Barn Investments

Barn Investments is a Sao Paulo-based fund focused on Greentech and complex B2B software within the Brazilian market, writing Series A and Series B checks in the $1M to $5M range. Healthcare is not the fund’s primary thesis, and its relevant surface is narrow: tech-enabled services and B2B software where healthcare is one of several enterprise verticals, infrastructure software that healthcare companies consume, and care delivery operations technology with clear margin or efficiency gains. Founders pursuing pure consumer health, biotech, devices, or AI-first clinical models should look elsewhere. The right founder is a Brazilian technical or commercial operator with a credible enterprise B2B product, real revenue, and a clear sector wedge that may include healthcare among other verticals. The fund’s positioning means healthcare-only conversations need to be rooted in demonstrated enterprise software discipline rather than a sector-pure narrative. Geographic advantage is the Sao Paulo enterprise B2B network, familiarity with Brazilian large-corporate procurement cycles, and connectivity into the broader Latin American Series A and B ecosystem. Best entry is a warm intro from a portfolio founder, a Brazilian Tier-1 Seed fund that has co-invested with Barn, or a banker-introduced process for later-stage rounds. Lead the pitch with revenue, gross retention, sales-cycle data, and a clear thesis on how the product expands beyond initial verticals. Be explicit about LGPD posture and how data flows are structured, since enterprise B2B software in Brazil increasingly faces compliance scrutiny. Caveats: at Series A and B with $1M to $5M checks, Barn is often a co-investor rather than a sole lead in larger rounds, so founders should clarify the lead structure early. Brazilian enterprise sales cycles are long, and savvy investors model burn-to-revenue carefully. Ask Barn about reserves, prorata behavior, and which Series C leads have followed the fund into portfolio companies. Reference checks with current portfolio CEOs on operating support and commercial introductions are particularly worth the time given the fund’s broad sector posture. Used appropriately, Barn is a credible Brazilian B2B software partner where healthcare is one of several legitimate verticals; for healthcare-pure founders, the fit is narrower than a sector-specialist would offer.