Brazil-based venture capital firm Igah Ventures has secured $130m from limited partners including telecommunications and internet group SoftBank, Bloomberg reported on Friday.
Formed through the merger of VC firms E.bricks Ventures and Joa Investimentos, Igah Ventures provides equity financing for local companies through early-stage rounds. It has made six investments out of the fund and lined up two more set to be announced shortly,
Pedro Sirotsky Melzer, co-founder and managing partner of Igah Ventures, told Bloomberg: “We are hoping to have as much as 17 firms in the fund’s portfolio and deliver back to our investors at least four times the capital they invested.”
