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The Venture Codex

Scale-Up Ventures

Rua Gomes de Carvalho, 1629, Sao Paulo, Brazil

Overview

Scale-Up Ventures is a venture capital fund that invests in companies selected by Endeavor Brazil's hyper-growth acceleration programs.

Total investments
13
Lead investments
1
Investments · 12mo
2
Active investors
0

Sector focus

  • Venture Capital
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Investment portfolio

  • Caveo

    Participated · Series A · Dec 2025

    Founded in 2022, Caveo positions itself as a one-stop financial platform for physicians, providing a digital account, automated accounting, tax and financial management, and an AI assistant embedded in WhatsApp. The company already operates in 93% of Brazil’s medical schools and captured 8% of the country’s 2023 graduating physicians, 18% of the 2024 class, and is tracking toward roughly 40% of 2025 graduates. More seasoned doctors now represent 30% of new clients, reflecting Caveo’s move beyond early-career professionals. Roughly 95% of sales come via referrals and the startup reports an NPS close to 90 for the semester, underscoring strong user satisfaction and stickiness. Community features such as networking, educational tracks and practical job-placement support further deepen engagement and drive product adoption. Management sees Brazil’s ongoing medical workforce expansion—projected to exceed one million practitioners by 2035—as a key growth catalyst, given that over 70% of doctors still feel insecure about accounting and tax matters. With fresh capital, Caveo intends to broaden its feature set and cement itself as a lifelong financial partner for physicians.

  • Lastro

    Participated · Series A · Oct 2025

    Founded in 2021, Lastro is a Brazil-based proptech company that builds AI solutions for real estate agencies and property managers. Its core product, Lais, is an AI assistant that engages prospective buyers and renters on WhatsApp, searches for suitable properties, and answers frequently asked questions. By automating these interactions, the platform streamlines lead qualification and improves conversion rates for its clients. The company plans to use fresh capital to further enhance Lais’s capabilities and broaden its reach within Brazil’s real estate and AI markets. To date, Lastro has secured $20 million in total funding, underscoring growing investor confidence in its technology. Management positions the startup at the intersection of proptech and conversational AI, aiming to become the go-to customer engagement layer for Latin American real estate firms.

  • Tensec

    Participated · Seed · Jun 2025

    Tensec builds an AI-driven platform that lets import-export trading companies embed foreign exchange, cross-border payments, treasury and other financial tools directly into their workflows without any technical integration. Its "Powered by Tensec" model automates the technical, operational and compliance burdens, while U.S. banking services are delivered through partner Stearns Bank, N.A. The company is headquartered in San Francisco with additional offices in New York, Mexico City and São Paulo, and is led by alumni of PayPal, Meta, Goldman Sachs, Visa, Mastercard and Credit Karma. Earlier in 2025 Tensec raised a $12 million seed round led by Costanoa to build out its platform. With the newly announced credit facility, management intends to scale annual transaction volume from roughly $500 million to $5 billion and onboard more than 100 new trading partners over the next 18 months. This ten-fold capacity increase positions Tensec to capture a share of the cross-border payments market, which is projected to grow from $194.6 trillion in 2024 to $320 trillion by 2032. While not yet disclosing revenue, the company emphasizes rapid user and volume growth as its primary operating metrics.

  • Arvo

    Participated · Equity · Sep 2024

    Founded in 2022, Arvo offers an AI-powered platform that serves healthcare providers and health-insurance operators, flagging fraudulent, erroneous, or wasteful items in claims before payments are processed. Its technology integrates large data sets and applies machine-learning models to bring greater security, transparency, and efficiency to healthcare transactions. The company positions itself as an anti-fraud layer within the Brazilian healthcare payment system, aiming to lower costs and improve cash-flow accuracy for its clients. Fresh capital from its latest fundraise brings total disclosed funding to R$106 million. Management plans to deploy this Series A money to expand operations across Brazil, enhance AI-driven transaction processing, launch new products, and scale its data science and engineering teams. Headquartered in São Paulo, Arvo is building out both technical and commercial staff to capture growing demand for automated claims analysis in the region.

  • Akad Seguros

    Participated · Series A · Apr 2024

    Akad Seguros is a digital insurance company that operates property risks and financial lines and offers protection products for cyclists and service providers. The company recently obtained authorization from the Superintendence of Private Insurance (SUSEP) to operate in the personal insurance business, a market the article says already exceeds R$60 billion. Led by CEO Danilo Gamboa, Akad plans to use technology to differentiate service quality and expand the range of products and solutions offered to brokers and partners. The company intends to use the new funding to expand operations and accelerate development efforts. Management emphasized that investor experience will support the company’s growth and its intensive use of technology to improve partner services.

Team

No current team members are available.