Interlagos Capital

Interlagos Capital operates as a Brazilian venture capital firm with a notably broad investment mandate spanning pre-seed through Series B+ stages. Based in São Paulo, the firm positions itself within Brazil's expanding venture ecosystem, which has seen significant growth in funding volumes over the past decade. The firm's sector focus encompasses aerospace & defense, consumer technology, fintech, and climate technology, reflecting both traditional strengths of the Brazilian market and emerging opportunities in defense and climate solutions. This diverse approach distinguishes Interlagos from many regional peers who typically concentrate on fintech and e-commerce given Brazil's large domestic market. The inclusion of aerospace & defense in their investment thesis is particularly notable, as this represents a relatively underserved sector in Latin American venture capital despite Brazil's substantial aerospace industry presence through companies like Embraer. The firm's stage-agnostic approach from pre-seed to growth rounds suggests a strategy of building long-term relationships with portfolio companies and potentially following successful investments across multiple funding rounds. While specific fund sizes and portfolio outcomes remain largely private, Interlagos appears to target the growing cohort of Brazilian startups seeking to scale both domestically and internationally. The firm's positioning in São Paulo places it at the center of Brazil's tech ecosystem, which has produced several unicorns including Nubank, Stone, and wildlife. The Brazilian venture market has matured significantly, with total funding reaching record levels in recent years before normalizing. Interlagos Capital's broad sector coverage and multi-stage investment approach suggests an opportunistic strategy designed to capture value across different market cycles and technological trends.