Brazil Attracting More Venture Capital

07/23/2012

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Brazil has been on the radar of venture capital for several years.  Firms including Accel and Benchmark have invested in Brazil technology companies; Atomico has opened an office there and Sequoia is rumored to be in the process of opening an office there as well.   Redpoint e.ventures, a joint venture between Redpoint Ventures and e.ventures, has announced that it has close on  have raised a $130 million fund to focus on early-stage Brazilian technology companies.

Why Brazil?
  • 6th largest global economy
  • Largest and most populous country in South America
  • Rapidly growing middle class
  • Rising entrepreneurial activity
  • High internet adoption and engagement



Articles:
"Venture Capital Firms Jump Into Brazil After Years of Testing Water":  Bloomberg
http://go.bloomberg.com/tech-deals/2012-07-23-venture-capital-firms-jump-into-brazil-after-years-of-testing-water/ 

"Sequoia Capital Said to Be Expanding to Brazil:  NY Times DealBook  
http://dealbook.nytimes.com/2012/05/23/sequoia-capital-said-to-be-expanding-to-brazil/ 

Redpoint e.ventures press release:  
http://redpoint.com/files/news/rpev_pr__july_20_final.pdf
 
Prior posts on Brazil:
http://www.allenlatta.com/1/post/2012/03/redpoint-eventures-new-brazil-venture-firm.html

http://www.allenlatta.com/1/post/2012/02/atomicos-brazil-foray-ny-times-dealbook.html 

http://www.allenlatta.com/1/post/2012/02/entrepreneurship-in-brazil.html 

http://www.allenlatta.com/1/post/2011/11/jim-breyer-interview-on-techcrunch.html  


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Redpoint eVentures - New Brazil Venture Firm

03/06/2012

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Redpoint Ventures and eVentures have announced the formation of a new Sao Paolo-based venture capital firm, Redpoint eVentues, that will invest in Brazilian internet companies.  eVentures is affiliated with BV Capital.  Here's the press release from BV Capital:   http://www.bvcapital.com/news/2012/03/redpoint-and-bv-capitals-eventures-launch-redpoint-eventures-a-new-venture-capital-firm-addressing-brazils-tech-market/

According to a Venture Wire article found on Redpoint's website, the firm will invest out of existing funds of Redpoint and eVentures, and will make early-stage investments in consumer internet, e-commerce, mobile, media and cloud service companies.  Here's a link to the Venture Wire article (.pdf from Redpoint's website):  http://redpoint.com/files/news/venture_wire_-_brazil.pdf 

Investing in Brazil has garnered lots of attention lately.  Here are links to prior posts on Brazil:  
http://www.allenlatta.com/1/post/2012/02/atomicos-brazil-foray-ny-times-dealbook.html 

http://www.allenlatta.com/1/post/2012/02/entrepreneurship-in-brazil.html 

http://www.allenlatta.com/1/post/2011/11/jim-breyer-interview-on-techcrunch.html 

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Atomico's Brazil Foray: NY Times DealBook

02/26/2012

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Atomico, the London-based technology venture capital firm founded by a co-founder of Skype, is making investments in Brazil and has opened an office there, according to a recent article in NY Times DealBook.  The article "Venture Firm Seeks the Atypical, and Finds it in Brazil" discusses Atomico's strategy in Brazil and the types of tech companies in which it invests.  Interesting reading.  Here's the link:   http://dealbook.nytimes.com/2012/02/23/venture-firm-seeks-the-atypical-and-finds-it-in-brazil/

Atomico recently issued a press release on its Brazil investments.  Link:  http://www.atomico.com/news/uncategorized/atomico-announces-first-investments-in-brazil/ 
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Entrepreneurship in Brazil

02/23/2012

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"Entrepreneurial activity is on the rise in Brazil and spreading into new industries."  This is the opening sentence to an interesting post by Mark Boslet on peHUB "Entrepreneurship is Growing Up in Brazil and So Are Investment Opportunities."  The posting goes on to discuss how Brazilian entrepreneurship is moving from software into new sectors and identifies investors targeting companies in Brazil, including Accel Partners.

Jim Breyer of Accel Partners discussed Brazil in a video interview last year, which can be found in a prior post here:  http://www.allenlatta.com/1/post/2011/11/jim-breyer-interview-on-techcrunch.html 

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Jim Breyer Interview on TechCrunch Discussing Media Investing, IPOs and Brazil

11/20/2011

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Jim Breyer is a partner at Accel Partners, President of Accel Management Company and serves on the board of directors for Wal-Mart, Dell and News Corp, to name a few.  Jim was interviewed by Erick Schonfeld of TechCrunch at Techonomy 2011 inTucson.  Jim is a very accomplished venture investor, and I found this video interview (in three parts) to be very interesting.

Here are the links to the video clips:

Interview Part One, focusing on media investing:  http://techcrunch.com/2011/11/19/jim-breyer-media/

Interview Part Two, focusing on IPOs:  http://techcrunch.com/2011/11/20/jim-breyer-ipos/

Interview Part Three, focusing on entrepreneurs, Brazil and competition for deals:   
http://techcrunch.com/2011/11/20/jim-breyer-best-time-to-be-entrepreneur/


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