Facebook backer turns his attention to Brazil

Sarah McBride and Esteban Israel – Reuters, 06/08/2012

(Reuters) – One of Facebook’s earliest investors has turned his attention to a distant market with a small but lively start-up scene: Brazil.

Kevin Efrusy, the partner at Accel who spearheaded the firm’s initial $12.7 million investment in Facebook back in 2005, has made several new investments in Brazil over the last year or so.

Efrusy, who declined to be interviewed for this article, is perhaps the most ambitious of a growing number of U.S.-based venture capitalists who see opportunity in a country with a large population, a fast-growing middle class, big growth potential and political stability.

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