When was Darwin Startups founded?

Darwin Startups was founded in 2015.

Where is Darwin Startups' headquarters located?

Darwin Startups' headquarters is located in Florianopolis (Brazil).

How big is Darwin Startups' investment team?

Darwin Startups has a team of 17, including 5 partners.

How many companies has Darwin Startups invested in?

Darwin Startups has invested in 58 companies, including netspaces & CondoConta.

Which companies has Darwin Startups invested in lately?

4MDG & InvestPlay are the latest investments by Darwin Startups.

How many exits has Darwin Startups been involved in?

Darwin Startups' portfolio has seen 5 acquisitions.

Darwin Startups - 2026 Investor Profile, Portfolio, Team & Investment Trends

Darwin Startups, an accelerator and incubator program founded in 2015, is based in Florianopolis, Brazil. With a presence in 1 country, it has supported around 58 startups in sectors like Enterprise Applications, FinTech. As of Jul 2026, Darwin Startups has witnessed 5 portfolio exits. Most notable companies in its portfolio include netspaces, CondoConta and PayFace. The program is backed by a team of 17 people who primarily support Seed startups based in Brazil. Its latest investment was a $766K Seed round in 4MDG on Feb 09, 2024 along with BR Angels.

Key Metrics

Founded Year

2015

Location

Florianopolis, Brazil

Portfolio Companies

netspaces, CondoConta & 56 more

Sectors of Investment

Enterprise Applications, FinTech & 21 more

Stages of Investment

Seed

Locations of Investment

Brazil

View Darwin Startups's full profile

Darwin Startups has a portfolio of 58 companies. Their most notable investments are in reviewr and Globalbot.Their portfolio spans across and Brazil. They have invested in Enterprise Applications, FinTech, High Tech and 20 other sectors, across stages such as Seed stage. Here is the list of top investments by Darwin Startups:

1. netspaces

Online platform for the creation, transaction, and management of digital properties. The company offers a blockchain-based platform to create and invest in digital properties. Features include registration with RGI, offering digital wallet purchases, sales, income control, and more.

Key facts about netspaces

Founded Year: 2021
Location: Porto Alegre (Brazil)
Stage: Seed
Employee Count: 56 as on May 31, 2026
Investors: Brazil Venture Capital, Darwin Startups and 1 Other
Latest Funding Round: Seed, May 30, 2022, $*****

2. CondoConta

Developer of a digital bank for individuals. Its banking services include deposit accounts, money transfers, bill payments, tracking of revenues, and more. It provides an app-based platform that is available on iOS and Android devices.

Key facts about CondoConta

Founded Year: 2018
Location: Sao Jose (Brazil)
Stage: Series A
Total Funding till date: $26.2M
Employee Count: 119 as on May 31, 2026
Investors: Igah Ventures, Redpoint eventures and 9 Others
Latest Funding Round: Series A, Nov 13, 2023, $*****
Highlight: Editors' Pick

3. PayFace

Online platform for payments in restaurants. It provides a dashboard to monitor transactions. Payment solutions integrated with retail automation software. The payment process does not require cards, cell phones, smartwatches, and other accessories. It can be accessed through the app available on iOS and Android devices.

Key facts about PayFace

Founded Year: 2018
Location: Florianopolis (Brazil)
Stage: Series A
Total Funding till date: $9.8M
Employee Count: 49 as on May 31, 2026
Investors: HBS Alumni Angels Association, BTG Pactual and 4 Others
Latest Funding Round: Series A, Jul 07, 2023, $*****
Highlight: Editors' Pick

4. Joga

Provider of football school and club management software with athlete app. The platform offers administrative and financial management for football schools and clubs, including student, class, and staff management, online billing, and delinquency tracking. It provides tools for methodology control, training and match records, and scouting registration to support technical development. An integrated application allows athletes, guardians, and coaches to access attendance, communications, and evaluations, with features such as performance reports, rankings, and evolution bulletins. The system also generates indicators dashboards, activity calendars, and automated images for social media to help organizations grow and engage their communities.

Key facts about Joga

Founded Year: 2018
Location: Florianopolis (Brazil)
Stage: Funding Raised
Employee Count: 35 as on May 31, 2026
Investors: Darwin Startups

5. Ocean Drop

Key facts about Ocean Drop

Founded Year: 2016
Location: Balneario Camboriu (Brazil)
Stage: Series B
Total Funding till date: $3.67M
Employee Count: 140 as on May 31, 2026
Investors: Caravela Capital, Darwin Startups and 2 Others
Latest Funding Round: Series B, Mar 06, 2023, $*****

View the full list of portfolio companies

Darwin Startups has invested in 58 companies over the last 10 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in 4MDG.

Here are Darwin Startups' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	1	0	1
2023	1	0	1
2022	5	0	5
2021	2	0	2
2020	0	0	0
2019	0	0	0
2018	6	0	6
2017	2	0	2

View all investments by Darwin Startups

Darwin Startups has made 18 investments in Seed stage with an average round size of $514K.

View all investments by Darwin Startups

Darwin Startups has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Business Services and Consumer. Notably, it has invested in 50 Tech companies, 40 Enterprise (B2B) companies, 40 Software companies and at least 18 companies focusing on Consumer (B2C).

Here are Darwin Startups' investments by sector:

Sector	No. of Investments
Enterprise Applications	7
FinTech	7
High Tech	6
Business Services	2
Consumer	2
Others	15

Note: We have considered here, only first round of investments

View all investments by Darwin Startups

Darwin Startups has made most investments in Brazil (18).

View all investments by Darwin Startups

Darwin Startups has not made any investment in 2026 so far.

Here are the most recent investments by Darwin Startups:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Feb 09, 2024	4MDG	Brazil	Seed	2024	BR Angels
Dec 15, 2023	InvestPlay	Brazil	Seed	3395	BRQ [+1]
May 30, 2022	Ponto Facil	Brazil	Seed	2553	-
May 30, 2022	SenseUp	Brazil	Seed	4807	-
May 30, 2022	LinKapital	Brazil	Seed	8506	-

See more recent investments made by Darwin Startups

5 companies from Darwin Startups' portfolio have been acquired. The most recent acquisition was Horus Smart Detections in Feb 2025 by Nightingale Partners for $*****.

Here are Darwin Startups' portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Horus Smart Detections	Feb 20, 2025	-	-	7043
Meetime	Jun 01, 2023	-	-	6886
Finansystech	Feb 14, 2023	Nov 29, 2021	Seed	6000
BoletoFlex	Dec 15, 2022	-	-	1488
Flow Finance	Feb 25, 2022	-	-	9116

View all acquired companies in Darwin Startups' portfolio

Darwin Startups has a team of 17 members including 5 Partners and 1 Principal located in Brazil. Darwin Startups' team does not sit on the board of any company as of now.

Here is a list of top team members in Darwin Startups:

Name	Designation	Location	Board Memberships	Contact Details
Murilo Domingos	Partner	Brazil	-	1 Email
Marcos Mueller	Partner	Brazil	-	1 Email
Otavio Picasky	Partner	Brazil	-	1 Email
Andre Hotta	Partner	Brazil	-	1 Email
Felipe Althoff	Partner	Brazil	-	-
Emilia Chagas	Principal	Brazil	-	-

View team details of Darwin Startups

Over the past 10 years, 22 investors have co-invested in Darwin Startups's portfolio companies. This includes only funds.

Invested before Darwin Startups: Meta Ventures and Wiztartup have invested in rounds before Darwin Startups. There is 1 company where Meta Ventures has invested before Darwin Startups and 1 company where Wiztartup has invested before Darwin Startups.
Top Co-investors of Darwin Startups: 4 investors entered a company along with Darwin Startups. These include investors like Redpoint Ventures (1 company).
Invested after Darwin Startups: A total of 16 investors have invested in Darwin Startups's portfolio after their investments. Top Investors include EXT Capital (1 company) and CCP (1 company).