Led · Equity · Mar 2024

Cromai developed an AI platform that reads drone images to identify weeds, classify species, and generate files for precision spraying that integrate with tractors and machinery. The company reports average reductions of 65% in herbicide and water use and claims up to R$150 of return per hectare for growers. Cromai launched its first product for sugarcane, recently expanded the same solution to soy, and is planning moves into cotton and corn. It also offers an in‑factory IA sensor for detecting vegetal impurities, already installed in 45 mills with a 2024 target of about 100 sensors. The startup operates in 10 Brazilian states, is present in nine of the ten largest sugar groups, and has a team of 170 people. Cromai expects to reach breakeven this year and projects revenue of R$50 million in 2025. Cromai develops AI and computer-vision solutions for agriculture, supplying software, mobile apps and sensors that embed proprietary algorithms trained on millions of plant images. Its products provide real-time diagnostics on plant physiology, nutritional status, canopy cover, plant stand, leaf temperature, weed identification and fruit maturity. The company has been developing the joint AI project with its new investor for three harvests and plans staged rollouts: availability for coffee in 2022 and launches for sugarcane and major row crops (soy, corn, cotton) from 2023. Cromai reports accelerated commercial growth in sugarcane adoption, rising from 1 mill in 2019 to 6 in 2020 and 10 in Q2 2021, and aims to reach 40 mills within two years following the partnership. The firm intends to use the investment to expand its team and to develop and refine its product portfolio and technologies.

Led · Series A · Dec 2023

DEEP builds software and services for measurement and monitoring of ESG impacts and emissions reporting. The company sells to financial institutions and corporate clients and already serves more than 300 enterprise customers, with roughly 25% market share in the Brazilian financial-institution segment. DEEP has established commercial partnerships with TOTVS and VIBRA to gain access to broader distribution channels across Latin America. Leadership says the firm is scaling capacity and increasing investment in R&D and innovation to meet rising demand driven by new reporting standards (IFRS S1/S2) and impending carbon-market regulation. Management aims to be the leading impact-measurement company in Latin America by 2030 and target a 50% share of companies that measure and disclose emissions in Brazil.

Participated · Series E · Oct 2014

GoodData builds cloud-native Data-as-a-Service analytics infrastructure, delivering real-time, scalable analytics via its GoodData.CN platform. The company positions GoodData.CN as an alternative to legacy batch-oriented BI, enabling embedded analytics, self-service, machine learning, and IoT use cases. GoodData reported 9x recurring revenue growth from its self-service channel in 2020 and says its platform has helped over 140,000 businesses. Management plans to expand global sales and engineering teams and continue investing in enterprise-grade, cloud-native analytics solutions. In 2021 GoodData announced an investment and strategic partnership with Visa and was named a key partner in Visa’s Fintech Partner Connect program. The company is backed by investors including Andreessen Horowitz, General Catalyst, Intel Capital, and TOTVS. GoodData offers an all‑in‑one data analytics platform focused on interactive self‑service analytics, user interfaces, and data visualizations that let customers build insight services and new business models. The company serves over 2,000,000 users in more than 145 countries and its platform is trusted by more than 50% of the Fortune 500. GoodData has introduced freemium and growth‑pricing tiers to broaden access and help more companies become data‑led. It has also supported large data projects such as the COVID‑19 Commerce Insight initiative, which analyzed about one billion engagements and 400 million transactions. Following the announced investment, GoodData plans to expand customer support for complex data governance, compliance, cybersecurity, and privacy. The company positions itself as a partner to business networks and enterprises seeking to add analytics and insight services to existing offerings. GoodData provides an embedded real-time analytics platform that delivers real-time visualization, recommendations, and predictive analytics at the point of work for front-line workers, customers, partners, and regulators. The platform is backed by global customer support and a network of data centers across the US, Canada, and the European Union, and operates under a unified framework of security and privacy compliance. GoodData’s platform provides insights to over 100,000 companies and 1.4 million users globally. The company announced a $24M financing composed of equity and venture debt. Zendesk led the equity investment, CIBC Innovation Banking provided the venture debt, and existing investors participated. GoodData is a San Francisco, CA-based provider of an end-to-end cloud analytics platform. Led by CEO Roman Stanek, the company enables business analysts, business managers and IT professionals to turn data into actionable insights. Its platform provides self-service visualization and on-demand advanced tools for building custom metrics, with no hardware or software to integrate or manage. GoodData completed a $25.7M equity financing in February 2014. The round was led by Intel Capital with participation from Andreessen Horowitz, General Catalyst, Tenaya Capital, TOTVS, Next World Capital, Windcrest and Pharus Capital. In conjunction with the funding, Intel Capital Director Igor Taber will join GoodData’s board. GoodData offers a cloud-based data analytics and business intelligence service with pre-configured templates to analyze company data. The platform includes integration support from GoodData and lets customers track, segment and target their information. It competes with offerings from IBM, SAP and Oracle as well as analytics providers such as Birst and Bime Analytics. Founded in the Czech Republic and headquartered in San Francisco, the company positions itself as a leader in the emerging cloud BI market. GoodData has now raised $75.5 million to date and says an IPO could be possible in the next few years if it continues to execute. The company cited TOTVS' regional clout in Latin America as a factor in accepting the new investment.

Led · Equity · Jan 2013

uMov.me offers a cloud-based corporate mobility platform that enables solutions for companies of different sizes and segments, with support for multiple smartphone and tablet platforms. The company supplies mobility technology to enterprise customers and integrates across devices. TOTVS Ventures announced an investment that includes a strategic partnership in which TOTVS will be a partner, user and distributor of uMov.me’s technology. The financing is intended to intensify investment in the platform and support uMov.me’s evolution in the Brazilian and international markets. TOTVS said the investment preserves uMov.me’s independence while also allowing for additional equity investments based on performance through 2017. The deal marked the start of operations for TOTVS Ventures as the investor noted in its announcement.