# Atlantico: portfolio, investments and team

> Atlantico is a vc firm based in Brazil. 6 investments on record, 2 in the last 12 months, latest Feb 2026. Portfolio, stages, co-investors and team.

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

Brazil · [Investor](https://millionrounds.com/investors)

# Atlantico

Last cheque observed Feb 2026; 6 cheques on record.

Email

VC firm Deploying now Last fund $23M, Oct 2023

Seed Series A Series B Digital

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Deploying now

**40%** of best year **2** **cheques in 12 months**, 6 on record

Since the last cheque **266** days **00** hrs **00** min **00** sec

Median round **$14M** Cheque size, as they say **$100K – $5.0M** Rounds led **1 of 6** Mostly in **Brazil, 60%**

Pitch Atlantico

## Atlantico highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Seed: 100% of its rounds
- 03 Led 1 rounds

## What they do

> We back bold founders seeking to define a better future in Latin America and beyond. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Seed Series A Series B
- **Sectors:** Digital
- **Based in:** Sao Paulo, Brazil
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **6 appearances**

- **2026** 1 round
- **Feb** **[Lebane](https://millionrounds.com/company/lebane)** Seed · AR · Contxto **$4.0M** *Led*
- **2025** 4 rounds
- **Dec** **[Vambe](https://millionrounds.com/company/vambe)** Series A · LatamList **$14M** With 9 others
- **Oct** **[Akua](https://millionrounds.com/company/akua)** Seed · CO · LatamList **$8.5M** With 8 others
- **Sept** **[Enter](https://millionrounds.com/company/enter)** Series A · BR · LatamList **$38M** With 5 others
- **Mar** **[Enter](https://millionrounds.com/company/enter)** BR · LatamList **Undisclosed** With 1 other
- **2024** 1 round
- **Dec** **[Onze](https://millionrounds.com/company/onze)** Series A · BR · LatamList **$20M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

AC **Ana Clara Martins Guimaraes** Owner i Form ADV

II **Irit Iona Epelbaum Iberkleid** Owner i Form ADV

JV **Julio Vasconcellos** Managing Member i Filing they signed

We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$102M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** GOOD WAVE Management Ltda.
- **SEC number:** CRD 329493

Latest fund on file

**$23M**

raised in Oct 2023

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed Series A Series B

Median round joined **$14M** the round, not its cheque

Led 1 of 6 rounds **17%**

- **Said size:** $100K – $5.0M
- **Sole investor:** Never alone
- **Last cheque:** Feb 2026

Rounds by stage said on their site

- Series A said *3*
- Seed said *2*
- Series B said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Atlantic](https://millionrounds.com/fund/atlantic) 2
- [Cathay Innovation](https://millionrounds.com/fund/cathay-latam) 2
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 2

**Pitching Atlantico?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Atlantico. A count of rooms they were both in, not a relationship either has claimed.

[**Atlantic** Private equity **2** rounds together](https://millionrounds.com/fund/atlantic)[**Cathay Innovation** VC firm **2** rounds together](https://millionrounds.com/fund/cathay-latam)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital)

## Recently backed

The latest companies Atlantico put money into.

[**Vambe** $14M · Dec 2025](https://millionrounds.com/company/vambe)[**Onze** $20M · Dec 2024](https://millionrounds.com/company/onze)

## Quick answers about Atlantico

### What does Atlantico invest in?

Atlantico invests most often at Series A and Seed (100% of the rounds on record), in sectors such as Digital.

### How active is Atlantico?

6 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Feb 2026.

### What has Atlantico invested in recently?

Its most recent investments on record: Lebane (Seed, Feb 2026), Vambe (Series A, Dec 2025) and Akua (Seed, Oct 2025).

### How big are Atlantico's cheques?

The median round it joins is $14M. It says it writes cheques of $100K to $5.0M.

### Does Atlantico lead rounds?

Yes: it led 1 of its 6 investments on record (17%).

### Where does Atlantico invest?

Most of the companies it backs are in Brazil (60%), Argentina (20%) and Colombia (20%).

### Is Atlantico investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Atlantico invest alongside?

Most often Atlantic (2 rounds together), Cathay Innovation (2 rounds together) and Sequoia Capital (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=atlantico) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=atlantico)
