Uruguay’s Kaszek Ventures, Brazil’s Monashees seek to raise combined $750 million for new funds. These plans come on the heels of SoftBank saying in March it intends to invest $5 billion in technology companies in the region.
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Latin American Venture Firms Angle for Slice of Global Funding Boom
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VCs are reaching for Latin America as they pan around the world for growth opportunities. To date, Latin America hasn’t been caught up in the exuberant increases in startup valuations and venture funding that has swept the U.S., China and elsewhere in recent years. “Back in 2012, there was almost nothing,” said Mr. Furio, of Creditas. “We didn’t have a co-working space, or seed funds or angel investing. Today it is a booming market.”
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