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The Venture Codex

Big Bets

Rua dos Pinheiros, 623, Pinheiros, Sao Paulo, 05422-002, Brazil

Overview

Investment fund focused on software-intensive companies.

Founded

2019

Deals · 12mo

6

Links

WebsiteLinkedIn

Stage focus

Seed
Series A
Series B

Geographic focus

Brazil
Finland
Poland
United Kingdom
...

Sector focus

Venture Capital

Investment portfolio

26rounds
NAMEDATESIZE
Brendi
Jul 2026Participated
$7 MOther Equity
Elevify
Apr 2026Participated
$1 MSeed
Core AI
Mar 2026Participated
$4 MSeed
BRLA Digital
Feb 2026Participated
$17 MSeries A
Midnite
Jan 2026Participated
$35 MSeries C
FlyMedia
Dec 2025Participated
$4 MOther Equity
Cypher Games
Oct 2025Participated
$30 MSeries A
UME Financial Services
Sep 2025Participated
$22 MSeries B
Iniciador
Aug 2025Participated
$6 MOther Equity
Core AI
Jul 2025Led
$0.40 MSeed
Wasp
Apr 2025Participated
$4 MOther Equity
Midnite
Apr 2025Participated
$10 MSeries B
Brendi
Jul 2026Participated
$7 MOther Equity
Elevify
Apr 2026Participated
$1 MSeed
Core AI
Mar 2026Participated
$4 MSeed
BRLA Digital
Feb 2026Participated
$17 MSeries A
Midnite
Jan 2026Participated
$35 MSeries C
FlyMedia
Dec 2025Participated
$4 MOther Equity
Cypher Games
Oct 2025Participated
$30 MSeries A
UME Financial Services
Sep 2025Participated
$22 MSeries B
Iniciador
Aug 2025Participated
$6 MOther Equity
Core AI
Jul 2025Led
$0.40 MSeed
Wasp
Apr 2025Participated
$4 MOther Equity
Midnite
Apr 2025Participated
$10 MSeries B
26
Items
...
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Insights

Time horizon

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Deal Distribution

Big Bets: 26 funding rounds are recorded in the selected participation categories.All available history.
Big Bets: 26 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed26
Series A04
Series B04
Series C+01
Other Equity17
Debt01

Monthly Deal Activity

Big Bets: 26 deals are recorded across 66 months.All available history.
Big Bets: 26 deals are recorded across 66 months. All available history
MonthDeals
May '211
Jun '210
Jul '210
Aug '211
Sep '211
Oct '211
Nov '211
Dec '210
Jan '220
Feb '221
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '232
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '242
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '241
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '252
May '250
Jun '250
Jul '251
Aug '251
Sep '251
Oct '251
Nov '250
Dec '251
Jan '261
Feb '261
Mar '261
Apr '261
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Big Bets: Fintech is the largest displayed sector by deal count (11 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.

Big Bets: Fintech is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Fintech11
AI & Machine Learning8
Networks, Cloud & Communication7
Enterprise Software6
E-Commerce & Retail5
Gaming & eSports4
Media & Entertainment3
Travel & Hospitality2
Consumer & Lifestyle2
Crypto & Blockchain2
Food & Agriculture2
Developer Tools2
Education & Workforce1
Transportation & Logistics1
Health & Life Sciences1
Social & Community Platforms1

Deal Size Distribution

Big Bets: 26 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.

Big Bets: 26 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M13
$5M-$10M4
$10M-$25M3
$25M-$50M5
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B1
$1B+0

Deals By Geography

Big Bets: Brazil has the largest recorded deal count among the displayed regions (11 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Big Bets: Brazil has the largest recorded deal count among the displayed regions (11 deals). All available history
RegionDeals
Brazil11
Europe8
United States6
276031
Big Bets: 20 co-investors are shown, with Norte Ventures sharing 5 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.

Big Bets: 20 co-investors are shown, with Norte Ventures sharing 5 recorded deals. All available history
Co-investorShared deals
Norte Ventures5
Play Ventures4
Raine Ventures3
Valor Capital Group3
Alter Global2
Andreessen Horowitz2
Discerning Capital2
FJ Labs2
Globo Ventures2
Kaszek Ventures2
NFX2
PayPal Ventures2
Y Combinator2
14B1
17Sigma1
468 Capital1
Accel1
Actyus1
Alexia Ventures1
Angel Invest1

Investment Strategy

Big Bets: Led accounts for 12% and participating for 88% of round participation.All available history.
Big Bets: Led accounts for 12% and participating for 88% of round participation. All available history
CategoryDeals (count)Share (%)
Led312%
Participating2388%
Big Bets: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Big Bets: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Alexandre Mello

Founder & Partner