Indicator Capital is a Brazilian venture capital firm founded in 2014, with operations in Sao Paulo and Silicon Valley. The firm focuses on early-stage investments, particularly in IoT startups, and manages over R$ 270 million. Indicator Capital typically participates in seed and Series A rounds, providing crucial funding to innovative companies looking to scale.

Notable portfolio companies include Back4app and RetailApp, each having raised $1.5 million. The firm is led by partners Derek Lundgren Bittar, Fabio Iunis de Paula, and Thomas Lundgren Bittar, who bring a blend of American best practices adapted for the Latin American market. Indicator Capital emphasizes aligning entrepreneurial vision with investor returns and offers unique value-add services to help startups thrive.