About Grao
Grao is a venture capital firm founded in 2016. It is primarily based out of Sao Paulo, Brazil. As of Apr 2026, Grao is an active investor, having invested in 32 companies, with 1 new investment 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 $***** Seed round of aro.ia.br Overall, Grao portfolio has seen 3 acquisitions, namely Gringo. A lot of funds co-invest with Grao, with names like Valor Capital Group sharing a substantial percentage of its portfolio. Grao has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Grao's List of Top Investments
Grao has a portfolio of 32 companies. Their most notable investments include ASAAS and Trybe.Their portfolio spans across Brazil, United States and Colombia. They have invested in Enterprise Applications, FinTech, Consumer and 19 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Grao:1. ASAAS
Financial management solution for micro-businesses. It manages subscriptions and generates recurring charges automatically. The software alerts the date of payment client, either ligand or preparing an e-mail every month.
Key facts about ASAAS
- Founded Year: 2011
- Location: Joinville (Brazil)
- Stage: Series C
- Total Funding till date: $185M
- Employee Count: 1,464 as on Sep 30, 2026
- Investors: SoftBank Group, Bond Capital and 14 Others
- Latest Funding Round: Conventional Debt, Oct 06, 2026, $*****
- Highlight: Editors' Pick
2. Trybe
Online candidate assistance platform for IT professionals. It's a curriculum platform built for people looking to work as technology professionals in web programming and app development. The platform allows students to gain employment and learn technical skills expected for web development like javascript, HTML, CSS, phyton, and more. It also trains on soft skills like emotional intelligence, communication, collaboration, critical thinking, creativity, and more.
Key facts about Trybe
- Founded Year: 2019
- Location: Belo Horizonte (Brazil)
- Stage: Series B
- Total Funding till date: $37M
- Employee Count: 243 as on Feb 28, 2026
- Investors: Base Partners, Global Founders Capital and 13 Others
- Latest Funding Round: Series B, Oct 06, 2021, $*****
- Highlight: Editors' Pick
3. Gringo
Online platform for vehicle fine and tax loans. It offers a solution that enables drivers to obtain financing for vehicles fines. It enables users to split fines into monthly payments. It features vehicle monitoring, real-time alerts on repayments, fines, and scores.
Key facts about Gringo
- Founded Year: 2019
- Location: Sao Paulo (Brazil)
- Stage: Acquired
- Total Funding till date: $85.5M
- Employee Count: 127 as on Mar 31, 2026
- Investors: VEF, Global Founders Capital and 11 Others
- Latest Funding Round: Series C, Sep 09, 2024, $*****
- Highlight: Acquired
4. Kanastra
Alternative investment solution provider. It provides a suite of IT solutions for a range of alternative investment funds. Its features include a technological back-office for alternative investments.
Key facts about Kanastra
- Founded Year: 2022
- Location: Uberlandia (Brazil)
- Stage: Series B
- Total Funding till date: $64M
- Employee Count: 223 as on Aug 31, 2026
- Investors: QED Investors, F-Prime Capital and 15 Others
- Latest Funding Round: Series B, Oct 01, 2025, $*****
- Highlight: Editors' Pick
5. Medway
Medway provides courses for medical residency competitions. Company provides mentorship, direction, and strategic preparation to ace the exams in Brazil like USP, Unicamp, Escola Paulista de Medicina, Hospital Albert Einstein, among others.
Key facts about Medway
- Founded Year: 2017
- Location: Itaim Bibi (Brazil)
- Stage: Series A
- Total Funding till date: $15M
- Employee Count: 354 as on Sep 30, 2026
- Investors: Global Founders Capital, SoftBank Latin America Fund and 9 Others
- Latest Funding Round: Series A, Apr 24, 2022, $*****
Grao's Year-on-Year Investment Trends
Grao has invested in 32 companies over the last 5 years, with an average of 2 new investments annually in the last 5 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 aro.ia.br.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 0 | 3 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 3 | 0 | 3 |
2021 | 2 | 0 | 2 |
Grao's Investments by Stage
Grao has made 9 investments in Seed stage with an average round size of $4M and 4 investments in Series A stage with an average round size of $5.64M.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 4 |
Note: We have considered here, only first round of investments
Grao's Investments by Sector
Grao has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Food and Agriculture Tech and Blockchain - Industry Applications. Notably, it has invested in 26 Tech companies, 19 Enterprise (B2B) companies, 15 Software companies and at least 11 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
FinTech | 3 |
Consumer | 2 |
Food and Agriculture Tech | 2 |
Blockchain - Industry Applications | 1 |
Others | 9 |
Note: We have considered here, only first round of investments
Grao's Investments by Geography
Grao has made most investments in Brazil (11), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
Brazil | 11 |
United States | 1 |
Note: We have considered here, only first round of investments
Grao's recent investments
Grao has made 1 investments in 2026 so far - aro.ia.br.Here are the most recent investments by Grao:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 21, 2026 | - | Seed | 7937 | [+3] | |
Sep 09, 2025 | United States | Seed | 1241 | [+7] | |
May 22, 2025 | Brazil | Seed | 2624 | [+1] | |
Apr 29, 2025 | Brazil | Seed | 3746 | [+3] | |
Oct 30, 2024 | Brazil | Seed | 4463 | [+6] |
Acquired companies in Grao's Portfolio
3 companies from Grao's portfolio have been acquired. The most recent acquisition was Gringo in Feb 2025 by Corpay for $*****.Here are Grao's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 03, 2025 | - | - | 9302 | |
Sep 30, 2022 | - | - | 7490 | |
Nov 17, 2021 | - | - | 1431 |
Team profile of Grao
Grao has a team of 2 members located in Brazil. Grao's team does not sit on the board of any company as of now.Co-investors of Grao
Over the past 5 years, 96 investors have co-invested in Grao's portfolio companies. This includes funds and angels.
- Invested before Grao: Y Combinator, Flavio Litterio and 5 others have invested in rounds before Grao. There is 1 company where Y Combinator has invested before Grao and 1 company where Flavio Litterio has invested before Grao.
- Top Co-investors of Grao: 68 investors entered a company along with Grao. These include investors like Valor Capital Group (2 companies).
- Invested after Grao: A total of 21 investors have invested in Grao's portfolio after their investments. Top Investors include Endeavor (2 companies), Kaszek (1 company) and Atlantico (1 company).
Recent News related to Grao
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Aro Raises $2.5M Pre-Seed RoundLatamList•Apr 21, 2026•Norte Ventures, 17Sigma, Gilgamesh, Grao and 1 other
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Avenia, formerly BRLA Digital, raises R$ 12 million in seed roundGrupoglobo•May 22, 2025•BRLA Digital, big_bets, Fluent Ventures, Grao
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Coalize raises $570K seed roundLatamList•Apr 30, 2025•Coalize, Urca Angels, Grao, Westwood Capital and 1 other
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Stay raises $2.6M to expand private pension offerings in BrazilLatamList•Nov 06, 2024•Stay, Maya Capital, Better Tomorrow Ventures, 17Sigma and 3 others
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Stay Raises $3M in Seed FundingFinSMEs•Oct 30, 2024•Stay, Better Tomorrow Ventures, Maya Capital, 17Sigma and 3 others
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Lexter.ai raises R$16M to bring AI to law firmsContxto•Apr 04, 2024•Lexter Technologies, Alexia Ventures, Grao, Canary and 1 other
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Lending Fintech Kanastra Raises $13 Million Seed RoundCrowdfund Insider•Jun 15, 2023•Kanastra, Valor Capital Group, Quona, QED Investors and 15 others
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Kanastra wants to build the 'back office' of alternative investmentsFusoes & Aquisicoes•Jun 14, 2023•Kanastra, Valor Capital Group, Quona, QED Investors and 14 others
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DeX’s Pre-Seed Investment RoundGlobal Legal Chronicle•May 30, 2023•Grao, Equitas, Dex, Bronstein, Zilberberg, Chueiri & Potenza Advogados
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Pink Farms attracts SLC to multiply productionFusoes & Aquisicoes•Nov 22, 2022•Pink Farms, SLC Ventures, Grao
