DGF
DGF is a Seed, Series A, Series B and Series C+ fund in Brazil and Latin America writing $1M–$3M checks into AI and Enterprise.
- Stages
- Seed, Series A, Series B, Series C+
- Sectors
- AI, Enterprise
- Check size
- $1M–$3M
- Invests in
- Brazil, Latin America
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1998
Thesis
DGF Investimentos is a venture capital firm founded in 1998 and headquartered in São Paulo, Brazil. They specialize in partnering with high-growth technology companies, particularly within the B2B software and SaaS sectors, with a geographic focus on Brazil and Latin America. They exclusively target high-growth B2B software companies, with a particular emphasis on SaaS startups, looking for companies with capital-efficient business models, high gross margins, recurring revenue, and founders who possess a global vision. They back B2B software architectures, from classic SaaS to AI-native workflows, that deliver structural high margins and undeniable value. DGF Investimentos also prioritizes founders who seek a true partner, not just financial backing, and demonstrates strong unit economics, technical teams, and global potential. This includes offering strategic support, guidance, and leveraging their network to help entrepreneurs navigate challenges and seize opportunities. DGF Investimentos typically leads rounds of US$1 million to US$3 million and often takes a board seat. The firm manages a concentrated portfolio, typically investing in 10 to 14 companies per fund. While specific AUM figures are not readily available, DGF Investimentos manages eight closed investment vehicles and is actively seeking new investments. The firm has a team of approximately 40 employees.
Common questions
Does DGF invest at the Seed stage?
Yes. DGF lists Seed, Series A, Series B and Series C+ among the stages it invests in.
What check size does DGF write?
DGF writes $1M–$3M checks.
Where does DGF invest?
DGF invests in Brazil and Latin America.