Grupo Boticário Ventures

Grupo Boticário Ventures is the corporate venture capital arm of Grupo Boticário, a leading Brazilian beauty and wellness conglomerate. The venture arm focuses on identifying and investing in innovative startups within the beauty, retail, and fintech sectors, aiming to drive growth and technological advancement in these industries. Through its initiatives, Grupo Boticário Ventures seeks to foster collaboration between established businesses and emerging startups, enhancing the company's innovation ecosystem. The venture capital firm operates primarily in Brazil but has extended its geographical focus to include the United States, Portugal, Mexico, Guyana, Bolivia, Peru, Paraguay, Japan, France, Angola, Colombia, and the United Arab Emirates. This international presence allows Grupo Boticário Ventures to tap into diverse markets and identify global trends in beauty and retail innovation. The firm's investment strategy encompasses various stages, including seed, early-stage, and growth investments, with typical investment sizes ranging from $1 million to $2 million. Grupo Boticário Ventures has demonstrated a commitment to fostering innovation through its partnerships and programs. Notably, in 2025, the firm partnered with Cubo Itaú, one of Latin America's largest innovation hubs, to expand its engagement with startups in the beauty and retail sectors. This collaboration aims to map innovative solutions across five verticals: retailtechs, beautytechs, fintechs, biotechs, and beauty and wellness brands. Additionally, the firm has been actively involved in acceleration programs, such as the GB Ventures program, which focuses on connecting and accelerating startups with innovative business models in the beauty and retail segments. These initiatives underscore Grupo Boticário Ventures' dedication to driving innovation and growth within its core industries.