About Bicycle Capital
Bicycle Capital is a venture capital firm founded in 2022. It is primarily based out of Miami, United States. As of Apr 2026, Bicycle Capital is an active investor, having invested in 7 companies, with 4 new investments in the last 12 months. It primarily invests in Series B round in Brazil based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series C round of Platacard Overall, Bicycle Capital portfolio has seen 3 unicorns, namely Glean, Wellhub and Platacard. A lot of funds co-invest with Bicycle Capital, with names like Endeavor sharing a substantial percentage of its portfolio. Bicycle Capital has team of 7 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series C & 2 more
Deals in last 12 months
Bicycle Capital's List of Top Investments
Bicycle Capital has a portfolio of 7 companies, including 3 unicorns. Their most notable investments are in Cayena and Mottu.Their portfolio spans across Brazil, United States and Mexico. They have invested in Enterprise Applications, High Tech, Consumer and 9 other sectors, across stages such as Series B, Series C and 2 more. Here is the list of top investments by Bicycle Capital:
1. Glean
Cloud-based platform for enterprise search. It provides software to conduct searches through enterprise apps and content. It also offers a purpose-based search for processes like hiring and assigning tasks. It has integrations with Figma, Slack, Box, Gitlab, Google, Asana etc.
Key facts about Glean
- Founded Year: 2019
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $765M
- Employee Count: 1,528 as on Mar 31, 2026
- Investors: Adams Street Partners, American Express Ventures and 51 Others
- Latest Funding Round: Series F, Jun 10, 2025, $*****
- Highlight: Editors' Pick
2. Wellhub
Cloud based corporate wellness program for employee health, productivity, and retention. It provides employees with access to fitness, mindfulness, therapy, nutrition, and sleep options through a subscription service. It offer wellness benefits to team by connecting employees to a enhancing wellbeing community. The platform includes a variety of resources and support for overall employee health and wellbeing.
Key facts about Wellhub
- Founded Year: 2012
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $85M
- Employee Count: 1,975 as on Mar 31, 2026
- Investors: SoftBank Group, Neuberger Berman and 21 Others
- Latest Funding Round: Series F, Aug 23, 2023, $*****
- Highlight: Editors' Pick
3. Platacard
Provider of credit cards with cashback rewards and installment payment options. The company offers credit cards that allow users to earn cashback on purchases within selected categories. It also provides the option to convert transactions into monthly installments with interest. The company offers a mobile application for managing payments, transfers, and card-related activities.
Key facts about Platacard
4. Mottu
Online bike rentals platform for delivery professionals. Users can book their ride by providing rental period, location, and more. Also, users can select the payment options of their choice, fix the scheduled pickup location, and more. The mobile app is available for both Android and iOS devices.
Key facts about Mottu
- Founded Year: 2019
- Location: Sao Paulo (Brazil)
- Stage: Series C
- Total Funding till date: $150M
- Employee Count: 1,384 as on Mar 31, 2026
- Investors: Tiger Global Management, Base Partners and 8 Others
- Latest Funding Round: Series C, Sep 15, 2023, $*****
- Highlight: Editors' Pick
5. Cayena
Online retailer of wholesale food supplies for restaurants and businesses. It provides a platform for purchasing meat, cheese, grocery items, and packaging. The platform offers a catalog of products from various suppliers. It facilitates order placement and delivery services. The platform also offers payment and customer support.
Key facts about Cayena
- Founded Year: 2019
- Location: Itaim Bibi (Brazil)
- Stage: Series B
- Total Funding till date: $76M
- Employee Count: 424 as on Mar 31, 2026
- Investors: MSA Capital, Endeavor and 23 Others
- Latest Funding Round: Series B, Sep 20, 2024, $*****
- Highlight: Editors' Pick
Bicycle Capital's Year-on-Year Investment Trends
Bicycle Capital has invested in 7 companies over the last 3 years, with an average of 2 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in Platacard.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 0 | 3 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
Bicycle Capital's Investments by Stage
Bicycle Capital has made 2 investments in Series B stage with an average round size of $50.9M, 2 investments in Series C stage with an average round size of $228M, 1 investment in Series A stage with an average round size of $47M and 1 investment in Series F stage with an average round size of $150M.Stage of entry | No. of Investments |
|---|---|
Series B | 2 |
Series C | 2 |
Series A | 1 |
Series F | 1 |
Note: We have considered here, only first round of investments
Bicycle Capital's Investments by Sector
Bicycle Capital has a diverse portfolio, with companies operating in the Consumer, Retail, Transportation and Logistics Tech, Auto Tech and Enterprise Applications. Notably, it has invested in 6 Tech companies, 5 Enterprise (B2B) companies, 3 Consumer (B2C) companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 3 |
Retail | 2 |
Transportation and Logistics Tech | 2 |
Auto Tech | 1 |
Enterprise Applications | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
Bicycle Capital's Investments by Geography
Bicycle Capital has made most investments in Brazil (4), followed by Mexico where it has made 1 investment.Country | No. of Investments |
|---|---|
Brazil | 4 |
Mexico | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Bicycle Capital's recent investments
Bicycle Capital has made 1 investments in 2026 so far - Platacard.Here are the most recent investments by Bicycle Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 16, 2026 | Mexico | Series C | 9673 | [+6] | |
Nov 11, 2025 | Brazil | Series A | 1538 | - | |
Nov 10, 2025 | Brazil | Series B | 3875 | [+1] | |
Jun 10, 2025 | United States | Series F | 6205 | [+16] | |
Sep 20, 2024 | Brazil | Series B | 6795 | [+8] |
Unicorns in Bicycle Capital's Portfolio
Bicycle Capital has 3 unicorns in its portfolio - Platacard, Glean and Wellhub. The most recent unicorn in their portfolio is Platacard. It became a unicorn in 2025, 1 years before Bicycle Capital first invested in it.Here is a list of unicorns in Bicycle Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of credit cards with cashback rewards and installment payment options | 2022 | Mexico City | Series C | fqo{nxq | ||
78 | Cloud-based platform for enterprise search | 2019 | Palo Alto | Series F | tuvhgbu | ||
74 | Cloud based corporate wellness program for employee health, productivity, and retention | 2012 | New York City | Series F | dfkawsf |
Team profile of Bicycle Capital
Bicycle Capital has a team of 7 members including 5 Partners located in United States and Brazil. Bicycle Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Bicycle Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Miami | - | - | |
Partner | Sao Paulo | - | - | |
Partner | Miami | - | ||
Partner | United States | - | ||
Partner | - | - |
Co-investors of Bicycle Capital
Over the past 3 years, 69 investors have co-invested in Bicycle Capital's portfolio companies. This includes funds and angels.
- Invested before Bicycle Capital: Caravela Capital, Sequoia Capital and 50 others have invested in rounds before Bicycle Capital. There are 3 companies where Caravela Capital has invested before Bicycle Capital and 2 companies where Sequoia Capital has invested before Bicycle Capital.
- Top Co-investors of Bicycle Capital: 17 investors entered a company along with Bicycle Capital. These include investors like Endeavor (2 companies).
Recent News related to Bicycle Capital
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QIA Invests $405M in Plata's Series C Round to Boost Digital Bankingentarabi.com•Apr 17, 2026•Plata, Qatar Investment Authority, Bicycle Capital, Audeo Ventures and 5 others
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PX raises R$ 250 million with Bicycle by Marcelo Claure to reach R$ 1 billionFusoes & Aquisicoes•Nov 10, 2025•Bicycle Capital, Px.center, Monashees, and 1 other
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Glean Secures $150M in Series F Funding To Scale Its AI System for Smarter Data UseSuperbCrew•Jun 12, 2025•Glean, Wellington, Khosla Ventures, Bicycle Capital and 3 others
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Cayena raises a $55M Series B round led by Bicycle CapitalLatamList•Sep 20, 2024•Cayena, Bicycle Capital, Picus Capital, FEMSA Ventures and 9 others
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Cayena raises R$300 million Series B to scale and expand the marketplace’s geographic presenceFusoes & Aquisicoes•Sep 19, 2024•Cayena, Bicycle Capital, FEMSA Ventures, Picus Capital and 8 others
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Mottu raises $50M in a Series C investment roundEl Referente•Oct 05, 2023•Mottu, QED Investors, Bicycle Capital, Endeavor and 1 other
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Brazil-based Mottu raises USD 50 million in Series Cvcbay.news•Sep 18, 2023•Bicycle Capital, Endeavor, QED Investors, Mottu and 6 others
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Claure taps former SoftBank colleagues for new VC fundPrivate Equity Wire•Jun 19, 2023•Bicycle Capital, SoftBank Group
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Marcelo Claure, Shu Nyatta launch $500M growth equity fund with LatAm focusRefresh Miami•Jun 15, 2023•Bicycle Capital, Mubadala
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The plans of Bicycle, the new manager of Marcelo Claure and Shu NyattaFusoes & Aquisicoes•Jun 14, 2023•Bicycle Capital, Mubadala
