10 de março de 2021
SoftBank-backed Volpe Capital raises $80M to invest in LatAm.
In recent years, the tech and venture scene in Latin America has been growing at an accelerated pace. More global investors are backing startups in the region and certain sectors in particular, such as fintech, are exploding.
Global investors are not only pouring money into companies. They’re also investing in funds.
Today, Volpe Capital announced the $80 million first close of its fund targeting high growth technology investments in Latin America. Notably, Japanese investment conglomerate SoftBank, BTG and Banco Inter affiliates are anchor investors in the new fund, which is targeting aggregate commitments of $100 million with a hard cap of $150 million.
Volpe also received a “large anchor investment” from its management team.
Andre Maciel, Gregory Reider and Milena Oliveira are the fund’s founding partners, and are based in Sao Paulo, Brazil. Notably, Maciel is the former managing partner at SoftBank’s $5 billion Latin America-focused innovation fund. He launched Volpe in 2019 primarily with SoftBank’s backing. Reider formerly invested at Warburg Pincus.
Volpe Capital plans to invest in about 15 companies over a two and half year time span, according to Maciel, who expects its average check size to be around $5 billion.
So far, it’s backed Uol Edtech, a subsidiary of Grupo Uol that aims to redefine the digital learning experience in Brazil.