Two startups from the AMAZ Impact Accelerator portfolio stood out in the 2025 edition of Exame Business Ranking in Expansion, in the R$ category, with annual revenues of 5 to 30 million: Navegam, which revolutionizes mobility in the Amazon by digitalizing the sale of river tickets and facilitating access between riverside municipalities, and Mahta, which combines science and ancestral knowledge to create superfoods that regenerate both the human body and the Amazon biome.
The nationally recognized selection, conducted by Exame magazine in partnership with BTG Pactual, evaluates high-growth companies based on the percentage change in Net Operating Revenue (NOR). Navegam and Matha are part of the select group of 470 fastest-growing businesses in Brazil and have already been ranked in previous editions. In 2024, Matha ranked 3rd in this revenue bracket, and Navegam also appeared in the 2023 ranking and will return in 2025 as a benchmark in the river logistics sector in the Amazon—one of the greatest challenges in our region.
For Navegam CEO Michelle Guimarães, being in the ranking is a great opportunity to showcase the work developed by the startup, as well as inspire other entrepreneurs.
"I've had a very special relationship with Exame, dating back to the 2000s, when I was 15. I was a subscriber and dreamed of one day being featured in the magazine in some way. And today, 25 years later, my company, along with my partners and all the history we carry, is featured in Exame, in the "Burgeoning Businesses" ranking. It's a tremendous recognition," said the impact entrepreneur.
According to Mahta CEO Max Petrucci, the company's appearance on the list highlights the startup's continued evolution and reinforces the importance of business models that combine innovation, purpose, and sustainability at all stages of growth.
"For Mahta, the greatest recognition is demonstrating that it's possible to grow rapidly without compromising our commitment to social and environmental impact. While many companies see this as an obstacle to growth, for us, this mission is what drives us and defines the value we deliver to society," said Petrucci.

Amaz's role in this journey
The presence of Mahta and Navegam in Exame's ranking also highlights the role of Amaz Aceleradora in the growth journey of these businesses. Created by the Amazon Conservation and Sustainable Development Institute (Idesam), Amaz's mission is to foster companies that have a positive socio-environmental impact and are born from the needs and potential of the Amazon region.
For Gabriela Santos, New Business Leader at Idesam, the national recognition of both startups demonstrates that it's possible to combine innovation, scale, and commitment to the region. She highlights Mahta's consistent growth trajectory and its evolution even in challenging situations, combined with an impact model based on environmental regeneration and the appreciation of sociobiodiversity.
"Mahta stands out for co-creating solutions that respect traditional knowledge, strengthen value chains with communities, and bring science to the center of positive impact. It's a business that transforms lives and territories through food and standing forests," he highlighted.

In the case of Navegam, which appeared in 11th place in the overall ranking, Gabriela highlighted the relevance of a solution built based on direct experience in the Amazon.
"Navegam connects previously invisible communities and locations, providing access to goods, services, and opportunities through rivers. Operating in one of the region's biggest bottlenecks—logistics—it has established itself as the only company with sufficient reach and experience to make river logistics more accessible. Amaz invests in this thesis because we believe in its transformative potential, which goes far beyond the movement of goods, but also in the expansion of rights, inclusion, and dignity in the deep Amazon," he concluded.

Text: Maxi Media Communication




