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

https://lavca.org/2023/02/22/caravela-capital-reaches-first-close-for-caravela-capital-ii/

Share the Post:

Related Posts