-development PartnerOrigem (Motos Elétricas) is an electric motorcycle manufacturer and fleet-as-a-service provider for last-mile logistics in Brazil. Barn was the first institutional investor in June 2020, investing during the pandemic. The company manufactures electric motorcycles offered as a complete service to large and mid-size fleet operators at approximately 40% lower cost than owning and operating combustion motorcycles. Each Origem motorcycle avoids 2.5t CO2e emissions per year. The company raised R$100 million from Atmos Capital and is migrating production to the Manaus Free Trade Zone.
• AlelominorChannel Partner/ Reseller/ DistributorAlelo is a strategic partner of Ruedata (Barn portfolio company), contributing to Ruedata's commercial presence across Latin America. Alelo operates a fleet management benefits platform and together with Ticket Log covers a portfolio of over 1.5 million vehicles, serving as a distribution channel for Ruedata's tire management solution.
• Ticket LogminorChannel Partner/ Reseller/ DistributorTicket Log is a strategic partner of Ruedata (Barn portfolio company), contributing to Ruedata's commercial presence across Latin America. Ticket Log is a fleet management solutions provider and together with Alelo covers a portfolio of over 1.5 million vehicles, serving as a distribution channel for Ruedata's tire management solution.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Valor Capital: Valor Capital is a US-Brazil cross-border venture firm investing in early-stage technology companies, including notable exposure to agtech (it led Agrolend's $14M round). It is directly comparable to Barn as a fellow Brazil-focused VC with cross-border reach and a similar Latam mandate.
• SP Ventures: SP Ventures is a Brazilian venture capital firm dedicated to agtech and foodtech investments across Latin America, making it the closest direct peer to Barn's 65% agtech-weighted greentech thesis. Both firms target early-stage startups addressing agricultural inefficiency in Brazil.
• ALLVP: ALLVP is a Mexican early-stage VC firm investing across Latin America in similar stage and check size to Barn. While not exclusively greentech, both operate as boutique thematic managers in the Latam venture ecosystem with comparable fund sizes and a focus on emerging-market founders.
• NXTP Labs: NXTP Labs is an Argentina-based early-stage VC and accelerator operating across Latin America, with similar check sizes and stage focus to Barn. Both firms support pre-seed and seed-stage founders in the region, though NXTP Labs has a broader sector mandate than Barn's greentech specialization.

Broad incumbents

• Kaszek Ventures: Kaszek is the largest Latam-focused venture firm, with multi-billion AUM and investments spanning technology, fintech, and select greentech adjacencies across the region. It is comparable to Barn as a Latam-focused investor but operates at far greater scale and broader sector mandate.
• Monashees: Monashees is one of the largest and most established Brazilian venture capital firms, backing technology companies across multiple sectors and stages. As a broad incumbent with significantly larger fund sizes than Barn, it competes for the same founder talent and follow-on capital across Brazil.
• S2G Ventures: S2G Ventures is a US-based venture firm focused on food, agriculture, and clean energy. It shares Barn's greentech thematic focus and stage range, though it operates at significantly larger scale and is geographically focused on North America rather than Latam.

Regional players

• Omnivore: Omnivore is an India-focused venture capital firm investing in early-stage agritech and climate solutions. It is comparable to Barn as a regional specialist in agricultural and rural innovation, though focused on India rather than Latin America, providing a useful thematic comp for agtech-only VC fund economics.

Emerging players

• Quona Capital: Quona Capital is an emerging-markets-focused venture firm backing fintech and agritech companies, including exposure to Latin America. It overlaps with Barn's Marco and Agrolend-style investments at the intersection of financial inclusion, agriculture, and trade in emerging markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCybW2EpJr1YbuT-BRxKIaEw
• LinkedInbr.linkedin.com/company/barn-invest

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

Investments28 records

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

Frequently asked questions about Barn Investments