Mago Capital

Mago Capital is a Brazilian venture capital firm founded in 2021 by the founders of Locaweb. The firm employs a hybrid investment strategy, combining investments in carefully selected funds with direct investments in promising startups. This approach allows Mago Capital to support a diverse range of companies at various stages of development, from seed to growth phases.

The firm's portfolio includes 21 funds operating across different stages, each with specific approaches and sectors. Notable funds in their portfolio include Astella, Monashees, Vox, Valor, and SaaSholic. In addition to fund investments, Mago Capital actively seeks direct investments in early-stage startups, particularly those backed by funds within their portfolio. They focus on entrepreneurs with strong execution capabilities, positive unit economics, and significant addressable markets.

Mago Capital's investment checks range from $300,000 for initial investments to $1 million for follow-on investments. Their areas of interest encompass technology sectors such as artificial intelligence, climate finance, software as a service (SaaS), virtual reality, and augmented reality. By leveraging their extensive experience and network, Mago Capital aims to foster innovation and drive major transformations in the Brazilian technology landscape.