# Bewater: portfolio, investments and team

> Bewater is a vc firm based in Brazil. 3 investments on record, latest Sept 2025. Portfolio, stages, co-investors and team.

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

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

# Bewater

Filed with the SEC to raise a fund in Oct 2026, closing $13M. Last cheque observed Sep 2025.

Email

VC firm Quiet New fund $13M, Oct 2026

Series A Series B Venture Capital & Private Equity

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 3 on record

Since the last cheque **414** days **00** hrs **00** min **00** sec

Median round **$14M** Rounds led **3 of 3** Sole investor **1 rounds**

Pitch Bewater

## Bewater highlights

- 01 3 rounds on record
- 02 Mostly Series B: 100% of its rounds
- 03 Sole investor in 1 rounds, median $7.0M

## What they do

> At Bewater, we don’t just invest – we partner. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Series A Series B
- **Sectors:** Venture Capital & Private Equity
- **Based in:** São Paulo, Brazil
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **3 appearances**

- **2025** 2 rounds
- **Sept** **[Ume](https://millionrounds.com/company/ume)** Series B · BR · LatamList **$22M** *Led*
- **Jul** **[Woba](https://millionrounds.com/company/woba)** Series B · LatamList **$14M** *Led*
- **2024** 1 round
- **Dec** **[Trinus](https://millionrounds.com/company/trinus)** Series B · BR · LatamList **$7.0M** *Led*

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 **6 named**

CA **Carlos Alberto Guerra Filgueiras** Managing Member of the GP i Filing they signed

CA **Cinthia Albertini Romaro** Partner i Form ADV

GW **Guilherme Weege** Managing Member of Managing Member i Filing they signed

LE **Leonardo Esmeraldo De Aquino** Partner i Form ADV

RT **Richard Thoms** Officer of the Issuer's Administrative Manager i Filing they signed

VA **Vidal Armaganijan Fabio** Sole Member of a Managing Member of the GP i Filing they signed

We also hold **5** 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

**$129M** gross assets of its funds, 2 advisers combined Oct 2026

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

- **Legal name:** Bewater Consultoria Aspvs LTDA
- **SEC number:** CRD 324896

## What they claim to have backed

From their own portfolio page (on their website)

**3** of 9 we have independently watched raise

[Farmtech](https://millionrounds.com/company/farmtech)[Trinus](https://millionrounds.com/company/trinus)[Woba](https://millionrounds.com/company/woba) Logotipo Mais A Educação Logotipo Remessa Online Logotipo Revelo Logotipo Sim co NeST Digital skyone

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$13M**

raised in Oct 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series A Series B

Median round joined **$14M** the round, not its cheque Alone, median **$7.0M**

Led 3 of 3 rounds **100%**

- **Sole investor:** 1 rounds
- **Last cheque:** Sept 2025

Rounds by stage said on their site

- Series B said *3*
- Series A said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

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

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## Who they invest alongside

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

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

## Recently backed

The latest companies Bewater put money into.

[**Woba** $14M · Jul 2025](https://millionrounds.com/company/woba)

## Quick answers about Bewater

### What does Bewater invest in?

Bewater invests most often at Series B (100% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Bewater?

3 investments on record, 0 of them in the last 12 months, and it led 3. The most recent was in Sept 2025.

### What has Bewater invested in recently?

Its most recent investments on record: Ume (Series B, Sept 2025), Woba (Series B, Jul 2025) and Trinus (Series B, Dec 2024).

### How big are Bewater's cheques?

The median round it joins is $14M.

### Is Bewater investing now?

No investments in the last 12 months; the latest was in Sept 2025.

### Who does Bewater invest alongside?

Most often Valor Capital Group (2 rounds together).

### What kind of investor is Bewater?

Bewater is a VC firm based in São Paulo, Brazil.

### How much does Bewater manage?

About $129M, as gross assets of its private funds, 2 advisers added together (Oct 2026).

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