Igah Ventures

Igah Ventures is a Sao Paulo-based venture firm formed by the merger of e.bricks Ventures and FIR Capital, two of Brazil’s most established early-stage funds, deploying $1M-$5M cheques at Series A and Series B into tech-enabled services and consumer health platforms. The combined entity benefits from a broader operator network and pattern recognition across multiple vintages of Brazilian venture investing. For founders, Igah is best positioned as a Series A and B lead for Brazilian operators building tech-enabled health services, consumer wellness brands, or care delivery platforms with revenue traction and ambitions to scale across LatAm. The right founder profile is a Brazilian operator with $3M+ revenue, clear unit economics, and a credible category leadership thesis in tech-enabled health services or consumer wellness. Founders running deep biotech, asset-heavy hospital chains, AI clinical software requiring deep technical underwriting, or pre-revenue plays are a poor fit. Entry path is via an Igah portfolio CEO (legacy e.bricks and FIR alumni), sell-side bankers with Brazilian venture practice depth, or warm introductions from co-investing Brazilian and international funds. In the pitch, lead with revenue traction, gross retention, unit economics, founder-market fit, and a credible Series B plan that names likely international leads. Caveats: AI focus is not stated and the firm is not an AI specialist, so AI-heavy founders should bring external technical advisors. Brazilian macro and FX volatility, plus payer dynamics across SUS and a consolidated private insurance market, will be probed thoroughly. Cycle times are months and partners expect active board engagement. Confirm reserves and follow-on policy explicitly given the firm’s concentrated approach, and clarify how the merger has affected current vintage pacing and check sizing relative to the legacy entities.