10b

What 10b does

10b Partners is a Brazil-based private equity fund manager specializing exclusively in sustainable agribusiness and food chain investments. Founded in 2019 as a vertical within Tarpon, the firm became fully independent in early 2025 and now manages approximately R$800 million (~US$160 million) in assets, with one-third of AUM held as partner capital. The firm targets institutional investors, family offices, and qualified Brazilian investors, and is regulated by CVM and ANBIMA, is a signatory to the UN Principles for Responsible Investment, and aligns its investment thesis with UN Sustainable Development Goals 2, 3, 8, and 13.

The portfolio comprises six companies spanning the agricultural value chain: Agrivalle (biological crop protection), True Source (premium vitamins and supplements), Rehagro (agricultural education and consulting), Seedz (digital agriculture platform with data, traceability, credit, and loyalty services), Rúmina (AI-powered precision livestock solutions for dairy), and Kepler Weber (grain storage infrastructure, held 2019–2024 and exited). Portfolio companies leverage proprietary biological inputs, SaaS platforms, and AI-driven capabilities — most notably Rúmina's conversational AI on WhatsApp, which drove a record in new user acquisition in late 2025. Combined disclosed portfolio investments exceed R$1 billion.

The firm generates revenue through conventional PE economics: recurring management fees on AUM and performance-based carried interest tied to portfolio realizations. Historical returns of 41% annually since inception validate the thesis, with the Kepler Weber exit delivering over 40% annual return and a 2.5x market value appreciation. Distribution occurs via ANBIMA-regulated channels and direct LP relationships, and as of 2025–2026 the firm is actively raising a successor fund vehicle from Brazilian and foreign institutional capital.

Name

10b

Legal name

10b

Website

https://10b.com.br

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

10b Partners is a Brazil-based private equity fund manager specializing exclusively in sustainable agribusiness and food chain investments, managing approximately R$800 million across six portfolio companies for institutional and qualified investors.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

Keywords

• Sustainable agribusiness investing
• Private equity fund management
• Food chain investments
• Brazil-focused ESG funds
• Agricultural venture capital

Headquarters

HQ city

Brasil

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, Others

Revenue model

1. Fund Management Fees: Traditional private equity management fee structure on assets under management. One-third of AUM is partner capital.
2. Carried Interest / Performance Fees: Performance-based carried interest from successful portfolio company exits. Historical returns of 41% annually validating the investment thesis.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

10b Partners is a Brazil-based private equity fund manager that raises capital from institutional investors, family offices, and qualified investors to invest in sustainable agribusiness and food chain companies. The firm manages approximately R$800 million in assets, deploys growth capital into a portfolio spanning biological crop protection, nutritional supplements, agricultural education, digital agriculture platforms, and AI-powered precision livestock solutions, and supports portfolio companies operationally as long-term partners.

Product overview

10b Partners is a private equity fund manager offering a unified investment platform focused exclusively on sustainable agribusiness and food chain investments in Brazil. The core offering is the 10b investment management vehicle, which manages approximately R$800 million in assets across multiple portfolio companies including Agrivalle (biological crop protection), True (vitamins and supplements), Rehagro (agricultural education), Seedz (digital agriculture platform), and Rúmina (AI-powered precision livestock). The portfolio companies operate across the agribusiness value chain from biological inputs to food supplements, unified by the thesis of increasing efficiency while contributing to sustainable food systems for 10 billion people.

Differentiator

Problem solved

Functional benefit

Products and services

• 10b Investment Management

Quantifiable outcome

• 41% annual return since 2019
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Itaú BBAminorStrategic or Co-development Partner · 1 January 2025Co-developed a sustainability course for agribusiness with Rehagro. Joint initiative combining Itaú BBA's financial services with Rehagro's agricultural education expertise.
• United Nations (SDG Alignment)coreOthersCommitted to UN Sustainable Development Goals 2, 3, 8, and 13. Alignment with UN's food security, health, economic growth, and climate action objectives.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• SP Ventures: Brazilian venture capital firm specializing exclusively in agtech. Directly comparable to 10b as a sector-specialist investor in Brazilian agricultural technology and sustainable agriculture, with overlapping portfolio themes (biologicals, digital platforms) and similar LP base.
• Barn Investimentos: Brazilian private equity firm focused on agribusiness investments. Direct comparable to 10b's agribusiness PE strategy; co-invested alongside 10b in Rúmina (R$25M round in 2022), evidencing overlapping deal flow and thesis alignment.
• Vox Capital: Brazilian impact venture capital firm investing in businesses addressing social and environmental challenges. Comparable to 10b as a Brazil-based, ESG-aligned investor that co-invested R$85M into Seedz in 2024.
• Paine Schwartz Partners: Global private equity firm exclusively focused on sustainable food and agribusiness value chain investments. Direct comparable to 10b in terms of sector-specialist strategy, ESG thesis, and value creation playbook, though operating at materially larger scale globally.
• AMERRA Capital Management: Private equity and private credit manager focused on agriculture, aquaculture, and food production across the Americas and Europe. Comparable to 10b as a sector-specialist PE firm in food and agribusiness, with similar thesis of investing in production efficiency and sustainability.
• Volpe Capital: Brazilian venture capital firm that co-invested with 10b in Seedz. Comparable as a Brazilian early-to-growth stage investor with sector exposure to agribusiness and digital agriculture, addressing similar Latin American growth equity themes.
• Indicator Capital: Brazilian venture capital firm specializing in agtech investments. Directly comparable to 10b in vertical focus (agricultural technology) and Brazilian geographic mandate; co-invested alongside Barn in Rúmina in 2022.

Broad incumbents

• Tarpon (SK Tarpon): Former parent company of 10b until 2025 spin-off. Brazilian multi-strategy private equity firm with broader sector exposure beyond agribusiness. Comparable as a Brazilian PE incumbent whose history is intertwined with 10b's founding and investment portfolio.
• BTG Pactual: Major Brazilian investment bank and alternative asset manager with broad sector exposure. Adjacent comparable to 10b as a Brazilian financial institution with agribusiness vertical capabilities and strategic partnerships (e.g., Itaú BBA-Rehagro sustainability course), but at vastly larger and more diversified scale.

Emerging players

• Alexia Ventures: Brazilian venture capital firm focused on agribusiness and food tech. Comparable to 10b as a fellow Brazilian sector investor; led Seedz's Series A round alongside 10b, evidencing overlapping investment themes and networks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments5 records

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

Frequently asked questions about 10b