Fabrica in the Cloud 100 2025

Fabrica Ventures was established with the goal of serving as a bridge between Brazilian investors and the US VC.

Obviously, building an early-stage VC fund without a strong Silicon Valley network would have been a losing proposition. We saw that a select group of VC funds consistently delivered alpha, yet direct access to them was constrained by high minimum tickets and long waiting lists.

To overcome this, we turned to the secondary market and focused on acquiring positions in the portfolio companies of these top-tier funds. We narrowed our strategy to Tech (high gross margins) B2B (recurrent revenues) Late-Stage (series C+) startups to provide diversification for Brazilian investors — Brazil has virtually no Tech B2B companies, with just one listed among the top 100 on Bovespa.

The Cloud 100 is recognized as the world’s most prestigious ranking of B2B Tech startups. Published annually by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures, it showcases the most innovative and promising companies in cloud and AI before they go public.

The 2025 Cloud 100 is out, and 14 Fabrica Ventures portfolio companies made the list:

# 2 – Anthropic (LLM)

# 4 – Databricks (Unified data and AI platform)

# 14 – Netskope (SASE cybersecurity)

# 17 – Tanium (Endpoint cybersecurity)

# 27 – Checkr (Background checking)

# 29 – Plaid (Fintech middleware platform)

# 31 – Carta (Fund administration)

# 41 – Automation Anywhere (Robotic process automation)

# 44 – Glean (AI enterprise search)

# 49 – Lambda (GPU datacenter)

# 50 – Brex (Finance software platform)

# 53 – Intercom (Customer experience)

# 64 – Workato (Integration platform as a service)

# 71 – Automattic (Web tools)

We have also invested in other leading tech startups that fall outside the Cloud 100 criteria — including Anduril and Shield AI in defense, Groq and Cerebras in semiconductors, and Kraken in crypto exchanges — further reinforcing the breadth and strength of our portfolio.

Conclusion

Good or bad, this remains a powerful validation of our core value proposition.