# Warren Corretora de Titulos e Valores Mobiliários e Câmbio Ltda

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/warren-corretora-de-titulos-e-valores-mobiliarios-e-cambio-l

- Industry: Financial Services
- Headquarters: Porto Alegre, Brazil
- Website: www.warren.com.br
- Total disclosed funding: $106M
- Latest round: Series C (May 27, 2022)
- Investors on record: 9

## About

Founded in 2014 and based in Porto Alegre, Brazil, Warren Corretora de Titulos e Valores Mobiliários e Câmbio Ltda also known as Warren operates an investment platform that provides an online service for users to buy, sell and hold funds. The company was founded by its Chief Technical Officer Andre Gusmao, Chief People Officer Kelly Jancescki, Marcelo Maisonnave de Oliveira, Chief Design Officer Rodrigo Grundig and Chief Executive Officer Tito Gusmao. In April 2021, Warren raised BRL 300 million in series C funding led by new investor GIC. As of 2021, Warren staffs over 400 employees and has BRL 6 billion in assets under management with 200,000 customers that is a 1000% growth compared to last year, when the company had BRL 600 million under management.

Warren provides an investment application that also serves as an investment broker, asset manager and administrator. Warren charges a one-time fee on users' investments that varies from 0.5 to 0.7% per year, depending on the amount they have invested and refunds 100% of the commissions the company receives when they invest in third-party funds. Warren also has an education platform that provides online courses on financial life and investment.

Warren plans to increase the marketing and expansion of its investment platform and to hire more workers to continue bringing the best features in the market to clients, for both investors and professional partners.

## Funding rounds

- Series C, May 27, 2022, $21M — GIC, QED Investors, Kaszek Ventures, Citi Ventures
- Series C, Apr 28, 2021, $55M — GIC, QED Investors, Kaszek Ventures, Ribbit Capital, Mercado Libre Fund, Quartz, Chromo Invest
- Series B, Jul 10, 2020, $22M — WPA, QED Investors, Kaszek Ventures, Ribbit Capital, Mercado Libre Fund, Quartz, Chromo Invest
- Series A, Jun 1, 2018, $6.7M — Kaszek Ventures, Ribbit Capital, Chromo Invest

## Investors

- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series A, Series B, Series C
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A, Series B, Series C
- Chromo Invest — Series A, Series B, Series C
- WPA (https://capitalatlas.ai/funds/wpa) — Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B, Series C
- Mercado Libre Fund (https://capitalatlas.ai/funds/mercado-libre-fund) — Series B, Series C
- Quartz (https://capitalatlas.ai/funds/quartz) — Series B, Series C
- GIC — Series C
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series C