# BluStone: portfolio, investments and team

> BluStone is a private equity based in Brazil. 5 investments on record, 2 in the last 12 months, latest Jun 2026. Portfolio, stages, co-investors and team.

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

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

# BluStone

Last cheque observed Jun 2026; 5 cheques on record.

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Private equity Deploying now New fund $450K, Sept 2026

Seed Series A Underserved Social Good Social Impact

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Deploying now

**67%** of best year **2** **cheques in 12 months**, 5 on record

Since the last cheque **135** days **00** hrs **00** min **00** sec

Median round **$7.5M** Rounds led **1 of 5** Mostly in **Brazil, 80%**

Pitch BluStone

## BluStone highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Pre-seed: 60% of its rounds
- 03 Led 1 rounds

## What they do

> Somos uma gestora de venture capital que investe em startups early-stage, apoiando empreendedores na construção e no crescimento de empresas inovadoras na América Latina. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Underserved Social Good Social Impact
- **Based in:** Sao Paulo, Brazil
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **5 appearances**

- **2026** 2 rounds
- **Jun** **[Vixtra](https://millionrounds.com/company/vixtra)** Series A · BR · LatamList **$9.6M** With 7 others
- **Jan** **[Lerian](https://millionrounds.com/company/lerian)** Seed · BR · LatamList **$5.7M** With 5 others
- **2025** 1 round
- **Sept** **[Infleet](https://millionrounds.com/company/infleet)** Series A · BR · LatamList **$7.5M** With 6 others
- **2024** 1 round
- **Nov** **[Apoia](https://millionrounds.com/company/apoia)** Pre-seed · BR · LatamList **$800K** *Led*
- **2019** 1 round
- **May** **[Paradigm Diagnostics](https://millionrounds.com/company/paradigm-diagnostics)** Series B · US · FinSMEs **$15M** With 6 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 **5 named**

BS **Bill Strang** Executive Officer, Promoter i Filing they signed

EW **Eric Wolking** Executive Officer, Promoter i Filing they signed

HP **Hoang Phan** Officer of the Issuer's Administrative Manager i Filing they signed

JA **John Allen** Executive Officer, Promoter i Filing they signed

MI **Michael Ivey** Executive Officer, Promoter i Filing they signed

We also hold **8** 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.

New fund on file

**$450K**

raised in Sept 2026

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

## The cheque

Seed Series A

Median round joined **$7.5M** the round, not its cheque

Led 1 of 5 rounds **20%**

- **Sole investor:** Never alone
- **Last cheque:** Jun 2026

Rounds by stage said on their site

- Series A said *2*
- Pre-seed *1*
- Seed said *1*
- Series B *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies BluStone put money into.

[**Vixtra** $9.6M · Jun 2026](https://millionrounds.com/company/vixtra)[**Lerian** $5.7M · Jan 2026](https://millionrounds.com/company/lerian)[**Apoia** $800K · Nov 2024](https://millionrounds.com/company/apoia)

## Quick answers about BluStone

### What does BluStone invest in?

BluStone invests most often at Series A and Pre-seed (60% of the rounds on record), in sectors such as Underserved, Social Good and Social Impact.

### How active is BluStone?

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

### What has BluStone invested in recently?

Its most recent investments on record: Vixtra (Series A, Jun 2026), Lerian (Seed, Jan 2026) and Infleet (Series A, Sept 2025).

### How big are BluStone's cheques?

The median round it joins is $7.5M.

### Does BluStone lead rounds?

Yes: it led 1 of its 5 investments on record (20%).

### Where does BluStone invest?

Most of the companies it backs are in Brazil (80%) and the United States (20%).

### Is BluStone investing now?

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

### What kind of investor is BluStone?

BluStone is a private equity firm based in Sao Paulo, Brazil.

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