15 seed funds back São Paulo startups in 2026. Brazil has Latin America's deepest seed scene. Funds raised fresh money last year, and they lead the first big round.
Seed funds come after the angels and write the first big cheque, and in São Paulo they lead Latin America at the seed stage with a wave of new funds that closed in 2025. Most lead the round and take a board seat, backing you on early proof rather than years of revenue.
Fintech still leads the stage while AI climbs fast behind it, so the bar for a meeting keeps shifting toward sharper traction. Seed rounds move quickly on tight data, and Ellty keeps your files in one tracked room so you always know who is reading.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Canary | Institutional seed VC | US$0.5M-$3M | Fintech, health, consumer, SaaS | canary.com.br |
| Maya Capital | Seed VC | US$0.5M-$3M | Fintech, consumer, marketplaces | maya.capital |
| ABSeed Ventures | B2B SaaS seed VC | Low single-digit US$M | B2B SaaS, fintech, AI | abseed.com.br |
| DOMO.VC | Seed VC | US$0.5M-$2M | Enterprise, consumer, fintech | domo.vc |
| Honey Island by 4UM | Fintech seed VC | US$200K-$1M | Fintech, B2B SaaS | honeyisland.capital |
| Atlantico | Multi-stage VC | US$0.5M-$5M | Fintech, SaaS, marketplaces | atlantico.vc |
| Iporanga Ventures | Fintech seed VC | US$0.5M-$2M | Fintech, embedded finance | iporanga.vc |
| Astella Investimentos | Early-stage VC | Low single-digit US$M | SaaS, marketplaces, AI | astella.com.br |
| NXTP Ventures | B2B seed VC | US$0.5M-$5M | Cloud, fintech, B2B | nxtp.vc |
| Wayra Brasil | Corporate seed fund | US$150K-$5M | Telecom-adjacent, fintech, health | wayra.com |
| Darwin Startups | Accelerator and seed | US$200K-$1.5M | Sector-agnostic early tech | darwinstartups.com |
| Quona Capital | Global fintech seed VC | US$1M-$5M | Fintech, financial inclusion | quona.com |
| Latitud | Pre-seed and seed VC | First-cheque size | Broad LatAm tech | latitud.com |
| Bossa Invest | Micro-VC | ~US$0.6M average | B2B SaaS, applied tech | bossainvest.com |
| Bertha Capital | Seed VC | ~US$1M average | AI, fintech, retail tech | Sao Paulo seed VC |
Keep your seed data room ready for every fund
Seed funds dig into your numbers before they lead. Ellty logs every view so you know who is serious before the call.
Start free 14-day trialWhat a seed investor backs
A seed fund backs early real traction and wants a first signal that genuinely works, not a finished business. They lead the round and set the terms, and most take a board seat alongside the cheque.
They look for a market that is big enough to matter, and most run a real venture capital check before they commit. Ellty gives each fund one tracked link, so you can see exactly who read your deck first and where they lingered.
The opportunity is still immense. As a region, we have all the ingredients: strong technical talent, ambition, resilience, and massive opportunities.
15 São Paulo seed investors
1. Canary
Canary is a leading first-cheque seed fund.
Recent Activity: Launched a US$150M fund in 2025
LinkedIn: Canary LinkedIn
Sector Focus: Fintech, health, consumer, SaaS
Stage Focus: Pre-seed, seed
Check Size: US$0.5M-$3M
Location: São Paulo
Website: canary.com.br
2. Maya Capital
Maya led fintech Lerian's seed round.
Recent Activity: Led fintech Lerian's US$3.1M round
LinkedIn: Maya Capital LinkedIn
Sector Focus: Fintech, consumer, marketplaces
Stage Focus: Seed, Series A
Check Size: US$0.5M-$3M
Location: São Paulo
Website: maya.capital
3. ABSeed Ventures
ABSeed raised a fund for B2B SaaS founders.
Recent Activity: Raised a US$30M B2B SaaS fund
LinkedIn: ABSeed Ventures LinkedIn
Sector Focus: B2B SaaS, fintech, AI
Stage Focus: Seed
Check Size: Low single-digit US$M
Location: São Paulo
Website: abseed.com.br
4. DOMO.VC
DOMO.VC backs early Brazilian tech founders.
Recent Activity: Holds about 105 portfolio firms
LinkedIn: DOMO.VC LinkedIn
Sector Focus: Enterprise, consumer, fintech
Stage Focus: Seed, Series A
Check Size: US$0.5M-$2M
Location: São Paulo
Website: domo.vc
5. Honey Island by 4UM
Honey Island runs a fintech-focused seed fund.
Recent Activity: Runs a R$100M fintech fund
LinkedIn: Honey Island LinkedIn
Sector Focus: Fintech, B2B SaaS
Stage Focus: Pre-seed, seed
Check Size: US$200K-$1M
Location: Curitiba
Website: honeyisland.capital
6. Atlantico
Atlantico backed Akua in a 2025 seed round.
Recent Activity: Backed Akua in a 2025 seed round
LinkedIn: Atlantico LinkedIn
Sector Focus: Fintech, SaaS, marketplaces
Stage Focus: Seed to growth
Check Size: US$0.5M-$5M
Location: São Paulo
Website: atlantico.vc
Share one link with every São Paulo seed fund
Ellty shows when a fund opens your deck. Follow up at the right moment, not days later.
Start free 14-day trial7. Iporanga Ventures
Iporanga backs the future of finance.
Recent Activity: Backs the future of finance
LinkedIn: Iporanga Ventures LinkedIn
Sector Focus: Fintech, embedded finance
Stage Focus: Pre-seed, seed
Check Size: US$0.5M-$2M
Location: São Paulo
Website: iporanga.vc
8. Astella Investimentos
Astella led payments firm Destaxa's round.
Recent Activity: Led payments firm Destaxa's round
Sector Focus: SaaS, marketplaces, AI
Stage Focus: Pre-seed to Series A
Check Size: Low single-digit US$M
Location: São Paulo
Website: astella.com.br
9. NXTP Ventures
NXTP closed a fund for B2B founders.
Recent Activity: Closed a US$98M B2B fund
Sector Focus: Cloud, fintech, B2B
Stage Focus: Pre-seed to Series A
Check Size: US$0.5M-$5M
Location: Pan-LatAm
Website: nxtp.vc
10. Wayra Brasil
Wayra is Telefónica's Brazilian venture arm.
Recent Activity: Backed health startup Omni Saúde
Sector Focus: Telecom-adjacent, fintech, health
Stage Focus: Pre-seed to Series A
Check Size: US$150K-$5M
Location: São Paulo
Website: wayra.com
11. Darwin Startups
Darwin runs an accelerator and seed fund.
Recent Activity: Raised a R$100M pre-seed fund
Sector Focus: Sector-agnostic early tech
Stage Focus: Pre-seed, seed
Check Size: US$200K-$1.5M
Location: Florianópolis
Website: darwinstartups.com
12. Quona Capital
Quona backs fintech across Brazil from abroad.
Recent Activity: Ran a 2026 Brazil fintech trek
Sector Focus: Fintech, financial inclusion
Stage Focus: Seed, Series A
Check Size: US$1M-$5M
Location: Washington DC
Website: quona.com
13. Latitud
Latitud writes first cheques across LatAm.
Recent Activity: First cheques across LatAm
Sector Focus: Broad LatAm tech
Stage Focus: Pre-seed, seed
Check Size: First-cheque size
Location: São Paulo
Website: latitud.com
14. Bossa Invest
Bossa is LatAm's most active early fund.
Recent Activity: LatAm's most active early fund
LinkedIn: Bossa Invest LinkedIn
Sector Focus: B2B SaaS, applied tech
Stage Focus: Pre-seed, seed
Check Size: ~US$0.6M average
Location: São Paulo
Website: bossainvest.com
15. Bertha Capital
Bertha backs AI, fintech, and retail tech.
Recent Activity: Backs AI, fintech, and retail tech
Sector Focus: AI, fintech, retail tech
Stage Focus: Seed
Check Size: ~US$1M average
Location: São Paulo
Website: Sao Paulo seed VC
How São Paulo seed works
Most LatAm seed money sits here, and São Paulo leads the region as funds raised fresh capital in 2025 and write the first big cheque. Local investors join most rounds, and new startups are now raising faster than they did a year ago.
Most funds lead the round and take a board seat, joining the company early rather than waiting for later stages. Ellty keeps your seed data ready for every conversation, and you can read our São Paulo angel investors guide for the round that comes before this one.
Where the seed money goes
Fintech still leads the seed stage with AI rising fast behind it, while B2B SaaS keeps drawing steady cheques and consumer has cooled but still holds on. Embedded finance is pulling in fresh money, and health tech is climbing the list as founders chase new openings.
Seed files hold private numbers, so lock them down with granular permissions before you start sharing. Ellty logs who opened each file, and you stay in control of exactly what each fund gets to see.
From seed to a Series A
A seed round buys you the time to grow, while a Series A wants real traction and a clear path that the numbers already support. Keep a tight pitch deck for funds and show the metrics that matter, then read our due diligence for investors guide so you know what each fund will ask.
A clean data room speeds the whole round, so have it ready before the first call rather than scrambling afterward. Learn how to prepare for due diligence early, and Ellty will log who opened each file and exactly when they did it.
How to pitch a seed investor
Lead with traction that is real.
- 1.Lead with traction that is real.Open with numbers that move and prove demand is already there. Funds read past the story fast, so let early traction carry the first slide.
- 2.Show the market is big enough.Seed funds want a large prize, so size the market they could win if you succeed. Make the path from your niche to that bigger opportunity feel concrete and reachable.
- 3.Share one Ellty link to your data.Send a single trackable link instead of scattered attachments across email threads. You keep one source of truth and can see who opens each file inside it.
- 4.Follow up the day a fund digs in.Ellty shows you the moment a partner starts reading your deck in detail. Reach out while you are still top of mind rather than days after the interest has faded.
How Ellty helps you land a seed investor in São Paulo
You've shortlisted your São Paulo seed funds already. Set up a data room before the first call.
- 1.Upload your deck, metrics, and plan.Set access per fund or partner.
- 2.Share one trackable link with each fund.Each fund gets its own link.
- 3.Watch opens and follow up on time.Use analytics to time each nudge.
São Paulo seed investor questions
- Funds like Canary, Maya, and ABSeed. Bossa backs many too.
- Most run US$0.5M to US$3M. Larger rounds reach US$5M.
- Yes, it leads Latin America. Funds raised fresh money in 2025.
- Angels write the first small cheque. Seed funds lead the bigger round.
- Real traction and a big market. A clear plan to a Series A.
- Before your first seed call. Track who opens your deck.
