Brazil, Easterly Ventures Launches $60M VC Fund with Baidu as Lead Investor

BaiduSão Paulo, Brazil-based Internet investment firm Easterly Ventures launched a new USD $60m venture capital fund.

Chinese language Internet search provider Baidu (NASDAQ: BIDU) is the lead investor in the fund.

Easterly Ventures will focus on providing funding, technology, local traffic and industry expertise to Brazilian tech startups, with the goal of to penetrating national and international markets and building a mobile service ecosystem in Latin America.
The fund plans to invest in as many as 15 startups during its activity period, with the first investment slated for late 2016.



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