# Mandaê funding: rounds and investors

> Mandaê has raised $10M across 4 rounds since 2013. Investors include Kima Ventures, Valor Capital Group and Monashees. Every round with its source.

Source: https://millionrounds.com/company/mandae (Millionrounds; every figure on the page links to its filing or article)

Brazil · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Mandaê*

4 rounds we have observed, with the 15 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.

Delivery

Funding summary Updated 26 Oct 2026

**$10M** raised across 4 rounds since 2013, from 4 sources

**$150K** Seed **$1.5M** Series A **$7.1M** Series B **$1.7M** Venture

- **Latest round:** Venture, $1.7M Oct 2018
- **Biggest round:** $7.1M Series B · May 2018
- **Investors:** 15

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2014 2015 2016 2017 2018

**$150K** Seed

**$1.5M** Series A

**$7.1M** Series B

**$1.7M** Venture

- **First round:** Seed, $150K
- **Biggest round:** $7.1M
- **Usual gap between rounds:** 20 months

## The rounds

- **Oct 2018** Venture **$1.7M** *2 new* *1 returning* [Bpifrance](https://millionrounds.com/fund/bpifrance) [Kima Ventures](https://millionrounds.com/fund/kima-ventures) [Partech Ventures](https://millionrounds.com/fund/partech) Source recorded
- **May 2018** Series B **$7.1M** *9 new* *3 returning* [Kima Ventures](https://millionrounds.com/fund/kima-ventures) [FJ Labs](https://millionrounds.com/fund/fj-labs) [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) [M Ventures](https://millionrounds.com/fund/m-ventures) [Valor Capital Group](https://millionrounds.com/fund/valor-capital) [Monashees](https://millionrounds.com/fund/monashees) [Tekton Ventures](https://millionrounds.com/fund/tekton-ventures) [Mercado Libre Fund](https://millionrounds.com/fund/mercado-libre-fund) [Performa Investimentos](https://millionrounds.com/fund/performa-investimentos) IFC/ UPS Strategic Icon Holding Reported by FinSMEs
- **Aug 2015** Series A **$1.5M** *2 new* *1 returning* [Valor Capital Group](https://millionrounds.com/fund/valor-capital) [Monashees](https://millionrounds.com/fund/monashees) [Hans Hickler](https://millionrounds.com/fund/hans-hickler) From a historical funding record
- **Dec 2013** Seed **$150K** *2 new* [Kima Ventures](https://millionrounds.com/fund/kima-ventures) [Hans Hickler](https://millionrounds.com/fund/hans-hickler) From a historical funding record

## 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.

**Seed** 2013 **Series A** 2015 **Series B** 2018 **Venture** 2018 [Kima Ventures](https://millionrounds.com/fund/kima-ventures) [Valor Capital Group](https://millionrounds.com/fund/valor-capital) [Monashees](https://millionrounds.com/fund/monashees) [Hans Hickler](https://millionrounds.com/fund/hans-hickler) [Bpifrance](https://millionrounds.com/fund/bpifrance) [FJ Labs](https://millionrounds.com/fund/fj-labs) [Partech Ventures](https://millionrounds.com/fund/partech) [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) [M Ventures](https://millionrounds.com/fund/m-ventures)

## Everyone who backed them

[Kima Ventures](https://millionrounds.com/fund/kima-ventures) VC firm **3** rounds

[Valor Capital Group](https://millionrounds.com/fund/valor-capital) VC firm **2** rounds

[Monashees](https://millionrounds.com/fund/monashees) VC firm **2** rounds

[Hans Hickler](https://millionrounds.com/fund/hans-hickler) Angel **2** rounds

[Bpifrance](https://millionrounds.com/fund/bpifrance) Government **1** round

[FJ Labs](https://millionrounds.com/fund/fj-labs) VC firm **1** round

[Partech Ventures](https://millionrounds.com/fund/partech) VC firm **1** round

[International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Government **1** round

[Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) Corporate VC **1** round

[M Ventures](https://millionrounds.com/fund/m-ventures) Corporate VC **1** round

[Tekton Ventures](https://millionrounds.com/fund/tekton-ventures) VC firm **1** round

[Mercado Libre Fund](https://millionrounds.com/fund/mercado-libre-fund) Corporate VC **1** round

[Performa Investimentos](https://millionrounds.com/fund/performa-investimentos) Private equity **1** round

Icon Holding no record of our own yet **1** round

IFC/ UPS Strategic no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mandae).

## Also claim to have backed them

This firm lists Mandaê 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.

[Bridge One](https://millionrounds.com/fund/bridge-one) VC firm Per its own site

## Quick answers about Mandaê

### Who invested in Mandaê?

Mandaê's investors include Kima Ventures, Valor Capital Group, Monashees, Hans Hickler and Bpifrance, and 10 more on record.

### How much has Mandaê raised?

Mandaê has raised $10M across 4 rounds since 2013.

### When did Mandaê last raise?

Mandaê's most recent round was a Venture of $1.7M in Oct 2018.

### What was Mandaê's biggest round?

Mandaê's largest round on record is $7.1M (Series B), in May 2018.

### Who backed Mandaê first?

Mandaê's first round on record, in Dec 2013, was backed by Kima Ventures and Hans Hickler.

### What stage is Mandaê at?

Mandaê's latest named round is a Venture, in Oct 2018.

### Where is Mandaê based?

Mandaê is based in Brazil.

## Companies like Mandaê

In the same sector, and raised in the last eighteen months.

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