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Key people at Cloud9 Capital.
Cloud9 Capital operates as a venture capital firm dedicated to bolstering Brazilian technology companies. The firm primarily invests in enterprises demonstrating proven product-market fit and scalable business models, targeting their growth stage. It distinguishes itself by providing strategic guidance and operational support, opting for active partnership over passive investment, and favors businesses built with a strong emphasis on resilience and capital efficiency.
The firm was co-founded by Felipe Affonso and Noah Stern, both serving as partners. Their extensive backgrounds in finance include significant roles at SoftBank Latin America Fund, where Felipe was a Director and Noah a Vice President, participating in numerous transactions across various tech sectors. This experience, along with prior tenures at GIC and Goldman Sachs, underpins their approach to identifying and cultivating high-growth technology companies within the Brazilian market.
Cloud9 Capital seeks to empower "execution-first" Brazilian entrepreneurs, collaborating closely with founders to accelerate their growth trajectories. The firm aims to be the initial institutional capital that supports its partners' business maturation. Its long-term vision centers on fostering the development of the Brazilian entrepreneurial ecosystem through flexible and strategic investment.
Key people at Cloud9 Capital.
Cloud9 Capital is a Brazilian venture capital firm specializing in growth-stage technology companies with proven product-market fit and scalable business models. Their mission centers on partnering actively with Brazilian entrepreneurs, particularly those who are fighters, underdogs, and visionaries, to help scale their businesses rather than acting as passive investors. The firm primarily invests in sectors such as software (including web marketplaces and SaaS), PropTech, education, and business services, playing a significant role in fostering the growth of Brazil’s tech startup ecosystem by providing capital and strategic support to promising companies[1][2][3][4].
Founded by partners including Felipe Affonso, Noah Stern, and Rafael Serson, Cloud9 Capital emerged with a fresh approach to venture capital investing in Brazil. The firm’s ethos reflects a belief in the power of Brazilian entrepreneurs and a commitment to supporting solid, scalable business models. While the exact founding year is not specified in the available data, the team’s youthful and hungry mindset indicates a relatively recent establishment focused on evolving the VC landscape in Brazil. Their evolution has been toward becoming true partners to founders, emphasizing active involvement and support beyond capital infusion[4].
Cloud9 Capital rides the wave of Brazil’s expanding technology sector, where digital transformation and startup growth are accelerating. The timing is favorable due to increasing maturity in Brazilian tech startups, with more companies reaching scalable stages needing growth capital and strategic partners. Market forces such as rising internet penetration, digital adoption, and a growing entrepreneurial culture in Brazil work in their favor. By focusing on growth-stage companies, Cloud9 Capital helps bridge the gap between early-stage innovation and large-scale market expansion, influencing the broader ecosystem by enabling Brazilian tech firms to compete globally[1][3][4].
Looking ahead, Cloud9 Capital is poised to deepen its impact by continuing to back Brazilian tech companies on the cusp of scaling internationally. Trends such as increased digitalization, SaaS adoption, and PropTech innovation will likely shape their investment focus. Their active partnership model may evolve to include more operational support and ecosystem-building initiatives, enhancing their influence. As Brazil’s tech ecosystem grows, Cloud9 Capital’s role as a growth-stage partner positions them to be a key enabler of the country’s entrepreneurial success, reinforcing their commitment to the fighters and visionaries driving innovation[4].
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2023 | Onfly | $16.0M Series A | Left Lane Capital, Cloud Nine Capital | Cedro Capital |
