Participated · Debt Financing · Apr 2026

CloudWalk, which owns the InfinitePay payments platform, focuses heavily on financing credit-card receivables for micro and small entrepreneurs. The company says its receivables financing is a core growth pillar and reported revenue of R$5,440 million last year (up 104%) and net income of R$602 million (up 90%). CloudWalk has deployed FIDC financing at scale, raising about R$20 billion since 2021 and allocating prior issuances in full; its CloudWalk Bela fund held R$7.94 billion in net assets with no delinquency at the end of March. The firm reported that more than 6 million clients had used the service by October and had previously stated it had extended over R$2 billion in loans to more than 400,000 customers in two years. In June the company obtained a new central bank license enabling an expanded range of credit products, and leadership expects the active entrepreneur base to grow from roughly 3 million to about 6.3 million by 2025.

Participated · Series A · Dec 2023

DEEP builds software and services for measurement and monitoring of ESG impacts and emissions reporting. The company sells to financial institutions and corporate clients and already serves more than 300 enterprise customers, with roughly 25% market share in the Brazilian financial-institution segment. DEEP has established commercial partnerships with TOTVS and VIBRA to gain access to broader distribution channels across Latin America. Leadership says the firm is scaling capacity and increasing investment in R&D and innovation to meet rising demand driven by new reporting standards (IFRS S1/S2) and impending carbon-market regulation. Management aims to be the leading impact-measurement company in Latin America by 2030 and target a 50% share of companies that measure and disclose emissions in Brazil.

Led · Equity · Oct 2022

Vitori Health offers a comprehensive next-generation health plan solution focused on expense reduction and increased value through evidence-driven design, payment integrity controls, member value, and guaranteed results. The company leverages proprietary technology and business processes to integrate concierge member support and advocacy, medical payment controls, preferred surgical arrangements, optimized pharmacy pricing, and employer contracting without hidden fees. Vitori’s flagship product, Fair Market Payment, enables employees to use any physicians, facilities, and hospitals while removing traditional network-associated costs for plan sponsors. Employer health plan members are in all 50 states. Led by CEO Tim O’Brien, the company intends to use new funding to accelerate growth amid increased demand from benefits advisors and employers, develop new products, and expand its Kansas City corporate headquarters.

Led · Debt Financing · Jul 2022

Neon operates a credit business focused on workers and sources receivables from credit‑card activity. The company completed a R$331 million second issuance of its Fundo de Investimentos em Direitos Creditórios (FIDC), which buys credit‑card receivables. XP Investimentos acted as lead coordinator on the offering. The raise is intended to make Neon more independent from its funding matrix and to provide capital for continued growth. FIDC Neon I, dedicated to card receivables origination, now holds more than R$1.1 billion in assets after a prior May issuance that raised R$400 million. Company leadership highlighted that the structure has matured from an initial 'family and friends' issuance to a broader market placement and emphasized the FIDC's positive management track record. Neon is a digital bank that offers credit cards, personal loans, payroll loans and other consumer credit products, and it recently launched an "elastic limit" feature for one-off purchases. The company positions itself on creating a conscious path to credit with simpler, fairer products and plans to launch additional credit solutions through the rest of the year. Neon reported more than 15 million customers and ended 2021 with a total credit portfolio of US$270 billion. The fintech has grown via strategic acquisitions (MEI Fácil, Magliano Invest, ConsigaMais+, Biorc) and strengthened its payroll loan business through purchases. Neon completed a Series D that included a US$300M investment from BBVA and a post‑round valuation of US$1.6 billion. The company was founded in 2016 and is based in São Paulo, Brazil. Neon is described as Brazil’s first digital account and one of the country’s leading fintech unicorns, focused on serving Brazilian workers. Its core product is a digital retail account and a credit stack powered by a proprietary platform called Democredit for tailored credit offers. The company plans to invest new capital in technology, marketing, product development and lending capital to accelerate its goal of becoming the primary financial partner for Brazilian workers. Neon reported rapid growth, tripling in 2021 to reach 15 million customers (88% from classes C, D and E) and moves over R$5.8 billion per month in transactions. Management expects to more than double revenue in the current year. The company has pursued strategic acquisitions (MEI Fácil, Magliano Invest, ConsigaMais+) and signed a contract to acquire the financier Biorc, pending central bank approval. Neon launched with a digital account and has expanded its product suite to include investment products, credit cards, and personal loans. The company also serves small businesses after acquiring MEI Fácil in 2019 and acquired brokerage platform Magliano Invest in July 2020 to offer additional investment products. Neon serves more than 9 million accounts across its consumer and business platforms and provides tax and payments products to around 1 million micro-entrepreneurs through MEI Fácil. The firm intends to use the proceeds to increase hiring, grow its consumer and business user base, enhance platform technology, and invest in product development. Specific plans include releasing new consumer-platform products and features (including for direct-deposit customers), rolling out additional financial services to MEI Fácil users, and scaling credit offerings to drive monetization. Neon also plans to pursue strategic M&A opportunities to further enrich its offering. Neon Pagamentos is a São Paulo, Brazil–based digital bank that provides consumer and corporate banking services via a digital platform. The company reports almost 2 million opened accounts. Neon plans to expand its product offering, including developing credit modalities and investment alternatives for customers. It will also invest in advertising and marketing campaigns, technology infrastructure, and expanding its talent base. In 2019 Neon made strategic moves to strengthen its corporate segment, including the acquisition of MEI Fácil, launching its first advertising campaign, and hiring key executives in risk and control. The company was founded in 2016 by Pedro Conrade and is led by Jean Sigrist (managing partner).

Participated · Series A · Nov 2019

Amp Robotics builds AI-powered robotic sorting systems that use cameras and robotic arms to identify and pluck recyclables from conveyor belts. The company shifted its business model from placing robots in existing plants to running entire sorting facilities as a service. Amp handles operations, maintenance, and upgrades while contracting partners handle waste sourcing, offtake of valuable materials, and disposal of non-recyclables. The company charges customers per ton of waste sorted. The decade-old company has deployed around 400 robots and operates three facilities with another in the works. Amp recently raised $91M in a Series D, a round that was slightly smaller than its prior Series C, which raised $104M per SEC filings, highlighting fundraising headwinds for mid- to late-stage startups. AMP Robotics develops AI-powered robotic sorting systems (its flagship product is AMP Cortex) to pick and reclaim plastics, cardboard, paper, cans, cartons and other packaging types. The company says Cortex can perform 80 to 120 picks per minute and its AI platform has identified over 75 billion objects to date. AMP offers a more compact AMP Cortex-C and an integrated, standalone facility offering, and also resells recyclable commodities to end-market buyers. The startup employs around 200 people and reports a robotic fleet of roughly 275 units deployed in over 100 centers, with Waste Connections as its largest customer. AMP plans to grow its secondary sortation business across three U.S. production facilities in the Denver, Atlanta and Cleveland metro areas and pursue larger fleet-wide and international deployments. The company says new capital will help scale operations, retrofit existing recycling infrastructure and build technology and team capacity for upcoming opportunities. AMP Robotics develops AI-driven computer vision and high-speed robotics systems (AMP Cortex and AMP Neuron) that identify and sort recyclables from mixed material streams. Its technology recognizes materials by color, size, shape, opacity, and brand, and can recover items as small as bottlecaps or specific items like Keurig pods. AMP has hundreds of deployments across North America, Asia, and Europe and a coast-to-coast U.S. presence spanning more than 20 states, and signed its largest contract to deploy 24 systems with Waste Connections. The company will use the new funding to scale operations, develop new AI product applications for materials recovery facilities, and support market expansion with CPG partners such as Keurig Dr Pepper to help meet recycled-content goals. AMP's technology aims to improve material quality, worker safety, productivity, and reduce costs and greenhouse gas emissions while increasing recycling rates and resource recovery. Headquartered and manufactured in Colorado, AMP positions itself as the leading provider of AI-guided robotics systems for recycling globally. AMP Robotics is a Denver-based company that builds recycling robots combining computer vision, machine learning and robotic automation to improve sorting efficiency and material quality. Its systems can identify branded packaging and are used to sort plastics, cartons, fiber and metals, with deployments across multiple U.S. states. In October the company completed a 14-robot installation at Single Stream Recyclers, the largest single deployment in the recycling industry, and its robots can sort and pick about twice as fast as people with higher accuracy. AMP has two revenue streams: a robotics-as-a-service offering and a direct sales option, and it has made installations in California, Colorado, Indiana, Minnesota, New York, Pennsylvania, Texas, Virginia and Wisconsin. The company plans to use new funding to expand manufacturing capacity, broaden its market scope and push into international markets, and it is building out reporting capabilities tied to its vision systems. AMP is also exploring applications beyond recyclables, including automotive scrap and construction waste.