There is a meaningful funding gap at the seed stage in Brazil. No investor is fully focused on it, and entrepreneurs unduly suffer because of it. Filling this gap is the opportunity Canary is focused on. We believe that the seed stage is the best time to start a long-term relationship with a founder, especially in a young startup ecosystem as is the case with Brazil today.
We believe this ecosystem is at a tipping point. The quality of founding teams is world-class and improving at an accelerating pace, the entrepreneurial mindset is permeating universities and younger generations, and our nation's top talents are starting their own businesses instead of looking for traditional jobs.
All over the world technology is changing the way people do business and live their lives. Brazil is no different. Every major industry and company will be transformed in the next decade, and this transformation will be ushered in by fearless leaders and entrepreneurs.
We are at a crossroad, and the outcome of this confluence of factors is clear to us: In the next few years we will witness the birth and coming of age of our generation's great companies.