Monashees, a Brazilian VC firm with global operations, is raising $700 million to invest in Latin American companies via two new funds.
Each fund will have $350M to invest. One will focus on recently launched startups and the other one will select companies in a growth stage.
Monashees’ new fundraising is timely, as there has been a growing interest to invest in Latin America’s tech sector.
In 2020, $4,1 billion of venture capital were invested in the continent, exceeding the $3,3 billion destined to Southeast Asia and capital invested in Africa, the Middle East and Central Europe combined, according to the Global Private Capital Association.
Monashees was founded in 2005 by Eric Acher and Fabio Igel. Some of the companies included in its investment portfolio are four unicorns: Rappi, from Colombia, and Brazilian companies Loggi and MadeiraMadeira.