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Canary

Founders Florian Hagenbuch Julio Vasconcellos Marcos de Toledo Leite Mate Pencz Patrick de Picciotto

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 195
Average round size
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The average size of a deal this fund participated in
$4M
Portfolio companies 125
Rounds per year 24.38
Lead investments 50
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.33
Exits 7
Key employees 6
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Financial Services
  • Information Technology
  • Software
  • Internet
  • FinTech
Summary

Canary is the famous VC, which was founded in 2016. The main department of described VC is located in the Su00e3o Paulo. The company was established in South America in Brazil.

The standard case for the fund is to invest in rounds with 2-3 partakers. Despite the Canary, startups are often financed by monashees, Y Combinator, Mate Pencz. The meaningful sponsors for the fund in investment in the same round are Valor Capital Group, Global Founders Capital, ONEVC. In the next rounds fund is usually obtained by monashees, Kaszek Ventures, Valor Capital Group.

This Canary works on 27 percentage points less the average amount of lead investments comparing to the other organizations. The important activity for fund was in 2019. The common things for fund are deals in the range of 5 - 10 millions dollars. The fund is constantly included in 13-24 investment rounds annually. Considering the real fund results, this VC is 50 percentage points more often commits exit comparing to other organizations. When the investment is from Canary the average startup value is 100-500 millions dollars.

Among the most popular fund investment industries, there are Information Services, Software. The fund has no exact preference in a number of founders of portfolio startups. When startup sums 4 of the founder, the probability for it to get the investment is little. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Brazil. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the various public portfolio startups of the fund, we may underline Gupy, Idwall, Hash

The current fund was established by Florian Hagenbuch, Julio Vasconcellos, Marcos de Toledo Leite, Mate Pencz, Patrick de Picciotto. We also calculated 6 valuable employees in our database.

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Related Funds

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These funds often invest in the rounds preceeding the rounds of Canary:
Typical Co-investors
Canary is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Canary:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Lexter.ai

Artificial Intelligence
Legal Tech
SaaS
$3M03 Apr 2024 Sao Paulo, São Paulo, Brazil

Inner AI

Video
$2M02 Apr 2024 -

Darwin AI

Artificial Intelligence
Information Technology
Software
$2M26 Feb 2024 -

Loads

AgTech
$2M08 Nov 2023 Santiago, Region Metropolitana, Chile

Inner AI

Video
$2M01 Nov 2023 -

Apprenty

Artificial Intelligence
Education
Information Technology
$1M27 Jul 2023 Brasil, São Paulo, Brazil

BrandLovrs

Content Creators
Creative Agency
E-Commerce Platforms
Media and Entertainment
$2M19 Apr 2023 Sao Paulo, São Paulo, Brazil

Kala

FinTech
$4M12 Apr 2023 Colombia, Colombia

Comp

Automotive
E-Commerce
Financial Services
Insurance
Internet
Price Comparison
$2M29 Mar 2023 Sao Paulo, São Paulo, Brazil
News
Tuna raises $3M to address complexity of e-commerce payments in Latin America

– Tuna, a Latin American payments company, raised $3m in seed funding.
– The round was led by Canary and Atlantico.
– The company is on a mission to “fine tune” the payments space in Latin America.
– It boasts a customer list that includes the large Brazilian fashion chain Riachuelo.

Brazil’s idwall raises $38M for identity validation platform

– idwall, a Brazilian regtech, raised $38m in Series C funding.
– The round was led by Endurance and joined by GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte.
– The company has grown 1,458% between 2017 and 2020, with average growth of 144% per year.
– Its clients include 10 unicorns, two out of the three biggest banks in Brazil and companies such as iFood, Claro, Cielo, Loggi, Ebanx, QuintoAndar and OLX, among others.

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Total investments 195
Average round size 4M
Rounds per year 24.38
Peak activity year 2021
Lead investments 50
Follow on index 0.33
Exits 7
Group Appearance index 0.72

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Lexter.ai

Artificial Intelligence
Legal Tech
SaaS
$3M03 Apr 2024 Sao Paulo, São Paulo, Brazil

Inner AI

Video
$2M02 Apr 2024 -

Darwin AI

Artificial Intelligence
Information Technology
Software
$2M26 Feb 2024 -

Loads

AgTech
$2M08 Nov 2023 Santiago, Region Metropolitana, Chile

Inner AI

Video
$2M01 Nov 2023 -

Apprenty

Artificial Intelligence
Education
Information Technology
$1M27 Jul 2023 Brasil, São Paulo, Brazil

BrandLovrs

Content Creators
Creative Agency
E-Commerce Platforms
Media and Entertainment
$2M19 Apr 2023 Sao Paulo, São Paulo, Brazil

Kala

FinTech
$4M12 Apr 2023 Colombia, Colombia

Comp

Automotive
E-Commerce
Financial Services
Insurance
Internet
Price Comparison
$2M29 Mar 2023 Sao Paulo, São Paulo, Brazil
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