Derek Bittar brings a distinctive mix of backgrounds to his work at Indicator Capital—he's fluent in Portuguese, English, German, and French, chairs his family's business council tied to Pernambucanas (a century-old Brazilian retailer), and has pushed to put Brazil on the global IoT map while sitting on boards for frontier projects like ARVORE's VR work on The Boys: Trigger Warning. He also stands out for writing openly about how to adapt North American venture practices to Brazil, judging founders on whether they can handle complex corporate sales environments, and speaking up on how AI is reshaping jobs and workloads rather than just treating it as an investment trend.
About their Fund
Sectors
AI, Deeptech / Hardware, Food & Ag, Health, Transportation
Rounds
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Notable Investments
Indicator Capital is the largest fund in Latin America focused on IoT, investing across infrastructure, hardware, software, AI, and connectivity for Brazilian deep-tech startups, and it operates from both São Paulo and Silicon Valley to help these companies expand into the US market. It also stands out for its backers—including BNDES, Qualcomm Ventures, and companies like Lenovo, Motorola, Telefónica, Banco do Brasil, and Multilaser—and for investing in harder, real-world technology areas like industrial AI, edge AI for utility infrastructure, and blockchain for environmental asset management, rather than sticking to typical app-based startups.
Notable Fund
Investments
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Popular Investors
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