Before co-founding Indicator Capital, Thomas Bittar spent years in senior finance roles at banks like JPMorgan, Calyon, Gávea Investments, ING, BBI Bradesco, and Banco Banif, later adding executive education at Boston University's Questrom School and Harvard's Owner/President Management program, and his investing focus centers on physical-world technology such as 5G, smart cities, mobility, logistics, and industrial automation rather than typical software themes. He and co-founder Fabio Iunis de Paula originally bonded over adventure racing, he stays closely involved with portfolio companies through board and observer roles at firms like Syos, InfoPrice, Pernambucanas, Worldpackers, and Iugu, and he talks about Brazilian technology in terms of national development, connecting infrastructure, AI, and IoT to improve mobility, public services, and industrial productivity.