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SCALEXOPEN is a Brazilian venture capital fund established in 2021, focusing on seed and pre-seed stage startups. The fund is a collaboration between 100 Open Startups and Bertha Capital, managed by REAG, and operates under the regulatory framework of ABVCAP/ANBIMA. The fund aims to foster entrepreneurship and job creation in Brazil, targeting companies with technological foundations and high scalability potential.
Currently, SCALEXOPEN has a total fund size of approximately R$ 30 million (around $6 million USD), with plans to invest in around 30 startups over a two-year deployment window. The fund's strategy emphasizes collaboration among portfolio companies to create synergies and business opportunities. This approach is supported by their partnership with 100 Open Startups, which provides access to a large pool of screened startups.
SCALEXOPEN invests primarily in startups that are in the seed and pre-seed stages, with a check size ranging from $100,000 to $1 million. The fund's investment strategy encompasses various sectors, including B2B and B2C mobile marketplace solutions, logistics and delivery optimization, fintech services such as digital wallets and credit solutions, customer relationship programs, digital marketing solutions, and AI-driven tools.
The firm seeks entrepreneurs who are committed to radically changing the status quo and emphasizes the importance of portfolio synergy. This means that SCALEXOPEN encourages collaboration among its portfolio companies to generate business opportunities and foster growth within a supportive network. Their investment thesis is centered on co-creating solutions for the future, aligning with startups that demonstrate high scalability potential.
SCALEXOPEN's portfolio includes ten notable companies that span various sectors:
João Alfredo Andrade Pimentel - Founder of SCALEXOPEN, Pimentel has 29 years of entrepreneurial experience in Brazil. He founded NetMicro, a managed IT services company, and CorpFlex, which became Brazil's largest private cloud and managed services platform before its exit in 2020. His successful exit from CorpFlex provided the initial funding for SCALEXOPEN.
To pitch SCALEXOPEN, startups should use the application portal available at this link. The pitch deck should include a clear overview of the business model, market opportunity, and team background. Startups are encouraged to highlight their technological innovations and scalability potential.
Response times may vary, but founders can expect to hear back within a few weeks after submission. Warm introductions are preferred, especially from trusted sources within the startup ecosystem.
SCALEXOPEN hosts monthly speed-dating events designed for startups to connect with their team and explore potential synergies. These events are open to startups that align with SCALEXOPEN's investment focus and provide a platform for networking and collaboration.
In 2023, SCALEXOPEN continued to expand its portfolio, adding several new startups focused on technology-driven solutions. The fund has been actively engaging with the startup community through its monthly speed-dating events, fostering collaboration among emerging companies.
As of October 2023, SCALEXOPEN has confirmed a portfolio of ten companies, demonstrating its commitment to supporting high-potential startups in Brazil's dynamic market.
What are SCALEXOPEN's investment criteria?
SCALEXOPEN focuses on seed and pre-seed stage startups with a technological base and high scalability potential. They are particularly interested in sectors such as marketplaces, logistics, fintech, marketing, and AI.
How can startups apply or pitch to SCALEXOPEN?
Startups can connect with SCALEXOPEN through their pitch portal at this link. They encourage startups that align with their investment focus to apply.
What makes SCALEXOPEN different from other investors?
SCALEXOPEN emphasizes portfolio synergy, encouraging collaboration among its portfolio companies to generate business opportunities. They also host monthly speed-dating events to facilitate connections between startups and their team.
What is the geographic focus of SCALEXOPEN?
The fund primarily invests in startups located in Brazil and Latin America, targeting the unique challenges and opportunities within these markets.
What is the typical check size for investments?
SCALEXOPEN typically invests between $100,000 and $1 million in each startup, depending on the specific needs and potential of the company.
What kind of support do portfolio companies receive?
Portfolio companies benefit from ecosystem collaboration, access to a supportive network, and opportunities to connect with other startups through SCALEXOPEN's events and initiatives.
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