Problem
Startups with unicorn potential give up too much equity and raise too little capital in their first round. This stalls their venture capital journey and prevents them from reaching the size they could achieve.
Those that have progressed and raised several rounds have distributed equity to the team. Vesting, however, has no liquidity. This creates a problem for the company and its people.
Solution
A vehicle that invests US$50,000 for a 1.25% equity stake.
We also purchase, at a discount, stakes held by employees who have vested equity and need liquidity.
We tokenize these stakes and make them available on our platform to other investors.
Business model
An annual management fee of 0.5%, charged upfront for 10 years.
A performance fee of 40% on returns above the SELIC rate.
Market
In 2025, approximately US$500 billion was invested worldwide. Brazil accounted for US$4 billion.
Average annual growth of 8%.
Competitors
Global references:
• EquityZen: US$1.5 billion in TPV, acquired by Morgan Stanley.
• Forge Global: US$15 billion in TPV, acquired by Charles Schwab for US$660 million.
• Hiive: US$930 million in TPV and has raised US$650 million.
None operates in Brazil. We have no direct competitor here. Similar platforms exist, but they focus on private debt.
Competitive differentiation
Exclusive focus on equity in VC-backed startups.
The team's experience.
Entry barrier
There is the regulatory barrier of CVM Resolution 88.
The main one, however, is the founders' experience: they have worked in the startup ecosystem since the 1990s and are already investors.
Traction
We have already raised private capital from 20 investors.
We are currently going through the CVM Resolution 88 regulatory process.