Bicycle Capital announced the launch of a $500M later-stage stage fund backed by anchor investors Claure Group, tech billionaire Marcelo Claure’s Family Office, and Mubadala Investment Company.
The fund will invest tickets from 30M to 50M in Series B financing for LatAm startups that have reached product market fit, a proven business model, and strong sales.
Bicycle Capital will partner with a select number of growth-stage companies and help them scale in an ecosystem where large tickets of $20M, $50M, or even $100M make it more difficult for startups to secure funding.
Marcelo Claure and Shu Nyatta, both managing partners of Bicycle Capital, have a strong background in LatAm venture capital at Softbank, where they helped found and manage SoftBank’s $8B Latin America Funds.
Read more on Cision PR Newswire.
