Participated · Equity · Aug 2024

Founded in 2022, Cellva Ingredients has developed CoffeeCoa, an ingredient made by extracting bioactive compounds from coffee parchment and silver skin and microencapsulating them for use in chocolate, bakery, beverage and nutrition products. The naturally sweet, antioxidant-rich powder offers manufacturers a stable, traceable and more sustainable substitute for cocoa, targeting both cost savings and reduced environmental impact. Cellva partners directly with regulated coffee producers in Brazil, operating close to origin for full supply-chain transparency. The company produced only gram-scale pilot batches in 2024 but plans to process about 2,000 tonnes of raw material this year as it moves into its first large-scale production cycle. A semi-industrial R&D and processing center with spray-drying capabilities is being set up in Manaus to support this scale-up. Commercially, Cellva is already shipping product to industrial bakery and chocolate processors in Brazil and is in active discussions with potential customers in Europe, Asia and the U.S. Management estimates CoffeeCoa could help the food industry save roughly $435 million annually, highlighting significant market potential.

Led · Equity · Apr 2022

Lume Robotics develops autonomous vehicle solutions and launched an electric autonomous commercial vehicle in January 2020. Its work includes projects such as a 16-axle autonomous Kirow vehicle for unmanned transport of liquid pig iron at Ternium Brasil and an autonomous trailer for port operations. The company will use the latest funding to finalize its product, expand infrastructure, and grow its team. Clients include Petrobras and Vale. Lume reported nearly R$1 million in revenue in 2021 and expects to reach R$4 million in 2022. Founded in 2019, the startup participated in Programa Centelha 1, an acceleration initiative involving MCTI and Finep, which the CEO said was important for the company's maturation and network.