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/PRNewswire/ UOL EdTech, the largest education technology company in Brazil, has announced the expansion of its operations into Latin America with the.
Global investors are not only pouring money into companies. They’re also investing in funds.
Today, Volpe Capital announced the $80 million first close of its fund targeting high growth technology investments in Latin America. Notably, Japanese investment conglomerate SoftBank, BTG and Banco Inter affiliates are anchor investors in the new fund, which is targeting aggregate commitments of $100 million with a hard cap of $150 million. Volpe also received a “large anchor investment” from its management team.
Andre Maciel, Gregory Reider and Milena Oliveira are the fund’s founding partners, and are based in Sao Paulo, Brazil. Notably, Maciel is the former managing partner at SoftBank’s $5 billion Latin America-focused innovation fund. He launched Volpe in 2019 primarily with SoftBank’s backing. Reider formerly invested at Warburg Pincus.