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The Venture Codex

Overview

Supporting early-stage Latin American entrepreneurs and startups.

Founded

2021

Deals · 12mo

1

Stage focus

Seed
Series A

Geographic focus

Argentina
Brazil
United States

Sector focus

—

Investment portfolio

8rounds
NAMEDATESIZE
Stay
Oct 2026Participated
$6 MSeries A
NG.CASH
Aug 2025Participated
$27 MSeries B
Neofin
Feb 2025Participated
$7 MSeed
Patagon AI
Nov 2024Led
$1 MOther Equity
Stay
Oct 2024Participated
$3 MSeed
NG.CASH
May 2024Participated
$13 MSeries A
Aravita
Mar 2023Led
$3 MOther Equity
OYE
Sep 2022Participated
$4 MSeed
Stay
Oct 2026Participated
$6 MSeries A
NG.CASH
Aug 2025Participated
$27 MSeries B
Neofin
Feb 2025Participated
$7 MSeed
Patagon AI
Nov 2024Led
$1 MOther Equity
Stay
Oct 2024Participated
$3 MSeed
NG.CASH
May 2024Participated
$13 MSeries A
Aravita
Mar 2023Led
$3 MOther Equity
OYE
Sep 2022Participated
$4 MSeed
8
Items
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Insights

Time horizon

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Deal Distribution

17Sigma: 8 funding rounds are recorded in the selected participation categories.All available history.
17Sigma: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed03
Series A02
Series B01
Other Equity20

Monthly Deal Activity

17Sigma: 8 deals are recorded across 50 months.All available history.
17Sigma: 8 deals are recorded across 50 months. All available history
MonthDeals
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '241
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

17Sigma: Fintech is the largest displayed sector by deal count (5 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

17Sigma: Fintech is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Fintech5
Networks, Cloud & Communication3
Enterprise Software3
Health & Life Sciences3
AI & Machine Learning3
Marketing & Advertising1
Food & Agriculture1
Professional Services1

Deal Size Distribution

17Sigma: 8 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

17Sigma: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M2
$10M-$25M1
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

17Sigma: Brazil has the largest recorded deal count among the displayed regions (6 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

17Sigma: Brazil has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
Brazil6
United States1
Argentina1
17Sigma: 20 co-investors are shown, with Andreessen Horowitz sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

17Sigma: Led accounts for 25% and participating for 75% of round participation.All available history.
17Sigma: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led225%
Participating675%
17Sigma: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
17Sigma: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led2100%

Team

Bianca Sassoon

Managing Director

Francisco Cappelletti

Senior Associate

Lucas Santos

Associate

Luke Mohadeb

Principal