The venture capital pitch in São Paulo is often a story of FOMO and hype. Airborne Ventures is betting the opposite sells. The early-stage fund, founded in 2021 by Eduardo Küpper, positions itself as a “no-FOMO, no-hype” investor for Brazil and Latin America, focusing on concentrated portfolios and hands-on support in B2B enterprise AI, fintech, and digital health [Airborne Ventures, 2024].
Its founding partner, Eduardo Küpper, brings the institutional heft. He was previously Head of VC at Bradesco’s venture arm, where he was responsible for two funds totaling R$800 million in invested capital and R$1.7 billion in assets under management [Crunchbase, 2026]. Vinicius Gracia joined Airborne Ventures as a Co-founder and Co-GP [Crunchbase, retrieved 2026] [LinkedIn, retrieved 2026].
The Institutional Wedge
Airborne’s differentiation rests on a blend of institutional process and founder-centric advocacy. The firm explicitly targets early-stage B2B companies with a live product and revenue [Airborne Ventures, 2024].
Tracking the Track Record
Performance claims are the currency of any new fund, and Airborne’s are specific, if self-reported. The firm states its latest fund has achieved a 1.9x multiple on invested capital (MOIC) and claims over $1 billion in follow-on funding secured by its portfolio companies [Airborne Ventures, 2024]. Küpper’s personal LinkedIn headline cites a track record of “$200M+ exits” and “9.5x+ MOIC” [LinkedIn, 2026].
| Role | Name | Key Background |
|---|---|---|
| Founding Partner, GP | Eduardo Küpper | Former Head of VC at Bradesco Venture Capital; oversaw R$1.7B AUM [Crunchbase, 2026]. |
| Co-founder, Co-GP | Vinicius Gracia | Joined Airborne Ventures as Co-founder and Co-GP [Crunchbase, retrieved 2026] [LinkedIn, retrieved 2026]. |
| Managing Partner | Francesco Bloise | Listed as Investment Officer and Managing Partner [Airborne Ventures, 2024]. |
The LatAm B2B Enterprise AI, Fintech, and Digital Health Play
The fund’s sector focus is a calculated double bet. Fintech remains the engine of LatAm venture, but Airborne is targeting the B2B infrastructure layer, payments, SaaS, and financial productivity tools [Crunchbase, 2026]. Concurrently, healthcare and digital health represent a massive, under-digitized market in the region. The firm also invests in B2B enterprise AI companies that enhance client productivity.
The firm also publicly supports the Mensarius Oath, a pledge for ethical investing [LinkedIn, 2026].