Namari Capital
Namari Capital is a company.
Active
Updated: ·
Financial History
Total Raised
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Valuation
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Leadership Team
Key people at Namari Capital.
Namari Capital is a company.
Key people at Namari Capital.
Key people at Namari Capital.
Namari Capital is a São Paulo-based venture debt firm founded in 2022, specializing in non-dilutive credit solutions for high-growth tech startups in Brazil.[1][2][4] It provides structured debt financing to scale-up and growth-stage companies, particularly in the venture capital ecosystem and B2B software, without requiring equity dilution, using tools like interest, kickers (fees on liquidity events), and collateral such as receivables, IP, and software escrow.[1][3][5] Sector-agnostic, it targets firms with product-market fit and strong unit economics, supporting runway extension, M&A, CAPEX, or equity restructuring, and has backed companies like Exact Sales, Eu Entrego, Laqus, and Hyperlocal.[2][5] Led by Managing Partner Gabriela Gonçalves, the firm fills a key gap in Brazil's startup ecosystem by offering flexible capital amid equity funding challenges, building on the venture debt trend that began locally in 2019.[2][5]
Namari Capital was founded in 2022 by Gabriela Gonçalves, who serves as Managing Partner, drawing from her extensive experience in venture debt and tech operations.[2][4][5] Prior to Namari, Gonçalves was Managing Partner at Brasil Venture Debt—the first such fund in Brazil—and held roles like Co-founder and Managing Director at Lazada (a Southeast Asian unicorn), Search and Selection Manager at Endeavor Brasil, and National Portfolio Supervisor at Criatec I; she holds an MBA from London Business School.[2] The firm emerged amid Brazil's growing venture debt adoption, post-2019 pioneers like SP Ventures' fund, positioning Namari to serve scale-ups as equity markets tightened.[5] Key team members include Partners Bruno Carvalho (Risk Team), Francesco Miolo (Management Team), and Investment Analyst Leonardo Santiago, all based in São Paulo.[4]
Namari Capital rides the venture debt wave in Brazil, accelerating since 2019 to address equity droughts, deferred IPOs, and late-stage capital needs amid global VC slowdowns.[5] Its timing aligns with LatAm's maturing startup ecosystem, where scale-ups face funding gaps; by providing non-dilutive options, it supports ecosystem resilience, enabling growth without dilution during cycles of tight equity (e.g., post-2022 downturns).[5] Market forces like rising interest in B2B tech, healthy unit economics demands, and tools like software escrow favor Namari, influencing Brazil's VC by bridging to exits and attracting crossover investors upon market rebound.[3][5] This positions it as a stabilizer, humanizing debt for entrepreneurs via reports (e.g., with Endeavor Brazil/Sling Hub) that demystify the instrument.[5]
Namari Capital is poised to expand as Brazil's venture debt matures, potentially scaling funds (currently one in market) and portfolio amid improving exit conditions and VC rebounds signaled by mega-funds like General Catalyst.[4][5] Trends like AI-driven B2B software growth, M&A surges, and LatAm's scale-up boom will shape its trajectory, with its escrow innovations and sector-agnostic approach enabling broader adoption.[3][5] Influence may evolve toward regional leadership, mentoring more funds and entrepreneurs on non-dilutive paths—reinforcing its role as a non-dilutive lifeline in a high-growth ecosystem.[2][5]
