Upstream
Est. dry powder
$84M
Raised, not yet invested
AUM
$550M
Assets under management
Latest fund
$250M
Upload Ventures Growth
Est. cheque size
$1.5M–
From fund sizes
Deals, last 12 months
—
Not reported
About Upstream
Upstream is a Brazil-based private equity firm that invests in early-stage and growth-stage companies across sectors including consumer services, health tech, SaaS, crypto, and other industries throughout Latin America.
- Type
- Venture Capital Firm
- Headquarters
- Sao Paulo, Sao Paulo, Brazil
- Stages
- SeedSeries ASeries BSeries CSeries EEarly Stage
- Est. cheque size
- $1.5M–$7.5M
- Sectors
- Information Technology
- Strategies
- Growth, Pre-Seed, Seed, Series A
Where they invest
From deals and portfolio companies on record
Most frequent rounds
- Seed11
- Series A9
- Series B1
- Series C1
- Series E1
Across 24 deals
Portfolio sectors
- Software15
- Financial Services2
- Internet2
- Education/Training1
- Healthcare IT1
Across 22 companies
Portfolio countries
- Brazil12
- US8
- Colombia1
- Mexico1
Across 22 companies
Recent investments
Newest 5 of 24
- Series A$12.3M
BotCity Desenvolvimento de Sistemas LTDA
Sep 2025 · Series A
- Series A$1M
CUB
Sep 2025 · Series A
- Series A$6.3M
IORQ
Aug 2025 · Series A
- Series B$30M
Simetrik Inc.
Jun 2025 · Series B
- Seed$6M
Neofin Tecnologia Ltda
Feb 2025 · Seed
Offices
1 location
- Sao Paulo, Sao Paulo, BrazilHQ
Questions about Upstream
How much does Upstream invest per deal?
Based on the size of its funds, Upstream writes estimated cheques of $1.5M–$7.5M. Lead cheques usually sit at the top of that range and follow-on cheques lower.
What stages does Upstream invest in?
Upstream has invested at Seed, Series A, Series B, Series C, Series E and Early Stage. Its most frequent rounds on record are Seed, Series A and Series B.
How much capital does Upstream have left to invest?
Upstream has an estimated $84M in dry powder: capital it has raised but not yet invested.