About Canary
Canary is a venture capital firm founded in 2017. It is primarily based out of Sao Paulo, Brazil. As of Jun 2026, Canary is an active investor, having invested in 138 companies, with 11 new investments in the last 12 months. It primarily invests in Seed round in Brazil based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Series A round of Telepatia Overall, Canary portfolio has seen 3 unicorns, 1 IPO and 11 acquisitions including key companies like 99, Clara and Méliuz. A lot of funds co-invest with Canary, with names like Monashees sharing a substantial percentage of its portfolio. Canary has team of 17 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Soonicorns
Canary's List of Top Investments
Canary has a portfolio of 138 companies, including 3 unicorns. Their most notable investments are in Arvo and FestaLab.Their portfolio spans across Brazil, United States, Mexico and 8 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 28 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Canary:
1. 99
Operator of a network providing ride and delivery services. It facilitates connections for transportation and delivery. The network includes options for both passengers and drivers. Additionally, it offers food delivery services connecting customers with restaurants.
Key facts about 99
- Founded Year: 2012
- Location: Sao Paulo (Brazil)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $380M
- Employee Count: 10,878 as on Jun 30, 2026
- Investors: Riverwood Capital, Tiger Global Management and 9 Others
- Latest Funding Round: Conventional Debt, Feb 24, 2026, $*****
- Highlight: Acquired
2. Buser
Buser is an app-based intercity bus ticket booking platform. It connects bus companies to travelers looking for ticket prices. It enables travelers to find people interested in taking the same trip on the same date. Bookings can be done via their app by providing pick-up/drop-off location, date & making an online payment. Their app is available for iOS & Android devices.
Key facts about Buser
3. Clara
Provider of corporate spend management software and business credit cards. This platform centralizes financial operations by offering automated expense reporting, approval workflows, and virtual or physical payment cards. It facilitates vendor payments, employee reimbursements, and travel expense tracking. The system integrates with existing accounting software to synchronize transaction data and receipts. Automated validation tools monitor spending against defined limits and policies to maintain financial oversight.
Key facts about Clara
- Founded Year: 2020
- Location: Sao Paulo (Brazil)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $204M
- Investors: Goldman Sachs, Hone Capital and 42 Others
- Latest Funding Round: Conventional Debt, Nov 25, 2025, $*****
- Highlight: Editors' Pick
4. Ume
Online platform for point of sale financing. It enables users to purchase products and pay in monthly installments within the merchant network. It also provides a merchant portal that allows merchants to register and offer a point of sale financing to the end customers. The application is available on the Android platform.
Key facts about Ume
- Founded Year: 2017
- Location: Sao Paulo (Brazil)
- Stage: Series B
- Total Funding till date: $36.8M
- Employee Count: 374 as on Jun 30, 2026
- Investors: NFX, PayPal Ventures and 10 Others
- Latest Funding Round: Series B, Sep 08, 2025, $*****
- Highlight: Editors' Pick
5. Hashdex
Hashdex offers index investing in cryptocurrencies. Provides Hashdex Digital Assets Index (HDAI) which track cryptocurrencies using proprietary asset pricing methodology. HDAI Digital Assets include Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Stellar, TRON, Bitcoin SV, Cardano, Dash, NEO, Ethereum Classic, and Zcash. Weights for HDAI constituents are calculated according to their relative market capitalizations. Offers Hashdex Index Fund which tracks the performance of the HDAI.
Key facts about Hashdex
- Founded Year: 2018
- Location: Bronxville (United States)
- Stage: Series B
- Total Funding till date: $26M
- Employee Count: 86 as on Jun 30, 2026
- Investors: Graph Ventures, Igah Ventures and 8 Others
- Latest Funding Round: Series B, May 12, 2021, $*****
- Highlight: Editors' Pick
Canary's Year-on-Year Investment Trends
Canary has invested in 138 companies over the last 9 years, with an average of 10 new investments annually in the last 5 years. In 2025, it made 11 investments, while as of Jun 2026, it has made 6 investments in this year. Its most recent first time investment was in Karta and most recent follow-on round was in Telepatia.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 3 | 6 |
2025 | 9 | 2 | 11 |
2024 | 8 | 2 | 10 |
2023 | 5 | 1 | 6 |
2022 | 15 | 3 | 18 |
2021 | 18 | 4 | 22 |
2020 | 16 | 0 | 16 |
2019 | 4 | 6 | 10 |
2018 | 6 | 2 | 8 |
2017 | 8 | 0 | 8 |
Canary's Investments by Stage
Canary has made 65 investments in Seed stage with an average round size of $3.48M, 23 investments in Series A stage with an average round size of $9.68M and 4 investments in Series B stage with an average round size of $18.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 65 |
Series A | 23 |
Series B | 4 |
Note: We have considered here, only first round of investments
Canary's Investments by Sector
Canary has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Vertical SaaS and Retail. Notably, it has invested in 110 Tech companies, 78 Enterprise (B2B) companies, 70 Software companies and at least 54 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 42 |
FinTech | 25 |
Consumer | 23 |
Vertical SaaS | 15 |
Retail | 13 |
Others | 91 |
Note: We have considered here, only first round of investments
Canary's Investments by Geography
Canary has made most investments in Brazil (72), followed by United States where it has made 9 investments.Country | No. of Investments |
|---|---|
Brazil | 72 |
United States | 9 |
Colombia | 3 |
Mexico | 3 |
Uruguay | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Canary's recent investments
Canary has made 6 investments in 2026 so far. Telepatia and Karta are the latest among them.Here are the most recent investments by Canary:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 18, 2026 | Brazil | Series A | 5547 | [+7] | |
Jun 17, 2026 | United States | Series A | 8765 | [+2] | |
May 27, 2026 | Brazil | Seed | 7556 | [+5] | |
Apr 07, 2026 | United States | Seed | 8923 | [+3] | |
Feb 24, 2026 | Brazil | Series A | 8157 | [+3] |
Unicorns in Canary's Portfolio
Canary has 3 unicorns in its portfolio - Facily, Clara and Loft. The most recent unicorn in their portfolio is Facily. It became a unicorn in 2021, 1 years after Canary first invested in it.Here is a list of unicorns in Canary's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
62 | App-based group-buying shopping platform for multi-category products | 2018 | Sao Paulo Do Potengi | Series D | auotcgu | ||
70 | Provider of corporate spend management software and business credit cards | 2020 | Sao Paulo | Series B | scccdnz | ||
64 | Online reseller of residential properties | 2018 | Sao Paulo | Series E | nsuxmha |
IPOs and Publicly Listed companies in Canary's Portfolio
1 of Canary's portfolio company became public - Méliuz. It got listed on the Brazil Stock Exchange (B3), in Nov 2020.Here are Canary's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 06, 2020 | - | - | 9020 |
Acquired companies in Canary's Portfolio
11 companies from Canary's portfolio have been acquired. The most recent acquisition was Advolve in Nov 2025 by iFood for $*****.Here are Canary's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 12, 2025 | Feb 26, 2025 | Seed | 5475 | |
Jun 17, 2024 | Jan 29, 2022 | Series A | 6322 | |
Mar 22, 2024 | May 05, 2020 | Seed | 6336 | |
Jun 01, 2023 | - | - | 6427 | |
Apr 12, 2022 | - | - | 5765 |
Team profile of Canary
Canary has a team of 17 members including 5 Partners located in Brazil and United States. Canary's team does not sit on the board of any company as of now.Here is a list of top team members in Canary:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Sao Paulo | - | - | |
Partner | United States | - | - | |
Partner | Sao Paulo | - | ||
Partner | Sao Paulo | - | - | |
Partner | Sao Paulo | - | - |
Co-investors of Canary
Over the past 9 years, 401 investors have co-invested in Canary's portfolio companies. This includes funds and angels.
- Invested before Canary: big_bets, Y Combinator and 33 others have invested in rounds before Canary. There are 2 companies where big_bets has invested before Canary and 2 companies where Y Combinator has invested before Canary.
- Top Co-investors of Canary: 189 investors entered a company along with Canary. These include investors like Monashees (9 companies).
- Invested after Canary: A total of 177 investors have invested in Canary's portfolio after their investments. Top Investors include Endeavor (8 companies), Valor Capital Group (6 companies) and Kaszek (6 companies).
Recent News related to Canary
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Robbin Secures $8 Million in Seed Funding to Expand AI-Powered Supply Chain Finance PlatformThe SaaS News•May 28, 2026•Robbin, Atlantico, Caravela Capital, Canary
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Inner AI Raises R$ 30 Million to Create AI That Works AloneExame•Apr 07, 2026•Inner AI, Onevc, Canary
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Week 7's Biggest Startup Funding Rounds in Latin America, Led by AveniaTechloy•Feb 13, 2026•Avenia, Fluent Ventures, Endeavor, Tomorrow Capital and 10 others
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Prosus Ventures Leads $15M Series A in Lastro for AI Agent Scaling Real Estate in BrazilStock Screener•Oct 01, 2025•Endeavor, Prosus, Canary, FJ Labs and 3 others
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Lastro raises $16M Series A led by Prosus VenturesLatamList•Oct 01, 2025•Endeavor, Prosus, Canary, FJ Labs and 3 others
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INFLEET raises R$ 40 million in Series A roundFusoes & Aquisicoes•Sep 19, 2025•Indicator Capital, DOMO, Citrino, BLUSTONE and 3 others
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Arvo raises $20.5 million to help health insurers avoid fraud.Exame•Sep 17, 2025•ARVO, Base10 Partners, Kaszek, Arvo and 2 others
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Wehandle raises R$ 36 million with Canary to triple in sizeFusoes & Aquisicoes•Sep 09, 2025•Wehandle, Quartzo Capital, Valutia, Onevc and 7 others
