About Cedro Capital
Cedro Capital is a venture capital firm founded in 2016. It is primarily based out of Brasilia, Brazil. As of Sep 2024, Cedro Capital has invested in 25 companies. It primarily invests in Seed round in Brazil based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Seed round of StartGi Overall, Cedro Capital portfolio has seen 3 acquisitions, namely SVA Tech, Kanttum and Getrak. A lot of funds co-invest with Cedro Capital, with names like KPTL sharing a substantial percentage of its portfolio. Cedro Capital has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Cedro Capital's List of Top Investments
Cedro Capital has a portfolio of 25 companies. Their most notable investments are in Colab and Getrak.Their portfolio spans across and Brazil. They have invested in Enterprise Applications, High Tech, FinTech and 16 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Cedro Capital:
1. Mereo
Cloud-based performance management software for enterprises. It caters to various industries such as finance, food construction, & more. The platform offers features such as recognition & rewards calculation, skill assessment, training management, and team monitoring tools.
Key facts about Mereo
- Founded Year: 2012
- Location: Belo Horizonte (Brazil)
- Stage: Seed
- Total Funding till date: $956K
- Employee Count: 88 as on Sep 30, 2026
- Investors: Cedro Capital and KPTL
- Latest Funding Round: Seed, Aug 13, 2021, $*****
2. Onfly
Platform organizing corporate travel and expenses in one central location. This software facilitates booking airfare, lodging, and vehicle transportation while enforcing organizational spending policies. The system automates expense reporting, validates transactions using artificial intelligence, and provides real-time financial tracking for corporate accounts. It integrates with existing accounting software to streamline financial operations and eliminate manual reimbursement processes. The technology monitors travel costs and generates data for strategic decision-making regarding organizational budgets.
Key facts about Onfly
- Founded Year: 2018
- Location: Belo Horizonte (Brazil)
- Stage: Series B
- Total Funding till date: $56.9M
- Employee Count: 1,223 as on Sep 30, 2026
- Investors: Tidemark, Left Lane Capital and 3 Others
- Latest Funding Round: Series B, Apr 15, 2025, $*****
3. Colab
Colab is a platform that offers an interactive environment called a Colab notebook, where users can write and execute code. It provides free access to computing resources and requires no setup to use.
Key facts about Colab
- Founded Year: 2012
- Location: Sao Paulo (Brazil)
- Stage: Series A
- Total Funding till date: $3.39M
- Employee Count: 105 as on Sep 30, 2026
- Investors: Govtech Fund, Luminate and 8 Others
- Latest Funding Round: Series A, Dec 12, 2023, $*****
Online communication platform for educational institutions. The features include announcements and circulars, calendars and schedules, individual student-specific notifications, homework, content and other information delivery, user activity tracking and analytics, read-receipts, chat between individuals and a group of users, API Integration, etc.
Key facts about Escola em Movimento
- Founded Year: 2014
- Location: Belo Horizonte (Brazil)
- Stage: Seed
- Total Funding till date: $618K
- Employee Count: 19 as on Sep 30, 2026
- Investors: Cedro Capital, A5 Capital Partners and 1 Other
- Latest Funding Round: Seed, Feb 28, 2018, $*****
- Highlight: Editors' Pick
5. SVA Tech
Provider of AI-based integrated video surveillance systems. It offers web-based software, hardware and a smartphone application. It also offers integrated video analytics and video streaming software. Its features include live streaming, temperature monitoring, facial, vehicle and object recognition, reading and recognition of license plates, and industrial inspection. It also provides customized video analytics solutions.
Key facts about SVA Tech
- Founded Year: 2014
- Location: Belo Horizonte (Brazil)
- Stage: Acquired
- Total Funding till date: $2.6M
- Employee Count: 44 as on Sep 30, 2026
- Investors: Cedro Capital, FC Partners and 1 Other
- Latest Funding Round: Seed, Sep 03, 2021, $*****
- Highlight: Acquired
Cedro Capital's Year-on-Year Investment Trends
Cedro Capital has invested in 25 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in StartGi.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 4 | 0 | 4 |
2022 | 2 | 0 | 2 |
2021 | 2 | 0 | 2 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
2018 | 6 | 0 | 6 |
2017 | 1 | 0 | 1 |
Cedro Capital's Investments by Stage
Cedro Capital has made 14 investments in Seed stage with an average round size of $821K and 4 investments in Series A stage with an average round size of $2.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 4 |
Note: We have considered here, only first round of investments
Cedro Capital's Investments by Sector
Cedro Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, High Tech, Enterprise Infrastructure and FinTech. Notably, it has invested in 19 Tech companies, 18 Enterprise (B2B) companies, 17 Software companies and at least 9 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
Vertical SaaS | 6 |
High Tech | 4 |
Enterprise Infrastructure | 3 |
FinTech | 3 |
Others | 19 |
Note: We have considered here, only first round of investments
Cedro Capital's Investments by Geography
Cedro Capital has made most investments in Brazil (18).Cedro Capital's recent investments
Cedro Capital has not made any investment in 2026 so far.Here are the most recent investments by Cedro Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 18, 2024 | Brazil | Seed | 7990 | ||
Dec 12, 2023 | Brazil | Series A | 9199 | [+1] | |
Dec 08, 2023 | Brazil | Seed | 4138 | ||
Aug 22, 2023 | Brazil | Seed | 2544 | - | |
May 15, 2023 | Brazil | Seed | 9117 | - |
Acquired companies in Cedro Capital's Portfolio
3 companies from Cedro Capital's portfolio have been acquired. The most recent acquisition was SVA Tech.Here are Cedro Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 01, 2024 | Sep 03, 2021 | Seed | 7327 | |
Jan 17, 2022 | - | - | 1482 | |
Aug 31, 2021 | Apr 12, 2018 | Series A | 3140 |
Team profile of Cedro Capital
Cedro Capital has a team of 4 members including 2 Partners located in Brazil. Cedro Capital's team does not sit on the board of any company as of now.Co-investors of Cedro Capital
Over the past 9 years, 18 investors have co-invested in Cedro Capital's portfolio companies. This includes only funds.
- Invested before Cedro Capital: A5 Capital Partners, Omidyar Network and 6 others have invested in rounds before Cedro Capital. There is 1 company where A5 Capital Partners has invested before Cedro Capital and 1 company where Omidyar Network has invested before Cedro Capital.
- Top Co-investors of Cedro Capital: 5 investors entered a company along with Cedro Capital. These include investors like KPTL (4 companies).
- Invested after Cedro Capital: A total of 5 investors have invested in Cedro Capital's portfolio after their investments. Top Investors include KPTL (1 company), Invest Tech (1 company) and GV Angels (1 company).
Recent News related to Cedro Capital
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StartGi receives investment from the GovTech FundFusoes & Aquisicoes•Sep 18, 2024•StartGi, Govtech Fund, Cedro Capital
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Indie Campers raises €35M to enhance RV rental experience worldwideTech.eu•Jul 17, 2024•Indie Campers, Cedrus, GED Ventures Portugal, Indico Capital Partners and 5 others
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Investment fund focused on audiovisual begins raising R$100 millionFusoes & Aquisicoes•Apr 04, 2024•Cedro Capital, Ligocki Entretenimento
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Colab secures new investment to enhance solutions for public servicesLatamList•Dec 12, 2023•Colab, KPTL, Cedro Capital
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Fintech Trampay receives funding of up to R$ 5 million from Cedro CapitalFusoes & Aquisicoes•May 10, 2023•Trampay, Cedro Capital
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Fintech for app delivery people, Trampay raises BRL 6 million to expand financial productsFusoes & Aquisicoes•Apr 28, 2023•Trampay, Cedro Capital
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Cedro Capital invests BRL 4 million in SolarView, for solar plant monitoringFusoes & Aquisicoes•Oct 15, 2022•Cedro Capital, enSights
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Startup Minds Digital receives BRL 2 million to give 'power' in authenticationFusoes & Aquisicoes•Aug 13, 2022•Mind Digital, Cedro Capital, Laqus
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Cedro Capital Invests Us$2.5m In Brazilian Healthcare Startup ImedicinaLAVCA•May 21, 2018•iMedicina, Cedro Capital
