Angel Ventures raises its third fund for 120 million dollars

June 19, 2022

The Mexican background risk capital Angel Ventures began raising its third fund Latam Fund III and will open an office in Brazil, as part of a redesign of its investment thesis, which now includes the South American giant in the Latin American region and opens financing options to startups that are part of the Latin market in the United States.

Despite an adverse economic environment, with inflationary pressures and an increase in the reference rate of central banks, which has made the price of many technology shares ─a determining factor in the venture capital investments─ drop considerably, the new Angel Ventures fund will have a target size of $120 million.

“We believe that despite the environment, those who really know how to read between the lines will know that Venture Capital is a long-term countercyclical asset; that if you build a portfolio well, you resist the onslaught of exchange rate fluctuations and a whole series of macroeconomic adversities,” said Hernán Fernández, managing partner of Angel Ventures in an interview.

After confirming many of its partners from its two previous funds to raise this third one, the directors of the fund want to have a first closing of the fund in the third quarter of 2022 and close it definitively in the first half of 2023.

Read the complete article on The Canadian News >

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