Astella Investimentos

Astella Investimentos is a São Paulo-based early-stage venture capital firm founded in 2011 by Fabio Igel and Ricardo Haddad, focused on backing Brazilian and Latin American technology entrepreneurs at seed through Series B stages. The firm is one of Brazil's most established indigenous venture funds, investing in enterprise SaaS, consumer internet, and digital marketplace businesses that are transforming underserved segments of the Latin American economy through software and digital distribution. Astella typically writes checks from $1 million to $10 million and takes an active board and portfolio support role with its companies, helping founders navigate the complexity of scaling in Brazil's regulatory, tax, and operational environment. The firm has generated notable portfolio outcomes that demonstrate the scale achievable in Brazilian technology. VTEX, the commerce platform for large enterprises that Astella backed at an early stage, completed an IPO on the New York Stock Exchange in 2021, valuing the company at several billion dollars and representing one of Brazil's most successful technology public market exits. RD Station, the inbound marketing and sales automation platform co-built with co-founders and backed by Astella, was acquired by Brazilian software conglomerate Totvs in 2021 for approximately 1.9 billion Brazilian reais. Beyond its original investments in VTEX, RD Station, and Resultados Digitais, the firm's broader portfolio includes Brazilian SaaS and marketplace businesses across fintech, HR tech, and enterprise software.