# FUNSES1: portfolio, investments and team > FUNSES1 is a government based in Brazil. 3 investments on record, 1 in the last 12 months, latest Nov 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/espirito-santo-s-sovereign-fund-funses (Millionrounds; every figure on the page links to its filing or article) Brazil · [Investor](https://millionrounds.com/investors) # FUNSES1 Last cheque observed Nov 2025; 3 cheques on record. Email Government Deploying now Pre-seed Series A Venture Capital & Private Equity Follow FUNSES1 and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fespirito-santo-s-sovereign-fund-funses) Deploying now **33%** of best year **1** **cheques in 12 months**, 3 on record Since the last cheque **351** days **00** hrs **00** min **00** sec Median round **$650K** Rounds led **2 of 3** Pitch FUNSES1 ## FUNSES1 highlights - 01 1 cheques in the last 12 months - 02 Mostly Pre-seed and Series A: 100% of its rounds - 03 Led 2 rounds ## What they do > O Fundo Soberano ES foi criado pela Lei Complementar nº 914, de 17 de junho de 2019, com o objetivo de garantir uma gestão responsável e de longo prazo das receitas provenientes da exploração dos recursos de petróleo. From their own website - **Type:** Government - **Cheque size:** Not stated - **Sectors:** Venture Capital & Private Equity - **Based in:** Vitoria, Brazil - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **3 appearances** - **2025** 3 rounds - **Nov** **[Exato Digital](https://millionrounds.com/company/exato-digital)** Series A · BR · LatamList **$3.8M** With 2 others - **Oct** **[Twiggy](https://millionrounds.com/company/twiggy)** Pre-seed · BR · LatamList **$600K** *Led* - **Mar** **[Loopia](https://millionrounds.com/company/loopia)** Pre-seed · BR · LatamList **$650K** *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. ## What they claim to have backed From their own portfolio page (on their website) **2** of 10 we have independently watched raise [Airtable](https://millionrounds.com/company/airtable)[Orchard](https://millionrounds.com/company/orchard) Acesso à Informação Acestartups Aceventures Gov Ouvidoria Prodest Secretaria de Estado Transparência 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. ## The cheque Pre-seed Series A Median round joined **$650K** the round, not its cheque Led 2 of 3 rounds **67%** - **Sole investor:** Never alone - **Last cheque:** Nov 2025 Rounds by stage said on their site - Pre-seed *2* - Series A *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [ACE Ventures](https://millionrounds.com/fund/ace-ventures-4) 2 **Pitching FUNSES1?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as FUNSES1. A count of rooms they were both in, not a relationship either has claimed. [**ACE Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/ace-ventures-4) ## Recently backed The latest companies FUNSES1 put money into. [**Exato Digital** $3.8M · Nov 2025](https://millionrounds.com/company/exato-digital)[**Twiggy** $600K · Oct 2025](https://millionrounds.com/company/twiggy)[**Loopia** $650K · Mar 2025](https://millionrounds.com/company/loopia) ## Quick answers about FUNSES1 ### What does FUNSES1 invest in? FUNSES1 invests most often at Pre-seed and Series A (100% of the rounds on record), in sectors such as Venture Capital & Private Equity. ### How active is FUNSES1? 3 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Nov 2025. ### What has FUNSES1 invested in recently? Its most recent investments on record: Exato Digital (Series A, Nov 2025), Twiggy (Pre-seed, Oct 2025) and Loopia (Pre-seed, Mar 2025). ### How big are FUNSES1's cheques? The median round it joins is $650K. ### Is FUNSES1 investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does FUNSES1 invest alongside? Most often ACE Ventures (2 rounds together). ### What kind of investor is FUNSES1? FUNSES1 is a government based in Vitoria, Brazil. ### Does FUNSES1 take cold pitches? Yes: its own website says it reads unsolicited pitches. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM 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=espirito-santo-s-sovereign-fund-funses) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=espirito-santo-s-sovereign-fund-funses)