Welcome to our Tech Roundup, where we bring you the biggest stories in technology and innovation in Brazil and Latin America. This week: A bioeconomy fund to foster tech-based businesses in the Amazon rainforest.
USD 30 million boost for the Amazon’s bioeconomy
The Brazilian asset manager KPTL (pronounced “capital”) has just launched its first international venture capital fund, targeting the bioeconomy across seven Latin American countries that make up the Amazon rainforest: Brazil, Bolivia, Colombia, Ecuador, Peru, Guyana, and Suriname.
The fund, called Amazonia Regenerate Accelerator and Investment Fund, is a partnership with Kaeté, a private equity firm committed to sustainable investments targeting low-income communities.
Context. The fund emerged from a conversation two years ago between KPTL CEO Renato Ramalho and Kaeté founder Otávio Ottoni. “We realized we could take this off the ground by bringing Kaeté’s regional knowledge and KPTL’s VC expertise,” Mr. Ramalho tells The Brazilian Report.
Backdrop. Impact investing has long been part of KPTL’s DNA. With more than USD 1 billion under management, KPTL has managed the Environmental Innovation Fund (FIMA), created by Brazil’s National Development Bank (BDNES), since 2013.
- In 2022, KPTL also partnered with mining company Vale to...
Search
