BR Capital

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jun 1, 2025	Klutch.ai	$8.0M Seed	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy
Feb 1, 2025	TaxGPT	$5.0M Seed	—	Andreessen Horowitz, Avalanche VC, Benhamou Global Ventures, Bling Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, LAUNCH, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, SenseAI Ventures, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Krishna Mehra, Kyle Vogt, Trent McConaghy
Feb 1, 2025	Saronic	$600.0M Series C	—	8VC, Afore Capital, Andreessen Horowitz, Anorak Ventures, Avalanche VC, Battery Ventures, Bling Capital, Caffeinated Capital, Cherry Ventures, Construct Capital, Countdown Capital, Cubit Capital, CVS Health, Kelly Chen, Dunce Capital, Equal Ventures, Floodgate, Founders Fund, General Catalyst, High Alpha, Hyde Park Venture Partners, IVP, Lazerow Ventures, Lightspeed Venture Partners, Lux Capital, Maven 11 Capital, Not Boring Capital, Picus Capital, Pillar VC, Ravelin Capital, Runa Capital, Saga, Spark Capital, Stash Ventures, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Esther Dyson, Harry Hurst, Justin Mateen, Koen Koeppen, Kyle Vogt, Nick Sinai, Rob Meyerson, Trent McConaghy, Yoshua Bengio
Oct 1, 2024	Yuma AI	$5.0M Seed	—	2xN, Andreessen Horowitz, Avalanche VC, Bling Capital, Calm/Storm Ventures, Define Ventures, Dunce Capital, Equal Ventures, Founder Collective, Goat Capital, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Presence Capital, Ravelin Capital, Runa Capital, session vc, Tuesday Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Andy Coravos, Bradley Horowitz, Immad Akhund, Kyle Vogt, Nicholas Moryl, Samvit Ramadurgam, Trent McConaghy
Sep 1, 2024	Raycast	$30.0M Series B	—	Andreessen Horowitz, Atomico, Avalanche VC, Balderton Capital, Bling Capital, Concrete Rose Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Insight Partners, Lazerow Ventures, Maven 11 Capital, Next Play Ventures, Not Boring Capital, Notion Capital, Partech Ventures, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Frederic Kerrest, Kyle Vogt, Nick Caldwell, Trent McConaghy, Guillermo Rauch
Sep 1, 2024	TaxGPT	$500K Seed	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy
Jul 1, 2024	Konvu	$5.0M Seed	—	01 Advisors, Andreessen Horowitz, Avalanche VC, Bling Capital, Bond, Conviction Partners, Dunce Capital, Equal Ventures, Greylock, High Alpha, Hyde Park Venture Partners, IVP, Lazerow Ventures, LGF, Maven 11 Capital, Not Boring Capital, Plaid, Ravelin Capital, Runa Capital, Spark Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Cristina Cordova, DJ Patil, Dylan Field, Greg Brockman, Kyle Vogt, Ron Pragides, Scott Belsky, Trent McConaghy
Jul 1, 2024	Saronic	$180.0M Series B	—	8VC, Afore Capital, Andreessen Horowitz, Avalanche VC, Bling Capital, Caffeinated Capital, Cherry Ventures, Comcast Ventures, Construct Capital, Countdown Capital, Cubit Capital, CVS Health, Kelly Chen, Dunce Capital, Equal Ventures, Floodgate, Founders Fund, General Catalyst, High Alpha, Hyde Park Venture Partners, IVP, Lazerow Ventures, Lightspeed Venture Partners, Lux Capital, Maven 11 Capital, Not Boring Capital, Picus Capital, Pillar VC, Ravelin Capital, Runa Capital, Saga, Spark Capital, Stash Ventures, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bill Ackman, Bradley Horowitz, Esther Dyson, Harry Hurst, Justin Mateen, Koen Koeppen, Kyle Vogt, Rob Meyerson, Trent McConaghy, Yoshua Bengio
May 1, 2024	Odyssey	$10.0M Series A	—	Andreessen Horowitz, Anorak Ventures, Avalanche VC, Bling Capital, Data Point Capital, Dunce Capital, Equal Ventures, Ground Up Ventures, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Ludlow Ventures, Maven 11 Capital, Not Boring Capital, Octopus Ventures, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Volt Capital, XFactor Ventures, Y Combinator, Austin Ogilvie, Balaji Srinivasan, Bradley Horowitz, Kyle Vogt, Trent McConaghy
Aug 1, 2023	Anytype	$13.0M Series A	—	Andreessen Horowitz, Angel Invest, Archetype, Avalanche VC, Balderton Capital, Bling Capital, Comal Ventures, DST Global, Dunce Capital, Earl Grey Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Index Ventures, Kindred Capital VC, Lazerow Ventures, Lowercarbon Capital, Maven 11 Capital, Not Boring Capital, Polygon, Preston-Werner Ventures, Ravelin Capital, Runa Capital, TCV, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Adam Wiggins, Balaji Srinivasan, Bradley Horowitz, Charlie Songhurst, Jeremy Yap, Jutta Steiner, Kyle Vogt, Liu Jiang, Michael Stoppelman, Nico Rosberg, Ott Kaukver, Trent McConaghy
Jul 1, 2023	Leap	$12.0M Venture Round	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy
Jun 1, 2023	Offered.ai	$750K Seed	—	Andreessen Horowitz, Avalanche VC, Blackbird Ventures Australia, Bling Capital, Dunce Capital, Equal Ventures, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund), High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy
May 1, 2023	Leap	$15.0M Venture Round	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Calibrate Ventures, Costanoa Ventures, Dunce Capital, Equal Ventures, Foundry Group, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, March Capital, Maven 11 Capital, Not Boring Capital, Ravelin Capital, RRE Ventures, Runa Capital, Toyota Ventures, Tusk Venture Partners, Ubiquity Ventures, Union Square Ventures, Village Global, Y Combinator, Aaron Rankin (Sprout Social), Bradley Horowitz, Kyle Vogt, Trent McConaghy
May 1, 2023	Onyx Private	$4.0M Seed	—	186 Ventures, 2048 Ventures, Andreessen Horowitz, Avalanche VC, Axilor Ventures, Bling Capital, Construct Capital, Dunce Capital, Equal Ventures, Founder Collective, Global Founders Capital, High Alpha, Hyde Park Venture Partners, Iterative, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, One Way Ventures, Predictive VC, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Nico Barawid, Trent McConaghy
Feb 1, 2023	Zarta	$6.0M Seed	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy
Dec 1, 2022	Pylon	$9.0M Seed	—	AAF Management Ltd., Addition, Alumni Ventures, Andreessen Horowitz, Audrey Capital, Autopilot Fund, Avalanche VC, Bain Capital Ventures, Balderton Capital, Better Tomorrow Ventures, Blackbird Ventures Australia, Bling Capital, Builders, Conversion Capital, Daffy, Decibel Partners, Deciens Capital, DNX Ventures, Dunce Capital, Elevate Ventures, Endure Capital, Equal Ventures, Fifth Wall, Flex Capital, Founders Fund, General Catalyst, High Alpha, Humba Ventures, Hustle Fund, Hyde Park Venture Partners, Industry Ventures, Infinity Ventures, Lazerow Ventures, Maven 11 Capital, Mischief Venture Capital, Not Boring Capital, Nyca Partners, QED Investors, Ravelin Capital, Redbud VC, Runa Capital, Sherpalo Ventures, The General Partnership, The Hit Forge, Tusk Venture Partners, Union Square Ventures, Venture Catalysts \| India's First Integrated Incubator, Village Global, Y Combinator, Anthony Pompliano, Balaji Srinivasan, Ben Davenport, Bob Young, Bradley Horowitz, Charlie Feng, Emil Michael, Gaurav Munjal, Girish Mathrubootham, Gokul Rajaram, Immad Akhund, Jason Lemkin, Jeff Hammerbacher, Keri Gohman, Kunal Shah, Kyle Vogt, Louis Beryl, Matias Woloski, Othman Laraki, Pedro Arnt, Rodrigo Teijeiro, Spencer Kimball, Trent McConaghy, Vaibhav Kapoor, Youcef Es-skouri, Zak Kukoff
Oct 1, 2022	Celestia	$55.0M Series A	—	Accomplice VC, Ambush Capital, Andreessen Horowitz, Asylum Ventures, Avalanche VC, Bain Capital Crypto, Bling Capital, Dunce Capital, Equal Ventures, Fifty Years, Haun Ventures, High Alpha, Hyde Park Venture Partners, Inflection, Jefferies, KR1, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Placeholder, Ravelin Capital, Runa Capital, Susa Ventures, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Aaron Harris, Balaji Srinivasan, Bradley Horowitz, Charlie Songhurst, Justin Kitch, Jutta Steiner, Kyle Vogt, Mike Volpe, Trent McConaghy
May 1, 2022	Onyx Private	$500K Seed	—	186 Ventures, 2048 Ventures, Andreessen Horowitz, Avalanche VC, Axilor Ventures, Bling Capital, Construct Capital, Dunce Capital, Equal Ventures, Founder Collective, Global Founders Capital, High Alpha, Hyde Park Venture Partners, Iterative, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, One Way Ventures, Predictive VC, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Nico Barawid, Trent McConaghy
Dec 1, 2021	Leap	$50.0M Series B	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Calibrate Ventures, Costanoa Ventures, Dunce Capital, Equal Ventures, Foundry Group, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, March Capital, Maven 11 Capital, Not Boring Capital, Ravelin Capital, RRE Ventures, Runa Capital, Toyota Ventures, Tusk Venture Partners, Ubiquity Ventures, Union Square Ventures, Village Global, Y Combinator, Aaron Rankin (Sprout Social), Bradley Horowitz, Kyle Vogt, Trent McConaghy
Nov 1, 2021	Odyssey	$5.0M Seed	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Guillermo Rauch, Kyle Vogt, Trent McConaghy, 8VC, Anorak Ventures, Austin Ogilvie, Balaji Srinivasan, BITKRAFT Ventures, Buckley Ventures, CRV, Data Point Capital, DeNA, Dilpesh Parmar, Dragonfly Capital Partners, Ground Up Ventures, Ivan Markman, J2 Ventures, Jack Smith, Jenny Fielding, Jen Rubio Butterfield, Jett McCandless, Kohala Ventures, Larry Braitman, Lawrence Braitman, Ludlow Ventures, Lux Capital, Octopus Ventures, Paul Heydon, Polygon, Scott Hartley, Sozo Ventures, Surojit Chatterjee, Sweet Capital, Volt Capital, Will Szczerbiak, XFactor Ventures, XYZ Venture Capital
Oct 1, 2021	Leap	$34.0M Series B	—	Andreessen Horowitz, Avalanche VC, Blackhorn Ventures, Bling Capital, Contrarian Ventures, Dunce Capital, Equal Ventures, foobar.vc, Founderful, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy
Aug 1, 2021	Leap	$11.0M Series A	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Calibrate Ventures, Costanoa Ventures, Dunce Capital, Equal Ventures, Foundry Group, High Alpha, Hyde Park Venture Partners, Lazerow Ventures, Lightbank, March Capital, Maven 11 Capital, Not Boring Capital, Ravelin Capital, RRE Ventures, Runa Capital, Toyota Ventures, Tusk Venture Partners, Ubiquity Ventures, Union Square Ventures, Village Global, Y Combinator, Aaron Rankin (Sprout Social), Bradley Horowitz, Kyle Vogt, Peter Barris, Trent McConaghy
Apr 1, 2021	Anima	$3.0M Seed	—	Hummingbird Ventures, Andreessen Horowitz, Avalanche VC, Bling Capital, Bradley Horowitz, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, Kyle Vogt, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, Trent McConaghy, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator
Mar 1, 2021	Celestia	$2.0M Seed	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Dunce Capital, Equal Ventures, High Alpha, Hyde Park Venture Partners, KR1, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy
Feb 1, 2017	MapAnything	$33.0M Series B	—	Andreessen Horowitz, Avalanche VC, Bling Capital, Dunce Capital, Equal Ventures, Greycroft, High Alpha, Hyde Park Venture Partners, iNovia Capital, Lazerow Ventures, Maven 11 Capital, Not Boring Capital, Ravelin Capital, Revolution, Runa Capital, Tusk Venture Partners, Union Square Ventures, Village Global, Y Combinator, Bradley Horowitz, Kyle Vogt, Trent McConaghy

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at BR Capital.

Leadership Team

Key people at BR Capital.

Deep Dive

High-Level Overview

BR Capital is a Brazilian investment management firm founded in 2018 that specializes in asset management and advisory services with a strong focus on structured credit, private equity, and blockchain-related investments including crypto and Web3 businesses[1][2]. The firm positions itself as an "investor-builder," actively supporting innovative decentralized finance (DeFi) protocols and blockchain projects such as 1inch Network, ConsenSys, Lido, and others, aiming to drive growth in the emerging blockchain ecosystem[2]. Their investment philosophy combines rigorous asset management with a forward-looking approach to disruptive technologies, generating significant returns (e.g., 74% annualized trading returns and 9x VC returns since 2020)[2]. BR Capital’s impact on the startup ecosystem is notable in the blockchain and crypto sectors, where it supports early-stage projects and DAOs that foster decentralized governance and financial innovation.

Origin Story

BR Capital was founded in 2018 in Brazil by a team of investor-builders with expertise in both traditional asset management and emerging blockchain technologies[2]. The firm evolved from a traditional asset management background into a specialized investor in crypto and Web3, reflecting a strategic pivot to capitalize on the rapid growth of decentralized finance and blockchain infrastructure. This evolution allowed BR Capital to leverage its structured credit and private equity experience while embracing innovative digital assets and protocols, positioning itself at the forefront of the blockchain investment landscape.

Core Differentiators

Unique Investment Model: Combines traditional asset management rigor with active, builder-style involvement in blockchain projects[2].
Network Strength: Strong connections with leading blockchain protocols and DAOs such as 1inch Network, ConsenSys, Lido, and MetaCartel Ventures, enabling access to cutting-edge innovation[2].
Track Record: Demonstrated high returns with 74% annualized trading returns and 9x VC returns since 2020, indicating strong performance in volatile markets[2].
Operating Support: Provides advisory and operational support to portfolio companies, helping them scale within the decentralized finance ecosystem[1][2].

Role in the Broader Tech Landscape

BR Capital rides the wave of blockchain and decentralized finance innovation, a sector experiencing rapid growth due to increasing institutional adoption and technological maturation[2]. The timing is critical as DeFi and Web3 technologies are reshaping financial services, governance, and digital asset management. Market forces such as demand for decentralized governance, liquidity solutions, and interoperability protocols favor BR Capital’s investment focus. By backing foundational projects and DAOs, BR Capital influences the broader ecosystem by accelerating the development and adoption of decentralized applications and infrastructure.

Quick Take & Future Outlook

Looking ahead, BR Capital is likely to deepen its involvement in blockchain innovation, potentially expanding its funds and portfolio to capture emerging trends such as layer-2 scaling, cross-chain interoperability, and institutional crypto adoption. The firm’s dual expertise in traditional finance and blockchain positions it well to navigate regulatory changes and market volatility. As decentralized finance and Web3 continue to evolve, BR Capital’s influence may grow as a key enabler of next-generation financial infrastructure, bridging conventional asset management with cutting-edge digital assets.

This trajectory underscores BR Capital’s role as a pioneering investor-builder, shaping the future of finance through strategic investments and active ecosystem participation[2].

Sources