Cassio Spina: Brazil’s Angel Investment Community has Grown by 18%

Anjos do Brasil hosted its first national conference last week in São Paulo. Cassio Spina, the man at the head of the organization, opened the event with a speech containing some intriguing insights into the angel investment scene in Brazil.

Spina revealed that the number of angel investors in Brazil has increased by 18% this year, going from 5,300 to 6,300 individuals. Notably, he pointed out that 80% of angel investors in Brazil are receptive investors – in other words, they only participate when sought out by entrepreneurs.