Indicator Capital

Indicator Capital is a venture capital investment firm founded in 2014 and based in Sao Paulo, Brazil. The firm focuses on investing in technology-based sectors, aiming to promote the alignment of entrepreneurs' aspirations, venture success, and investor returns. By providing effective operational tools, leveraging a vast network, and employing a hands-on approach to value creation, Indicator Capital positions itself as a proponent of "investors for the good." This commitment reflects the firm's goal to foster innovation and drive growth within the technology landscape.

Thomas Bittar

Co-Founder and General Partner

Derek Bittar

Co-Founder and General Partner

Guilherme Corona

Analyst

Gabriele Fischer

Associate

Martin Lima

Venture Capital Associate

Laura Marchiori Schiavolin

Analyst

Fabio Iunis de Paula

Co-Founder and General Partner

26 past transactions

IBBX

Venture Round in 2022
IBBx specializes in developing wireless energy technology that enables the transmission of electrical energy through electromagnetic waves. This innovative technology allows for the wireless charging of various electronic devices, including security cameras, smartphones, remote controls, and Internet of Things devices. By providing patents for its proprietary solutions, IBBx offers businesses and individuals new methods for powering their devices, enhancing convenience and efficiency in charging systems.

Rúmina

Series A in 2022
Rúmina engages in providing digital solutions for dairy and beef farmers. Its multi-product platform is designed to promote efficiency gains across the production process. The company was founded in 2020 and is headquartered in Belo Horizonte, Minas Gerais.

Syos

Venture Round in 2022
Syos is a company based in Rio de Janeiro, Brazil, that specializes in developing Internet of Things (IoT) analytics software focused on temperature management for commercial refrigeration systems. Its innovative tools enable manufacturers, retailers, supermarkets, hotels, restaurants, convenience stores, and pharmacies to monitor and manage their cooler fleet operations effectively. By utilizing IoT technology, Syos provides insights into equipment performance, identifies anomalies, and generates customized reports, all accessible through a user-friendly application or web dashboard. This technology aids clients in the food and pharmaceutical sectors in preventing refrigeration malfunctions, thereby minimizing losses and ensuring product quality for consumers.

Beegol

Series A in 2022
Developer of telecommunications machine learning-based platform designed to monitor and improve the quality of experience of broadband and wifi customers. The company's platform provides real-time detection tools that allow operators to identify and react to problems even before customers notice an issue, enabling broadband and wifi customers to optimize corrective actions and reduce network costs.

InfoPrice

Series A in 2021
InfoPrice is a business intelligence company based in São Paulo, Brazil, that focuses on providing price monitoring and analysis services for the retail industry. Founded in 2013, the company has developed a technology platform that allows retailers and industries to digitally collect and store product bar codes, facilitating comprehensive price monitoring. InfoPrice assists its clients in improving profit margins, increasing sales, and formulating effective pricing strategies by offering insights into competitor pricing. Its services cater to a variety of clients, including supermarkets and research institutions, aiming to enhance decision-making within the consumer chain through accessible pricing information.

GamerSafer

Seed Round in 2021
GamerSafer Inc., founded in 2019 and based in San Jose, California, specializes in providing technology tools designed to enhance safety in online gaming environments. The company develops a comprehensive platform that addresses online risks by offering features such as safe login, age verification, player insights, second-factor authentication, and a parent dashboard. GamerSafer focuses on preventing online crimes, disruptive behaviors, and fraud, thereby fostering a positive and fair play experience for players and esports organizations. Through its innovative identity verification technology, GamerSafer aims to combat issues such as toxicity and fraud, ultimately contributing to a safer gaming community.

GamerSafer

Seed Round in 2021
GamerSafer Inc., founded in 2019 and based in San Jose, California, specializes in providing technology tools designed to enhance safety in online gaming environments. The company develops a comprehensive platform that addresses online risks by offering features such as safe login, age verification, player insights, second-factor authentication, and a parent dashboard. GamerSafer focuses on preventing online crimes, disruptive behaviors, and fraud, thereby fostering a positive and fair play experience for players and esports organizations. Through its innovative identity verification technology, GamerSafer aims to combat issues such as toxicity and fraud, ultimately contributing to a safer gaming community.

Monuv

Seed Round in 2021
Monuv is a Brazilian technology company established in 2010, specializing in cloud-based solutions for security video recording. By offering a platform that connects with various security cameras, Monuv enhances their functionality through artificial intelligence, allowing for real-time alerts and improved monitoring capabilities. This transformation of standard security cameras into intelligent devices not only enhances security but also reduces electronic waste by prolonging the life of existing hardware. Monuv prioritizes data protection by storing recorded videos in advanced, physically separated data centers within Brazil, ensuring high availability and security. The videos are encrypted, and the company employs mission-critical technologies to maintain stability and safeguard the integrity of its services.

IOUU

Seed Round in 2020
IOUU Tecnologia e Serviços Financeiros Ltda. is a Brazilian fintech company established in 2016, based in Sao Paulo. The firm specializes in providing a peer-to-peer lending platform that connects micro and small businesses with investors seeking to lend. By offering loans at lower interest rates than traditional banks, IOUU aims to democratize access to finance and enhance financial inclusion. The platform adheres to the regulations set by the National Financial System and the Central Bank, ensuring compliance and security. By leveraging technology and innovative solutions, IOUU provides a more efficient and transparent alternative to conventional lending, thereby facilitating better credit access for businesses and individuals. The company's commitment to ethical practices and responsible lending is central to its mission of delivering greater value and opportunities to its customers.

Ânimo Wellness

Pre Seed Round in 2019
Ânimo Wellness LLC, founded in 2018 and based in São Paulo, Brazil, is focused on transforming the wellness landscape through its innovative audio-fitness application. The Ânimo app provides users with workout guidance accompanied by music, enhancing the overall fitness experience. Available for download on both Google Play and the Apple Store, the app aims to promote a healthier lifestyle by integrating engaging audio content into workout routines. Through its commitment to wellness, Ânimo is positioning itself as a key player in the Brazilian fitness market.

TEVEC

Seed Round in 2019
Tevec Platform is a pioneer in the application of “machine learning” for the recognition of demand behavior patterns, automating the whole process of forecasting and calculation of ideal product restocking lots at points of sale and distribution centers, allowing sales planning control, service level and regulatory stocks.

threedy AI

Seed Round in 2018
Solving the 3D Content Problem in Enterprise with AI. Threedy.ai Can Turn Any 2D Photo Into A 3D Object In Seconds

hCentrix

Seed Round in 2018
Our products brings data analytics and artificial intelligence in real time to making smarter decisions and taking better actions at operational level (procedures authorization, claims analysis, referrals to specials providers or specific programs the high risk patients etc.). hCentrix's founders sum up more than 40 years experience in the Brazilian Healthcare System - they had already made a disruptive innovation in the healthcare marketplace with AxisMed, the first disease management company in Brazil and had established the patterns of this market.

RetailApp

Series A in 2018
RetailApp Inc. develops an integrated retail performance management tool aimed at helping retailers enhance sales and improve margins. Founded in 2014 and headquartered in Miami, Florida, with an additional office in Sao Paulo, Brazil, the company provides a software solution that offers real-time visibility into key performance indicators (KPIs) essential for measuring business success and identifying growth opportunities. RetailApp's platform integrates various data sources, ensuring secure information management while enabling customizable access for users. The software also features an integrated communication and social platform for employees, facilitating collaboration and actionable insights to drive retail performance.

Jawbone Health

Convertible Note in 2018
Jawbone Health Hub, Inc. is a San Francisco-based company that specializes in health data analytics. Founded in 2017, it focuses on collecting consumer health data and utilizing machine learning and artificial intelligence to generate insights. The primary goal of Jawbone Health is to help users identify lifestyle diseases early and provide guidance towards healthier living. Through its innovative approach, the company aims to empower individuals to take control of their health by leveraging data-driven insights.

ARVORE

Seed Round in 2018
ARVORE Immersive Experiences, founded in 2017 and based in São Paulo, Brazil, specializes in creating interactive experiences and games for high-end immersive platforms, including virtual reality, augmented reality, and mixed reality. The company focuses on developing innovative storytelling that connects users to immersive worlds, aiming to redefine how narratives are experienced through technology. By incorporating new methodologies, ARVORE designs unique immersive environments and storytelling franchises, enhancing the engagement of gamers and enthusiasts alike.

Back4app

Seed Round in 2018
Back4App, Inc. is a company that provides an open-source backend platform aimed at assisting developers in building scalable and extensible applications more efficiently. Founded in 2015 and headquartered in Sunnyvale, California, Back4App utilizes the Parse framework to enhance the application development process. The platform is hosted on AWS and includes features such as smart database indexing, query optimization, auto-scaling, automated backups, and redundant storage, all designed to streamline backend development. Additionally, Back4App offers a range of Parse Server project examples, enabling developers to build and host APIs for web, mobile, and IoT applications.

Social Miner

Seed Round in 2018
Social Miner is a marketing automation platform that uses AI and people marketing to identify visitors, interests and engage them inside and outside websites. Social Miner is a Brazil-based web services startup that helps companies understand the profile and behavior of its users through data collected from social networks and navigation.

ARVORE

Seed Round in 2018
ARVORE Immersive Experiences, founded in 2017 and based in São Paulo, Brazil, specializes in creating interactive experiences and games for high-end immersive platforms, including virtual reality, augmented reality, and mixed reality. The company focuses on developing innovative storytelling that connects users to immersive worlds, aiming to redefine how narratives are experienced through technology. By incorporating new methodologies, ARVORE designs unique immersive environments and storytelling franchises, enhancing the engagement of gamers and enthusiasts alike.

ARVORE

Pre Seed Round in 2017
ARVORE Immersive Experiences, founded in 2017 and based in São Paulo, Brazil, specializes in creating interactive experiences and games for high-end immersive platforms, including virtual reality, augmented reality, and mixed reality. The company focuses on developing innovative storytelling that connects users to immersive worlds, aiming to redefine how narratives are experienced through technology. By incorporating new methodologies, ARVORE designs unique immersive environments and storytelling franchises, enhancing the engagement of gamers and enthusiasts alike.

EduQC

Seed Round in 2017
EduQC is an Edtech startup focused on developing tools and methods to promote self-learning.

Back4app

Seed Round in 2017
Back4App, Inc. is a company that provides an open-source backend platform aimed at assisting developers in building scalable and extensible applications more efficiently. Founded in 2015 and headquartered in Sunnyvale, California, Back4App utilizes the Parse framework to enhance the application development process. The platform is hosted on AWS and includes features such as smart database indexing, query optimization, auto-scaling, automated backups, and redundant storage, all designed to streamline backend development. Additionally, Back4App offers a range of Parse Server project examples, enabling developers to build and host APIs for web, mobile, and IoT applications.

Worldpackers

Seed Round in 2016
Worldpackers is an online marketplace that connects travelers with hosts worldwide, facilitating the exchange of skills for accommodation. Founded in 2013, the platform aims to enhance travel accessibility by fostering collaboration and genuine relationships within a community of like-minded individuals. Based in São Paulo, Brazil, Worldpackers allows users to discover unique locations while offering their skills in return for lodging, thereby enabling profound cultural experiences. The company was inspired by the personal journeys of its founders, Riq Lima and Eric Faria, who both sought to explore the world through meaningful interactions and resourcefulness. Worldpackers promotes a model of travel that emphasizes learning and cultural exchange, making it a valuable resource for those looking to immerse themselves in different cultures while minimizing travel costs.

Medicinia

Series A in 2014
Medicinia owns and operates an online platform that connects doctors with their patients and other doctors. It also provides telemedicine for operators, hospitals, and companies. Medicinia was founded by Daniel Branco in on October 14, 2012, and is headquartered in Sao Paulo, Brazil.

Iugu

Seed Round in 2014
Iugu Serviços na Internet S/A is a Brazilian company that provides an online platform focused on financial automation, signature management, and marketplace solutions. Established in 2013 by Marcelo Paez and Patrick Negri, the company is headquartered in São Paulo. Iugu aims to streamline financial processes for businesses, allowing them to manage transactions and documentation more efficiently.

Iugu

Seed Round in 2012
Iugu Serviços na Internet S/A is a Brazilian company that provides an online platform focused on financial automation, signature management, and marketplace solutions. Established in 2013 by Marcelo Paez and Patrick Negri, the company is headquartered in São Paulo. Iugu aims to streamline financial processes for businesses, allowing them to manage transactions and documentation more efficiently.
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