Felipe Serson Zullino

Digital Asset Infrastructure & Institutional Markets | Co-founder @ Rearden Digital | Ex-Creditas VP · Ex-Banco Itaú

📍 Brazil🔄 Updated September 2026💼 3 investments📅 10 years investing🗓 Last invested May 2022
VC🌍 Brazil
3
Total investments
2
Early stage
1
Mid stage
0
Late stage
10y
Years active

Portfolio

3 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Angel Investor
May 2022
Brazils private credit market is $365B but should be $1T. The gap isnt demand—its economics. Deal analysis is largely fixed-cost: a $5M transaction can consume 30%+ of year-one revenue in underwriting costs alone. Mid-market assets are invisible to institutions not because theyre bad credits, but because theyre uneconomical to analyze. We fix the unit economics. What we do: AI-powered infrastructure that makes mid-market credit investable at scale. - AI-powered credit intelligence — Screening, structuring, and monitoring at 1/10th the cost of manual analysis - Licensed execution rails — CVM 161 (coordinated offers) • DTVM (primary/secondary) • ANBIMA compliant - Neutral infrastructure — No balance sheet, no conflicts. We enable transactions; we dont compete for them. Why it matters: 60% of our borrowers are first-time institutional issuers. These arent deals we took from banks—theyre transactions that couldnt exist before. We expand the market rather than redistribute existing volume. $90M+ structured • Zero defaults • Tier-1 institutions embedding us in their workflows Services: Credit intelligence & monitoring | Primary market structuring | Secondary market infrastructure
early stageCapital Markets
Shareholder / Advisor
May 2020
Nossa tecnologia digitaliza a aquisição de projetos e produtos arquitetônicos, com soluções diversificadas e transparência. Empoderamos o cliente para fazer as melhores escolhas, com segurança e tranquilidade, como toda jornada de reforma deve ser. -- Our technology streamlines the acquisition of architectural projects and products, offering diverse solutions with transparency. We empower clients to make the best choices with confidence and predictability, just as every renovation journey should be.
Angel Investor & Board Member
Jul 2016
Exit para empresa Loft no fim de 2019 -------------------------------------- Spry é uma startup brasileira focada em gerar inteligência através de coleta de dados primários do mundo offline Hoje temos uma base de mais de 23 mil agentes de campo em 2700 cidades, permitindo a coleta de dados de campo com eficiência, capilaridade, velocidade e segurança. Trabalhamos com 3 principais verticais: Gestão de PDV: ferramenta para visibilidade de micro-pdv e inteligência para gestão de distribuidores: * Nível de entrega de serviços prestados ao PDV pela cadeia indireta (logística, visita de venda, manutenção, etc); * Informações do PDV (mix, concorrentes, preço, ruptura, material promocional, etc); * Satisfação do PDV com serviços da indústria (medimos a saúde da relação com a marca). Public Affairs: ferramenta para monitorar o impacto de associações e ouvir a opinião pública. * Direcione seus programas para acompanhar as tendências da população; * Mensure e comprove o impacto de seus investimentos sociais para dar segurança para seus doadores e/ou associados; * Use fatos reais sobre a opinião da população para criar argumentos. Real Estate: ferramenta para direcionar o investimento em loteamento no mercado imobiliário * Estudo de localização, demanda e concorrência; * Definição de preço e produto; * Perfil/Hábitos para direcionar campanha de marketing. Trabalhamos com pesquisas de mercado tradicionais presenciais e telefônicas: * Tracking de marca; * Tracking de advertising; * Teste de conceito in-loco; * Definição de personas; * Definição de shopper. E também outras demandas ad-hoc.
early stageMarket Research
Experience · 7 entries
All (7)
Investments (3)
Founder (2)
Board (1)
2025
Co-founder & Managing Director
Aug 2025
Rearden Digital develops and operates high-performance data center infrastructure for digital asset processing across Latin America. THE OPPORTUNITY Were solving one of the energy industrys biggest problems: renewable energy curtailment. When solar and wind generate more power than the grid can absorb, this clean energy goes to waste. In Brazil alone, renewable curtailment is projected to waste R$6.6 billion and 14.6 TWh in 2024-2025. Our solution: Transform this stranded energy into economic value through intelligent, flexible computing infrastructure. OUR APPROACH We combine three critical advantages: - Intelligent Energy Strategy: Long-term, low-cost power contracts with renewable producers, creating predictable economics and converting waste into revenue - Geographic & Operational Excellence: Strategic locations with favorable climate and regulatory frameworks, reducing costs and ensuring operational efficiency - Proven Execution: Off-grid infrastructure that eliminates grid dependency, ensuring stability and uptime MARKET POSITIONING Starting with Bitcoin mining infrastructure, were positioned to expand into broader high-performance computing (HPC) and AI workloads as the market evolves. Our flexible infrastructure can adapt to multiple computational demands while maintaining operational excellence. THE TEAM Rearden Digital is a joint venture between: - C25 Capital: Founders with 20+ years at Merrill Lynch, BTG Pactual, Santander. Deep expertise in finance, M&A, and capital markets. - Infinita: 7+ years operating digital asset infrastructure in LATAM. Managed 15MW, 5,000+ computing units, and generated substantial returns through multiple market cycles. Successfully exited in 2024. This combination creates a purpose-built entity merging financial sophistication with proven operational excellence. OUR THESIS Digital assets represent a fundamental shift in global finance. The infrastructure supporting this ecosystem requires operational sophistic
2024
2022
Angel Investor
May 2022
Brazils private credit market is $365B but should be $1T. The gap isnt demand—its economics. Deal analysis is largely fixed-cost: a $5M transaction can consume 30%+ of year-one revenue in underwriting costs alone. Mid-market assets are invisible to institutions not because theyre bad credits, but because theyre uneconomical to analyze. We fix the unit economics. What we do: AI-powered infrastructure that makes mid-market credit investable at scale. - AI-powered credit intelligence — Screening, structuring, and monitoring at 1/10th the cost of manual analysis - Licensed execution rails — CVM 161 (coordinated offers) • DTVM (primary/secondary) • ANBIMA compliant - Neutral infrastructure — No balance sheet, no conflicts. We enable transactions; we dont compete for them. Why it matters: 60% of our borrowers are first-time institutional issuers. These arent deals we took from banks—theyre transactions that couldnt exist before. We expand the market rather than redistribute existing volume. $90M+ structured • Zero defaults • Tier-1 institutions embedding us in their workflows Services: Credit intelligence & monitoring | Primary market structuring | Secondary market infrastructure
early stageCapital Markets
2020
Shareholder / Advisor
May 2020
Nossa tecnologia digitaliza a aquisição de projetos e produtos arquitetônicos, com soluções diversificadas e transparência. Empoderamos o cliente para fazer as melhores escolhas, com segurança e tranquilidade, como toda jornada de reforma deve ser. -- Our technology streamlines the acquisition of architectural projects and products, offering diverse solutions with transparency. We empower clients to make the best choices with confidence and predictability, just as every renovation journey should be.
2017
Co-Founder
Oct 2017
Crypto Currencies Mining & Investments
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Investment activity
2016–2022 · 3 investments
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