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The Venture Codex

Raio Capital

Rio de Janeiro, Brazil

Overview

We are a venture capital investment firm from Rio de Janeiro, Brazil, investing in early companies with extraordinary potential. We strive to always be diligent, prepared, respectful, curious, creative and straight to the point. Our team is cross-disciplinary by design and we value this mix of vantage points as our main competitive edge. We are output-focused, and believe in the bias toward action ethos.

Total investments
3
Lead investments
1
Investments · 12mo
1
Active investors
4

Sector focus

  • Venture Capital
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Investment portfolio

  • Sandwiche

    Led · Seed · May 2026

    Founded in 2023 by a team largely from PicPay, Sandwiche launched with a store-in-bio product that centralized creators’ sales and later pivoted into a creator marketing platform. It specializes in nano and micro creators (about 5,000 to 50,000 followers) and has registered roughly 1 million creators on its platform, with about 15% based in Latin America. The company serves 20–25 active clients including Emma Colchões, Positive.co (which includes A Tal da Castanha and Jungle), Mastercard and General Motors, and facilitates half of Emma Colchões’ creator operations in Spain and Germany. In 2025, 57% of the company’s global revenue came from the creator channel, and in Q1 2026 the company’s revenue was double the total recorded for all of 2025. Sandwiche’s platform already incorporates AI-driven features and autonomous WhatsApp agents to engage creators, while pursuing enhancements in brand-safety, reputation analysis and creator discovery.

  • MeetRox

    Participated · Seed · Sep 2024

    MeetRox offers an AI-driven CRM autofill platform that records meetings across Google Meet, Microsoft Teams, and Zoom, then automatically populates CRMs and analyzes conversation data. The company is compatible with CRMs including Salesforce, HubSpot, and Pipedrive and plans additional integrations as it expands. MeetRox launched in 2024 and was founded by Chris Cornehl, Thiago Zattar da Silveira, and Javier Yera. It has a client base of over 100 companies, including AsaaS, Caju, Conta Simples, Creditas, Flash, RD Station, Sólides, VTex, and Wellhub. MeetRox will use the new funding to expand its tech team and integrate its solution with other software. The company aims to reach 200 clients and double its revenue before the end of the year.

  • mywork

    Participated · Equity · Nov 2021

    mywork provides an online time-and-attendance platform for SMEs, with features for control of point, bank of hours and overtime, accessible from any internet-connected device and a dedicated app. The product aims to eliminate costs of physical time clocks, simplify external and remote workers’ time tracking through security mechanisms, and streamline corrections and hour calculations for accounting. The company charges a monthly per-user fee (R$5.30–R$12 per employee), reports a typical client of about 12 employees paying roughly R$90/month, and currently serves ~1,500 clients with 20,000 active employees on the platform. mywork plans to accelerate marketing and product development and expand its product set to vacation control, benefits management, payroll and complementary financial products for HR. Founders Timor Espallargas and Thomas Carlsen, who met during an MBA at Columbia Business School, emphasize rapid growth and customer-driven feature development, with a stated objective to reach 10,000 clients by 2023.

Team