A local conviction.
A long horizon.
AI-native Brazil. Built with operating experience. Explore the thesis, the team and the structure behind Avante.
The investment thesis ↓Studio-model IRR (GSSN)
Traditional VC benchmark IRR
Sigga exit · Prior Innova experience
Historically under management · Amanda, Innova & Unbox
The $500M+ reflects capital historically under management during Amanda Pinheiro’s CFO roles at Innova Capital and Unbox Capital. Sigga’s 10× exit belongs to the team’s prior investment experience at Innova. AlphaJuri and WIR are among the companies Avante builds today.
The conditions behind our thesis.
Brazil’s services economy is the starting point.
Services account for roughly 70% of Brazilian GDP, per IBGE. Our thesis focuses on complex workflows where software adoption remains limited.
AI infrastructure is now cheap enough to deploy without a Series A.
Shared product, engineering and operating capabilities let each founding team focus on its customers and product.
The studio-model benchmark is roughly 2.5× traditional VC IRR.
GSSN reports studio IRR of ~50% versus ~19% for traditional VC. These are industry-model benchmarks, not Avante’s realized returns or a return target.
How the venture builder is structured.
Specific commercial terms are shared in a private LP conversation. The architecture below is the starting point.
- 01The venture builder provides first capital across 3-4 ventures per year.
- 02LPs gain exposure across the full cohort.
- 03Operating partners participate in venture builder economics. LPs participate through their capital commitments.
- 04Quarterly reporting includes cohort-level net asset value and milestone notes for each venture.
- 05Specific terms, including target fund size, GP commitment, fees and distribution waterfall, are shared in a private LP conversation.
Clear boundaries from the first conversation.
- × We will not share LP names or other LP identities. Each LP relationship is confidential by default.
- × We will not provide financial advice, allocation guidance, or tax structuring. LPs engage their own counsel.
- × We will not run a parallel co-investment vehicle without explicit governance for it.
- × We will not launch ventures whose primary buyer is the LP base. Customer markets are independent of capital markets.
Welcome to the Avante ecosystem.
Operating knowledge and practical connections for our investors.
Let’s discuss the venture builder.
Email Cristian to arrange a 45-minute investor conversation. We will cover the thesis, the team’s prior experience, the venture builder structure and your questions.
Request an investor conversation