Astella

Astella Journey IV is a venture capital fund established in 2020 and managed by Astella Investimentos, a firm based in Sao Paulo, Brazil. The fund focuses on early-stage investments, primarily targeting companies involved in sectors such as cloud infrastructure, smart applications, internet of things, content, e-commerce, e-education, and platform software and services. Astella Investimentos specializes in providing growth capital and seeks to empower Brazilian entrepreneurs who aim to innovate and contribute to the country's development. The firm typically makes equity investments ranging from R$0.10 million to R$1.5 million, acquiring ownership stakes between 10 percent and 25 percent in its portfolio companies.

Lucas Abreu

Investor

Cassio Azevedo

Principal

Daniel Chalfon

Partner

Laura Constantini

Partner

Edson Rigonatti

Partner

Past deals in Brazil

bem-te-vi

Seed Round in 2023
bem-te-vi is a Brazilian Insurtech startup focused on credit insurance products.

Estoca

Venture Round in 2023
Estoca is a decentralized logistics platform that specializes in Fulfillment-as-a-Service for multi-channel businesses. The company enables efficient goods delivery within less than two days in major Brazilian cities, ensuring a straightforward setup for clients. Utilizing a network of warehouses, Estoca employs a predictive algorithm to optimize the allocation of products, positioning them in proximity to customers for streamlined last-mile delivery. This approach allows businesses to manage their logistics processes effectively, enhancing their operational efficiency and customer satisfaction.

bem-te-vi

Pre Seed Round in 2022
bem-te-vi is a Brazilian Insurtech startup focused on credit insurance products.

Kompa Saúde

Seed Round in 2021
Kompa Saúde is a healthcare platform that combines a membership program offering discounts on healthcare services with an online doctor consultation platform. It enables patients to schedule and conduct online consultations with doctors and professionals, and to access accredited clinics and laboratories around the world. The technology supports video consultations with session information kept private between patient and clinician. The program is recognized by the National Supplementary Health Agency (ANS) as a discount card, reflecting its focus on reducing the cost of healthcare services.

Topster

Pre Seed Round in 2021
Topster operates a social retail technology service platform focused on the automotive industry. It offers content about cars and facilitates car owners interested in selling their vehicles to advertise for free while receiving assistance from advisors across Brazil, enabling users to purchase quality cars at competitive prices.

Sallve

Series B in 2021
Sallve is a Brazilian direct-to-consumer beauty brand dedicated to revolutionizing the cosmetics industry. It offers a range of personal care products, developed by a team combining successful digital entrepreneurs, influential beauty experts, and seasoned industry executives.

Sled

Seed Round in 2021
Sled is a technology-driven startup that addresses the challenges retail businesses face related to cash transactions, specifically the shortage of coins for change. The company provides a digital solution that allows retailers to deliver change electronically to customers, which helps eliminate cash shortages and reduces costs associated with cash handling. Sled's platform integrates with major point-of-sale and electronic transaction systems, enabling seamless transactions for large retail chains in Brazil. In addition to facilitating digital change, Sled offers a cash withdrawal service for Mastercard clients at retail locations and is in the process of expanding its services to include other major payment brands like Visa and Elo. By streamlining cash transactions, Sled aims to enhance the efficiency and reliability of retail operations.

Dr. JONES

Seed Round in 2020
Dr. JONES operates in the men's hygiene and beauty market, focusing on transforming the landscape in Brazil. The company offers a range of products designed specifically for men, including face washes, body soaps, and beard care items. Additionally, Dr. JONES provides monthly razor subscriptions and dietary supplements, aimed at enhancing the grooming and self-care routines of its customers. Through its diverse product offerings, Dr. JONES seeks to meet the unique needs of men in personal hygiene and beauty.

Dr. JONES

Seed Round in 2020
Dr. JONES operates in the men's hygiene and beauty market, focusing on transforming the landscape in Brazil. The company offers a range of products designed specifically for men, including face washes, body soaps, and beard care items. Additionally, Dr. JONES provides monthly razor subscriptions and dietary supplements, aimed at enhancing the grooming and self-care routines of its customers. Through its diverse product offerings, Dr. JONES seeks to meet the unique needs of men in personal hygiene and beauty.

Dr. JONES

Pre Seed Round in 2019
Dr. JONES operates in the men's hygiene and beauty market, focusing on transforming the landscape in Brazil. The company offers a range of products designed specifically for men, including face washes, body soaps, and beard care items. Additionally, Dr. JONES provides monthly razor subscriptions and dietary supplements, aimed at enhancing the grooming and self-care routines of its customers. Through its diverse product offerings, Dr. JONES seeks to meet the unique needs of men in personal hygiene and beauty.

Sallve

Series A in 2019
Sallve is a Brazilian direct-to-consumer beauty brand dedicated to revolutionizing the cosmetics industry. It offers a range of personal care products, developed by a team combining successful digital entrepreneurs, influential beauty experts, and seasoned industry executives.

JOTA

Venture Round in 2019
JOTA is a SaaS company that combines artificial intelligence, big data, and journalism to deliver insights and predictive analysis on government activities in Brazil. It aims to enhance transparency and predictability in the legal, regulatory, and political environment for businesses.

Sallve

Seed Round in 2019
Sallve is a Brazilian direct-to-consumer beauty brand dedicated to revolutionizing the cosmetics industry. It offers a range of personal care products, developed by a team combining successful digital entrepreneurs, influential beauty experts, and seasoned industry executives.

Bom Pra Crédito

Series A in 2018
Bom Pra Crédito a Brazilian website that provides online credit products for the general population, as well as qualified applicants for our financial Institution partners.

Qulture.Rocks

Seed Round in 2018
Qulture.Rocks is a software company based in São Paulo, Brazil, that specializes in developing a performance management platform aimed at enhancing people management for organizations. The platform offers tools for real-time evaluation of employee performance, facilitating decisions related to promotions, training, and reallocations. It features capabilities for implementing one-on-one meetings, setting goals and objectives, conducting performance reviews, and providing continuous feedback and recognition among peers and managers. By offering a customizable and integrated suite of applications, Qulture.Rocks enables companies to modernize their performance management processes effectively.

Bom Pra Crédito

Seed Round in 2017
Bom Pra Crédito a Brazilian website that provides online credit products for the general population, as well as qualified applicants for our financial Institution partners.

Itaro

Series B in 2015
Itaro is an innovative e-commerce platform specializing in the automotive sector, offering a comprehensive marketplace for both physical products and automotive services. The platform features a wide range of products, including tires, car accessories, and parts, while also facilitating the booking and evaluation of various automotive services. Clients can efficiently manage payment and scheduling through Itaro's web and mobile applications. The company collaborates with approximately 700 partner garages throughout Brazil to deliver acquired services, ensuring convenience for customers. Additionally, Itaro provides a business-to-business platform designed to support these partnering garages with a variety of services, enhancing their operational capabilities.

Smartbill Assinaturas

Series A in 2015
Smartbill is a cloud-based subscription management system that allows companies of all sizes to join the subscription business model. Smartbill is available only companies operating in Brazil (by now). The system covers all the subscription cycle: (a) Subscription - business rules, pricing, payment method, parameters, etc, (b) invoicing, (c) billing, (d) payment conciliation and (e) upgrades, downgrades, add-ons, renewals.

Itaro

Series A in 2015
Itaro is an innovative e-commerce platform specializing in the automotive sector, offering a comprehensive marketplace for both physical products and automotive services. The platform features a wide range of products, including tires, car accessories, and parts, while also facilitating the booking and evaluation of various automotive services. Clients can efficiently manage payment and scheduling through Itaro's web and mobile applications. The company collaborates with approximately 700 partner garages throughout Brazil to deliver acquired services, ensuring convenience for customers. Additionally, Itaro provides a business-to-business platform designed to support these partnering garages with a variety of services, enhancing their operational capabilities.

Sophie & Juliete

Series B in 2014
Sophie & Juliete is a Brazilian company founded in 2012, based in Sao Paulo, that operates an online jewelry and accessories platform. The company specializes in social selling, providing women with the opportunity to establish their own fashion businesses. Its accessories line is sold exclusively through independent stylists, who can market the products online or host sales events in private settings, such as gatherings at friends' homes. Sophie & Juliete aims to integrate social media and internet sales to create flexible and profitable business opportunities tailored for modern women.

Itaro

Series A in 2014
Itaro is an innovative e-commerce platform specializing in the automotive sector, offering a comprehensive marketplace for both physical products and automotive services. The platform features a wide range of products, including tires, car accessories, and parts, while also facilitating the booking and evaluation of various automotive services. Clients can efficiently manage payment and scheduling through Itaro's web and mobile applications. The company collaborates with approximately 700 partner garages throughout Brazil to deliver acquired services, ensuring convenience for customers. Additionally, Itaro provides a business-to-business platform designed to support these partnering garages with a variety of services, enhancing their operational capabilities.

Sophie & Juliete

Series B in 2014
Sophie & Juliete is a Brazilian company founded in 2012, based in Sao Paulo, that operates an online jewelry and accessories platform. The company specializes in social selling, providing women with the opportunity to establish their own fashion businesses. Its accessories line is sold exclusively through independent stylists, who can market the products online or host sales events in private settings, such as gatherings at friends' homes. Sophie & Juliete aims to integrate social media and internet sales to create flexible and profitable business opportunities tailored for modern women.

Smartbill Assinaturas

Seed Round in 2013
Smartbill is a cloud-based subscription management system that allows companies of all sizes to join the subscription business model. Smartbill is available only companies operating in Brazil (by now). The system covers all the subscription cycle: (a) Subscription - business rules, pricing, payment method, parameters, etc, (b) invoicing, (c) billing, (d) payment conciliation and (e) upgrades, downgrades, add-ons, renewals.

Smartbill Assinaturas

Seed Round in 2013
Smartbill is a cloud-based subscription management system that allows companies of all sizes to join the subscription business model. Smartbill is available only companies operating in Brazil (by now). The system covers all the subscription cycle: (a) Subscription - business rules, pricing, payment method, parameters, etc, (b) invoicing, (c) billing, (d) payment conciliation and (e) upgrades, downgrades, add-ons, renewals.

Mais.im

Angel Round in 2012
Mais.im provides a communication and productivity platform for enterprises. Fernanda Fonseca and Marcio Clume founded it on August 15, 2011, with its headquarters in Juiz de Fora in Brazil.

LojasKD

Series B in 2012
LojasKD is a Brazilian company that specializes in the online sale of furniture products. Founded in 1997 and headquartered in Pinhais, Brazil, the company operates an e-commerce platform that provides a diverse selection of furniture for home decoration. LojasKD focuses on offering quality furniture at affordable prices, facilitating a convenient shopping experience for its customers.

Ciatech

Series A in 2012
Ciatech, established in 1996 and headquartered in São Paulo, Brazil, specializes in B2B solutions for corporate training and development. The company offers a range of services including the creation of customized e-learning courses, off-the-shelf content, learning management system platforms, and corporate social networks. Ciatech also develops innovative digital learning experiences using modern educational methodologies and advanced technology to contribute to business results across various organizations.

Portal Educação

Series A in 2010
Portal Educação Ltda. is a prominent provider of e-learning services based in Campo Grande, Brazil, established in 2001. The company specializes in delivering a diverse range of educational courses, including online continuing education, postgraduate programs, and career development resources. It also offers language courses in English and Spanish, as well as preparation for public employee job exams. Additionally, Portal Educação features an e-Magazine that embodies the principles of Web 2.0, providing users with relevant news and updates. By leveraging an engaging learning management system and multimedia content, Portal Educação aims to enhance the educational experience for adult professionals and individuals seeking personal growth across various fields.
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