Questum
Questum is a Brazilian M&A advisory firm founded in 2019 that provides buy-side and sell-side M&A advisory, strategy consulting, and capital-raising services exclusively to technology companies and startups, delivered through partner-led engagements from offices in Florianópolis and São Paulo.
- Company typePrivate
- Founded2019
- HeadquartersSão Paulo, Brazil
- Headcount—
- GTM typeB2B
- OfferingServices
What Questum does
Questum is a Brazilian M&A advisory firm founded in 2019 and headquartered in Florianópolis, Santa Catarina, with a secondary office in São Paulo's Vila Olímpia district. Operating as a B2B professional services firm under the legal entity Questum Consultoria LTDA (CNPJ 24.158.423/0001-00), it specializes in supporting technology entrepreneurs and companies across their growth, capitalization, and M&A journey — including national and international transactions on both buy-side and sell-side. The firm is positioning itself as Brazil's first advisory boutique dedicated exclusively to technology-sector M&A.
The firm's core revenue streams are three professional-services engagements: M&A Advisory (with distinct products for companies with and without an existing acquisition offer), Strategy Advisory (governance, growth acceleration, long-term planning), and Capital Raising & Consolidation Advisory. There is no proprietary software platform; deliverables are advisory in nature. Supporting these are content and tooling products — the Better Deals podcast, The Guideline weekly newsletter, the M&A Deals Report (tracking 245 Brazilian tech transactions in 2025), the Buy-side Report, and the Fundraising Canvas strategic-planning template — which function as top-of-funnel marketing and thought-leadership assets.
Questum employs a sales-led, partner-led go-to-market model, with founders engaging clients directly through founder-to-founder relationships. The four named partners — Rafael Assunção (Managing Partner), Anderson Wustro (Senior Partner), Leopoldo de Lima (Partner; ex-M&A Director at Afya), and Guilherme Tossulino (Partner; ex-Strategy and M&A Director at Softplan) — bring direct operator and transaction experience. The firm is privately held by its partners with no disclosed external institutional investment, has cumulatively completed over R$ 2 billion in transaction value across 100+ M&A deals, and maintains a self-reported ecosystem of 5,000+ connections. Pricing is quote-based and not publicly disclosed.
Questum firmographics
Firmographics- Name
- Questum
- Legal name
- Questum Consultoria LTDA
- Website
- https://questum.com.br
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Short description
- Questum is a Brazilian M&A advisory firm founded in 2019 that provides buy-side and sell-side M&A advisory, strategy consulting, and capital-raising services exclusively to technology companies and startups, delivered through partner-led engagements from offices in Florianópolis and São Paulo.
- Ownership category
- akta.pro rank
Questum industry classification
Industry- Product category
- M&A Advisory Services
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- M&A Advisory (Buy-Side & Sell-Side) (BPAHAOAA)
- akta.pro secondary industries
- Sell-Side M&A Advisory (FSAEAGAA), Buy-Side M&A Advisory (FSAEAGAB), Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG)
Keywords
Where Questum is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices2 records
Markets served
Questum business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Others
Revenue model
- M&A Advisory Services: Advisory fees for buy-side and sell-side M&A transactions, including deal structuring, due diligence preparation, negotiation support, and transaction execution for technology companies.
- Strategy Advisory: Ongoing strategic advisory services for companies seeking to accelerate growth, improve governance, and structure long-term strategy.
- Capital Raising Advisory: Advisory services for companies seeking fundraising and capital consolidation, including investor matching and fundraising process structuring.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Questum product offering
Product offeringCore offering
Questum is an M&A advisory firm that supports Brazilian technology entrepreneurs and companies across their growth, capitalization, and M&A journey. The firm delivers buy-side and sell-side M&A advisory, strategic advisory for governance and growth acceleration, and capital raising and market consolidation advisory. Engagements are led by senior founding partners with direct experience as entrepreneurs, investors, mentors, and operators in the Brazilian tech ecosystem, supported by proprietary market intelligence from tracking all public Brazilian tech M&A transactions.
Product overview
Questum is an M&A advisory firm (assessoria) specializing in technology companies and startups in Brazil. The company offers a unified portfolio of advisory services rather than a software product platform. Core offerings include M&A Advisory (with variants for companies with and without existing buyer interest), Strategy Advisory, and Fundraising & Consolidation Advisory. Supporting these core services are content and research products: the Better Deals Podcast (interviews with M&A leaders), The Guideline weekly newsletter, and proprietary research reports including the M&A Deals Report and Buy-side Report. Additionally, Questum offers the Fundraising Canvas, a strategic planning tool for tech companies preparing for capital raises.
Differentiator
Problem solved
Functional benefit
Brands
- Better Deals: Podcast focused on M&A leadership conversations in Brazil
- The Guideline
- Fundraising Canvas
Products and services
- Assessoria em M&A End-to-end M&A advisory for technology companies and startups, covering buy-side and sell-side support, valuation, due diligence preparation, negotiation, and deal execution for both national and international transactions.
- Assessoria em Estratégia Strategic advisory for technology companies seeking to accelerate growth, improve governance, and structure long-term business strategy.
- Assessoria em Captação e Consolidação Advisory for technology companies seeking to consolidate the market through acquisitions and raise capital, guiding entrepreneurs through the full success journey.
Quantifiable outcome
- R$ 2 billion in completed transactions
- +2 more outcomes
Companies that use Questum
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Questum technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Questum partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Investidores.vcminorJoint launch of an exclusive M&A immersion program with Investidores.vc, combining Questum's M&A advisory expertise with Investidores.vc's investor network for a specialized training offering.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Questum competitors and assessment
Company assessmentBroad incumbents
- BTG Pactual: BTG Pactual is Brazil's largest investment bank with a growing tech M&A practice. While not a specialist boutique, it serves the upper end of Brazilian tech M&A mandates and competes with Questum for sell-side engagements on larger transactions where balance sheet and capital markets capabilities matter.
- Itaú BBA: Itaú BBA is the investment banking arm of Itaú Unibanco and a leading Brazilian M&A advisor. It offers tech M&A advisory as part of a broader full-service platform, competing with Questum on mid-to-large transactions where clients value established bank relationships and balance sheet support.
Direct peers
- EBITDA Capital: EBITDA Capital is a Brazilian M&A advisory firm focused on technology and growth companies. It competes directly with Questum for buy-side and sell-side mandates in the Brazilian tech ecosystem, with comparable boutique positioning and similar founder-led engagement model.
- 23S Capital: 23S Capital is a Brazilian independent investment bank providing M&A advisory and corporate finance services to middle-market and tech-enabled companies. It competes with Questum for tech M&A mandates in the Brazilian market with similar mid-market positioning.
- Trígono Capital: Trígono Capital is a Brazilian investment bank providing M&A advisory, capital raising, and restructuring services to middle-market companies, including the technology sector. It directly competes with Questum for Brazilian tech M&A mandates.
- YVY Capital: YVY Capital is a Brazilian advisory firm providing M&A and strategic services to technology companies. It is a direct competitor to Questum in the same vertical niche, with comparable boutique structure and founder-led engagement model targeting Brazilian tech startups and growth companies.
Regional players
- Hampleton Partners: Hampleton Partners is an international tech M&A advisory boutique headquartered in Europe. While operating in a different geography than Questum, it offers comparable technology-specialist M&A advisory services to growth-stage tech companies, making it a relevant peer for benchmarking business model and approach.
- Clipperton: Clipperton is a global tech-focused M&A advisory boutique based in Europe. Although it operates in a different geography than Questum, it serves a comparable client profile of growth-stage technology companies and is relevant for benchmarking international tech M&A advisory best practices.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Questum social profiles
Digital presenceQuestum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Questum leadership team
Management profileNumber of profiles
Profiles4 records
Questum funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Questum M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Questum
What does Questum do?
Questum is an M&A advisory firm that supports Brazilian technology entrepreneurs and companies across their growth, capitalization, and M&A journey. The firm delivers buy-side and sell-side M&A advisory, strategic advisory for governance and growth acceleration, and capital raising and market consolidation advisory. Engagements are led by senior founding partners with direct experience as entrepreneurs, investors, mentors, and operators in the Brazilian tech ecosystem, supported by proprietary market intelligence from tracking all public Brazilian tech M&A transactions.
Is Questum a public or private company?
Questum is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Questum founded?
Questum was founded in 2019.
Where is Questum based?
Questum is headquartered in São Paulo, Brazil, in the Latin America region.
How does Questum make money?
Three revenue lines are on record. M&A Advisory Services are the primary driver. The others are strategy Advisory and capital Raising Advisory.
Who are Questum's main competitors?
Broad incumbents on record are BTG Pactual and Itaú BBA. Direct peers are EBITDA Capital, 23S Capital, Trígono Capital and YVY Capital. Regional players are Hampleton Partners and Clipperton.
Does Questum have an API?
No public API is recorded for Questum.
What industry is Questum in?
Questum's product category is M&A Advisory Services. Its primary akta.pro industry code is BPAHAOAA, M&A Advisory (Buy-Side & Sell-Side), with a secondary code of FSAEAGAA, Sell-Side M&A Advisory. Its SIC code is 8742.