Indicator Capital

São Paulo, BrazilWebsite ↗

Founded in 2014, Indicator Capital is a venture capital firm focused on deep tech, specializing in smart and connected technologies across infrastructure, hardware, and software. The firm aims to enable the global adoption of AI, IoT, and digital transformation at scale, bridging Latin American innovation with global markets.

AI / ML Healthtech Climate Crypto / Web3 Deep TechPre SeedSeedSeries A

Last raised

May 2021

5y 5mo ago

Latest fund size

$45.6M

Indicator 2 IoT FIP

AUM

$70M

estimated

Funds raised

Capital this firm has raised, newest first

Indicator Fund 1

Unknown

—

Indicator 2 IoT FIP

May 2021

$45.6M

Recent investments

Companies this firm has funded, newest first

Company	Round	Amount	Date	Source
Aimirim	Growth	—	May 2026	source ↗
Doji	Series A	$600K	Nov 2025	source ↗
Lumx	—	$3.4M	Oct 2025	source ↗
Axenya	—	$13M	Aug 2025	source ↗
Fu2re	—	$2.5M	Jul 2025	source ↗
Multiledgers	—	$1.2M	Aug 2024	source ↗
Monuv	Growth	$2.2M	Jul 2024	source ↗
anityaLead	—	$2M	Jun 2024	source ↗

Sources

Where this data came from