Raffael Costa

Raffael Costa is a São Paulo–based investment professional who has spent his career at the intersection of Latin American agriculture and technology. He earned a Business Administration degree from Fundação Getulio Vargas (FGV-SP) and completed additional specialization at UCLA. He began his career coordinating editions of the "Challenge Brazil" competition (2011–2012) and worked in Corporate Banking at Banco Bradesco before moving into venture capital.

At SP Ventures — one of Latin America's leading food-and-agribusiness venture firms — Costa rose from Analyst to Venture Capital Associate and, by his own account, participated in roughly 14 venture investments across agribusiness, food, and fintech, deploying about US$20 million into early-stage companies. SP Ventures backs precision-agriculture, biologicals, agri-fintech, and data-driven farm-tech startups across the region, so his formative investing years were spent at the seed and Series A stages.

He subsequently took an M&A specialist role at AgroGalaxy (a Brazilian agricultural-inputs retailer) before joining Pátria Investimentos, Latin America's largest alternative-asset manager (~US$40–42B AUM). At Pátria he is now a Private Equity Senior Vice President, where he has helped lead private-equity theses in the agricultural-input industries — deploying more than US$150 million across roughly six M&A transactions, notably within Pátria's Crop Care (Fund V) and Allterra (Fund VII) platforms. In total he cites 10+ years of experience and 200M+ USD supported across 10+ companies.

> Disambiguation note: This profile is the Brazil-based Raffael Costa (double-"f" spelling, matching the source record and the "raffa…" email) who works in agri-focused VC/PE. He should not be confused with Rafael Costa (single "f") of Across Capital Partners / ONEVC in Miami/San Francisco — a separate LatAm tech investor associated with Creditas, Rappi, Loft, and Neon. Those deals belong to that other person and are deliberately excluded here.

• Invests in and evaluates Latin American agrifood, agtech, and agri-fintech companies — the sectors he has covered continuously from SP Ventures through Pátria.
• Early-stage exposure at SP Ventures centered on seed / Series A checks into precision ag, biological inputs, data/AI farm tools, and agri-fintech (credit access for farmers).
• Deep domain conviction in the agricultural-input value chain specifically — the thesis he now runs at the PE level via Pátria's Crop Care and Allterra platforms.
• Bias toward companies solving concrete problems for Brazilian and regional agribusiness (productivity, credit access, climate resilience, input distribution) rather than generalist consumer tech.