In another example of venture capital’s growing interest in Brazil, Intel Capital has announced that it has invested an undisclosed amount in ELike.
American investors and VC firms (like Sequoia and Accel) have begun to turn their attention to Latin America, particularly to one of the region’s fastest growing economies: Brazil. Thanks to skyrocketing Internet penetration, the growing number of B2C eCommerce companies that have popped up over the last year and a population of just under 200 million, Brazil has become an appealing market for entrepreneurs.
Although change is coming fast, many of Brazil’s industries remain offline, plagued by inefficiency and a lack of transparency. So, today, two European entrepreneurs are launching Printi, an on-demand, web-based solution through which they hope to revolutionize the country’s printing market. And they’ve raised $1.2 million from the likes of Palantir co-founder Joe Lonsdale, serial Brazilian entrepreneur Fabrice Grinda and Groupon Brazil co-founder Florian Otto to make it happen.
This morning, Redpoint e.ventures announced that it is the largest early-stage venture capital fund in Brazil. The firm raised $130 million and is the first Silicon-Valley affiliated fund dedicated to the region. This news comes just one week after BV …
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