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Fundo CRIATEC 2 is an investment fund that continues the Criatec project initiated by the Brazilian Development Bank (BNDES) in 2006. Managed by Bozano Investimentos and operationally advised by Triaxis Capital, the fund is headquartered in Brazil and has a committed capital of R$ 186 million (approximately $37 million). The fund's primary objective is to invest in around 36 innovative companies that generate annual revenues below R$ 10 million. The fund is structured to operate over a 10-year period, with the first four years dedicated to making investments.
Since its inception, Fundo CRIATEC 2 has focused on fostering innovation within micro and small enterprises across Brazil. The fund's strategy emphasizes sectors such as Information and Communication Technology (ICT), Agribusiness, Biotechnology, and New Materials. Notably, it aims to support startups that drive technological advancements and contribute to economic growth in the region.
Fundo CRIATEC 2 has established itself as a significant player in the Brazilian venture capital landscape, particularly in its commitment to investing in diverse sectors. The fund's operational model and backing by BNDES position it as a vital resource for early-stage companies seeking capital and support.
Fundo CRIATEC 2 invests across a variety of sectors, including agtech, biotech, fintech, healthcare, logistics, energy, defence, and edtech. The fund targets early-stage companies, specifically in the pre-seed, seed, and seed+ (extension) stages. Investment sizes range from R$ 500,000 to R$ 7 million, with initial investments capped at R$ 2.5 million and total investments per company reaching up to R$ 6 million. This structured approach allows the fund to provide substantial financial support to startups while maintaining a focus on their growth potential.
The geographic focus of Fundo CRIATEC 2 is primarily on Brazil and the broader Latin American region. The fund seeks to identify innovative projects that align with its investment thesis, which emphasizes the importance of supporting micro and small companies. The fund's investment strategy is designed to enhance the growth trajectory of its portfolio companies, particularly those with annual revenues below R$ 10 million.
Fundo CRIATEC 2 looks for founders who demonstrate a strong vision, commitment to innovation, and the ability to execute their business plans effectively. The fund's deal structure preferences include providing operational support and strategic guidance to portfolio companies, ensuring they have the resources necessary to succeed in competitive markets.
Fundo CRIATEC 2 has built a diverse portfolio of 36 companies across various sectors. Notable portfolio companies include:
This portfolio reflects Fundo CRIATEC 2's commitment to investing in innovative companies that are poised for growth in their respective industries. The fund's focus on sectors such as fintech, healthcare, and logistics demonstrates its strategic approach to supporting startups that drive technological advancements and economic development in Brazil.
Bozano Investimentos: National Manager of Fundo CRIATEC 2, responsible for overseeing the fund's operations and investment strategy. The firm has a strong reputation in the Brazilian investment landscape.
Triaxis Capital: Operational Advisor to Fundo CRIATEC 2, providing expertise in managing the fund's portfolio and advising on investment decisions. The firm has a track record of supporting innovative startups.
Additionally, the fund is supported by six regional managers who play a crucial role in identifying and evaluating potential investment opportunities across Brazil.
To pitch to Fundo CRIATEC 2, startups should use the preferred channel available on their website at criatec2.com.br. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. Startups should expect a response time of several weeks, as the fund evaluates each proposal thoroughly.
Warm introductions are beneficial but not mandatory. Founders are encouraged to present their ideas clearly and concisely to capture the fund's interest.
In recent months, Fundo CRIATEC 2 has continued to actively invest in a diverse range of sectors, reflecting its commitment to supporting innovative startups in Brazil. The fund's focus on sectors such as fintech, healthcare, and logistics has led to the addition of several new companies to its portfolio.
As of March 2023, Fundo CRIATEC 2 has successfully invested in multiple startups, further solidifying its position as a key player in the Brazilian venture capital landscape. The fund's ongoing efforts to foster innovation and economic growth in the region remain a priority.
What are Fundo CRIATEC 2's investment criteria?
Fundo CRIATEC 2 invests in early-stage companies, specifically in the pre-seed, seed, and seed+ stages. The fund targets sectors such as agtech, biotech, fintech, healthcare, logistics, energy, defence, and edtech. Companies must have annual revenues below R$ 10 million.
How can startups apply or pitch to Fundo CRIATEC 2?
Startups can pitch to Fundo CRIATEC 2 through their website at criatec2.com.br. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes Fundo CRIATEC 2 different from other venture capital firms?
Fundo CRIATEC 2 is a government-backed initiative, which allows it to provide non-dilutive capital to startups. This unique positioning enables the fund to support innovative micro and small companies across Brazil effectively.
What is the geographic scope of Fundo CRIATEC 2's investments?
The fund primarily focuses on Brazil and the broader Latin American region, aiming to invest in companies that contribute to economic growth and innovation within these areas.
What type of post-investment involvement does Fundo CRIATEC 2 have?
Fundo CRIATEC 2 provides operational support and strategic guidance to its portfolio companies, enhancing their growth potential and market reach.
What is the typical check size for investments made by Fundo CRIATEC 2?
The fund's check size ranges from R$ 500,000 to R$ 7 million, with initial investments capped at R$ 2.5 million and total investments per company reaching up to R$ 6 million.
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