São Paulo, Brazil-based venture capital firm Redpoint e.ventures has closed its first fund at US$130m.
Formed as a joint venture between Redpoint and e.ventures, the firm focuses on providing Brazilian startups with seed, Series A and Series B funding, best practices and access to its global network of investments across the U.S., Europe, China, Japan and Russia.
Its focus is on consumer Internet, mobile, media and cloud services.
The fund, which is managed by founding partners Yann de Vries and Anderson Thees, has already made five active investments:
- Grupo Xango,
- Shoes4you and
- Sophie & Juliete.
05/03/2012: Redpoint and eVentures Partner to Create New Venture Capital Firm in Brazil