New Ventures Brazil convened over 50 investors on June 27th, to discuss the angel investment landscape in Brazil. The meeting also included a soft launch of the newly created São Paulo Anjos (SPA) – the first network of angel investors from the state of São Paulo. The aim of the meeting was to provide a space for networking for angel investors with seed and venture capital funds and incubators, as well as discussing the demand from angel investors, the supply of investment projects, and the most appropriate financial instruments for angel investment.

The event featured short presentations by Novarum – a seed fund from Belo Horizonte, Rio Bravo Investimentos and Axial Par Investimentos – both venture capital funds based in Sao Paulo, FINEP – the Brazilian government agency for innovation, Gávea Angels – an angel investor network in Rio de Janeiro, and of course the newly founded São Paulo Anjos.

The discussions covered the role of angels as investors and mentors, lessons learned about enterprise creation, and the role of incubators. It was stressed that the angel investor’s experience in business is an important asset to an investee in constructing a business model and a vision. With this foundation in place it becomes much easier for seed funds to co-invest into an early stage enterprise or even finance the entrepreneur herself. Responding to an overview of the SPA’s structure and activities, participants also discussed possibilities for further networking and collaboration. It was pointed out that FINEP and New Ventures, who both have extensive experience in enterprise development and mentoring, could play an important role in advising the SPA about their process and there will be many synergies for deal flow creation in the future.

New Ventures would like to congratulate the São Paulo Anjos for their initiative and looks forward to collaborating closely in the future.