DGF Early Stage 1

DGF Early Stage 1 is a venture capital fund managed by DGF Investimentos, a prominent investment group based in São Paulo, Brazil. Established in 2001, DGF Investimentos specializes in growth investments, primarily focusing on small to mid-sized enterprises in the technology sector, particularly software and telecommunications. The firm has built a reputation for its strategic investments in emerging technology companies and has a notable history of nearly forty investments, including several successful exits. With a commitment to supporting innovation, DGF Early Stage 1 aims to foster the development of promising software and technology companies in Brazil.

Tinoco de Affonseca, Marcos

Associate Director

Dario Boralli

Investor

Sidney Chameh

Founding Partner

Duarte, Antonio J. L.

Director

Renato Farias

Associate

Frandi Ferreira, Henrique

Venture Analyst

Frederico Greve

Managing Partner

Past deals in South America

Data4Sales

Seed Round in 2022
Data4Sales is a provider of information services tailored for e-commerce stores, based in Montevideo, Uruguay. The company utilizes artificial intelligence to track the customer purchase lifecycle and generate actionable insights. By understanding their most valuable customers, e-commerce businesses can adopt differentiated strategies across various channels, enhancing customer retention and acquisition while increasing overall customer value. Data4Sales aims to foster a committed customer base that actively promotes the attributes of the e-commerce store, ultimately driving higher sales through increased purchase frequency and spending among loyal customers.

TRACTIAN

Seed Round in 2021
Your machines are talking, we are listening. TRACTIAN is a platform that analyzes vibration and temperature data collected by our sensors to reduce unplanned downtime inside industries.

Kyte

Seed Round in 2021
Kyte is an app for small businesses that helps sell more, manage better, and retain customers. Kyte is a selling application for anyone who needs control but has no time to waste. It is designed to give the owner and customers the best mobile phone experience.

Rocket.Chat

Series A in 2021
Rocket.Chat Holdings, Ltd. develops and operates an open source Web chat platform. It offers Rocket.Chat platform for video conferencing, helpdesk chat, file sharing, TEX math rendering, screen sharing, voice messages, link preview, API, native applications, and mobile applications. The company also provides white labeling, integrations, data import, feature development, and hosting services. Rocket.Chat Holdings, Ltd. was founded in 2015 and is headquartered in Porto Alegre, Brazil with additional offices in Brazil, the United States, Canada, Spain, Ecuador, Uruguay, Ukraine, Germany, China, and Portugal.

RD Station

Series D in 2019
RD Station provides an intuitive and integrated marketing automation platform to help businesses get a better ROI on digital ad spending using fewer programs and tools. With the cloud-based RD Station software, clients can track leads, create landing pages, drive inbound traffic, distribute content, monitor social media, and more, all in one place. In addition to the user-friendly technology, RD Station offers free educational resources like eBooks, webinars, courses, templates, and follow-up implementation services to ensure that even the most digitally inexperienced clients become marketing mavens. It was founded in 2011 and is headquartered in Florianópolis, Brazil.

Rocket.Chat

Seed Round in 2019
Rocket.Chat Holdings, Ltd. develops and operates an open source Web chat platform. It offers Rocket.Chat platform for video conferencing, helpdesk chat, file sharing, TEX math rendering, screen sharing, voice messages, link preview, API, native applications, and mobile applications. The company also provides white labeling, integrations, data import, feature development, and hosting services. Rocket.Chat Holdings, Ltd. was founded in 2015 and is headquartered in Porto Alegre, Brazil with additional offices in Brazil, the United States, Canada, Spain, Ecuador, Uruguay, Ukraine, Germany, China, and Portugal.

STILINGUE

Series A in 2019
Stilingue Inteligencia Artificial Ltda. is a Brazilian company founded in 2014 and headquartered in São Paulo. It specializes in developing artificial intelligence software designed for social media analysis. The company offers an AI SaaS platform that effectively listens to, summarizes, and prioritizes customer feedback, catering to prominent brands such as Natura, Itaú, Claro, Bradesco, and Kroton. Stilingue's natural language processing technology is noted for its superior performance in Spanish and Portuguese, outpacing offerings from major technology firms. With a workforce of nearly 200 employees, including many with advanced degrees in artificial intelligence, Stilingue is positioned as a leader in its field.

GreenPlat

Seed Round in 2019
GreenPlat is a technology company whose purpose is to accelerate cleaner production. It has developed a blockchain-based SaaS ESG (Environmental – Social – Governance) that tracks and monitors processes and supply chains.

Solides Tecnologia

Venture Round in 2019
Solides Tecnologia S.A. develops and operates a HR platform to recruit, develop, and retain talent. The company specializes in behavioral profiling software used in the recruitment and selection, behavior management, and people development process by HR professionals, coaches, educators, and trainers. The company was founded in 2015 and is based in Belo Horizonte, Brazil.

Adianta

Venture Round in 2019
Adianta is a financial service company that offers a platform for clients to grant working capital for small and medium businesses. The company also specializes in receivables prepayment, loan, invoice finance, SME, cash flow, MPE, secured account, financial institution, and banks. Adianta was named Ciab Febraban 2016 - Brazil's TOP 10 FINTECH. It was founded in May 2016 and is headquartered in Sao Paulo, Brazil.

Axur

Series A in 2019
Axur is a digital risk protection platform that leverages artificial intelligence and machine learning to help businesses identify and mitigate online threats to their security and reputation. The platform addresses a range of risks, including digital fraud, data leakage, and threats to brand integrity, by analyzing data and employing automated tools. By detecting and neutralizing these dangers, Axur enables companies to enhance their digital presence and maintain the trust of their customers. Its mission is to empower brands to navigate the complexities of the online landscape, ensuring a safer and more reliable digital experience for both businesses and their clients.
With over 18 years of experience, GESTO is a national pioneer in the development of solutions to help companies manage efficiently the health of their employees while avoiding costs. The company was founded through a partnership between the founding partners - the doctor Bento Toledo Brill and engineer Fabiana Salles. After being incubated by Innovation Center, Entrepreneurship and Technology (Cietec), won major accounts and continued to grow exponentially. The company received investments from DGF (2013) and Redpoint Eventures (2018). Currently, as a broker (fixer) helps companis control costs, by managing their health plan throught a proprietary BI with over 6 million lives.

Reclame Aqui

Series A in 2018
Reclame Aqui is a website that enables its users to post complaints about products and services offered by various companies. The company also specializes in social business, reviews, customer service, and reputation. Reclame Aqui was founded in 2001 and is headquartered in Sao Paulo, Brazil.

Intellibrand

Venture Round in 2017
Intellibrand develops intelligence data web application that helps manufacturers, brands, and retailers to improve their digital sales performance. The product includes assortment and on shelf availability of products, visibility to consumers, digital merchandizing, automated content distribution, and on-line pricing and competition monitoring. The company also offers promotion and merchandizing auditing, compliance monitoring services, ratings and reviews, and mapping of shopper's intelligence. Intellibrand was founded in 2013 and is based in São Paulo, Brazil.

RD Station

Series C in 2016
RD Station provides an intuitive and integrated marketing automation platform to help businesses get a better ROI on digital ad spending using fewer programs and tools. With the cloud-based RD Station software, clients can track leads, create landing pages, drive inbound traffic, distribute content, monitor social media, and more, all in one place. In addition to the user-friendly technology, RD Station offers free educational resources like eBooks, webinars, courses, templates, and follow-up implementation services to ensure that even the most digitally inexperienced clients become marketing mavens. It was founded in 2011 and is headquartered in Florianópolis, Brazil.

WebRadar

Venture Round in 2016
WebRadar is a Telecom Engineering company focused in quality, performance and optimization management. To achieve these objectives, it develops software systems for wireless and wireline telecom operators and telemetry systems for road transport management and gas station management. The company generates business intelligence by processing large volumes of unstructured data for companies spread around the world.

Ingresse

Series B in 2015
Ingresse is a Brazilian social ticketing company that enables people to discover the concerts, nightclubs, parties, and theater plays of their choice. It connects organizers to their audience through an intuitive platform. Any user can post an event on Ingresse. Event creation is crowdsourced to organizers and performers. Through the platform, people have the ability to learn which of their friends will be attending specific events, where these friends will be sitting in the venue, and browse their friends’ opinions and reviews. Organizers can download Ingresse's mobile apps to validate their tickets at the door, turning their phones into scanners. The company's aim is to help people finding the right events and getting them in. Ingresse was founded in 2012.

Geofusion

Acquisition in 2015
Geofusion Sistemas e Serviços de Informática S/A is a Brazilian company specializing in geographic market intelligence solutions. Founded in 1996 and headquartered in São Paulo, Geofusion offers a range of tools designed to enhance business decision-making and expansion strategies. Its products include OnMaps, an online geo-marketing tool, and Enterprise, which provides access to comprehensive information about business establishments across Brazil. Additionally, the company offers Geofusion Advisor and OnData tools, as well as solutions for business intelligence, territory management, and network potential. Geofusion serves various industries, including retail, consumer goods, services, education, and real estate, helping clients make informed investments and optimize their market presence.

Geofusion

Private Equity Round in 2015
Geofusion Sistemas e Serviços de Informática S/A is a Brazilian company specializing in geographic market intelligence solutions. Founded in 1996 and headquartered in São Paulo, Geofusion offers a range of tools designed to enhance business decision-making and expansion strategies. Its products include OnMaps, an online geo-marketing tool, and Enterprise, which provides access to comprehensive information about business establishments across Brazil. Additionally, the company offers Geofusion Advisor and OnData tools, as well as solutions for business intelligence, territory management, and network potential. Geofusion serves various industries, including retail, consumer goods, services, education, and real estate, helping clients make informed investments and optimize their market presence.

RD Station

Series B in 2015
RD Station provides an intuitive and integrated marketing automation platform to help businesses get a better ROI on digital ad spending using fewer programs and tools. With the cloud-based RD Station software, clients can track leads, create landing pages, drive inbound traffic, distribute content, monitor social media, and more, all in one place. In addition to the user-friendly technology, RD Station offers free educational resources like eBooks, webinars, courses, templates, and follow-up implementation services to ensure that even the most digitally inexperienced clients become marketing mavens. It was founded in 2011 and is headquartered in Florianópolis, Brazil.

Mercado Eletrônico

Private Equity Round in 2015
Mercado Eletrônico S.A. is a provider of B2B e-commerce solutions tailored for companies in Latin America. Founded in 1994 by Eduardo Nader, the company is headquartered in Barueri, Brazil. It specializes in offering a range of services including e-Procurement, e-Sourcing, and e-Marketplace solutions, along with help desk, operational, and content services. By facilitating efficient online transactions and procurement processes, Mercado Eletrônico supports businesses in enhancing their operational efficiency and improving their supply chain management.

Concil

Series A in 2014
Concil provides financial and account reconciliation with expertise in online payment transactions. It transforms the complexity of managing its clients’ sales with card on real information, pointing out possible errors, and facilitating the management of their businesses with the reconciliation of debit and credit card, and accounting reconciliation. Concil was founded in 993 and is based in São Paulo, Brazil.

ADTsys

Series A in 2014
ADTsys is an IT company that specializes in cloud computing. The company offers support to the whole IT structure from the support analyst to the TI manager, with development and maintenance of tools that add value to the customer in strategic decisions. ADTsys’ solutions include cloud computing, capacity planning, application security, network operation center, architecture, and orchestration. It was founded in 2009 by Diego Altheman and Pascoal Baldasso.

Ingresse

Series A in 2014
Ingresse is a Brazilian social ticketing company that enables people to discover the concerts, nightclubs, parties, and theater plays of their choice. It connects organizers to their audience through an intuitive platform. Any user can post an event on Ingresse. Event creation is crowdsourced to organizers and performers. Through the platform, people have the ability to learn which of their friends will be attending specific events, where these friends will be sitting in the venue, and browse their friends’ opinions and reviews. Organizers can download Ingresse's mobile apps to validate their tickets at the door, turning their phones into scanners. The company's aim is to help people finding the right events and getting them in. Ingresse was founded in 2012.

RD Station

Series A in 2013
RD Station provides an intuitive and integrated marketing automation platform to help businesses get a better ROI on digital ad spending using fewer programs and tools. With the cloud-based RD Station software, clients can track leads, create landing pages, drive inbound traffic, distribute content, monitor social media, and more, all in one place. In addition to the user-friendly technology, RD Station offers free educational resources like eBooks, webinars, courses, templates, and follow-up implementation services to ensure that even the most digitally inexperienced clients become marketing mavens. It was founded in 2011 and is headquartered in Florianópolis, Brazil.
With over 18 years of experience, GESTO is a national pioneer in the development of solutions to help companies manage efficiently the health of their employees while avoiding costs. The company was founded through a partnership between the founding partners - the doctor Bento Toledo Brill and engineer Fabiana Salles. After being incubated by Innovation Center, Entrepreneurship and Technology (Cietec), won major accounts and continued to grow exponentially. The company received investments from DGF (2013) and Redpoint Eventures (2018). Currently, as a broker (fixer) helps companis control costs, by managing their health plan throught a proprietary BI with over 6 million lives.

Ingresse

Seed Round in 2012
Ingresse is a Brazilian social ticketing company that enables people to discover the concerts, nightclubs, parties, and theater plays of their choice. It connects organizers to their audience through an intuitive platform. Any user can post an event on Ingresse. Event creation is crowdsourced to organizers and performers. Through the platform, people have the ability to learn which of their friends will be attending specific events, where these friends will be sitting in the venue, and browse their friends’ opinions and reviews. Organizers can download Ingresse's mobile apps to validate their tickets at the door, turning their phones into scanners. The company's aim is to help people finding the right events and getting them in. Ingresse was founded in 2012.

Mastersaf

Private Equity Round in 2010
Mastersaf is focused on the development of software solutions for tax and accounting. It offers MASTERSAF DFe, MASTERSAF DW | MASTERSAF GF, MASTERSAF Smart, MASTERSAF Tax Analyser, and more. Mastersaf was acquired by Thomson Reuters in May 2011. Mastersaf was founded in 1998.

Scup

Seed Round in 2009
Scup Ltda. operates a social media productivity platform. The company monitors customers and their brands on Twitter, Facebook, YouTube, blogs, Websites, and other social media; identifies influential people and the ones who are talking about the client’s brand; posts on client’s social networks; and generates reports and analyzes results. It offers various package options for small companies, brands highly involved with social media, and agencies or companies envisioning market research. The company was incorporated in 2008 and is based in Sao Paulo, Brazil. It also has operations in the United States. As of April 30, 2016, Scup Ltda. operates as a subsidiary of Sprinklr Inc.

Softway

Private Equity Round in 2009
Softway provides its clients with foreign trade software solutions. it was established in 1996 and is based in Campinas, Goias.

Digipix

Series A in 2008
Digipix offers customization services for photobooks, photopresents, graphic materials, and decoration items. Digipix works to provide creative and innovative ways to preserve memories and share unique moments that people do not want time erasing. A modern photo printing laboratory in Latin America. The company offers quality, convenience, and ease at prices and delivers with consistency, predictability, and transparency. The company was founded on 2004 and is based in São Paulo, Brazil.

Daitan Group

Series A in 2006
Daitan builds core technology, data solutions and software products that scale with real-time performance. Since 2004, clients have relied on Daitan because we deliver quality results, while de-risking projects and accelerating time-to-market. With locations in the USA, Canada and Brazil, Daitan works with large multi-billion dollar global corporations and entrepreneurial start-ups to help them build ground-breaking software products. The company brings engineering expertise in a wide range of technologies, frameworks and tools. Our work covers data-driven approaches such as, Data Engineering and BI & Analytics; and leverages highly reliable and scalable infrastructure such as, Microservices and Containers in public and private Clouds; and is delivered following modern processes including, User Experience Design, Agile Software Development and DevOps practices to ensure not only fast delivery cycles, but also high quality standards and adherence to user requirements that produce positive business outcomes. Daitan Group was founded in 2004 by Augusto Cavalcanti and is based in California.

Wappa

Seed Round in 2005
Wappa is an online platform based in Sao Paulo that provides taxi hailing, payment, and management services. Launched in 2005, it connects businesses and customers through a mobile application that facilitates cab booking and parcel delivery. The platform allows users to manage reports and analyze data in real time, catering to both corporate clients and the general public. By offering a differentiated service system, Wappa aims to ensure safe travel and efficient parcel delivery while optimizing costs and processes for its clients.