TLDR:
- Brazilian accelerator Darwin Startups announces a $20M fund for pre-seed and seed startups
- Darwin’s investment thesis is agnostic, expanding beyond fintech to sectors like health, agriculture, education, and logistics
Brazilian accelerator Darwin Startups has announced a $20 million fund to invest in pre-seed and seed startups. The fund will have a first closing of $13.5 million in 2024, with the first investment expected this year. Darwin’s investment thesis is agnostic, expanding beyond fintech to sectors like health, agriculture, education, and logistics, with investment checks ranging from $200,000 to $1.5 million. The accelerator, founded in Santa Catarina in 2015, partners with corporate initiatives like Google For Startups and Fundo Vale to support early-stage startups with investment and mentorship. Darwin has $6 million in assets under management and a portfolio that includes over 100 investments in companies such as CondoConta and Payface.