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Venture Capital
igahventures.com

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Investments

19

Funds

1

About Igah Ventures

Igah Ventures is a Brazilian venture capital firm as a result of the merger between Joá Investimentos with e.Bricks Ventures.

Igah Ventures Headquarter Location

Rua Professor Atílio Innocenti 165, Itaim Bibi

Sao Paulo, 04538-000,

Brazil

+55 11 3050-0755

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Latest Igah Ventures News

Contabilizei raises a Softbank-led round of $60 million

Mar 10, 2022

The Brazilian online accounting platform Contabilizei announced this Thursday (10) that it received a $60 millionround led by Softbank and followed by Goldman Sachs and Pruven Capital, who are now part of the company’s investors, which already includes Kaszek, Point 72, Quona, the World Bank (IFC) and Igah Ventures. Created in 2013 in Curitiba, Southern Brazil , the startup provides accounting services to small and medium companies with annual revenue of up to BRL 4.8 million and helps them deal with tax bureaucracy. According to the founder and CEO Vitor Torres, social isolation and the economic crisis resulting from the COVID-19 pandemic have increased the startup ‘s demand, selling monthly plans ranging from BRL 96 to BRL 349. Vitor Torres, founder and CEO at Contabilizei. The new funding comes about 14 months after Contabilizei received another round, also led by Softbank , of an undisclosed amount, to invest in the provision of accounts payable and payroll services. According to the executive, part of the new resources should go to acquisitions. “The investment will also be used to the team expansion,” said Torres. Contabilizei currently has around 900 employees. This number is expected to rise to more than 1,300 by the end of 2022. “The opportunity that lies on helping small Brazilian entrepreneurs is gigantic. And we see in Contabilizei the company best prepared to offer the support service that these entrepreneurs need, having the ability to grow while maintaining excellence in customer service,” said Carlos Medeiros, partner at SoftBank, in a press release. The company, which claims to have more than 30,000 customers, distributed in more than 60 Brazilian cities, has also recently opened physical units, with stores in shopping malls in São Paulo and Rio de Janeiro. Another six are due to open in 2022, in cities including Curitiba (PR) and Belo Horizonte (MG). Torres declined to reveal how much the company was valued with this latest investment. He added, however, that Contabilizei plans to be a listed company in the coming years. Translated by LABS

Igah Ventures Investments

19 Investments

Igah Ventures has made 19 investments. Their latest investment was in Tembici as part of their Series C - II on January 1, 2022.

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Igah Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/5/2022

Series C - II

Tembici

$15M

No

2

12/23/2021

Seed VC - II

Labi Exames

Yes

1

11/10/2021

Seed VC - III

CondoConta

$1.83M

Yes

2

10/28/2021

Series C

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$99M

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10

10/21/2021

Seed VC

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$99M

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10

Date

1/5/2022

12/23/2021

11/10/2021

10/28/2021

10/21/2021

Round

Series C - II

Seed VC - II

Seed VC - III

Series C

Seed VC

Company

Tembici

Labi Exames

CondoConta

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Amount

$15M

$1.83M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

2

1

2

10

10

Igah Ventures Acquisitions

2 Acquisitions

Igah Ventures acquired 2 companies. Their latest acquisition was e.Bricks Ventures on September 22, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/22/2020

$99M

Merger

1

9/22/2020

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$99M

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10

Date

9/22/2020

9/22/2020

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Merger

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Sources

1

10

Igah Ventures Fund History

1 Fund History

Igah Ventures has 1 fund, including Igah Ventures Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/5/2021

Igah Ventures Fund III

$130M

2

Closing Date

2/5/2021

Fund

Igah Ventures Fund III

Fund Type

Status

Amount

$130M

Sources

2

Igah Ventures Team

5 Team Members

Igah Ventures has 5 team members, including current Founder, Managing Partner, Pedro Sirotsky Melzer.

Name

Work History

Title

Status

Pedro Sirotsky Melzer

Warehouse Investimentos, and Apple

Founder, Managing Partner

Current

Luis Felipe Magon

Vista Capital, and Vinci Partners

Managing Partner

Current

Marcio Trigueiro

Managing Partner

Current

Thiago Soares Zaidan Maluf

Kinea Investimentos

General Partner

Current

Ricardo Hudson

Chief Financial Officer

Former

Name

Pedro Sirotsky Melzer

Luis Felipe Magon

Marcio Trigueiro

Thiago Soares Zaidan Maluf

Ricardo Hudson

Work History

Warehouse Investimentos, and Apple

Vista Capital, and Vinci Partners

Kinea Investimentos

Title

Founder, Managing Partner

Managing Partner

Managing Partner

General Partner

Chief Financial Officer

Status

Current

Current

Current

Current

Former

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