Canary

Canary is a leading early-stage venture capital firm based in São Paulo, Brazil, recognized as a foundational investor in Latin America's burgeoning startup ecosystem. Since its inception, Canary has positioned itself as the "first partner" for ambitious founders across the region, primarily focusing on pre-seed and seed-stage companies. Their strategic location in Brazil's economic hub allows them to be deeply embedded in the local tech scene, while their regional outlook extends their reach across Latam.

Canary's investment thesis centers on identifying high-potential startups early on and providing not just capital but also significant operational support and network access. They are known for their speed and founder-friendly approach, aiming to be the initial institutional investor that helps companies establish their product-market fit and scale. The firm has demonstrated substantial growth in its capital base, successfully closing its fourth fund, Canary IV, at $100 million in 2022. This latest fund brought their total assets under management to over $200 million across their four dedicated funds, underscoring their commitment and capacity to fuel the next generation of Latam tech giants.

With a portfolio exceeding 100 companies, Canary has played a pivotal role in shaping the Latam startup landscape, backing ventures across diverse sectors such as fintech, SaaS, logistics, and healthcare. Their typical initial investment, or first check, ranges from approximately $200,000 to $1 million, positioning them as a crucial early-stage capital provider. This initial capital is often vital for startups to build their initial team, develop their MVP, and achieve early traction. Canary's long-term vision includes providing follow-on funding to support their portfolio companies through subsequent growth stages, reinforcing their commitment as a true partner from inception through scale.