G2D Investments, Ltd.
G2D Investments, Ltd. is a company incorporated in Bermuda on 27 July 2020. The registry data synced to this profile records the entity’s status as active, with company number 55744 on file with the Bermuda Registrar of Companies, and a registered office at Rua Burnaby 16, Hamilton, Bermuda, matching the address stated in the company’s own audited financial statements filed with Brazil’s securities regulator.
G2D Investments, Ltd. operates as an investment holding company that invests in technology and high-growth businesses in Brazil, the United States and Europe. Under International Financial Reporting Standard 10, the company is classified as an investment entity: it measures its holdings at fair value rather than consolidating them into group accounts, and it has no employees of its own, having delegated investment-management functions to an external manager under a ten-year agreement signed in 2020.
The company’s ordinary shares have been listed on the Bermuda Stock Exchange’s Mezzanine Market (ISIN BMG418171002) since 13 May 2021. Its Class A shares back Brazilian Depositary Receipts that have traded on B3, the São Paulo exchange, under the ticker G2DI33 since 2021, with Banco Bradesco acting as the depositary institution.
G2D Investments, Ltd.’s reported investment portfolio, described in its financial statements for the period ended 31 December 2020, comprised minority equity stakes in Brazilian and international technology companies, including Blu Meios de Pagamento S.A. (24.3%), The Craftory Limited (16.4%), Quero Educação (3.2%), CERC – Central de Recebíveis S.A. (3.4%) and Sim;paul (5%), plus fund investments through Expanding Capital. On 1 February 2021 the company made a further investment of approximately R$13.6 million in 2TM Participações S.A., the holding company of the Mercado Bitcoin cryptocurrency exchange platform.
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Shareholders
G2D Investments, Ltd. discloses its shareholder base through two channels: its audited financial statements filed with Brazil’s securities regulator and its own investor-relations “Ownership Breakdown” page. At incorporation, the company’s audited financial statements for the period ended 31 December 2020 recorded three direct shareholders of its ordinary shares: GP Cash Management, Ltd. (55%, 36,598 thousand shares), Spice Private Equity (Bermuda), Ltd. (25%, 16,291 thousand shares) and GPIC, Ltd. (20%, 13,137 thousand shares). Following the company’s May 2021 listing of Brazilian Depositary Receipts on B3 under ticker G2DI33, its share capital was restructured into Class A shares (which back the BDRs) and Class B shares. As of 24 February 2025, the company’s own disclosure reported 105,279,851 total Class A and Class B shares outstanding, of which shareholders classified as “controlling shareholders” held 64.6% of total capital (comprising 100% of Class B shares and 16.9% of Class A shares), with the remaining 35.4% held as free float (83.1% of Class A shares). This later disclosure aggregates the controlling group by percentage rather than naming each individual or entity holder.
Data availability
Partial. G2D Investments, Ltd. is a Bermuda exempted company; Bermuda’s Registrar of Companies does not itself publish a shareholder register for exempted companies. Because G2D Investments, Ltd. lists Brazilian Depositary Receipts on B3, it is subject to Brazilian disclosure rules and publishes an aggregated ownership breakdown distinguishing controlling shareholders from free float, without naming every individual or entity holder. The historical 2020 shareholder list identified above predates the company’s BDR listing and should not be assumed to reflect the current shareholder base.
Sources
Bermuda Stock Exchange – G2D Investments, Ltd. Financial Statements (July 27–December 31, 2020, English translation), https://content.bsx.com/CompanyDocuments/1099939669/G2D%20Financial%20statements%20-%20July%2027%20to%2031%20Dec%202020%20-%20English%20translation.pdf, filed 2 December 2022, retrieved 9 September 2026.
G2D Investments – Ownership Breakdown, https://www.g2d-investments.com/en/corporate-governance/ownership-breakdown/, data as of 24 February 2025, retrieved 9 September 2026.
Bermuda Stock Exchange – Company Details, https://www.bsx.com/company_details.php?CompanyID=1099939669, retrieved 9 September 2026.
Officers
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G2D Investments, Ltd.’s own investor-relations disclosure lists six current board members and one investor-relations officer. The board comprises Fersen Lamas Lambranho (Chairman), Antonio Carlos Augusto Ribeiro Bonchristiano (Chief Executive Officer and board member), Rodrigo Boscolo, Garth Lorimer Turner, Christopher John Tribley and German Pasquale Quiroga Vilardo. Eduardo Lima Coutinho currently serves as the company’s Director of Investor Relations and Legal Representative in Brazil. He replaced Carlos Estellita Cavalcanti Pessoa Filho in that role, a change the company announced in a regulatory notice reported by financial media. The registry data synced to this profile still lists Carlos Estellita Cavalcanti Pessoa Filho as an active Investor Relations Director; this review found that record to be superseded. No appointment dates for the current directors were disclosed in the sources reviewed, and nationality is not stated for any officer in the sources consulted.
Recent officer changes
Eduardo Lima Coutinho was elected Director of Investor Relations and Legal Representative in Brazil, replacing Carlos Estellita Cavalcanti Pessoa Filho, per a company notice reported by financial news outlet Acionista.com.br referencing G2D Investments’ official filing. The exact effective date of this change could not be confirmed from the sources accessed during this review.
Data availability
Partial. Bermuda’s company registry does not publish a full officer register for exempted companies, so this profile relies on the company’s own investor-relations disclosure and third-party reporting of its regulatory notices. Appointment and resignation dates for individual board members were not found in the sources reviewed. Nationality and country of residence are not disclosed for any officer in the sources consulted for this review.
Sources
G2D Investments – Board of Directors, https://www.g2d-investments.com/en/corporate-governance/board-of-directors/, retrieved 9 September 2026.
Acionista.com.br – “G2D INV (G2DI33): Substituição do Diretor de Relações com Investidores e Representante Legal no Brasil”, https://acionista.com.br/g2d-invg2di33-substituicao-do-diretor-de-relacoes-com-investidores-e-representante-legal-no-brasil/, retrieved 9 September 2026.
Group Structure
G2D Investments, Ltd. is not an independent company. Its audited financial statements for the period ended 31 December 2020, filed with Brazil’s securities regulator, state that the company is “indirectly controlled” by GP Investments, Ltd., a Bermuda-incorporated investment company. At incorporation, G2D Investments, Ltd.’s direct shareholders were GP Cash Management, Ltd. (55%), Spice Private Equity (Bermuda), Ltd. (25%) and GPIC, Ltd. (20%); the same filing shows GP Investments, Ltd. holding 100% of GP Cash Management, Ltd. and of GPIC, Ltd., and 63% of Spice Private Equity, Ltd. (the parent of Spice Private Equity (Bermuda), Ltd.). The company’s investment-management functions are delegated to GP Advisors (Bermuda), Ltd., which the same filing describes as a company controlled by GP Investments, Ltd., making it a verified affiliate of G2D Investments, Ltd. under common ultimate ownership. G2D Investments, Ltd. is treated as an investment entity under IFRS 10 and does not consolidate its portfolio holdings; these are recorded as fair-value investments rather than subsidiaries.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| GP Investments, Ltd. | Bermuda | Not disclosed | Ultimate parent (indirect) | Not disclosed (indirect control via intermediate holding vehicles) | Historical (confirmed as of 31 Dec 2020) | 31 December 2020 |
| GP Cash Management, Ltd. | Bermuda | Not disclosed | Immediate parent (historical) | 55% | Historical | 31 December 2020 |
| Spice Private Equity (Bermuda), Ltd. | Bermuda | Not disclosed | Immediate parent (historical) | 25% | Historical | 31 December 2020 |
| GPIC, Ltd. | Bermuda | Not disclosed | Immediate parent (historical) | 20% | Historical | 31 December 2020 |
| GP Advisors (Bermuda), Ltd. | Bermuda | Not disclosed | Affiliate (investment manager, common ultimate parent) | Not applicable (contractual relationship) | Active | 31 December 2020 |
Recent structural changes
On 1 February 2021, G2D Investments, Ltd. acquired an approximate 3.5% shareholding in 2TM Participações S.A., the parent company of the Mercado Bitcoin cryptocurrency exchange, for approximately R$13.6 million. This is recorded in the company’s financial statements as a portfolio investment rather than a subsidiary or group relationship.
Data availability
Historical. The verified group relationships above reflect the company’s shareholding and control structure as recorded in its financial statements for the period ended 31 December 2020, shortly after incorporation and before its May 2021 BDR listing. The registry data synced to this profile stated that no parent, subsidiary or ownership linkage was available for this company; this review found that to be incomplete, since a filed and audited primary source describes G2D Investments, Ltd. as indirectly controlled by GP Investments, Ltd. Bermuda’s company registry does not itself publish beneficial-ownership or group-structure data for exempted companies, and no equivalent post-2021 filing confirming the current parent and shareholding structure was located during this review.
Sources
Bermuda Stock Exchange – G2D Investments, Ltd. Financial Statements and explanatory notes (July 27–December 31, 2020, English translation), https://content.bsx.com/CompanyDocuments/1099939669/G2D%20Financial%20statements%20-%20July%2027%20to%2031%20Dec%202020%20-%20English%20translation.pdf, filed 2 December 2022, retrieved 9 September 2026.
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Frequently Asked Questions
What is G2D Investments, Ltd.?
G2D Investments, Ltd. is a Bermuda-incorporated investment holding company that invests in technology and high-growth businesses in Brazil, the United States and Europe.
Where and when was G2D Investments, Ltd. incorporated?
It was incorporated in Bermuda on 27 July 2020, according to its audited financial statements filed with Brazil's securities regulator.
What is G2D Investments, Ltd.'s registered address?
Rua Burnaby 16, Hamilton, HM 11, Bermuda, per its audited financial statements.
Is G2D Investments, Ltd. listed on a stock exchange?
Yes. Its ordinary shares have been listed on the Bermuda Stock Exchange's Mezzanine Market (ISIN BMG418171002) since 13 May 2021, and its Class A shares back Brazilian Depositary Receipts trading on B3 under the ticker G2DI33.
Who controls G2D Investments, Ltd.?
According to the company's audited 2020 financial statements, G2D Investments, Ltd. was indirectly controlled by GP Investments, Ltd., a Bermuda investment company, through intermediate holding vehicles.
Who manages G2D Investments, Ltd.'s investments?
GP Advisors (Bermuda), Ltd., a company controlled by GP Investments, Ltd., manages G2D Investments, Ltd.'s portfolio under a ten-year investment management agreement signed in 2020.
Who is G2D Investments, Ltd.'s current Director of Investor Relations?
Eduardo Lima Coutinho, who replaced Carlos Estellita Cavalcanti Pessoa Filho in that role, per a company disclosure reported by financial media.
What companies has G2D Investments, Ltd. invested in?
Its disclosed portfolio has included minority stakes in Blu Meios de Pagamento, The Craftory, Quero Educação, CERC – Central de Recebíveis, Sim;paul, Expanding Capital funds, and 2TM Participações S.A., the parent of Mercado Bitcoin.
Does G2D Investments, Ltd. consolidate its portfolio companies as subsidiaries?
No. G2D Investments, Ltd. is classified as an investment entity under IFRS 10 and records its portfolio holdings at fair value rather than consolidating them as subsidiaries.
What is G2D Investments, Ltd.'s current registry status?
The registry data synced to this profile records the company's status as active.
What is G2D Investments, Ltd.'s company registration number?
G2D Investments, Ltd.'s registration number is 55744, filed with Bermuda Monetary Authority / Registrar of Companies in Bermuda. Its current status on the register is active.
Is G2D Investments, Ltd. still an active company?
G2D Investments, Ltd.'s status on Bermuda Monetary Authority / Registrar of Companies is listed as active.
When was G2D Investments, Ltd. incorporated?
G2D Investments, Ltd. was incorporated on 27 July 2020, according to Bermuda Monetary Authority / Registrar of Companies.
Can Zavia monitor changes to G2D Investments, Ltd.'s ownership over time?
This profile reflects a point-in-time snapshot from Bermuda Monetary Authority / Registrar of Companies. Zavia's monitoring API can track changes to G2D Investments, Ltd.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access G2D Investments, Ltd.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Bermuda, so records like G2D Investments, Ltd.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Bermuda Monetary Authority / Registrar of Companies and was last synced on 11 August 2026.