Monashees is one of Latin America's pioneering venture capital firms, founded in 2005 and headquartered in São Paulo, Brazil. The firm focuses on early and growth-stage technology companies across Latin America, with a particular emphasis on Brazil. Over two decades, monashees has built a portfolio of more than 100 companies spanning fintech, logistics, real estate technology, health tech, and, more recently, digital assets and blockchain infrastructure.
The firm manages capital across multiple fund vintages. Total assets under management are not publicly disclosed. Monashees invests across seed through Series B rounds, often taking board seats and working closely with founders during formative stages. Its geographic focus is firmly Latin America, with Brazil as the primary market and selective exposure to Mexico, Colombia, and the wider region.
Notable investments
- Nubank – Brazilian digital bank and one of the largest fintech companies globally. Monashees was an early backer. Nubank has since expanded into crypto services for its 100 million+ customer base.
- QuintoAndar – Brazilian proptech platform, now valued at several billion dollars.
- Loggi – Brazilian logistics and last-mile delivery startup.
- Gympass (now Wellhub) – Corporate wellness platform with global reach.
- Nuvemshop (Tiendanube) – Latin America's leading e-commerce platform for SMBs.
Public information about monashees' specific crypto and blockchain portfolio investments is limited. The firm has made selective moves into digital assets, consistent with broader Latin American fintech adoption trends. Given the region's high rates of crypto ownership – Brazil ranks among the top countries globally for cryptocurrency use – monashees has positioned itself to back infrastructure and consumer-facing projects in the space. Specific crypto deal names and sizes have not been broadly disclosed.
Team
Monashees was co-founded by Eric Acher and Fabio Igel, both Brazilian entrepreneurs with backgrounds in technology and investment. Eric Acher has been one of the most prominent voices in the Latin American startup ecosystem for years, frequently speaking at regional conferences and contributing to ecosystem development efforts. The firm has grown its partnership team over the years, though a full public list of current managing partners is not readily available via official sources.
More details on the current team are available on the monashees Crunchbase profile and the firm's official website.
Recent activity
Over the 2024–2025 period, monashees continued to deploy capital in Latin American technology. The firm has been active during a broader VC slowdown in the region, maintaining its position as a foundational institutional investor in Brazil's startup ecosystem. As Latin American regulators – including Brazil's central bank, the Banco Central do Brasil – have introduced clearer frameworks for digital assets, investor interest from established regional VCs has grown. Brazil passed comprehensive crypto regulation in 2023, creating a more defined operating environment for portfolio companies in the digital asset space.
Public reporting on specific new deals closed by monashees in 2025–2026 is limited at the time of writing. The firm does not consistently publicize individual investment announcements.
Monashees occupies a distinctive position in Latin American venture: it has the track record and portfolio depth of a first-generation regional VC, while remaining active in newer verticals including crypto and blockchain. For founders building in Latin America's digital asset space, the firm represents access to deep regional networks, a proven operational playbook, and connectivity to the broader Brazilian tech ecosystem. The main uncertainty for outside observers is the limited public disclosure around fund sizes and specific crypto-focused positions.