INVESTOR NOTES / 001ANGEL INVESTOR / Sao Paulo, Brazil
David Velez
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Sao Paulo, Brazil

David Velez.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

THE ENTRY PATTERN2018–2026
44%

of dated first investments
were at Angel, Pre-Seed or Seed

First investment stage across 18 companies8 Seed, 0 Angel and 10 other-stage entries. Each dot represents one company.
Seed 8Angel 0Other 10

One dot = one company at first recorded investment.

18 companies · 23 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 17 Dec 2025
THE FOUNDER’S BRIEF

Read the pattern before the pitch.

Written insights from the recorded portfolio, with the evidence linked below.

01

Start with the first entry

David Velez has dated investments in 18 companies. 8 first entries were at Angel, Pre-Seed or Seed (44.4%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

Explore the evidence ↗
02

Separate activity from reputation

3 first company relationships appear in the latest 24 months, compared with 2 in the preceding window. The latest recorded investment is 2025-12-17. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

8 of 15 companies with a full 24-month observation window raised another equity round. This investor backed 4 of those companies again within that window. The difference is a reason to research the wider syndicate, rather than assume the same investor will fund the next round.

Explore the evidence ↗
04

Use a specific point of relevance

FinTech is the largest displayed sector by company count, appearing in 6 portfolio companies; sector tags overlap. 1 first entries carry a recorded lead flag and the median first-round syndicate includes 7 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

Explore the evidence ↗
01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$4.7M–$25M

The middle half of entry rounds

25th–75th percentile across 18 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
3companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 2 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
53%

Another equity round within 24 months

8 of 15 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
27%

This investor invested again within 24 months

4 of the same 15 companies. Build a financing plan around the wider investor market.

Explore co-investors ↗
02 / FIND YOUR FIT

Where does your company sit?

Choose your sector and stage to find
companies he first backed in that space.

YOUR COMPANY

A match means a recorded investment in this category. It does not establish current interest or availability.

18matching companies
$14Mmedian first round (18 disclosed)
3first backed in last 24 months

All sectors · All entry stages. Round amounts are total financing, in USD.

Seed

Leona ↗

Developer of a WhatsApp-integrated application for healthcare professional and patient communication

$14M total first round
Seed

Carecode ↗

Provider of generative AI-based platform for the healthcare industry

$4.3M total first round
Seed

Civic Marketplace ↗

A platform streamlining procurement for local governments by offering vetted vendors and ensuring compliance

$3.0M total first round
Explore matching portfolio companies ↓

The sector × stage map

First investments · companies can appear in more than one sector
Number of first investments by sector and entry stage. Select a cell to explore companies.
SectorSeedSeries ASeries BAll stages
FinTech6
Healthcare IT2
Alternative Lending2
Banking Tech2
Embedded Finance2
Investment Tech2
Payments2
03 / ROUND DESIGN

The round around the investor.

Use stage-specific financing ranges
to frame the size of your syndicate.

First-round size, by entry stage

USD · middle 50% and median
Seed8 disclosed
$4.5M$3.0M–$6.6M
Series A8 disclosed
$22M$16M–$36M
Series B1 disclosed
$19M$19M–$19M
$10K$100K$1M$10M

Logarithmic scale. A dot marks the median; the band spans the 25th–75th percentiles. These are entire rounds, not individual cheques.

04 / WHAT HAPPENS NEXT

One investment. Two different paths.

A subsequent round and repeat backing
answer different fundraising questions.

15
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
53.3%
8 of 15 companies

Backed again by this investor

A subset of the companies above
26.7%
4 of 15 companies
i

Includes first investments on or before 22 May 2024. 3 newer companies and 0 undated histories are excluded. Follow-up stops at the dataset’s latest round on 22 May 2026. These observations do not measure returns or predict a company’s outcome.

See the stage-by-stage denominators +
First stageEligible companiesNext round ≤24 moSame investor again ≤24 mo
Seed53 / 52 / 5
Series A84 / 81 / 8
Series B11 / 11 / 1
Series E+10 / 10 / 1
05 / INVESTMENT RHYTHM

New names. Returning relationships.

Separate first investments from later
rounds in companies already backed.

New companiesRepeat rounds

*2026 is partial, through 22 May. Bar height counts first investments + repeat rounds; earlier years are complete calendar periods in this dataset.

06 / THE CO-INVESTOR MAP

Who else belongs on your research list?

Frequent shared rounds suggest a place
to investigate sector and stage alignment.

01
FIRM

Kaszek

7 shared rounds · 4 companies

Latest shared round Oct 2021
02
FIRM

Endeavor

4 shared rounds · 4 companies

Latest shared round Dec 2024
03
FIRM

Monashees

4 shared rounds · 3 companies

Latest shared round Aug 2021
04
FIRM

a16z

4 shared rounds · 4 companies

Latest shared round Dec 2025
05
FIRM

FJ Labs

3 shared rounds · 3 companies

Latest shared round Mar 2022
06
FIRM

NFX

3 shared rounds · 2 companies

Latest shared round Mar 2022

Shared rounds establish recorded co-investment. They do not establish a personal connection, introduction route, or current willingness to invest.

07 / THE EVIDENCE

Explore the portfolio.

First investment comes first.
Amounts refer to that entry round.

18 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Leona ↗San Pedro Garza Garcia
Dec 2025Seed$14MNo later round recorded
Carecode ↗Sao Paulo
Dec 2024Seed$4.3MNo later round recorded
Dec 2024Seed$3.0MNo later round recorded
Clerkie ↗San Francisco
Apr 2023Series A$33MNo later round recorded
Civi App ↗Sao Paulo
Sep 2022Seed$1.7MNo later round recorded
Galena ↗Sao Paulo
Apr 2022Series A$17MNo later round recorded
Mar 2022Seed$12MNo later round recorded
Favo ↗San Isidro
Oct 2021Series A$27MNo later round recorded
axio ↗Bengaluru
Sep 2021Series E+$50MNo later round recorded
Coderhouse ↗Buenos Aires
Aug 2021Series A$14MNo later round recorded
Belvo ↗Sao Paulo
Jun 2021Series A$43MNo later round recorded
Justos ↗Pinheiros
May 2021Seed$2.8MYes · Oct 2021
Beep Saude ↗Rio De Janeiro
Apr 2021Series B$19MYes · Nov 2022
Ajaib ↗West Jakarta
Mar 2021Series A$65MNo later round recorded
Jun 2020Series A$10MYes · Jul 2021
Jun 2020Seed$4.6MYes · Jul 2021
Jeeves ↗New York City
Jun 2020Seed$5.0MNo later round recorded
Loft ↗Sao Paulo
Jul 2018Series A$18MNo later round recorded
0 more companies have undated investments

Kept in the 18-company portfolio; excluded from entry-timing calculations.

    RESEARCH THE FIT. THEN MAKE THE CASE.

    Your pitch starts with
    your company.

    Research your market ↗
    RADAR / COMPANY DISCOVERY

    Find the businesses
    worth a closer look.

    Search Sao Paulo, Brazil investor companies in Radar. Filter the company directory to explore the businesses behind your market and investor research.

    Explore companies in Radar ↗
    FLIAR / CUSTOM DASHBOARD SERVICE

    A research dashboard.
    Built for your company.

    We build customized research dashboards for companies. Tell us which competitors, markets and questions matter to your team, and discuss a dashboard designed around your needs.

    Discuss a custom dashboard ↗A customized service from Fliar. Contact us to discuss your requirements.
    FLIAR PRISM / RESEARCH TOOL

    Turn your questions
    into deeper research.

    Use Fliar Prism to research a company, market or topic, with reports and insights drawn from its research dataset.

    Explore Fliar Prism ↗Start with the company or question you want to understand.
    CONTINUE YOUR RESEARCH

    Continue with Radar

    Sign in to Radar to continue researching this investor.

    Sign in to Radar ↗