What Primatec does

Primatec is a closed-end Brazilian venture capital fund (Fundo de Investimentos em Participações — FIP) launched in April 2015 under the FINEP Inova Empresa program, targeting innovative companies incubated or graduated from Brazilian technology parks and incubators. The fund operates with R$100 million of committed capital from a concentrated base of public-sector institutional limited partners: FINEP (anchor, R$40 million initial commitment), BNDES, Bandes (Espírito Santo), BDMG (Minas Gerais), and Fapemig. It is managed by Antera Gestão de Recursos (founded 2005, Rio de Janeiro) with Brain Ventures Gestão de Negócios acting as operational consultant, and the fund's stated investment sectors span ICT (TIC), sustainability, energy, and the creative economy.

The fund's product surface is its portfolio of eleven identified technology companies, with deep technical differentiation across computer vision, biometrics, predictive analytics, and digital twins. Industrial inspection is led by Autaza (computer vision and ML-based defect detection for automotive, glass, and paint), backed by a USPTO-granted patent (2021-07-08). Biometric identity is delivered by Fullface Biometric Solutions (1024-point facial recognition at 99% accuracy, deployed at GOL, Vivo, airports, banks, schools, hospitals). Digital transformation and Industry 4.0 platforms are represented by GoEPIK (workflows, AR/VR, IoT, image and voice recognition, no-code) and Vidya Technology (IoT data loggers, digital twins, corrosion monitoring, selected by Vale Mining Hub 2021-03-09). Other verticals include Target Solutions (telecom network management, BiPTT push-to-talk), Tecsus (water/energy monitoring, UN Global Compact participant), Mogai (HammerHead 3D stereo camera for stockpile measurement), Myleus Tecnologia (DNA-based food safety testing), 2iM Inteligência Médica (ISO/IEC 27001:2013-certified hospital network performance), Sem Processo (Spectter legal operations), and Rockhead Studios (Starlit Adventures mobile games, acquired outright in 2017).

The business model is a standard closed-end venture capital structure: the fund raises committed capital from LPs (cotistas), deploys minority equity stakes into early-stage technology companies, supports them through governance, mentorship, and corporate-development assistance, and seeks returns via exits (IPOs, strategic acquisitions, secondary sales). Sourcing is channeled through partnerships with Brazilian technology parks and incubators, proposal submission via the fund portal, regional webinars, and ANPROTEC conferences. Management fees and any eventual carried interest form the revenue base; the fund itself is private (no public ticker), domiciled in Brazil, with the manager residing in Rio de Janeiro and select portfolio operations spanning São José dos Campos and other Brazilian technology hubs.

Name

Primatec

Legal name

PRIMATEC - Fundo de Investimentos em Participações

Website

https://fundoprimatec.com.br

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Primatec is a Brazilian closed-end venture capital fund (FIP) launched in 2015 with R$100 million in committed capital from public-sector LPs including FINEP, BNDES, Bandes, BDMG, and Fapemig. Managed by Antera, it invests in early-stage technology companies incubated in Brazilian technology parks across ICT, sustainability, energy, and healthcare.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity Fund

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Corporate Venture Capital (CVC) (FSANAAAF)

Keywords

• Venture capital fund
• Private equity investments
• Technology startup financing
• Innovation equity funding
• Incubator portfolio investments

Headquarters

HQ city

Lagoa

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Revenue model

1. Investment Returns: Primatec generates returns through equity investments in portfolio companies. The fund takes minority stakes in innovative startups and early-stage companies, seeking capital appreciation through exits via IPOs, acquisitions, or secondary sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Primatec is a Brazilian venture capital fund (Fundo de Investimento em Participações - FIP) that takes minority equity stakes in innovative, high-growth companies incubated or graduated from technology parks and incubators across Brazil. The fund provides equity capital plus strategic guidance, mentorship, networking, and governance support, targeting sectors including information and communication technology (TIC), sustainability, energy, and the creative economy.

Product overview

Primatec is a Fundo de Investimentos em Participações (Private Equity Fund) with R$ 100 million in committed capital, managed by Antera Gestão de Recursos with Brain Ventures as operational consultant, targeting innovative companies in technology parks and incubators across Brazil. The fund's portfolio spans multiple technology sectors and comprises at least 11 investee companies: Autaza Inspection System (computer vision and AI for industrial quality control), Fullface Biometric Solutions (facial recognition for airports, banks, schools, and hospitals), GoEPIK Platform (digital transformation and Industry 4.0 workflow management), Target Solutions (telecom network management software and BiPTT Push-to-Talk), Tecsus Platform (energy and water monitoring), Mogai (3D measurement for inventory and stockpiles), 2iM Inteligência Médica (healthcare performance evaluation), Vidya Technology (industrial asset integrity and digital twins), Sem Processo (Legal Operations and legaltech), Rockhead Studios (mobile game development), and Myleus Tecnologia (biotechnology and food safety DNA testing).

Differentiator

Problem solved

Functional benefit

Products and services

• Fundo Primatec Equity Participation
• Strategic Guidance and Mentorship for Portfolio Companies
• Technology Park and Incubator Network Access

Quantifiable outcome

• Reached 10th investment milestone with R$100 million committed capital

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability16 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• TechtrialsminorStrategic or Co-development Partner · 1 January 20212iM Inteligência Médica partnered with Techtrials to offer comprehensive solutions for evaluating performance of public hospital networks.
• Proper MarineminorStrategic or Co-development Partner · 1 January 2021Vidya Technology partnered with Proper Marine to launch Naval Digital Tracking for dock maintenance of ships.
• TeleSapiens EdtechminorStrategic or Co-development Partner · 1 January 2021Fullface Biometric Solutions partnered with TeleSapiens Edtech to develop a course for Municipal Driver Registry (CONDUAPP) valid for São Paulo.
• Vale (Mining Hub / M-Spot)minorStrategic or Co-development Partner · 1 January 2019Vidya Technology was selected by Vale through the Mining Hub project to develop a pilot project involving Digital Twin technology.
• Repsol Sinopec BrasilminorStrategic or Co-development Partner · 1 January 2019Mogai and Factum were contracted by Repsol Sinopec for oil exploration projects in deep waters, winning 2 of 5 innovation spots.
• ANPROTEC (Associação Nacional de Entidades Promotoras de Empreendimentos Inovadores)coreStrategic or Co-development Partner · 1 January 2015ANPROTEC partners with Primatec for ecosystem events including the annual ANPROTEC Conference, connecting the fund with technology parks and incubators.
• Brain Ventures Gestão de NegócioscoreStrategic or Co-development PartnerOperational consultant for Primatec, founded in Rio de Janeiro. Works to connect entrepreneurs with venture capital and generate lasting, valuable businesses.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Kaszek Ventures: Latin America's largest venture capital firm, investing in early- and growth-stage technology companies across the region. Directly comparable as a Brazil-anchored VC fund with institutional LPs and a portfolio spanning fintech, SaaS, and deep tech.
• Monashees: Brazilian early-stage venture capital firm backing technology-enabled businesses. Comparable to Primatec as a Brazil-focused VC fund investing in early-stage tech startups, though with broader stage range and larger fund size.

Direct peers

• Canary (formerly 21212): Brazilian early-stage VC fund backing tech startups with high growth potential. Comparable to Primatec in early-stage Brazil-only focus and similar fund size, though typically pre-seed and seed stages.
• Valor Capital Group: US-Brazil cross-border venture firm investing in technology companies across the Americas. Comparable to Primatec in Brazil tech focus and stage, but adds a US go-to-market angle Primatec lacks.
• Bossa Nova Investimentos: Brazilian early-stage VC fund focused on technology startups. Closely comparable to Primatec given similar early-stage focus, Brazil-only mandate, and institutional LP base, with broader sector coverage.
• Atlantico: Latin American VC fund investing in early- and growth-stage technology companies across Brazil and other LatAm markets. Comparable as a regional early-stage VC peer with similar institutional backing profile.
• Antera Gestão de Recursos: The fund manager of Primatec and one of Brazil's pioneer early-stage VC managers. Directly comparable as a Brazilian VC firm managing multiple vehicles, including Primatec, with institutional LPs.
• DNA Capital: Brazilian venture capital firm investing in deep-tech and technology-based businesses. Highly comparable to Primatec given deep-tech, science-based investment focus aligned with FINEP-style mandate.

Emerging players

• Quasar Capital: Brazilian VC fund with a portfolio spanning industrial tech, AI, and IoT — themes that overlap with Primatec's industrial AI/IoT holdings (Autaza, Vidya, Mogai). Comparable on thematic overlap rather than fund size.

Others

• ABVCAP (Brazilian Private Capital Association): Industry association representing Brazil's PE/VC industry. Comparable as ecosystem participant where Primatec was announced at the ABVCAP Congress 2015; relevant for benchmarking fund structures and LP relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments11 records

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

Frequently asked questions about Primatec