Lupa Capital

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 1, 2025	Neofin	$6.0M Seed	—	Far Out Ventures, MAYA Capital, Norte Ventures, Yellow Ventures, Marcelo Sampaio
Dec 1, 2024	Pilar	$7.0M Series A	—	Canary Ventures, FJ Labs
Feb 1, 2024	Embat	$16.0M Series A	—	Andreessen Horowitz, Atomico, Breega, Cedar Capital Group, Creandum, CRV, General Catalyst, KFund, Oak HC/FT, Picus Capital, Point Nine Capital, Samaipata, Clement Benoit, Hugo Arevalo, Humberto Ayres Pereira, Job Van Der Voort, Mats Diedrichsen, Maximilian Tayenthal, Thibaud Elziere
Oct 1, 2023	Kota	$5.0M Seed	—	Alumni Ventures, Breega, Creandum, EQT Ventures, Frontline Ventures, Investinor, La Famiglia, Northzone, Oak HC/FT, Shine Capital, TrueSight Ventures, Chris Murphy, Ed Brandler, Gloria Baeuerlein, Hugo Arevalo, Humberto Ayres Pereira, Job Van Der Voort, Julius Köhler, Mark Cummins, Mats Diedrichsen, Portman Wills, Shane Curran, Thijn Lamers
Sep 1, 2023	TissueLabs	$800K Seed	—	Breega, Oak HC/FT, Hugo Arevalo, Humberto Ayres Pereira, Job Van Der Voort, Mats Diedrichsen
Jul 1, 2023	Terminal Industries	$17.0M Seed	—	8VC, Cisco Investments, Core Innnovation Capital, Dragoneer Investment Group, FinTLV Ventures, monashees, MS&AD Ventures, Norte Ventures, Rainfall Ventures, Symbol VC
Jun 1, 2023	MyCareforce	$2.0M Seed	—	Breega, Oak HC/FT, Hugo Arevalo, Job Van Der Voort, Mats Diedrichsen
Mar 1, 2023	Dex	$900K Seed	—	Astella
Jan 1, 2023	Coverflex	$17.0M Series A	—	Band of Angels, Breega, Foundamental, Haun Ventures, Hoxton Ventures, Lux Capital, Oak HC/FT, Octopus Ventures, Picus Capital, Redalpine Venture Partners, Seaya Ventures, Summit Partners, Valor Capital Group, Andreas Mihalovits, Ariel Lambrecht, Hugo Arevalo, Humberto Ayres Pereira, Inigo Juantegui, Job Van Der Voort, Jose Ojeda, Mats Diedrichsen, Mike Vernal, Robin Sabban
Dec 1, 2022	Genial Care	$10.0M Series A	—	8VC, Dragoneer Investment Group, monashees, Norte Ventures, Rainfall Ventures
Oct 1, 2022	Meru	$3.0M Seed	—	Picus Capital, Valor Capital Group, Ariel Lambrecht
Oct 1, 2022	OatFi	$8.0M Seed	—	Cambrian Ventures, Citi Ventures, Moonshots Capital, Mucker Capital, Picus Capital, QED Investors, Touchdown Ventures, TTV Capital, Valor Capital Group, Ariel Lambrecht, Daren Cotter
Sep 1, 2022	Amicci	$8.0M Series A	—	Astella, Dalus Capital, FJ Labs, Igah Ventures, Valor Capital Group
Aug 1, 2022	Caju	$25.0M Series B	—	83North, Balderton Capital, Better Tomorrow Ventures, DCM, FJ Labs, Flybridge Capital Partners, Iluminar Ventures, Kaszek Ventures, Marathon Venture Capital, NFX, Pareto Holdings, Picus Capital, Valor Capital Group, Alfonso De los Rios, Edvard Engesæth, Gokul Rajaram, Joao Otavio Oliverio, Liam Casey, Lluís Cañadell, Pablo Viguera
Jul 1, 2022	NG.CASH	$10.0M Seed	—	20VC, 468 Capital, 9Yards Capital, Kevin Hartz, Addition, Afore Capital, Andreessen Horowitz, Balderton Capital, Buckley Ventures, Canaan Partners, Canary Ventures, Cedar Capital Group, DST Global, Force Over Mass Capital, General Catalyst, HV Capital, Index Ventures, Kaszek Ventures, Khosla Ventures, Latitud, monashees, Andrew Schoen, NXTP Ventures, Picus Capital, SciFi VC, Section 32, Biz Stone, Chris Murphy, Daniel Krauss, Dominik Richter, Eduardo Gouveia, Emmanuel Thomassin, Israel Salmen, Juan Pablo Ortega, Karim Atiyeh, Kaushik Subramanian, Lea- Sophie Cramer, Mario Gabriele, Martin Varsavsky, Philippe Teixeira da Mota, Pierpaolo Barbieri, Ricardo Weder, Simon Borrero, William Hockey
May 1, 2022	Marvin.	$15.0M Series A	—	99 Startups, ALLVP, Alpha4 ventures, Canaan Partners, Canary Ventures, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence, Soma Capital, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio
Apr 1, 2022	Slope	$24.0M Series A	—	8VC, Alt Capital, Dragoneer Investment Group, foobar.vc, Global Founders Capital, Gradient Ventures, GSV Acceleration, Index Ventures, Lightspeed Venture Partners, Lux Capital, Maven Ventures, monashees, Norte Ventures, QED Investors, Rainfall Ventures, Saga, Sarona Ventures, Union Square Ventures, Y Combinator, Arash Ferdowsi, Drew Houston, Eric Wu, Mathilde Collin, Sam Altman, Stanley Tang, Tim Griffin, William Hockey
Mar 1, 2022	Bazaar Technologies	$70.0M Series B	—	8VC, Dragoneer Investment Group, Indus Valley Capital, monashees, Norte Ventures, Rainfall Ventures
Feb 1, 2022	180 Seguros	$31.0M Series A	—	8VC, Credo Ventures, Dragoneer Investment Group, Foundamental, Index Ventures, Kleiner Perkins, Latitud, monashees, Sequoia Capital, Tiger Global Management, Vine Ventures LP, Carlos Julio Garcia, Eoghan McCabe, Gokul Rajaram, Guillermo Gomez, Larry Gadea, Philippe Teixeira da Mota
Jan 1, 2022	OatFi	$3.0M Seed	—	Cambrian Ventures, Picus Capital, Valor Capital Group, Ariel Lambrecht
Oct 1, 2021	Juni	$52.0M Series A	—	10T Holdings, Blossom Capital, Dalus Capital, Draper Associates, EQT Ventures, Felix Capital, FirstMark Capital, FJ Labs, Tomahawk.VC, Übermorgen Ventures, Valor Capital Group, White Loop Capital, XAnge, Chuck Eesley, Nicolas Pinto, Pascal Gauthier
Oct 1, 2021	Aprende Institute	$22.0M Series A	—	Angel Ventures, Collaborative Seed & Growth Partners, Dalus Capital, FJ Labs, Presight Capital, Race Capital, Reach Capital, Relay Ventures, Rethink Education, Valor Capital Group, Charlie Cheever, Christopher Gabrieli, Dimiter Tschawow, Mato Peric, Ricardo Weder, Tushar Ahluwalia
Oct 1, 2021	Gabriel	$12.0M Series A	—	Accel, Aqua Spark, Atman Capital, Broadhaven Capital Partners, Canaan Partners, Canary Ventures, Connolley, Future Shape, Global Founders Capital, Graph Ventures, Norte Ventures, Quona Capital, Valor Capital Group, Alan MacIntosh, Ariel Lambrecht, Bradley Horowitz, Eduardo Gouveia, Guilherme Bonifacio, Israel Salmen, Juan Pablo Ortega, Justin Mateen
Sep 1, 2021	Revelo	$28.0M Series B	—	Dalus Capital, Firework Ventures, FJ Labs, Valar Ventures, Valor Capital Group, Felix Ruiz Hernandez, Hugo Arevalo, Paco Ávila Romero
Aug 1, 2021	Alma	$50.0M Series C	—	8VC, CRV, Curious Capital, Dragoneer Investment Group, Jenny Fielding, Scott Hartley, Future Shape, Gutter Capital, Highbury Group, Insight Partners, Lightspeed Venture Partners, monashees, Motier Ventures, NextView Ventures, Norte Ventures, Optum Ventures, Picus Capital, Rainfall Ventures, Roosh Ventures, Silverton Partners, Tiger Global Management, Tusk Venture Partners, Upfront Ventures, Didier Valet, Mark Chou, Neil Parikh, Ross Devor, Scott Belsky

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Lupa Capital.

Lucas Amoroso Lima

Investor

Leadership Team

Key people at Lupa Capital.

Lucas Amoroso Lima

Investor

Deep Dive

High-Level Overview

Lupa Capital is an early-stage investment firm focused primarily on technology companies within the healthcare, insurance, and software sectors. Their mission centers on supporting startups through critical growth phases such as fundraising, key hires, strategic decisions, and mergers and acquisitions, aiming to help build lasting companies. By investing in these sectors, Lupa Capital plays a role in advancing innovation and scaling technology-driven solutions that address complex challenges in healthcare and insurance industries[2].

Origin Story

Lupa Capital was founded with a focus on early-stage technology investments, particularly in healthcare, insurance, and software. While specific founding year and key partners are not detailed in the available information, the firm emphasizes its role in guiding startups through pivotal moments that define their legacy, suggesting a hands-on, partnership-driven approach from inception. Their evolution appears aligned with the growing demand for tech-enabled solutions in regulated and complex industries like healthcare and insurance[2].

Core Differentiators

Sector Focus: Concentrated investments in healthcare, insurance, and software, allowing deep domain expertise.
Hands-On Support: Active involvement during critical growth phases such as fundraising, hiring, and strategic planning.
Early-Stage Expertise: Specializes in early-stage companies, providing tailored resources and guidance.
Network Access: Offers startups access to a network that can facilitate growth and scaling opportunities[2].

Role in the Broader Tech Landscape

Lupa Capital is positioned within the broader trend of technology-driven transformation in healthcare and insurance, sectors traditionally slow to innovate but now rapidly adopting digital tools. Their timing aligns with increased demand for software solutions that improve efficiency, compliance, and customer experience in these fields. By focusing on early-stage companies, Lupa Capital helps accelerate innovation cycles and supports startups that can disrupt legacy systems, thereby influencing the broader ecosystem toward more tech-enabled services[2].

Quick Take & Future Outlook

Looking ahead, Lupa Capital is likely to continue expanding its portfolio in healthcare and insurance technology, capitalizing on ongoing digital transformation trends. As regulatory environments evolve and technology adoption increases, the firm’s early-stage focus and hands-on approach position it well to identify and nurture startups that can become market leaders. Their influence may grow as they help shape the future of tech-enabled healthcare and insurance solutions, potentially expanding into adjacent sectors or deeper into software innovation.

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Note: The information above is based on publicly available data primarily from Lupa Capital’s own website and related investment profiles[2]. There is no detailed public record of founding year or key partners, and no direct connection to similarly named entities such as Lupa Systems or Lupa X Capital, which operate in different sectors or geographies[3][4].

Sources