Kviv Ventures
At a Glance
One of the few backers anywhere that publishes a ceiling on its own participation rather than a range it might exceed.
- Pricing
- Custom Pricing, Investment terms, not fees. One to two units at most in a search fund, by its own words, and a board seat taken as standard; its venture side prices its ticket at 500 thousand to 5 million reais.
- Best For
- A Brazilian searcher, or an international one, who wants a backer that states the size of its participation up front.
- Track Record
- Thirty-five search funds, sixteen investees, five startups and four exits, counted on its own home page; its portfolio serves twenty-five vehicle logos, twelve search-fund companies, four venture companies and seven exits, names in link targets only. Five people named under the team heading on its about page.
- Lane
- Traditional
- Funds
- The search phase and the deal
- Based
- Sao Paulo, Brazil.
- Invests
- Brazil first, and the whole world after that in its own words.
- Buys
- Companies with revenue of 10 to 150 million reais a year, through search funds, and occasionally early-stage startups; no earnings floor or sector list. It says it takes a board seat as its standard.
- Before A First Call
- A contact page with a form, a phone number and an address, and no sentence stating who may write or what a first approach should carry.
- First-Time Operators
- Its theses page lists selection criteria for search funds: entrepreneurs who listen and keep developing, and professionals with a record, skill and aptitude in developing companies. A record is named and no year count or prior seat, so it reads as a description of who fits and not a bar; the pages still describe support from the first contact through the chief executive seat.
- How Long The Search Runs
- No length on the search and nothing about what happens if it ends without a deal, on the pages this review read. Ask what the clock is before you sign anything.
- Published Terms
- No check size, stake or fee on the pages this review read. Most firms on this shelf publish none, so ask early rather than late.
- What A Searcher Gets
- Not published on the pages this review read. It is the figure a searcher most wants and most of this shelf does not print it, so ask before the first call rather than after.
- After The Close
- Nothing about the years after closing on the pages this review read, whether a hold period, a first-year plan or a board role. Ask how long it expects to own the company before you sign.
- Roadmap Stages
- 3. Set Up & Fund the Search
Pros and Cons
Pros
- States that it takes one to two units at most in a search fund, which is a cap rather than a range
- Counts its search funds, investees, startups and exits on its own home page
- Sets out what it does at each of five stages, from fund formation to the exit
Cons
- The search-fund unit is stated but never priced; the one monetary figure on the search side is the revenue band it wants, 10 to 150 million reais a year
- Its portfolio page carries category headings with the names behind images
- Nothing published about a search that ends without an acquisition
What Searchers Say
A Brazilian search fund investor since 2019, and the counts here are the ones its own home page states.
How to Approach
Firms do not publish a term sheet you can prepare against, so this is how traditional (investor-backed) search capital comes in, what it weighs, and how to arrive ready.
The Typical Arc
- A first conversation on your background and why search, before any deal.
- A deep dive on your plan: industries, criteria, and how you will source.
- Backing for the search itself, then a fresh underwrite when you bring a live deal.
- A board seat and governance once you close.
What It Weighs
- Whether you will finish a two-year search, not only start one.
- The quality of your thesis and target criteria.
- How you will behave on a cap table over a long hold.
How to Prepare
- Bring a sourcing thesis, not a blank slate. Buyer Profile Builder
- Know which firms lead versus follow, and on what terms. Investors
- Make your operator case on one page. Buyer Profile Builder