Laura Constantini is considered one of the earliest female venture investors in Brazil, having moved from telecom equity research and M&A during the country's privatization era into early-stage investing alongside Edson Rigonatti, where she learned to tell mission-driven founders apart from mercenary ones and built trust with early LPs by being open about both her wins and her mistakes. Beyond investing, she has worked to bring family capital into venture in an educational way, serves on the board of Endeavor Brasil, is connected to Insper's innovation hub and Stanford's Lemann Center, co-launched the podcast Astella Around the World, and argues that venture capital is really more of a human science than people assume, which she believes is part of why women are underrated in the industry.
About their Fund
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SaaS, Marketplaces, Consumer, Enterprise, Fintech
Rounds
Series A
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Notable Investments
Astella calls itself a value investor in venture capital that uses a base rate approach for early-stage deals, and it teaches that distribution matters more than product, using its own idea called Água Limpa to describe finding a proprietary, low-competition customer channel. Through its Astella Matrix and Astella Playbook, it publishes essays and founder interviews rooted in Brazilian founders and markets, acting as a teaching-focused fund for early-stage companies in Brazil.
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