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Our Ventures — and our Track Record.
Cohort 1 is live (WIR + NEXA Legal). Below: every venture this team has built, co-founded, or invested in — from Innova-era tickets in 2014 (iFood, Sigga, Accera) to today's active US Building track (Mahway, Astonishing Labs, Alpha Lit) and the Avante studio cohort.
Year 1of Building
2Ventures · Cohort 1
Since 2010Building & Investing
$500MM+Deployed lifetime
Sigga Technologies
Software industrial para el mid-market brasileño. Amanda Pinheiro en el Consejo durante todo el ciclo de escala y exit. La tesis, la paciencia operativa y el pool de exit no-obvio que aprendimos con Sigga son la base del playbook Avante.
Read the case study↗WIR
Async insurance pricing + risk scoring API. Top-tier global insurer pilot in motion (under NDA); reference architecture for InsurTech sales across LATAM.
NEXA Legal
AI-native judicial asset platform for the Brazilian precatorios + claims market. Copilot-to-fund flywheel; built from scratch inside Cohort 1.
Bamboo DCM
AI-native technology platform and financial company based in Brazil that specializes in originating, structuring, and distributing private credit. Co-founded by Felipe Moraes.
Backed by: Scale Up by Endeavor
US Building Track Record
03Softmax
by MahwayAI foundational model that understands and aligns with human behaviour, preferences, biology, and ethics. Built by Jess Mah + Andrea Barrica inside Mahway; flagship of the US Building track.
Backed by: Andreessen Horowitz
Astonishing Labs
Turns breakthrough science into high-upside biotech ventures via a holding company model. US-side venture in the Mahway operating family.
Backed by: X Prize
Alpha Lit
Fintech platform that originates, bundles, and sells equity in litigation finance portfolios — opening access to a $16B+ asset class.
Backed by: Bright Ventures · FJ Labs · Slow Ventures
Tech HoldingEst. 2014
Exit 2021Movile / iFood
Brazil's largest food-delivery unicorn. Tech holding comprising iFood, Wavy, and Playkids. Innova first invested in Movile in 2014; participated in several rounds and secondary investments. Exit 2021 at 80% market share, 55M users/month.
Maintenance SaaSEst. 2013
MOI 11×Sigga Technologies
#1 enterprise asset management (EAM) field service solution in Brazil and one of the largest EAM companies globally. Mobile-native, SAP-integrated; sold into mining, paper, energy.
Retail TechEst. 2014
MOI 5×Accera
Platform for retailers and manufacturers, providing end-to-end advanced analytics and execution management.
inDinero
Profitable company with 200+ clients in the USA, connecting finance teams with offshoring accounting solutions. Founded by Jess Mah pre-Avante; reference operator track record for the studio.
Backed by: Y Combinator · SaaS Capital · MRTNZ · Acequia Capital
We launch 3–4 new ventures per year inside the studio. The active cohort listed here is intentionally narrow — a discipline, not a scarcity. New cohort additions are introduced after a venture has cleared Stage 3 (Build) of the playbook.
New Ventures
Next wave of AI-native category leaders.
Ventures currently in Stage 1–3 of the playbook (Research / Partner / Build). Names and details may shift before public launch.
CQ3 2026
CRIA Studio
AI Creative Studio for SMB
- ◆On-demand branded content generation
- ◆Multi-channel asset optimization
- ◆Built-in compliance & brand guidelines
PQ4 2026
Pulse.ai
WhatsApp Sales for CPG
- ◆Conversational commerce at scale
- ◆Automated order fulfillment
- ◆Real-time inventory sync
RQ2 2026
RADAR.ai
Market Intelligence for Investors
- ◆Real-time sector trend analysis
- ◆Automated deal sourcing pipeline
- ◆Competitive landscape mapping
RQ4 2026
ROTA.ai
AI Procurement Hub
- ◆Intelligent vendor matching
- ◆Automated RFP generation
- ◆Contract negotiation assistance
Pipeline ventures are pre-launch — names, taglines, and scope are subject to change as theses sharpen. Track Record above reflects realized outcomes from the founding team's prior work, not Pipeline performance.