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Venture

Monashees, Brazil鈥檚 Biggest VC, Raises $150M For Fund VIII

Today, (which the firm stylizes with a lower-case 鈥渕鈥) it has raised its eighth fund. The $150 million pool of capital is the largest yet raised by the S茫o Paulo-based VC firm, which is the most active startup investor in Latin America (LatAm).

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The firm says it鈥檚 focusing attention on companies working in transportation and logistics, financial services, and the healthcare sector. That鈥檚 reflective of some of its most successful , which include Colombian food delivery startup , ride-hailing firm , and logistics business , which recently snagged $111 million from .

Monashees has raised over $430 million across its funds since its inception, according to the firm. The chart below plots the size of monashees鈥檚 recent funds.

Although Fund VIII is the firm鈥檚 largest to date, it鈥檚 by a fairly narrow margin. Prior to Fund VII, initially filed in late 2014, monashees鈥檚 funds were denominated in Brazilian Reals.1

The firm says Fund VIII鈥檚 capital was sourced from limited partners including co-founder (who originally hails from Brazil), (the family investment office of former managing partner ), , , , , and fifteen high net worth families from around Brazil, among others.

There鈥檚 no serious shift in strategy for the firm. According to a provided by monashees, it 鈥渨ill continue to identify and invest in visionary founders who are

capitalizing on global trends and using technology to solve important problems and address large market opportunities in LatAm.鈥

In prior reporting, 附近上门 News has covered the growing ecosystem of venture-backed companies in Latin America. According to numbers provided by the Latin American Private Equity & Venture Capital Association (LAVCA) back in June, Brazilian startups lead the continent in venture fundraising.

It鈥檚 clear that there鈥檚 momentum in the region, but whether the market accelerates or slows down is to be determined. At the top of the ranks for early-stage deal-making in Latin America, monashees will have an interesting perspective on the market as it continues to evolve.

滨濒濒耻蝉迟谤补迟颈辞苍:听


  1. The firm would include a note in the SEC filings explaining this. For example, in , the firm says the 鈥淥ffering is for interests denominated in Brazilian Reais. Total offering amount is 110,000,000 Brazilian Reais [sic], which converts into U.S. $54,251,332 at the exchange rate in effect on 8/7/2012.鈥

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