LatAm List – Canary, a Brazilian venture capital firm, recently raised a $75M fund with a focus on Brazilian startups with high growth potential. This round is the firm’s second fund which received funding from local businessmen and tech entrepreneurs, as well as local and international family offices.
Since starting the fund in July, Canary has invested in six of the fifty companies it plans to invest in the next two years. The firm’s average initial check can vary from a few hundred thousand to $3M.
“The idea is to be the first investor in these businesses and then accompany them towards any subsequent investment rounds,” said Marcos Toledo, Managing Partner at Canary.
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