Historical series Itaú Unibanco launches Itaú Ventures, its new Corporate Venture Capital fund
Proprietary fund born from the internalization of Kinea Ventures, with an initially committed value of R$500 million and a focus on strategic innovation to support the bank’s business
São Paulo, June 2025 – Itaú Unibanco announces the launch of Itaú Ventures, its new proprietary Corporate Venture Capital (CVC) fund, resulting from the internalization of Kinea Ventures. With an agile and flexible structure, Itaú Ventures was created with the objective of bringing investment management even closer to the bank’s operational and strategic needs.
Under the leadership of Philippe Schlumpf, superintendent of Itaú Ventures, the fund will have a dedicated team and will be linked to the Proprietary Business Executive Board of Itaú Unibanco.
“Itaú Ventures was born from the learnings of five years of Kinea Ventures’ operations. We understand how to extract real value from this model and now we are taking it a step further, with greater strategic and operational proximity to the bank,” says Schlumpf.
Itaú Ventures Highlights:
- Initially committed amount of R$500 million under management, with forecast to allocate R$250 million in two years
- Investment ticket starting from R$20 million
- Focus on Brazilian and Latin American startups
- Strategic investment areas: Payments, Wealth, Insurance, Credit, Cybersecurity, Financial Services, UX, Infrastructure and Artificial Intelligence
- Performance aligned with the bank’s strategic priorities
- Close monitoring of investments and knowledge sharing
“Our mandate is clear: to invest in solutions that have synergy with Itaú and that can generate direct value for our clients. We will work side by side with the business areas to identify opportunities and accelerate innovation,” highlights Schlumpf.
Itaú Ventures emerges as a strategic tool for the bank’s growth, acting in a complementary manner to the M&A structure and offering exposure to products and services not yet mastered by the bank.
“In recent years, Itaú has made progress in digitalization, in process agility and has consolidated a culture that is very open to innovation. This allows us to extract maximum value from interactions with invested startups,” adds Fernando Chagas, Director of Proprietary Business at Itaú Unibanco.
The new structure maintains the impartiality of the management mandate and investment decisions, while incorporating the strength and reputation of the Itaú Unibanco brand, reinforcing the bank’s commitment to innovation and the future of the financial sector.
“We have preserved the flexibility and agility that have always been the fund’s hallmarks, now with the institutional reinforcement of Itaú Unibanco. It is a powerful combination to drive innovation with real impact,” concludes Chagas.