Brazil's largest crowdfunding platform CapTable has a new parent company

Edtech Startse, which already had 40% of the platform, acquired shares from the founders and increased its stake. The operation was backed by the BRL 75 million round of Pátria.

StartSe, a Brazilian business school, raises BRL 75 million from Pátria Investimentos
Photo: StartSe/Courtesy
Ler em português

Edtech Startse is now the parent company of Brazil‘s largest crowdfunding platform CapTable, an operation intended since the startup‘s last round of BRL 75 million received from Patria Investiments in November.

Startse, which already had 40% of the platform, acquired shares from founders Paulo Deitos Filho and Guilherme Enck and increased its stake. Contacted by LABS, Startse did not reveal what percentage of the platform it currently has.

CapTable is the leading crowdfunding platform among the ten regulated by the country’s Securities and Exchange Commission (CVM). In 2021, these platforms raised BRL 124 million (nearly $24 million) in 75 rounds – a growth of 224% over 2020.

READ ALSO: Brazilian startup InHouse Market raises BRL 1.9 million via crowdfunding

CapTable was responsible for 29 of those rounds, raising a total of BRL 49.5 million ($9.5 million) last year. In August, the platform announced a goal of intermediating BRL 70 million ($13.4 million) in investments last year, a mark that it did not reach.

CapTable has bold goals for 2022: it wants to raise BRL 250 million ($48 million) in 70 rounds, with a focus on Seed and Series A stage startups.

Since July 2019, its inception, CapTable has raised more than BRL 65 million ($12.5 million) for 45 startups.

READ ALSO: Wanting to shake things up and create a secondary market for venture capital in emerging markets, Velvet snags $200 million

In January, in an interview with LABS, Enck said he believes there will be greater integration between angel investor groups, accelerators, funds, and platforms in 2022.

CapTable has also started to work with corporate venture capital, in a kind of Venture Capital as a Service, seeking startups for large companies interested in investing in this universe. This arm of the platform has Grupo Elfa and Pátria Investimentos as partners.

Get the best insights about Latin America market in your inbox