Brazilian VC firm monashees aims to raise US$280 million for its newest fund

Contxto – Somebody has big investment plans in the near future, and that someone’s name is monashees. Recently, this VC firm from São Paulo filed to raise a new fund with the U.S. Securities Exchange Commission (SEC) on the first of this month. 

In a nutshell, this document revealed monashees’ intentions of raising US$280 million within the next 12 months for its latest investment fund.

This would be its ninth fund after monashees VIII closed US$150 million last year. Back then, its capital base stemmed from various entities such as family offices, foundations, funds and entrepreneurs. Disclosed names included Brandywine Trust Group, Instagram’s Mike Krieger, Horsley Bridge Partners, among others

monashees’ portfolio

As we’ve previously discussed, monashees has worked alongside a variety of Latin American and international startups since being established in 2005. Founders were Fabio Igel, Rossignol do Brasil and Eric Archer.

A quick dive into its website and you’ll quickly notice monashees has been an active investor in some of Latin America’s most noted startups such as 99, Nowports, Loggi and Rappi. Most recently, it invested in idwall last month. It’s also worth taking note that every portfolio company showcases tech-centered components.

Sources report that this venture firm has raised over US$430 million across its funds and it boasts over 50 businesses in its portfolio. Likewise, monashees has partnered with various global investors, gradually helping its portfolio companies raise over US$2 billion.

So which VC firm from Latin America dominates the startup scene? At a rough glance, no doubt monashees along with Kaszek Ventures are definitely big players. But let’s hope there will be more soon.

My guess is that as startups continue to mature, become profitable and scale, they’ll end up investing in smaller ventures. In turn, these developing startups will grow and then repeat the cycle. Thus, slowly but surely, the regional ecosystem shall thrive.

-ML