Investor Profile: Atman Capital - Thesis, Cheque Size & How to Apply

Cross-border founders often struggle to find an investor who understands both the United States and Latin America, and Atman Capital funding was built around that bridge. This profile explains how to get funding from Atman Capital, the early-stage firm founded by Pedro Sorrentino and Pedro Dias, and why its founder-investor community matters as much as its cheques. Atman Capital invests at pre-seed and seed stage in technology and technology-enabled startups in the United States and Latin America.

Investment thesis

Atman Capital partners with what it calls inevitable founders, and its stated test is demanding: companies that operate as if they are already Series A, even at pre-seed. The firm targets second- or third-time founders who minimise cash burn and plan toward profitability, rather than founders optimising only for growth at any cost.

Sectors and stages

The firm invests at pre-seed and seed stage, with reported themes of business-to-business software, commerce, consumer and fintech. It also lists technology-enabled startups more broadly, and directory data adds artificial intelligence, data science and blockchain. Its geographic footprint, with offices reported in New York, San Francisco and Miami, reflects a United States and Latin America strategy rather than a single-market fund.

Fund size and cheque size

No final fund size is stated here, because the verified figure is a target, not a close. TechCrunch reported in October 2022 that Atman Capital had closed on $9 million for a fund targeting $30 million. Cheques were planned to average from $750,000 to $1.5 million at pre-seed and seed.

Notable portfolio

Early portfolio companies named in 2022 reporting include Pipefy, Streetbeat and Aestuary in the United States, and Bamboo, a stealth fintech startup and LoopiPay in Latin America. A later deal, reported in 2024, saw Atman Capital join a $3.7 million seed round for Permanent Agriculture, a public-benefit company focused on regenerative agriculture, led by Better Tomorrow Ventures (body figure; the same article's headline shows a larger figure).

Partners and team

Pedro Sorrentino and Pedro Dias founded Atman Capital in 2021. The firm's distinctive structure is its Egregore, a community of more than 20 founder limited partners, reported as 70 percent from Latin America and 30 percent from the United States, including founders such as John Sung King of Five9 and Alexandre Liuzzi of Remessa Online.

Programs, credits and perks

No formal accelerator, credits programme or perks bundle run by Atman Capital was verified in the sources reviewed. Its closest equivalent to a programme is the Egregore itself, and a profit-sharing sweetener for founder limited partners: a founder who refers a successful deal can receive carried interest in the firm's own profits, on top of the usual limited-partner share.

How to apply for funding

No public application form or pitch email for Atman Capital was verified in the sources reviewed, so this profile does not invent one, and founders should not confuse the firm with the unrelated Indian research firm at a similar domain name. The credible route is a warm introduction through a founder in the Egregore, a portfolio founder, or a United States or Latin America investor who knows Sorrentino or Dias.