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The Venture Codex

Canary

Avenida Brigadeiro Faria Lima, 3355, 20th floor, São Paulo, SP, 04538-133, Brazil

Overview

First institutional investors supporting Latam's top founders.

Founded

2016

Deals · 12mo

14

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Brazil
United States

Sector focus

Venture Capital

Investment portfolio

65rounds
NAMEDATESIZE
Settle
Sep 2026Led
$3 MSeed
Bull
Sep 2026Participated
$4 MSeed
Caju
Jul 2026Led
$3 MSeed
Telepatia AI
Jun 2026Participated
$33 MSeries A
Karta
Jun 2026Participated
$140 MDebt
Robbin
May 2026Led
$108 MDebt
Inner AI
Apr 2026Led
$6 MSeed
Bliss
Mar 2026Participated
$11 MSeries A
Comp
Feb 2026Participated
$17 MSeries A
Revena
Feb 2026Participated
$8 MSeed
Magie
Jan 2026Participated
$5 MOther Equity
Bull
Nov 2025Led
$2 MSeed
Settle
Sep 2026Led
$3 MSeed
Bull
Sep 2026Participated
$4 MSeed
Caju
Jul 2026Led
$3 MSeed
Telepatia AI
Jun 2026Participated
$33 MSeries A
Karta
Jun 2026Participated
$140 MDebt
Robbin
May 2026Led
$108 MDebt
Inner AI
Apr 2026Led
$6 MSeed
Bliss
Mar 2026Participated
$11 MSeries A
Comp
Feb 2026Participated
$17 MSeries A
Revena
Feb 2026Participated
$8 MSeed
Magie
Jan 2026Participated
$5 MOther Equity
Bull
Nov 2025Led
$2 MSeed
65
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Insights

Time horizon

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Deal Distribution

Canary: 65 funding rounds are recorded in the selected participation categories.All available history.
Canary: 65 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1013
Series A216
Series B03
Series C+01
Other Equity810
Debt11

Monthly Deal Activity

Canary: 65 deals are recorded across 116 months.All available history.
Canary: 65 deals are recorded across 116 months. All available history
MonthDeals
Mar '171
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '191
Dec '190
Jan '200
Feb '202
Mar '201
Apr '200
May '200
Jun '200
Jul '202
Aug '201
Sep '200
Oct '200
Nov '201
Dec '200
Jan '211
Feb '210
Mar '211
Apr '210
May '210
Jun '212
Jul '211
Aug '211
Sep '210
Oct '212
Nov '212
Dec '211
Jan '222
Feb '220
Mar '223
Apr '221
May '221
Jun '220
Jul '220
Aug '222
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '231
Dec '230
Jan '241
Feb '241
Mar '240
Apr '244
May '240
Jun '240
Jul '241
Aug '240
Sep '242
Oct '240
Nov '240
Dec '241
Jan '250
Feb '252
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '253
Oct '253
Nov '251
Dec '250
Jan '261
Feb '262
Mar '261
Apr '261
May '261
Jun '262
Jul '261
Aug '260
Sep '262
Oct '260

Sector Breakdown

Canary: Fintech is the largest displayed sector by deal count (22 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.

Canary: Fintech is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
Fintech22
AI & Machine Learning18
Enterprise Software15
Health & Life Sciences13
E-Commerce & Retail11
Networks, Cloud & Communication8
Professional Services8
Cybersecurity & Privacy7
Data, Analytics & IT4
Food & Agriculture4
Real Estate & Construction3
Transportation & Logistics3
Consumer & Lifestyle3
Marketing & Advertising3
Hardware & Robotics2
Crypto & Blockchain2
Social & Community Platforms2
Developer Tools2
Education & Workforce1
Clean Energy & Sustainability1
Manufacturing1
Media & Entertainment1

Deal Size Distribution

Canary: 65 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.

Canary: 65 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M23
$5M-$10M19
$10M-$25M16
$25M-$50M5
$50M-$100M0
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Canary: Brazil has the largest recorded deal count among the displayed regions (45 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Canary: Brazil has the largest recorded deal count among the displayed regions (45 deals). All available history
RegionDeals
Brazil45
United States9
Colombia3
Mexico3
Uruguay2
Chile2
Europe1
Canary: 20 co-investors are shown, with Kaszek Ventures sharing 8 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.

Canary: 20 co-investors are shown, with Kaszek Ventures sharing 8 recorded deals. All available history
Co-investorShared deals
Kaszek Ventures8
Norte Ventures8
ONEVC8
Valor Capital Group8
FJ Labs6
Global Founders Capital6
Latitud6
Monashees6
Atlantico5
Clocktower Technology Ventures5
Caravela Capital4
Endeavor4
Picus Capital4
QED Investors4
Abstract Ventures3
Andreessen Horowitz3
Endeavor Scale-Up3
Globo Ventures3
K50 Ventures3
MAYA Capital3

Investment Strategy

Canary: Led accounts for 32% and participating for 68% of round participation.All available history.
Canary: Led accounts for 32% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led2132%
Participating4468%
Canary: Single-lead accounts for 52% and co-led for 48% of lead dynamics.All available history.
Canary: Single-lead accounts for 52% and co-led for 48% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1152%
Co-led1048%

Team

Florian Hagenbuch

Investment Partner

Izabel Gallera

Partner

Julio Vasconcellos

Co-founder, Partner

Marcos de Toledo Leite

Managing Partner & Co-founder

Mate Pencz

Investment Partner

Ofli Guimaraes

Investor

Patrick de Picciotto

Business Development Partner