Strategic View: Brazilian startup Next Fit, an ERP for , has closed a Rto cement its leadership.
Full Story: Brazil attracted $435 million in VC investments in Q1 2025, a modest increase over the previous quarter. Brazilian startups are adapting to the tougher global funding climate through innovative structures like hybrid models and corporate venture arms.
This deal is a prime example of a local-plus-international club. The round was led by Cloud9 Capital, a Brazilian fund that understands the local market’s nuances. They were joined by Parceiro Ventures, an international investor, bringing global SaaS expertise and a different network. This is the optimal structure: local leadership with global validation.
The capital has a clear, two-pronged mission. First, product expansion. Next Fit is already growing, with clients reporting revenue increases of up to 43% after adoption. This new funding will build out its platform. Second, market consolidation. With 13,000 clients, it’s already a leader, but the LatAm market is wide open. This club deal provides the war chest to out-compete smaller rivals.
This deal proves that even in a cautious VC market, “vertical SaaS” (software for a specific industry) is white-hot. Investors are forming clubs to back platforms that have clear product-market fit, sticky recurring revenue, and a defined path to regional dominance. Next Fit ticks every one of those boxes.
*ERP: Enterprise Resource Planning, a type of business management software.
Summary: Next Fit’s R$50M club deal, led by Cloud9 and Parceiro, is a strategic bet on vertical SaaS in LatAm. It matters because it shows investors are clubbing together to fund “picks and shovels” champions that provide the essential digital infrastructure for entire industries, like fitness, to modernize.
Source: BayBrazil
