As reported by Forbes Brazil, Brazilian fund Maya Capital, led by Monica Saggioro and Lara Leman, announced the launch of its second fund, this time for US$100 million. The firm started in 2018 with a US$40 million fund, which was invested in 29 startups in the region, including now unicorns NotCo (Chile) and Merama (Mexico) and important Brazilian startups such as Kovi or Gupy.
“With the new fund, we are capitalized and will continue to look for exceptional founders operating in large markets,” Lara Leman told Forbes Brazil. “We are not going to slow our investment pace. We have a lot of conviction in the region, and we see several sectors with an opportunity to be disrupted through technology.”
Leman added that between 25 and 30 companies would make up the portfolio of this second fund. His partner, Monica Saggioro, told the same publication that despite not filtering by gender, 40% of the companies they support have at least one female founder. She added that they have a lot of conviction in the region, see several sectors waiting to be disrupted through technology, and are looking for exceptional founders who operate in large markets.