Brazil’s Base Partners closes $135M for LatAm growth fund

LatAm ListBase Partners, a growth-stage VC fund based in São Paulo, recently announced they had raised over $135M for a Latin America-focused fund. Its previous $75M growth fund has already been fully deployed in international companies such as Netskope, Docker, Stripe, and ByteDance, among others.

Base Partners is led by Fernando Spnola and Arthur Mizne and backed by over 43 limited partners. Both founders started their careers in traditional finance, including working with Brazil’s wealthiest families, before heading into venture capital.

Brazil’s startup and investment ecosystem have been growing rapidly in the past four years, raising almost $2B in VC funding in 2018. These rounds were led by Brazilian giants such as Nubank (a Base Partners portfolio company), Gympass, Loggi, iFood, and Creditas.

Base Partners will be competing against large funds such as Kaszek Ventures, Monashees, and Softbank to participate in Brazil’s best expansion stage deals.

Read more in Crunchbase News.

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