The Venture Codex

Participated · Series A · Feb 2026

Founded in 2022 by Matheus Moura and Leandro Noel, Avenia (legally BRLA Digital LTD) offers a turnkey, regulated infrastructure layer for businesses that want to add cross-border payments and stablecoin functionality. Its white-label platform supports multi-currency accounts in BRL, USD, and EUR, delivers instant settlement via stablecoins, and supplies centralized reporting tools that integrate directly with Brazil’s Central Bank and Federal Revenue Service. By handling the regulatory burden and technical complexity, Avenia enables clients to launch international payment and crypto-related products faster and more cheaply. The company touts a fully compliant architecture and provides APIs, account management, and reconciliation dashboards as part of its SaaS suite. Fresh capital will be used to deepen product capabilities and scale operations across Latin America and into the United States. Although no revenue or user metrics were disclosed, management positions the firm as a critical financial infrastructure provider for regional fintechs and enterprises.

Participated · Series A · Sep 2025

Founded in 2019, Infleet builds an IoT-based fleet-management platform that connects vehicles, drivers, and managers in real time. Its suite includes video telematics, a virtual assistant for fleet managers, and what it calls the first fines-management module integrated with telematics worldwide. These tools provide continuous driver feedback, incident detection, and data analytics to cut costs and accident rates while improving operational visibility. The company recently introduced an “Intelligent Copilot” model designed to further reduce accidents, lower fuel and maintenance expenses, and foster more sustainable fleet operations. Infleet reports having grown 50× since inception and logged 120% growth in 2024, a trajectory it expects to sustain through 2026. Management positions the business as a life-saving and culture-shaping technology provider for corporate fleets, aiming to translate its rapid growth into market leadership across Latin America.

Participated · Series A · Apr 2024

Lexter.ai offers a proprietary AI platform, combining internally trained models with external LLMs (e.g., ChatGPT, Google’s Gemini, Anthropic’s Claude) to interpret, draft and strategize legal documents and petitions. The product — built by a 35-person team of technologists and lawyers — evolved from contract-analysis tools used in due diligence to a broader assistant that can write juridical drafts and provide legal fundamentation. The company is shifting to a freemium model to attract small law firms, with paid tiers and plans starting at R$99 (previously R$5,000). Lexter reports a current base of about 1,000 users and aims for 20,000 users and 3,500 paying customers by year-end. In 2023 the startup posted 300% revenue growth year-over-year and projects growth up to nine times with the new moves. Lexter is also launching an institute to produce content, events and university partnerships to increase adoption among lawyers.

Participated · Series A · Aug 2023

Praso operates a B2B distribution platform connecting large foodservice manufacturers with small retailers — bars, restaurants, cafés and bakeries — and provides data-driven demand generation, last-mile logistics and a credit solution. Founded in 2021 and headquartered in Recife, the company works with 120 supply partners and 7,500 merchants across four metro areas. Praso originally bought inventory from suppliers to resell to merchants but is shifting toward offering fulfillment services where it runs logistics for manufacturers and monetizes logistics, demand generation and marketplace customer acquisition. The company grew revenue 7x over the past year, became contribution profit positive in 2023, and is on track to grow another 3x by the end of this year. Praso recently acquired the intellectual property of Floki, an AI startup that automates purchases for small bars and restaurants, and plans to integrate Floki’s data intelligence and purchasing insights into its product. Future features include accounts payable management, automated inventory fulfillment and a merchant credit offering to provide working capital and buy‑now, pay‑later style terms.

Participated · Seed · Feb 2023

Portão 3 offers a spend-management platform paired with corporate cards that enforces company policies, approves transactions via configurable budgets, and centralizes invoice processing. Its platform automatically reads QR codes on receipts to match transaction details, detect fraud, and ensure purchases comply with policy. The company pivoted from corporate travel after founding in 2020 to focus on broader corporate spend management. In 2022 it facilitated over $60 million in transactions, issued more than 1 million physical and virtual cards, and serves nearly 600 enterprises across Latin America. Portão says it achieved profitability as of December and is growing about 20% month-over-month. It has roughly 30 employees and plans to hire product and growth teams while targeting new customer segments in logistics, retail and freight.