Cedro Capital is selected among the best Venture Capital Fund managers
July 1, 2022

Company that supports high-potential entrepreneurs to scale their business is a finalist in the FILASA award

Focused entrepreneurs with high growth power, but who do not yet have a large turnover, can find support in players prepared and biased to help and support them to get there. And they are willing to give this little help: data from the Brazilian Private Equity and Venture Capital Association show that the total capital committed by the funds has already reached R$ 153 BI, with an average growth of 28% per year.

Cedro Capital is one of the managers that believes in the entrepreneurial potential, especially of startups, an ecosystem that presents great room for scalability. Since 2016, the Brasília-based Venture Capital manager has already invested in 19 such companies, all in the Information Technology (IT) area, and has already conducted 5 exits (sales of invested companies). In addition, it launched, in the second half of 2021, the GovTech Fund, together with the manager KPTL, which aims to invest in companies that develop innovations and promote the improvement of quality and efficiency of public services.

“The Fund is the first of its kind in Latin America and one of the first in the world dedicated to investing exclusively in GovTechs, which are those companies that solve pains in topics such as health, education, urban mobility, smartcities, citizenship, and regulatory, among other topics that will be the focus of the Fund. We are in the fundraising phase, with the goal of reaching R$200 million to invest in about 30 technology startups dedicated to the transformation of Brazilian public services,” explains Cedro Capital’s partner-director, Alessandro Machado. “We already have the participation of shareholders such as Multilaser, a Brazilian electronics manufacturer, and the development agencies Agerio and Badesul with contributions focused on the mission of stimulating entrepreneurship and innovation.

The result of the performance, the way of working, the transparency and the results, already obtained with its first Venture Capital fund, made Cedro Capital a finalist in the Best Investment Advisorsof the third edition of the FILASA award, an event in the national scenario that brings together the legal and financial sectors for the development of business and investments. Launched in 2020, FILASA is the only event in the Brazilian scenario that brings together these two strategic audiences.

“We are very happy to be among the finalists in the category. This shows that our work has been going well, that we are getting it right and turning dreams into business, generating jobs, income, and possibilities,” says Machado. The name of the winners will be revealed on June 28, in a ceremony in São Paulo.

In search of scalable business

Investing in startups is good business. The ecosystem grows and always aims to go further. In Brazil, in 2021, more than R$53 billion was invested in Venture Capital and Private Equity, an all-time investment record.