Brazil · 
Who invested in A5X?
A5X's investors include Goldman Sachs, Morgan Stanley Investment Management, Kaszek Ventures, ABN AMRO Fund and XTX Ventures, and 4 more on record. Goldman Sachs led its latest round.
2026
$38MSeries C$70MSeries D
Brazil · Series D startup
Who invested in A5X
2 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Raised 2 months ago
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Funding summaryUpdated 5 Nov 2026
$108Mraised across 2 rounds since 2025, from 3 sources
$38MSeries C$70MSeries D
- Latest round
- Series D, $70MSept 2026
- Led by
- Goldman Sachs and Morgan Stanley Investment Managementand 1 more
- Step-upi
- 1.9×
- Investors
- 9 (3 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series C, $38M Sept 2025
- Biggest round
- $70M Series D · Sept 2026
- Between rounds
- 12 months from the last two
The rounds
- Sept 2026Series D$70M9 new
Goldman SachsLead
Morgan Stanley Investment ManagementLead
Kaszek VenturesLead
ABN AMRO Fund
XTX Ventures- XP
- IMC
Jump Trading
Optiver Principal Strategic Investments
Reported by LatamList
- Sept 2025
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
This firm lists A5X as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.
Quick answers about A5X
How much has A5X raised?
A5X has raised $108M across 2 rounds since 2025.
When did A5X last raise?
A5X's most recent round was a Series D of $70M in Sept 2026, led by Goldman Sachs.
What was A5X's biggest round?
Its most recent round, $70M in Sept 2026, is also its largest on record.
Who backed A5X first?
A5X's first round on record, in Sept 2026, was backed by Goldman Sachs, Morgan Stanley Investment Management and Kaszek Ventures and 6 others.
What stage is A5X at?
A5X's latest named round is a Series D, in Sept 2026.
Where is A5X based?
A5X is based in Brazil.
Who led A5X's rounds?
Goldman Sachs led the Series D in 2026.
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