Brazilian venture capital firm monashees closed its new fund totaling US$150m.
The capital base of monashees VIII, LP, includes international endowments, foundations, family offices, funds, and entrepreneurs, such as Brandywine Trust Group, S-Cubed Capital, Temasek, CreditEase, IDG, Mike Krieger, Horsley Bridge Partners and the University of Minnesota, as well as fifteen high net worth Brazilian families and groups.
The fund will support early stage investments in high-growth technology startups in the LatAm region.
Areas of particular focus include:
– transportation and logistics,
– financial services, and
Monashees will look to back founding teams early on, at the inflection point of product-market fit. The firm has a proven track record of identifying top entrepreneurial talent and helping founders scale the business and navigate critical and defining moments, whether acting as a strategic sounding board, supporting leadership recruiting, connecting with potential partners or raising follow-on financing.
Led by Fabio Igel, partner and co-founder, and Eric Acher, managing partner and co-founder, Carlo Dapuzzo, partner, monashees is the largest and most active venture capital firm in Latin America (LatAm) with more than US$430 million raised across its funds and over 55 active companies. Portfolio companies have raised more than US$2 billion from top global investors after partnering with monashees.
Backed companies include Rappi, Pipedrive, Loggi, Neoway, ContaAzul, Enjoei, Neon, MadeiraMadeira, Ualá, Yellow and Grupo Zap, among others.