Darwin Startups announced a $20M (R$100M) fund to invest in pre-seed and seed startups. Darwin will do a first closing of $13.5M (R$70M) in 2024, and it will also make its first investment this year.
Darwin’s investment thesis is agnostic, expanding beyond fintech to include sectors like health, agriculture, education, and logistics, with checks ranging from $200k to $1.5M.
Darwin Startups is a Brazilian accelerator founded in Santa Catarina who partners with corporate initiatives like Google For Startups and Fundo Vale to support early-stage startups with investment and mentorship.
“We will have corporations investing in the new fund, but we also want to bring in new partners, such as family offices and institutional investors, who previously couldn’t invest with us because our vehicles didn’t meet their required parameters,” said Marcos Mueller, CEO at Darwin Startups.
Founded in 2015, Darwin has $6M in assets under management, and its portfolio of over 100 investments includes companies like CondoConta and Payface.
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