Back in June, we took an in-depth at the Brazilian tech deal book for the first half of 2012. And now that the third quarter of the year is coming to a close, we decided to look into what’s happened in the country over the last three months.
Perhaps the biggest piece of news to come out of the Brazilian investment community this quarter was the announcement that Redpoint e.ventures had closed a fund worth US$130 million to be dedicated to early-stage startups in Brazil. The largest locally-dedicated fund in the country to date, the organization announced its first investment with the fund just this week, participating in the Series A round of Minuto Seguros.
Redpoint e.ventures, however, hasn’t been the only investment fund making waves in Brazil as of late.