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SP Ventures is a venture capital firm founded around 2008, with its first fund launched in 2014. The firm originated from a program by BNDES, Brazil's National Development Bank, aimed at catalyzing venture capital investments in high-impact sectors. Headquartered in São Paulo, Brazil, SP Ventures also has an office in Mexico City, expanding its reach across Latin America. The firm manages over $100 million across three funds and has invested in more than 58 companies, primarily in Brazil, Argentina, and Mexico.
SP Ventures focuses on addressing challenges at the intersection of food security and climate change. The firm emphasizes investments that enhance climate resilience and strengthen the agrifood value chain. Notable milestones include the recent closing of a $50 million funding round for its third fund, which targets sustainable solutions in agriculture and climate technology.
SP Ventures invests primarily in the AgFood and Climate Tech sectors, targeting early-stage startups that develop sustainable agricultural practices and technologies. The firm seeks to support entrepreneurs who are committed to reducing environmental impact and enhancing global food resilience. Investment areas include ag biologicals, climate mitigation, financial services, and supply chain efficiency.
The firm typically invests between $500,000 and $2 million per startup, depending on the stage and potential of the company. SP Ventures employs a patient capital approach, allowing for longer holding periods to accommodate the extended timelines often associated with deep tech and agricultural innovations. The firm looks for founders who demonstrate a strong commitment to sustainability and possess a clear vision for their business.
SP Ventures has a diverse portfolio of 58 companies, focusing on various sectors within AgTech and Climate Tech. Notable portfolio companies include:
These companies represent SP Ventures' commitment to investing in sustainable solutions that address critical challenges in agriculture and climate change.
Francisco Jardim - Founding Partner & Managing Partner. He has over 13 years of experience at SP Ventures, leading more than 30 investments and serving on over 20 company boards. He is a speaker at industry events such as Web Summit Rio and a guest on the Future of Agriculture podcast.
Ariadne Caballero - Partner. She brings expertise in sustainable agriculture and has been instrumental in several key investments within the firm.
Alexandre Stephan - Partner. Alexandre has a background in finance and has led multiple successful funding rounds for portfolio companies.
Felipe Guth - Partner. Felipe specializes in operational support and has a strong track record in scaling startups.
Rebecca Aguiar - Partner. She focuses on strategic partnerships and has extensive experience in the agricultural sector.
Juliana De Podestá - Partner. Juliana has a background in environmental science and contributes to the firm's sustainability initiatives.
Pedro Jabali - Partner. Pedro has expertise in technology and innovation, particularly in the agtech space.
Renata Fernandes - Partner. Renata focuses on market analysis and helps portfolio companies refine their business strategies.
Vanessa Bello - Partner. Vanessa has experience in venture capital and supports the firm's investment strategies.
Henrique Zanuzzo - Partner. Henrique specializes in financial modeling and assists startups in developing robust financial plans.
Beatriz Bonetto - Partner. Beatriz has a background in agronomy and contributes to the firm's technical assessments of potential investments.
João Paulo Marchesan - Partner. João Paulo focuses on operational efficiency and helps portfolio companies optimize their processes.
To pitch to SP Ventures, founders should visit their contact page at spventures.com.br/contato. It is essential to include a comprehensive business plan, financial projections, and a clear explanation of how the startup addresses sustainability challenges in agriculture or climate technology.
SP Ventures prefers pitches that highlight innovative solutions and demonstrate a strong commitment to environmental impact. Founders should expect a response within a few weeks, and warm introductions are encouraged to enhance the chances of securing a meeting.
In February 2026, SP Ventures announced the closing of its third fund, AGV III, with a total of $50 million raised, targeting a final close of $100 million. This fund will support 20-22 agtech startups across Latin America.
In December 2025, SP Ventures was featured in multiple industry publications for its commitment to sustainable agriculture and climate technology investments, highlighting its role in addressing food security challenges in the region.
Throughout 2025, the firm continued to expand its portfolio, adding several notable companies focused on innovative agricultural solutions, further solidifying its position as a leader in the AgFood and Climate Tech sectors.
What are SP Ventures' investment criteria?
SP Ventures focuses on early-stage startups in the AgFood and Climate Tech sectors. They look for companies that develop sustainable agricultural practices and technologies that reduce environmental impact and enhance food security.
How can I apply or pitch to SP Ventures?
Founders can pitch their ideas through the SP Ventures contact page at spventures.com.br/contato. It is recommended to include a detailed business plan and financial projections in the pitch.
What makes SP Ventures different from other venture capital firms?
SP Ventures has a strong focus on sustainability and climate resilience, specifically targeting the agrifood value chain. Their origins in a BNDES program provide institutional legitimacy and access to a network of strategic partners.
What is the geographic scope of SP Ventures?
The firm primarily invests in Latin America, with a focus on Brazil, Argentina, and Mexico. Their expansion into Mexico City signifies a commitment to broader regional engagement.
What is the typical check size for investments?
SP Ventures typically invests between $500,000 and $2 million per startup, depending on the stage and potential of the company.
What kind of post-investment involvement does SP Ventures have?
SP Ventures provides operational support, industry expertise, and access to resources that enhance growth and scalability for its portfolio companies. They often take board seats to guide strategic decisions.
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