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Juao Fortes

Co-Founding Partner & Entrepreneur

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At a glance

Full Name
João Martinez Fortes Júnior
Title
Founding Partner & Entrepreneur (Sócio Fundador e Empreendedor)
Firm
Cassis Capital
Firm Type
Entrepreneur-led private investment firm / holding ("de empreendedores para empreendedores") — the stub-listed "Angel Investors / Seed" label understates it; in practice Cassis backs and consolidates established B2B software companies
Investment Stage
Growth-stage (the firm frames its work as "accelerated sustainable growth" of B2B software businesses), plus strategic add-on acquisitions and buy-and-build consolidation
Sector Focus
B2B enterprise software, with a deep specialty in fiscal/tax, foreign-trade (comex) and compliance software
Geographic Focus
Brazil (local investment with a global perspective)
Location
São Paulo, Brazil

Background

João Martinez Fortes Júnior is one of three founding partners of Cassis Capital, a São Paulo–based investment firm launched in 2011 by former partners of MasterSAF. He built his career over 30+ years across finance and enterprise software, with earlier roles at Arthur Andersen, Bankers Trust and Planibanc before joining MasterSAF, the fiscal/tax software company that was sold to Thomson Reuters in 2011. His academic background is in Accounting Sciences with a specialization in corporate finance, and his professional specialty is mergers and acquisitions, corporate governance and strategic management.

At Cassis Capital, Fortes works alongside co-founders Cesar Augusto Pinela (CEO, ~30 years in software and services) and Jander Sousa Martins (~40 years in IT, MasterSAF founder). The firm positions itself as "a company of entrepreneurs for entrepreneurs," contributing not only capital but strategic guidance through committees covering innovation, market strategy, corporate governance and team development. Its core playbook has been acquiring and consolidating Brazilian fiscal/tax and foreign-trade software companies, then driving synergies and exits.

Fortes serves (or has served) as chairman/president of the board of several Cassis-affiliated software companies, including Taxweb, New Soft Intelligence (NSI eComex), GETT and JExperts (Jexpert). Beyond the Cassis portfolio, he has held independent board or audit-committee seats at publicly traded Brazilian companies, including Raia Drogasil, Hypera (formerly Hypermarcas), Coteminas, Springs Global and Santanense de Tecidos — signaling a governance-focused profile more typical of a private-equity/holding operator than a classic seed angel.

Investment Thesis & Focus

  • Invests in and consolidates B2B enterprise software companies, concentrated in fiscal/tax, foreign-trade (comex) and compliance software — the founders' domain of expertise from MasterSAF.
  • Pursues a buy-and-build / consolidation strategy: acquiring multiple complementary companies (e.g., Bysoft-NSI, Taxweb, JExperts) and unifying them to "increase synergies and cross-selling across the different companies' solutions."
  • Backs businesses aiming for "accelerated sustainable growth" — favoring companies with real revenue and margin expansion (the consolidated group grew revenues ~16% YoY with net margins rising to ~18%, per 2016 reporting).
  • Adds value beyond capital via operating and governance committees (innovation, market strategy, corporate governance, team development), reflecting Fortes's M&A and board-governance background.
  • Track record oriented toward clear exit paths — strategic sales to global acquirers (Thomson Reuters, WiseTech, Sovos, Nexaas) and management buyouts.

Notable Investments

  • MasterSAF — Brazilian fiscal/tax software pioneer (founded 1988); acquired by Thomson Reuters in March 2011. Origin story for the founders and firm.
  • Taxweb — Tax-rules/compliance platform; co-founded and chaired by Fortes; acquired by Sovos in April 2020, expanding Sovos in Latin America.
  • Bysoft (NSI eComex) — Foreign-trade/import-export software; acquired by WiseTech Global in July 2017.
  • JExperts (JExpert) — Integrated project/strategy management software; management buyout in October 2019.
  • ComexDez — Foreign-trade software; acquired by Nexaas in January 2020.
  • GETT — Portfolio software company; management buyout in August 2020.
  • SpedBrasil — Fiscal (SPED) software; management buyout in March 2015.
  • Aliz Evolução Fiscal / Adejoaliz — Fiscal-software venture in the group's portfolio.
  • eComex — Foreign-trade software; noted as a held (active) position.

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