Trivèlla Investimentos

The firm

Capital engineers, not capital chasers.

We're a CVM-regulated asset manager in Brazil. We don't ask investors for trust — we give them a structure they can underwrite.

Who we are

For more than 25 years we have identified hidden value in Brazilian assets — businesses, properties and operations where the market sees risk when, in fact, there is a specific constraint that can be removed.

We are a CVM-regulated manager. Venture capital is our flagship strategy; our consulting offer, Capital Readiness, applies the same discipline to companies with revenue preparing for a capital event.

The Asset Unlock Framework is our method: removing the uncertainties the market misprices before we invite capital in. It's the same discipline applied to funds and to consulting mandates.

Leadership

Who decides

Jon Francisco Toscano

Jon Francisco Toscano

Founding Partner · CEO & Chief Investment Officer

Jon founded Trivèlla in 1999 and has led it ever since as CEO and Chief Investment Officer, investing in Brazilian venture capital and middle-market growth equity for more than 25 years. Over his career he has taken part in more than US$1 billion in transactions.

He began his career at Icatu Equity Partners, Banco Icatu's private equity group, which recruited him directly out of the Yale School of Management. There he originated the firm's investment in Mabel, later acquired by PepsiCo.

In 2014 he co-founded TrivèllaM3 with TM3 Capital, and he has served on TM3 Capital's investment committee since 2017. He has sat on the boards of portfolio companies including Veltec, FBITS and Opto Eletrônica, and chaired the board of Velsis, a leader in intelligent traffic systems. He served two terms on the board of ABVCAP, the Brazilian Private Equity and Venture Capital Association, and sits on the ABVCAP–ANBIMA Code supervisory committee.

  • Business Administration — FGV-SP (1991)
  • Engineering — University of São Paulo (1993)
  • MBA, concentration in Finance — Yale School of Management (1997)
  • CVM-authorized portfolio manager since 2011
  • ANBIMA CGA certified

Conversations

Ivo Martins Alves

Director · Compliance & Risk

Ivo oversees Trivèlla's compliance, internal controls and risk management. He brings 30 years of experience in accounting, auditing and controls, including corporate restructurings and tax planning, and has held director-level roles in accounting and administration at large companies.

  • Accounting — Federal University of Uberlândia
  • Economics, with a specialization in Business Administration — Federal University of Uberlândia

At a glance

What defines us

Experience
25+ years of experience
Regulation
CVM-regulated manager
Self-regulation
Participant in ANBIMA self-regulation
Assets under management
R$ 150M (Oct 2026)
Method
The Asset Unlock Framework — our five-stage method

Governance

Capital follows structure. So we start with the structure.

Next step

Investors

Venture capital funds built on structure.

Funds for Brazilian qualified investors (CVM Resolution 30). Information is restricted to investors with individual access.

Explore the funds Request access

Founders

First the test. Then the capital.

The Value Test is our free process for early-stage technology founders: we identify the constraint holding value back and test whether it can be removed.

Explore the Value Test

Companies

Capital Readiness.

For companies with revenue and a capital event — a raise, a sale or a new partner — in the next 6 to 18 months. Fully online, starting with a questionnaire.

Explore Capital Readiness Answer the questionnaire