LAVCA | Latin American Private Equity & Venture Capital Association – Caravela Capital Reaches First Close for Latin America-focused Early Stage Fund
Caravela Capital Reaches First Close for Latin America-focused Early Stage Fund
2023-02-21Brazil-based venture capital fund Caravela Capital reached a first close of its early-stage Latin America-focused fund Caravela Capital II with a USD50m target. The fund’s first investment includes Franq Open…
Brazil-based venture capital fund Caravela Capital reached a first close of its early-stage Latin America-focused fund Caravela Capital II with a USD50m target. The fund’s first investment includes Franq Open Banking, a digital platform that empowers personal bankers with financial products from over 50 institutional organizations.
Caravela was founded in 2019 and has invested in 24 companies. The first fund reached a USD20m close and has invested in companies such as Caju, Mottu, Logcomex and Emcasa.
was last modified: February 22nd, 2023 by Mansi Patel
Caravela Capital Reaches First Close for Latin America-focused Early Stage Fund
