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The Venture Codex

Overview

Early-stage VC firm investing in Latam SaaS companies.

Deals · 12mo

4

Stage focus

Seed
Series A

Geographic focus

Brazil
Canada
Spain

Sector focus

FinTech
Internet
SaaS
Software

Investment portfolio

8rounds
NAMEDATESIZE
Pago ASAP
Aug 2026Led
$1 MOther Equity
Sofi
Aug 2026Led
$1 MOther Equity
Jusfy
Jul 2026Participated
$15 MSeries A
Didit
May 2026Participated
$6 MSeed
Liquid
Aug 2025Led
$2 MOther Equity
Jusfy
Mar 2025Led
$5 MSeries A
YOOGA
Oct 2023Led
$2 MSeed
Jusfy
Dec 2022Led
$1 MSeed
Pago ASAP
Aug 2026Led
$1 MOther Equity
Sofi
Aug 2026Led
$1 MOther Equity
Jusfy
Jul 2026Participated
$15 MSeries A
Didit
May 2026Participated
$6 MSeed
Liquid
Aug 2025Led
$2 MOther Equity
Jusfy
Mar 2025Led
$5 MSeries A
YOOGA
Oct 2023Led
$2 MSeed
Jusfy
Dec 2022Led
$1 MSeed
8
Items
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Insights

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Deal Distribution

SaaSholic: 8 funding rounds are recorded in the selected participation categories.All available history.
SaaSholic: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed21
Series A11
Other Equity30

Monthly Deal Activity

SaaSholic: 8 deals are recorded across 47 months.All available history.
SaaSholic: 8 deals are recorded across 47 months. All available history
MonthDeals
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '261
Aug '262
Sep '260
Oct '260

Sector Breakdown

SaaSholic: Professional Services is the largest displayed sector by deal count (4 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.

SaaSholic: Professional Services is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Professional Services4
Fintech3
Data, Analytics & IT3
AI & Machine Learning2
Hardware & Robotics1
Cybersecurity & Privacy1

Deal Size Distribution

SaaSholic: 8 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.

SaaSholic: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M2
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

SaaSholic: Brazil has the largest recorded deal count among the displayed regions (6 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

SaaSholic: Brazil has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
Brazil6
Europe1
Venezuela1
SaaSholic: 20 co-investors are shown, with FJ Labs sharing 2 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.

Investment Strategy

SaaSholic: Led accounts for 75% and participating for 25% of round participation.All available history.
SaaSholic: Led accounts for 75% and participating for 25% of round participation. All available history
CategoryDeals (count)Share (%)
Led675%
Participating225%
SaaSholic: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
SaaSholic: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead467%
Co-led233%

Team

Gustavo Souza

Managing Partner

William Cordeiro

Managing Partner