Vinod Sreeharsha – New York Times Dealbook, 07/23/2012
SÃO PAULO, Brazil — At a time when the Brazilian economy is cooling, at least one Silicon Valley firm is doubling down.
Redpoint e.Ventures announced Monday that it had raised $130 million to invest in early-stage Internet start-ups in Brazil, South America’s largest economy.
The firm, less than a year old, is a joint effort between Redpoint Ventures of Menlo Park, Calif., and BV Capital of San Francisco, which has just renamed itself e.Ventures. Each firm had invested in Brazilian Internet companies separately, including the online travel site Viajanet and Grupo Xango, a tech holding company co-founded by a former Microsoft executive.