# Canary: portfolio, investments and team

> Canary is a vc firm based in Brazil. 140 investments on record, 20 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# Canary

Last cheque observed Oct 2026; 140 cheques on record.

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Deploying now New fund $545M, Jul 2026 VC firm

Pre-seed Seed Series A Communities Leisure Venture Capital & Private Equity

Follow Canary and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcanary)

Deploying now

**59%** of best year **20** **cheques in 12 months**, 140 on record

Since the last cheque **11** days **00** hrs **00** min **00** sec

Median round **$6.3M** Cheque size, as they say **$250K – $15M** Rounds led **5 of 140** Sole investor **13 rounds** Mostly in **Brazil, 77%**

Pitch Canary

## Canary highlights

- 01 20 cheques in the last 12 months
- 02 Mostly Seed and Venture: 58% of its rounds
- 03 Sole investor in 13 rounds, median $2.6M

## What they do

> Filed 2 private fund offerings with the SEC, the most recent in 2022-06 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $250K – $15M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Communities Leisure Venture Capital & Private Equity
- **Based in:** Rua Cunha Gago, Brazil
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **140 appearances**

- **2026** 16 rounds
- **Oct** **[Alice](https://millionrounds.com/company/alice)** Series D · BR · Contxto **$40M** With 7 others
- **Sept** **[Loads](https://millionrounds.com/company/loads)** Debt · CL · LatamList **$15M** With 2 others
- **Sept** **[Bull](https://millionrounds.com/company/bull)** Seed · BR · LatamList **$3.7M** With 2 others
- **Sept** **[Settle](https://millionrounds.com/company/settle)** Pre-seed · US **$3.1M** With 1 other
- **Jul** **[Capim](https://millionrounds.com/company/capim)** Venture · BR **$6.5M** With 4 others
- **Jul** **[Caju](https://millionrounds.com/company/caju)** Venture · BR **$10M** With 4 others
- **Jun** **[Telepatia](https://millionrounds.com/company/telepatia)** Series A · BR · LatamList **$33M** With 6 others
- **Jun** **[Karta](https://millionrounds.com/company/karta)** Debt · US **$125M** With 5 others
- **May** **[Robbin](https://millionrounds.com/company/robbin)** Debt · BR **$100M** With 2 others
- **Apr** **[Inner AI](https://millionrounds.com/company/inner-ai)** Seed · BR · LatamList **$6.0M** *Led*
- **Mar** **[Cayena](https://millionrounds.com/company/cayena)** Venture · BR **Undisclosed** With 4 others
- **Mar** **[Saúde Bliss](https://millionrounds.com/company/saude-bliss)** Series A · BR **$11M** With 3 others
- **Feb** **[Comp](https://millionrounds.com/company/comp)** Series A · BR · LatamList **$18M** With 6 others
- **Feb** **[Ravena](https://millionrounds.com/company/ravena)** Seed · BR · LatamList **$7.6M** *Led*
- **Feb** **[Aurelia](https://millionrounds.com/company/aurelia)** Pre-seed · GB **$700K** With 1 other
- **Jan** **[Magie](https://millionrounds.com/company/magie)** Seed · BR · LatamList **$5.0M** With 3 others
- **2025** 33 rounds
- **Dec** **[Kala](https://millionrounds.com/company/kala)** Debt · CO · LatamList **$55M** With 2 others
- **Dec** **[Lastlink](https://millionrounds.com/company/lastlink)** Series A · BR **$5.2M** With 3 others
- **Dec** **[Revena](https://millionrounds.com/company/revena)** Seed · BR **$7.4M** With 3 others
- **Nov** **[Doji](https://millionrounds.com/company/doji)** Seed · BR **$563K** With 2 others
- **Oct** **[ISA Saúde](https://millionrounds.com/company/isa-saude)** Series B · BR · LatamList **$30M** With 5 others
- **Oct** **[Telepatia AI](https://millionrounds.com/company/telepatia-ai)** Seed · BR · LatamList **$9.0M** With 5 others
- **Oct** **[Bull](https://millionrounds.com/company/bull)** Pre-seed · BR · LatamList **$1.8M** *Led*
- **Oct** **[zMatch](https://millionrounds.com/company/zmatch)** BR · LatamList **$1.8M** With 4 others
- **Oct** **[Lastro](https://millionrounds.com/company/lastro)** Series A · LatamList **$16M** With 7 others
- **Oct** **[180 Seguros](https://millionrounds.com/company/180-seguros)** Venture · BR **$2.5M** With 2 others
- **Sept** **[Zippi](https://millionrounds.com/company/zippi)** Debt · BR · LatamList **$16M** With 6 others
- **Sept** **[Infleet](https://millionrounds.com/company/infleet)** Series A · BR · LatamList **$7.5M** *Led*
- **Sept** **[Ume](https://millionrounds.com/company/ume)** Series B · BR · LatamList **$22M** With 6 others
- **Sept** **[Arvo](https://millionrounds.com/company/arvo)** Series A · BR · LatamList **$20M** With 6 others
- **Sept** **[180 Seguros](https://millionrounds.com/company/180-seguros)** BR · LatamList **$9.2M** With 3 others
- **Sept** **[Darwin AI](https://millionrounds.com/company/darwin-ai)** Seed · BR · LatamList **$4.5M** With 3 others
- **Sept** **[Wehandle](https://millionrounds.com/company/wehandle)** Seed · BR **$6.6M** With 1 other
- **Sept** **[UME Financial Services](https://millionrounds.com/company/ume-financial-services)** Series B · BR **$21M** With 4 others
- **Sept** **[Pineapple](https://millionrounds.com/company/pineapple)** CA **$100M** Sole investor
- **Sept** **[Gabriel](https://millionrounds.com/company/gabriel)** Venture · BR **$6.5M** With 3 others
- **Aug** **[VAAS](https://millionrounds.com/company/vaas)** Seed · BR · LatamList **$3.7M** With 6 others
- **Aug** **[Axenya](https://millionrounds.com/company/axenya)** Series A · UY **$12M** With 3 others
- **Jul** **[Plenna](https://millionrounds.com/company/plenna)** Series A · MX · LatamList **$6.0M** With 9 others
- **Jul** **[Karta](https://millionrounds.com/company/karta)** Seed · US **$5.4M** With 4 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 **12 named**

DC **Daniel C. Bordessa** Mr. Bordessa is a manager of Cyrus Capital Partners GP, LLC, which is the managing member of Cyrus Capital Advisors, LLC, the general partner i Filing they signed

FH **Florian Hagenbuch** Managing Member i Filing they signed

JH **James H. Tucker** Mr. Tucker is a manager of Cyrus Capital Partners GP, LLC, which is the managing member of Cyrus Capital Advisors, LLC, the general partner i Filing they signed

LC **Liliana Carlos Rodriguez** CCO i Form ADV

MD **Marcos de Toledo Leite** Managing Member i Filing they signed

ML **Martin Lang** Director i Filing they signed

MP **Mate Pencz** Owner i Form ADV

PA **Patrick Agemian** Director i Filing they signed

PD **Patrick Depicciotto** Owner i Form ADV

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

SC **Stephen C. Freidheim** Mr. Freidheim is a manager of Cyrus Capital Partners GP, LLC, which is the managing member of Cyrus Capital Advisors, LLC, the general partner i Filing they signed

TW **Tim Woolaver** Director i Filing they signed

We also hold **14** 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

**$393M** gross assets of its funds Oct 2026

**13+** funds on file numbered funds in its name

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

- **Legal name:** CNRY Management Company Ltda.
- **SEC number:** CRD 288067

New fund on file

**$545M**

raised in Jul 2026

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

## The cheque

Pre-seed Seed Series A

Median round joined **$6.3M** the round, not its cheque Alone, median **$2.6M**

Led 5 of 140 rounds **4%**

- **Said size:** $250K – $15M
- **Sole investor:** 13 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *51*
- Venture *24*
- Series A said *22*
- Series B said *16*
- Pre-seed said *10*
- Debt *7*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Norte Ventures](https://millionrounds.com/fund/norte-ventures-2) 22
- [FJ Labs](https://millionrounds.com/fund/fj-labs) 20
- [Kaszek Ventures](https://millionrounds.com/fund/kaszek) 17
- [ONEVC](https://millionrounds.com/fund/onevc) 13
- [Latitud](https://millionrounds.com/fund/latitud) 12
- [Global Founders Capital](https://millionrounds.com/fund/global-founders-capital) 10

**Pitching Canary?** 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 Canary. A count of rooms they were both in, not a relationship either has claimed.

[**Norte Ventures** VC firm **22** rounds together](https://millionrounds.com/fund/norte-ventures-2)[**FJ Labs** VC firm **20** rounds together](https://millionrounds.com/fund/fj-labs)[**Kaszek Ventures** VC firm **17** rounds together](https://millionrounds.com/fund/kaszek)[**ONEVC** VC firm **13** rounds together](https://millionrounds.com/fund/onevc)[**Latitud** VC firm **12** rounds together](https://millionrounds.com/fund/latitud)[**Global Founders Capital** VC firm **10** rounds together](https://millionrounds.com/fund/global-founders-capital)[**Y Combinator** Accelerator **10** rounds together](https://millionrounds.com/fund/y-combinator)[**Endeavor Catalyst** Corporate VC **9** rounds together](https://millionrounds.com/fund/endeavor-catalyst)[**Caravela Capital** VC firm **8** rounds together](https://millionrounds.com/fund/caravela-capital)[**Monashees** VC firm **8** rounds together](https://millionrounds.com/fund/monashees)[**Valor Capital Group** VC firm **8** rounds together](https://millionrounds.com/fund/valor-capital)[**Clocktower Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/clocktower-ventures)

## Recently backed

The latest companies Canary put money into.

[**Loads** $15M · Sept 2026](https://millionrounds.com/company/loads)[**Bull** $3.7M · Sept 2026](https://millionrounds.com/company/bull)[**Settle** $3.1M · Sept 2026](https://millionrounds.com/company/settle)[**Capim** $6.5M · Jul 2026](https://millionrounds.com/company/capim)[**Caju** $10M · Jul 2026](https://millionrounds.com/company/caju)[**Karta** $125M · Jun 2026](https://millionrounds.com/company/karta)

## On podcasts

6 episodes naming Canary in the title, and 4 more that mention it.

- [The Healthtech Podcast](https://millionrounds.com/podcasts/healthtech-podcast) 18 Feb 2026 · 1h 0m #434 Vocal biomarkers: Detecting the unspoken with Kang Hsu from Canary Speech Mentions [Canary](https://millionrounds.com/fund/canary) Apple PodcastsShow page
- [Latitud Podcast](https://millionrounds.com/podcasts/latitud) 6 Dec 2023 · 36 min #166, The path to your Series A: Latitud Ventures, Canary, Valor Capital Group, and Fintech Collective at Vamos Latam Summit Mentions [Canary](https://millionrounds.com/fund/canary)[Valor Capital Group](https://millionrounds.com/fund/valor-capital)[Tomas Roggio](https://millionrounds.com/person/tomas-roggio) Apple Podcasts
- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 14 Oct 2023 · 15 min WTT - NAV Loans: Canary or the Gold Mine? Mentions [Canary](https://millionrounds.com/fund/canary) Apple PodcastsShow page
- [Latitud Podcast](https://millionrounds.com/podcasts/latitud) 16 Nov 2022 · 58 min #121 – In an uncertain market, a certain bet on LatAm startups: Izabel Gallera and Marcos Toledo, Canary With [Izabel Gallera](https://millionrounds.com/person/izabel-gallera) Mentions [Canary](https://millionrounds.com/fund/canary)[Florian Hagenbuch](https://millionrounds.com/person/florian-hagenbuch)[Julio Vasconcellos](https://millionrounds.com/person/julio-vasconcellos) *+1* Apple Podcasts
- [Latitud Podcast](https://millionrounds.com/podcasts/latitud) 14 Oct 2022 · 54 min #116 – Past, present, and future of venture capital in Latin America: Canary, Kaszek, and Monashees at Vamos Latam Summit Mentions [Canary](https://millionrounds.com/fund/canary)[Monashees](https://millionrounds.com/fund/monashees)[Izabel Gallera](https://millionrounds.com/person/izabel-gallera) *+2* Apple Podcasts
- [Give First](https://millionrounds.com/podcasts/give-first) 27 Jul 2022 · 23 min ESG Takeover: B Lab Community Engagement Manager and Project Canary COO on What It Means to be a B Corp Mentions [Canary](https://millionrounds.com/fund/canary) Apple PodcastsShow page

### Mentioned in

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 29 May 2024 · 25 min Supercharging AI infrastructure: Celestial AI’s David Lazovsky Apple PodcastsShow page
- [Invest Like the Best](https://millionrounds.com/podcasts/invest-like-the-best) 27 Sept 2022 · 1h 4m Julio Vasconcellos & Mate Pencz - Investing in Latin America - [Invest Like the Best, EP.296] Apple PodcastsShow page
- [Latitud Podcast](https://millionrounds.com/podcasts/latitud) 11 Nov 2021 · 1h 9m #67 - Fueling innovation in LatAm: Florian Hagenbuch, Loft Apple Podcasts
- [Inevitable](https://millionrounds.com/podcasts/inevitable) 10 Dec 2020 · 48 min Startup Series: DroneSeed (Now Mast Reforestation) Apple PodcastsShow page

## Quick answers about Canary

### What does Canary invest in?

Canary invests most often at Seed and Venture (58% of the rounds on record), in sectors such as Communities, Leisure and Venture Capital & Private Equity.

### How active is Canary?

140 investments on record, 20 of them in the last 12 months, and it led 5. The most recent was in Oct 2026.

### What has Canary invested in recently?

Its most recent investments on record: Alice (Series D, Oct 2026), Loads (Debt, Sept 2026) and Bull (Seed, Sept 2026).

### How big are Canary's cheques?

The median round it joins is $6.3M. It says it writes cheques of $250K to $15M.

### Does Canary lead rounds?

Sometimes: it led 5 of its 140 investments on record (4%).

### Where does Canary invest?

Most of the companies it backs are in Brazil (77%) and the United States (8%).

### Is Canary investing now?

Yes: it is actively investing, with 20 investments in the last 12 months.

### Who does Canary invest alongside?

Most often Norte Ventures (22 rounds together), FJ Labs (20 rounds together) and Kaszek Ventures (17 rounds together).

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