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Andrea Oliveira Kestenbaum

Positive Ventures, Co-Founder & CEO

After leading a cross-sector holding that invested in real estate, food supply, and housing — where she acted both as investor and as executive across its assets — she gained a deep appreciation for the grit it takes to build a business in Brazil, particularly the barriers women face in leadership.

Today, she channel that awareness into her passion for co-creating tomorrow’s economy by blending impact investing, governance, and advocacy. She does this through Positive Ventures, a venture capital firm with offices in São Paulo and San Francisco, backing early-stage technology companies addressing social and climate challenges across the Americas.

Beyond Positive Ventures — and after serving on the boards of several portfolio companies — Andrea now sits on the board of the Institute of Corporate Citizenship (ICE), a mission-driven organization dedicated to advancing the impact investing sector in Brazil.

Investor Profile

Based In: São Paulo, Brazil

Board Positions: ICE - Instituto de Cidadania Empresarial

Investor Type: VC Firm

Preferred Sector(s): Impact Investing

Preferred Stage(s): Pre-Seed, Seed, Series A, Series B

Preferred Geo(s): Brazil, Latin America

Sample Companies: Pachama, Windfall Bio, Eureciclo, Labi Exames, Letrus, Funga

Website: https://positive.ventures/

LAVCA Honors

Top Women Investors in Latin America 2021, 2022, 2023, 2024, 2025