Desenvolve SP

governmentBrazil

Desenvolve SP is the financial institution of the Government of the State of São Paulo, Brazil, focused on financing sustainable development for micro, small, and medium enterprises and municipalities. It also acts as a fund of funds, investing in venture capital funds across sectors such as software, AI, and climate, with commitments totaling R$630 million across 15 funds. Notable fund investments include Big Bets II, Lightrock, Flying Rivers Capital, and Volpe Capital.

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