About Darwin Startups
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 57 startups in sectors like Enterprise Applications, FinTech. As of Oct 2026, Darwin Startups has witnessed 4 portfolio exits. Most notable companies in
its portfolio include CondoConta, Data Rudder and Ocean Drop. The program is backed by a team of 12 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
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Darwin Startups' List of Top Investments
Darwin Startups has a portfolio of 57 companies. Their most notable investments are in InvestPlay and reviewr.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. 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: 134 as on Aug 31, 2026
- Investors: Redpoint Ventures, Igah Ventures and 9 Others
- Latest Funding Round: Series A, Nov 13, 2023, $*****
- Highlight: Editors' Pick

2. Data Rudder
Provider of a platform for transactional fraud protection and risk detection. It offers tools for detecting fraud in various transaction types. The platform includes features such as data enrichment, risk scoring, and fraud detection. It helps institutions meet regulatory requirements related to fraud prevention. The platform supports integration via API and provides visualization of relationship networks.
Key facts about Data Rudder
- Founded Year: 2018
- Location: Florianopolis (Brazil)
- Stage: Series A
- Total Funding till date: $2.62M
- Employee Count: 40 as on Sep 30, 2026
- Investors: BTG Pactual, L4 Venture Builder and 3 Others
- Latest Funding Round: Series A, Nov 14, 2023, $*****
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3. 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: 141 as on Sep 30, 2026
- Investors: Darwin Startups, Caravela Capital and 2 Others
- Latest Funding Round: Series B, Mar 06, 2023, $*****
4. 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: 41 as on Aug 31, 2026
- Investors: HBS Alumni Angels Association, BTG Pactual and 4 Others
- Latest Funding Round: Series A, Jul 07, 2023, $*****
- Highlight: Editors' Pick
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5. Nextcode
Nextcode provides identity verification solution. The solution offered by the company leverages computer vision image processing, OCR data collection, machine learning, text mining to provide authentication solution.
Key facts about Nextcode
- Founded Year: 2015
- Location: Florianopolis (Brazil)
- Stage: Seed
- Employee Count: 57 as on Sep 30, 2026
- Investors: Plug and Play Tech Center and Darwin Startups
- Latest Funding Round: Seed, Dec 14, 2018, $*****
Darwin Startups' Year-on-Year Investment Trends
Darwin Startups has invested in 57 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.Year | No. of Investments | ||
|---|---|---|---|
1st 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 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 6 | 0 | 6 |
2017 | 2 | 0 | 2 |
Darwin Startups' Investments by Stage
Darwin Startups has made 17 investments in Seed stage with an average round size of $527K.Darwin Startups' Investments by Sector
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 49 Tech companies, 40 Enterprise (B2B) companies, 39 Software companies and at least 17 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
FinTech | 6 |
High Tech | 6 |
Business Services | 2 |
Consumer | 2 |
Others | 15 |
Note: We have considered here, only first round of investments
Darwin Startups' Investments by Geography
Darwin Startups has made most investments in Brazil (17).Darwin Startups' recent investments
Darwin Startups has not made any investment in 2026 so far.Here are the most recent investments by Darwin Startups:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 09, 2024 | Brazil | Seed | 9932 | ||
Dec 15, 2023 | Brazil | Seed | 2737 | [+1] | |
May 30, 2022 | Brazil | Seed | 5823 | - | |
May 30, 2022 | Brazil | Seed | 2335 | - | |
May 30, 2022 | Brazil | Seed | 9541 | - |
Acquired companies in Darwin Startups' Portfolio
4 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:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 20, 2025 | - | - | 1088 | |
Jun 01, 2023 | - | - | 2803 | |
Dec 15, 2022 | - | - | 7459 | |
Feb 25, 2022 | - | - | 6574 |
Team profile of Darwin Startups
Darwin Startups has a team of 12 members including 4 Partners 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 |
|---|---|---|---|---|
Partner | Brazil | - | ||
Partner | Brazil | - | ||
Partner | Brazil | - | ||
Partner | Santa Catarina | - | - |
Co-investors 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).
Recent News related to Darwin Startups
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Darwin's evolution in eight years, the accelerator portfolio reaches $ 1 billion in market valueScinova•May 20, 2024•Darwin Startups
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4MDG, AI startup for data governance, receives a contribution of R $ 3.8 millionFusoes & Aquisicoes•Feb 16, 2024•4MDG, BR Angels, Darwin Startups
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4MDG Attrai BR Angels and Darwin with platform to organize dataFusoes & Aquisicoes•Feb 10, 2024•4MDG, BR Angels, Darwin Startups
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Proptech CondoConta Raises US$3.5 Million in DebtContxto•Jan 18, 2022•CondoConta, Igah Ventures, Redpoint Ventures, Darwin Startups
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