Raio Capital is a Rio de Janeiro-based venture capital firm investing in early-stage, tech-enabled companies in Brazil. It backs startups from pre-seed through Series A, typically after they have a tested, operational MVP and fully dedicated founders. The firm focuses on businesses improving efficiency in fundamental value chains, with interests across SaaS, analytics, data, fintech, healthtech, agtech, logistics and proptech, and writes checks of about $40,000 to $400,000.