# E-commerce investors in Brazil (2026 list)

> 32 E-commerce investors in Brazil, 84% active in the last 12 months. Led by Y Combinator, Andreessen Horowitz, FJ Labs. Ranked by what they funded.

Source: https://millionrounds.com/lists/ecommerce-investors-in-brazil (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# E-commerce investors in Brazil

Updated 7 November 2026

Firms observed backing an E-commerce company in Brazil in the last two years, wherever the firm is based.

[See all 32 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fecommerce-investors-in-brazil)The top 25

**32** investors on the list No change this week

**1,847** cheques in 12 months *-11%* against the market

**$2.5M** median round they joined *-69%* against the market median

**84%** wrote a cheque in 12 months

**66%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen
- 2 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen
- 3 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **849** **$11M** median round **Oct 2026** last seen
- 4 [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) *Deploying now* VC firm · United States **773** **$47M** median round **Nov 2026** last seen
- 5 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **765** **$40M** median round **Oct 2026** last seen
- 6 [Bossa Invest](https://millionrounds.com/fund/bossa-invest) *Deploying now* VC firm · Brazil **657** **$6.7M** median round **Oct 2026** last seen
- 7 [8VC](https://millionrounds.com/fund/8vc) *Deploying now* VC firm · United States **497** **$23M** median round **Oct 2026** last seen
- 8 [Drive Capital](https://millionrounds.com/fund/drive-capital) *Deploying now* VC firm · United States **190** **$8.4M** median round **Oct 2026** last seen
- 9 [Canary](https://millionrounds.com/fund/canary) *Deploying now* VC firm · Brazil **141** **$6M** median round **Nov 2026** last seen
- 10 [Palm Drive Capital](https://millionrounds.com/fund/palm-drive-capital) *Deploying now* VC firm · United States **89** **$8M** median round **Oct 2026** last seen
- 11 [NXTP Ventures](https://millionrounds.com/fund/nxtp) *Deploying now* VC firm · Argentina **75** **$3M** median round **Sept 2026** last seen
- 12 [NATO DIANA](https://millionrounds.com/fund/nato-diana) *Deploying now* Investment firm **67** **$417K** median round **Jul 2026** last seen
- 13 [MAYA Capital](https://millionrounds.com/fund/maya-capital) *Deploying now* VC firm · Brazil **47** **$5.1M** median round **Sept 2026** last seen
- 14 [Astella](https://millionrounds.com/fund/astella) *Deploying now* VC firm · Brazil **45** **$2.5M** median round **Apr 2026** last seen
- 15 [VMG Partners](https://millionrounds.com/fund/vmg-partners) *Deploying now* VC firm · United States **45** **$33M** median round **Nov 2026** last seen
- 16 [Caravela Capital](https://millionrounds.com/fund/caravela-capital) *Deploying now* VC firm · Brazil **40** **$3M** median round **Sept 2026** last seen
- 17 [Ace Ventures](https://millionrounds.com/fund/ace-ventures-2) *Deploying now* Venture studio · United Kingdom **10** **$12M** median round **Jul 2026** last seen
- 18 [domo.vc](https://millionrounds.com/fund/domo-vc) *Deploying now* VC firm · Brazil **8** **$650K** median round **Apr 2026** last seen
- 19 [Parceiro Ventures](https://millionrounds.com/fund/parceiro-ventures) *Deploying now* VC firm · Brazil **6** **$1.3M** median round **Sept 2026** last seen
- 20 [ACE Ventures](https://millionrounds.com/fund/ace-ventures-4) *Deploying now* VC firm · Brazil **3** **$650K** median round **Aug 2026** last seen
- 21 [FUNSES1](https://millionrounds.com/fund/espirito-santo-s-sovereign-fund-funses) *Deploying now* Government · Brazil **3** **$650K** median round **Nov 2025** last seen
- 22 [WOW Aceleradora](https://millionrounds.com/fund/wow-aceleradora-de-startups) *Deploying now* Accelerator · Brazil **3** **$398K** median round **Sept 2026** last seen
- 23 [B Venture Capital](https://millionrounds.com/fund/b-venture-capital) *Deploying now* VC firm · Brazil **2** **$2.4M** median round **Aug 2026** last seen
- 24 [BVC](https://millionrounds.com/fund/bankless-ventures) *Deploying now* VC firm · United States **2** **$650K** median round **Oct 2026** last seen
- 25 [Quartzo](https://millionrounds.com/fund/quartzo) *Deploying now* VC firm · Brazil **2** **$2M** median round **Jul 2026** last seen

**7 more on this list**

All 32 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fecommerce-investors-in-brazil)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *Led by* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management)
- **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management)
- **4** Nov **[MISS A](https://millionrounds.com/company/miss-a)** Other *With* [VMG Partners](https://millionrounds.com/fund/vmg-partners)
- **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *Led by* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)
- **3** Nov **[Vereda](https://millionrounds.com/company/vereda)** Seed · $5.5M *Led by* [Canary](https://millionrounds.com/fund/canary)
- **2** Nov **[Northwood Space](https://millionrounds.com/company/northwood-space)** Series C · $375M *Led by* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)

## Stages This Year

1,679 rounds

- Venture **25%**
- Pre-seed **16%**
- Seed **16%**
- Series A **14%**
- Series B **6%**
- Other **22%**

## What They Backed

Sectors, last 12 months

- AI **852**
- Fintech **131**
- Big Data & Analytics **111**
- Financial Services **80**
- Healthcare **73**
- Aerospace & Space **63**

## Cheques by Quarter

Led Joined

519 Q1 25

477 Q2 25

664 Q3 25

600 Q4 25

591 Q1 26

512 Q2 26

388 Q3 26

92 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in United States 3,683](https://millionrounds.com/lists/ai-investors-in-united-states)
- [Fintech investors in United States 1,166](https://millionrounds.com/lists/fintech-investors-in-united-states)
- [AI investors in United Kingdom 1,039](https://millionrounds.com/lists/ai-investors-in-united-kingdom)
- [Big Data & Analytics investors in United States 1,039](https://millionrounds.com/lists/big-data-investors-in-united-states)
- [Biotech investors in United States 914](https://millionrounds.com/lists/biotech-investors-in-united-states)
- [Energy investors in United States 798](https://millionrounds.com/lists/energy-investors-in-united-states)
- [Robotics investors in United States 797](https://millionrounds.com/lists/robotics-investors-in-united-states)
- [Construction investors in United States 742](https://millionrounds.com/lists/construction-investors-in-united-states)
- [Cybersecurity investors in United States 702](https://millionrounds.com/lists/cybersecurity-investors-in-united-states)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in e-commerce and consumer brands

- Product Research 101: Find Winning Products to Sell on Amazon and Beyond Renae Clark · 2015 4.20 from 304 ratings on Goodreads E-commerce and consumer brands About the book Just getting started with product research and sourcing? Stuck trying to find ideas or find that “perfect” winning product? Want to find good selling products that others are ignoring? Interested in wholesale or private label products? If you answered yes, then this book is for… On AmazonListen on Audible
- You Must Write a Book: Boost Your Brand, Get More Business, and Become the Go-To Expert Honoree Corder · 2016 4.21 from 280 ratings on Goodreads E-commerce and consumer brands About the book Honorée Corder is the author of dozens of books, she does all sorts of other magical things, and her badassery is legendary. She is Hal Elrod's business partner and co-creator of The Miracle Morning book series, and she coaches high profile professionals, guiding them into some… On AmazonListen on Audible
- The Everything Store: Jeff Bezos and the Age of Amazon Brad Stone · 2013 4.13 from 78,706 ratings on Goodreads E-commerce and consumer brands About the book The definitive story of Amazon.com, one of the most successful companies in the world, and of its driven, brilliant founder, Jeff Bezos. Amazon.com started off delivering books through the mail. But its visionary founder, Jeff Bezos, wasn't content with being a bookseller. He… On AmazonListen on Audible
- The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power Dana Mattioli · 2024 4.12 from 1,461 ratings on Goodreads E-commerce and consumer brands About the book From veteran Amazon reporter for The Wall Street Journal, and finalist for the Pulitzer Prize in investigative reporting, Dana Mattioli's The Everything War is the shocking, explosive, and untold exposé of Amazon's endless strategic greed, from destroying Main Street to remaking… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&model=ecommerce).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about E-commerce investors in Brazil

### Who are the most active E-commerce investors in Brazil?

By cheques observed, the most active are Y Combinator, Andreessen Horowitz, FJ Labs, Tiger Global Management and Insight Partners.

### How many E-commerce investors in Brazil are there?

32 are on record. 84% made an investment in the last 12 months and 66% have led a round.

### Which stages do E-commerce investors in Brazil back?

Of the rounds with a named stage in the last 12 months, mostly Pre-seed (24%) and Seed (23%).

### How big are the rounds E-commerce investors in Brazil join?

The typical (median) round among the leading investors here is $3M.

### Which sectors do E-commerce investors in Brazil back most?

In the last 12 months, mostly AI, Fintech and Big Data & Analytics.

### Which E-commerce investors in Brazil lead the most rounds?

Andreessen Horowitz (114 led), Insight Partners (43 led) and Tiger Global Management (42 led).

### Where are E-commerce investors in Brazil based?

Among the most active, most are based in Brazil (12), the United States (10) and Argentina (1).

### What have E-commerce investors in Brazil invested in recently?

Recent rounds include Harbinger (Series D+, Nov 2026, with Tiger Global Management), Zipline (Growth, Nov 2026, with Tiger Global Management) and MISS A (Other, Nov 2026, with VMG Partners).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)