Indicator Capital

Certified B Corporation

Sao Paulo, Brazil

Certified Since

February 2021


Equity investing - Emerging Markets


Service with Minor Environmental Footprint

Operates In


A Indicator Capital é uma gestora brasileira de venture capital early-stage, sediada em São Paulo e presente no Vale do Silício. Atua para promover a convergência entre o sonho do empreendedor e o retorno financeiro para o investidor, aplicando elementos tangíveis de operação e gestão, vasta rede de relacionamento, visão disruptiva da indústria e geração de valor sustentável. Indicator Capital is a Brazilian early-stage venture capital manager, headquartered in São Paulo and present in Silicon Valley. It works to promote the convergence between the entrepreneur's dream and the financial return for the investor, applying tangible elements of operation and management, a vast network of relationships, a disruptive vision of the industry and the generation of sustainable value.

Overall B Impact Score

Based on the B Impact assessment, Indicator Capital earned an overall score of 106.5. The median score for ordinary businesses who complete the assessment is currently 50.9.
106.5 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 18.3

The Governance Impact Area evaluates a company's overall mission, engagement around its social and environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement2.8
Ethics & Transparency5.4
+ Mission Locked10

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.

Workers 28.0

The Workers Impact Area evaluates a company's contributions to its employees' financial security, health and safety, wellness, career development, as well as overall engagement and satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Financial Security4.4
Health, Wellness, & Safety4.0
Career Development4.7
Engagement & Satisfaction7.7

Community 19.8

The Community Impact Area evaluates a company's engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity, and inclusion; economic impact; civic engagement; charitable giving; and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Diversity, Equity, & Inclusion5.7
Economic Impact8.3
Civic Engagement & Giving2.9
Supply Chain Management0.6

Environment 7.7

The Environment Impact Area evaluates a company's overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company's operations and, when applicable, its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Environmental Management3.2
Air & Climate2.0
Land & Life1.8

Customers 32.2

The Customers Impact Area evaluates a company's stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts and media products, serving underserved customers or clients, and services that improve the social impact of other businesses or organizations.

Customer Stewardship3.8
+ Mission Lock0.9
+ Past Performance1.8
+ Current Fund5.3
+ Positive Impact10.5
+ Portfolio Reporting1.8
+ Capacity Building5.2
+ Fund Governance2.2

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.

Previous Overall B Impact Scores

2021 Overall B Impact Score106.5

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