Confrapar invests in growth stage technology companies in the LatAm region. We look for companies with strong unit economics and scalable business models, that are seeking capital to expand their operations, consolidate sectors and enter new markets.
Flapper is a marketplace for private general aviation seat sales. The company has already established relevant partnerships with some of the main air taxi companies. In 2018 the company sold more than 3,200 seats. As every two-sided business model, Flapper aims to optimize the market and make the private general aviation an attractive option, while increasing the usage of air taxi companies fleet. Flapper was founded by executives from a fintech company – Qiwi – and by Paul Malicki, former CMO of Easy Taxi. Together, the co-founders saw a great opportunity in the niche for private travel to the upper middle class.
Unicoba is a group founded in 1973 that develops energy efficiency solutions in LED lighting, portable batteries and energy storage. Nowadays, the company is present in over 85% of the biggest companies in Brazil, being consolidated as the market leader. The group employs over 1.000 direct employees and has more than 50.000 clients in their portfolio. Their mission is to provide intelligent solutions using technology and talent in order to represent, innovate and overcome the status quo.
The company is the Brazilian market leader in processing and managing payroll lendings. Founded in the year 2000, today its system already benefits more than 3 million employees and more than 6 million lines of credit currently processed, from both public and private sectors. Its tech platform, eConsig, connects the payroll data provided by the companies to product and service providers, reducing the default rates. Even though, the system can be used to pay for almost any product or service, the most commons are credit and insurance. The company, through spin offs, also operates in Mexico (Enomina), UK, Italy, Spain, Portugal and India (SalaryFits).
XMobots is the leading company in Brazil specializing in the development and manufacture of UAVs (Unmanned Aerial Vehicles) and technologies that assist in delivering results. The company was the first in Brazil to obtain an ANAC-authorized drone to fly above 400 ft and a range of over 500 meters. They develop all the mechanics, hardware and software present in their drones. This feature, coupled with an agile and efficient support service, has led to the equipment being recognized for structural robustness, reliability at all stages of the flight and high accuracy of data.
The company operates as a mobile platform for the distribution of audiobooks, podcasts, and e-books, with over 22 thousand titles and 6.2 million registered users. Ubook is currently the largest LatAm-based “audiotainement” platform. Through its partnership with more than 150 publishers around the globe, the company is currently expanding internationally with operations in more than 13 countries. The company’s subscription model platform, with 100% of recurrent revenue, attracted investment from investors, such as Koolen & Partners and Cypress M3. Besides producing its content, Ubook is actively searching for new opportunities to acquirer publishing exclusivity worldwide.
Hands is the largest independent mobile advertising SAAS platform in Brazil. It captures information from over 25 million mobile devices, generating a deep app-behavior database with several applications in advertising, consumer research, competition analysis, urban mobility, credit rating etc.
Hand’s main solutions are based on:
(i) Data Collection: In-house developed MDM (mobile data management) platform;
(ii) User understanding: Crossing data from multiple sources;
(iii) Qualify & Clusterize: Analyzing app-behavior and geo-behavior to create user clusters.
ChefsClub is the largest restaurant discount platform in Brazil, currently with over 3,000 restaurants in 20 plus cities. The company has recently acquired the second largest local competitor, and its GMV reached BRL 150 million in 2018. ChefsClub helps restaurants to fill empty tables while offering clients up to 50% off restaurant bill. To the venues, it is an easy-to-use platform that brings new customers; increases loyalty; helps to identify their customer base and lets them know how happy these are with the service. At the users’ side, it is a pocket guide to lead them to great restaurant experiences with benefits such as lower prices.
Muxi is a fintech specialized in software platforms for the payment acquirers’ network. The company operates in Brazil, Latin America and EUA, with over 3 million devices running its software. Ranging from POS to mobile phones, tablets and PCs, its software can be remotely, quickly and securely updated, providing new functionalities, products and promotional campaigns.
Muxi’s main products are:
(i) POSWEB: Interacts with the device`s OS (POS, Smartphones);
(ii) MuxiPlace: Remotely manages apps and terminals;
(iii) MuxiPay: Gateway and POS application solution.
Intcom offer groundbreaking and smart sollutions to human resources and travels of the oil and gas industry, by increasing efficienty and lowering costs. The company provides shift change management; control of foreign staff and travel costs; payroll system integration and real-time employee performance monitoring, all inside of a easy platform. Besides, Intcom has the first HR app focused on oil and gas industry integrated to SAP.
Ingresse is the leading provider of technology solutions for events in Brazil. Investors from previous rounds include ABInbev, Qualcomm and DGF. Meli (Mercado Livres’s fund) also joined the company on the last round, which was led by Confrapar. With a two-sided business model, Ingresse provides a seamless experience for users, while collecting comprehensive behavioral data that will be turned into insights for event organizers, allowing them to sell more tickets and retain their audience for longer. With the investment, Ingresse is acquiring smaller players and consolidating a highly pulverized market in Brazil. Ingresse also offers a White Label solution for event organizers. This allows event organizers to outsource their tickets’ online sales, processing and delivery, lowering their costs significantly. Ingresse is currently negotiating White Label deals with key organizers in the Brazilian market.
Nutrebem has the most advanced financial solution for school-age children, offering digital wallets linked to a nutritional platform, so they can learn how to make better nutritional and financial decisions. Children receive their first-ever personalized card and start to learn how to manage their own money as they use their account for every transaction at their school’s cafeteria. Parents have access to an online platform where they can view the cafeteria’s menu and a timeline of their kids’ account usage. They choose when and how much money they would like to top up their kids’ account, and may even restrict some items from the menu. Parents also receive periodic nutrition reports in order to keep track of their kids’ evolution in terms of healthy nutritional habits. Nutrebem is operating in more than 200 schools and over 100.000 households.
Compass 3D is a technology and intelligence company that understands the challenge and needs of dentists. The firm operates throughout Brazil offering more than 15 exclusives dental solutions for the specialties of Orthodontics, Implantology, Face Surgery and Prosthetics. Their mission is to build better Dentistry through accurate diagnostics and service excellence.
The 3D printing industry is set to transform the way products are designed, manufactured and distributed in a variety of industries. By cutting labor costs and improving efficiency, 3D printing can use a wide variety of materials and techniques to create the final product. The market is growing at more than 20% YoY.
Cliever is the Brazilian leader in that industry with more than 1.500 printers already sold. It’s most recently sale delivered 400 printers to public schools in Brazil at once, and has the possibility of providing more in the future.
Oktagon operates in the electronic games market since 2008. The company started its operation as a game developer studio for mobile devices (smartphones and tablets), developing several proprietary IPs aimed to casual and mid-core gamers. Throughout the years, Oktagon began to exploit the B2B segment, meeting an international demand for third-party developers and for LiveOps/Game Analytics. The latter gradually became the Oktagon’s flagship service.
Headquartered in the UK, Oxis Energy is the world leader in the development of Lithium-Sulfur batteries. It has over 180 patents granted and 100 more already applied for. Oxis’ revolutionary technology is capable of generating battery cells with double the energy density of the best Lithium-Ion on the market today. Oxis’ batteries are also a lot safer and environmentally friendlier.
Oxis is building the first Lithium-Sulfur scale factory in the world, to be operational by the end of 2022. Oxis´cells will upheaval the electric mobility sector.
The company is a payment solutions provider, with proprietary gateway, acquiring and data analysis solutions, focused on recurrent payments on e-commerce platforms. With a 5,000-customer base, the company offers compatibility with all major acquirers and sub-acquirers on the market. The users of its gateway solution has access to a dashboard integrated with different extensions, varying from antifraud to ERPs and e-Wallets, which can be purchased through the platform. Currently, it generates revenue as a SaaS. However, with the rollout of its acquiring service, which is in early stages, the company will be able to generate revenue through the charge of the MDR, based on the volume of processed transactions (TPV).
Altave is a developer and manufacturer of solutions for communication or surveillance through fixed aerostats. They use the lighter than air technology to position cameras or sensors above 500ft. The aerostats work like communication or surveillance towers, except they don’t need any infrastructure. They can be raised whenever needed, with significantly broader range, since they stay in higher altitudes than towers. In fact, a single balloon can provide 360º vision in a 16 square mile area.
Altave has provided essential help to the firefighters in the unfortunate recent events in Brumadinho/MG, in Brazil. The aerostat was used to:
Prova Fácil offers assessment management solutions to K12 and Higher Education institutions. The company provides modular solutions in critical areas for educational management and logistics, dramatically reducing the costs of the entire exam life-cycle. The company’s AMS, Prova Fácil, is currently the most complete and flexible platform in Latin America. Prova Fácil has the two largest education groups in the world (Kroton and Estácio) as clients.
The company enables businesses to quickly deploy B2B and B2C loyalty programs to improve customer engagement and channel performance across key metrics. The product is offered in the SaaS model through the Salesforce platform, with 100% of its revenue coming from USA, EU & Australia. Additionally, Fielo has long term contracts with customers from Forbes 2000, e.g. Coca Cola, Syngenta, Schneider Electric, ABInbev, BNP Paribas.
The company has two lines of product:
(i) ISV: product that allows tailor made programs to be deployed by large enterprises;
(ii) OEM: product off the shelf, vertical-industry-specific programs deployed by lower enterprise and mid-market companies, with little to no customization.
Managing Partner
Thiago has a strong background in technology, having worked at Ericsson and Brasil Telecom. He later founded the tech company Web Advisor Software and was a partner at BI Asset Management. Thiago has a Bachelor’s Degree in Electrical Engineering from the University of Michigan, an MBA from George Washington University and an MBA in Finance from FGV. He is a Board Member at HelpSaúde, Ingresse, NutreBem, Hands and Muxi.
Managing Partner
Luísa has Bachelor’s Degree in Law from the FUMEC University, with extensive experience in Corporate Law and Private Equity/Venture Capital. She has worked in Coimbra & Chaves Advogados and is in Confrapar since 2013. Luisa has structure more than 20 PE/VC and M&A deals, mainly in tech companies. She is responsible for Fund Administration, mainly Horizonti, Nascenti and Aerotec funds and legal support for the fund management teams.
Managing Partner
Kadu’s career spans technology firms such as Microsoft, HP and Ericsson in Latin America, Asia and the United States. Co-founder of Confrapar, Kadu is a pioneer of the Brazilian PE Industry, and led the sale of QuickLessons to the German group Bertelsmann. He has a Bachelor’s Degree in Electrical Engineering from UFMG and an MBA from FGV. Kadu is a Board Member at BlueOpex, Fielo, Flapper, JobConvo, Unicoba and ChefsClub.
Managing Partner
Rodrigo has vast experience in business development, finance and technology. He has worked at Multicanal, Net Serviços and W-Aura. Rodrigo also led the sale of Takenet to Japanese group Faith. Co-founder in Confrapar, Rodrigo has a Bachelor’s Degree in Electrical Engineering from UFMG, and an MBA from Stern NYU. He is a Board Member at ProvaFacil, Oxis Energy, Oktagon, Altave, Compass3D and ePrimeCare.
Board Member
Jack has a strong background as a mentor, board member and investor in private companies. He graduated in Darmouth College and got his MBA in Stanford. Today he is the Entrepreneurship Professror at Stanford Engineering School. Jack worked at McKinsey, ForteBio, IPWireless and BD.
VP
Carlos comes with a decade of experience within financial markets, buy-side investments, strategic turnaround, M&A and consulting. He graduated in Industrial Engineering from Universidade de São Paulo and has an MBA from London Business School. Prior to Confrapar, he was part of IFC’s investment team, where he was involved with debt and equity instruments, interacting with clients’ senior management and collaborating on transactions in a wide range of industries.
Associate
Rodrigo has a Bachelor’s Degree in Aerospace Engineering from the Universidade Federal de Minas Gerais and has been at Confrapar since 2017. He participated in 9 rounds of investments by Confrapar funds and played an active role in raising over BRL 300 M in investments for portfolio companies.
Board Member
Costa has a bachelor’s degree in Engineering and Telecommunications from the Dom Cabral Foundation and in Universidade Federal de minas Gerais (UFMG). Was Take’s CEO and has acting in latin-american market for 18 year. Is also co-founder of the Board Member of Confrapar.
Analyst
Camila is a lawyer and has a Bachelor’s Degree in Law from Faculdade Milton Campos. She has been at Confrapar since 2017 and acts in the advisory legal and fiduciary administration of Investment Funds in Participations in the Brazilian Venture Capital and Private Equity market. Camila is responsible for Fund Administration, mainly at Avanti and Nascenti, and legal support for the fund management teams.
Analyst
Aline has experience in the Financial department, managing the cash flow, accounts payable and receivable, billing and administration of the resources of the company in general. Assistance in the Confrapar’s Administrative and HR departments with routine tasks in both offices, as well as in the selection and recruitment of new employees for the Company
Analyst
Victória is a lawyer and has a Bachelor’s Degree in Law from Faculdade Milton Campos. Currently, is coursing an LLM at Ibmec. She has been at Confrapar since 2017 and acts in the advisory legal and fiduciary administration of Investment Funds in Participations in the Brazilian Venture Capital and Private Equity market. Victória is responsible for Fund Administration, mainly at Horizonti, Nascenti and Aerotec funds and legal support for the fund management teams.
Analyst
Thomas is a Business Administration major in the Class of 2019, at FGV. He attended the Vienna University of Economics and Business for an exchange program with a focus on global strategic management. Thomas has experience in the consulting area and has been working at Confrapar since 2018.
