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Image Credits:NXTP / NXTP partners, from left, Gonzalo Costa, Alexander Busse, Marta Cruz, Darly Bendo and Ariel Arrieta
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Image Credits:NXTP / NXTP partners, from left, Gonzalo Costa, Alexander Busse, Marta Cruz, Darly Bendo and Ariel Arrieta
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Theventure working capital body process in Latin Americais coming back , and startups there have a newfangled puddle of Das Kapital to go after . NXTP , a venture cap firm investing in other - microscope stage , business - to - occupation startups , fix $ 98 million in capital commitments for its third fund — its largest investment trust to date .
Touting itself as one of the area ’s earliest venture capital firms , NXTP was founded in 2011 by Ariel Arrieta , Marta Cruz and Gonzalo Costa . It has berth in Buenos Aires , São Paulo and Mexico City .
Since that sentence , the firm has seen the growth of the startup ecosystem reflux and flow . Darly Bendo , managing cooperator of NXTP , recalls how fiddling investment funds was made just five old age ago when seat from the firm ’s second fund .
“ The ecosystem was obviously still very nascent at that moment , ” Bendo severalise TechCrunch . “ The yearly investment in the region was still under $ 1 billion of entire capital . In 2020 and 2021 , when it was near to the blossom of the securities industry , a lot of international funds add up in , and we saw that phone number increase to about $ 15 billion of annual investments , almost over a 10x increase from 2018 through 2021 . ”
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like to the rest of the world , in the past few year there was a tapering off of investments , pocket-sized rounds and company taking longer to prove at the growth stage , Bendo said .
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NXTP is also see a shift in experience and quality of the founding father and squad starting unexampled companies in the region . Ten age ago , less than 10 % of founder were second- or third - time enterpriser , with most come from non - technology backcloth , Bendo note . Today , the number of repetition enterpriser is as mellow as 30 % or 40 % , and many beginner have old experience in a technical school fellowship .
What has remained stiff during this time are trend around B2B software and swarm for enterprise and mid grocery store . especially the penetration of workflow software in Latin America , which Bendo say “ is still very much in the early innings . ”
To that point , NXTP seeks out B2B engineering vertical , including cloud and software program , fintech and payments , e - commerce and enablers , B2B marketplaces and datum and AI . Its funds endow at the pre - seed , seminal fluid and Series A stagecoach with substantiation ranging from $ 500,000 to $ 5 million . cap is also being held for follow - on investments .
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To appointment , the firm invested in over 130 company , includingAuth0,NuvemshopandMuralthat have hit unicorn position , with over 30 exit . It has also invested in society like product recommendation platformInventa .
NXTP Fund III represents over a 2x increase from the size of it of its late fund , start the business firm to invest in between 25 and 30 company this prison term around .
A majority of NXTP ’s live limited cooperator back the new store . Those include U.S. and planetary institutional funds , regional fund - of- funds , multi- and single - family offices , high - last - worth individuals and technology founders . Several new global institutional investors joined as well , Alexander Busse , managing partner of NXTP , enjoin in an interview .
Brazil has been a major focal point for the business firm and will preserve to be with the Modern fund as well . More than one-half of NXTP ’s investments have been made in that country with the other half give way into startups in Mexico , Colombia , Argentina , Chile and the ease of Latin America .
The firm has already made some investments from the new fund , with Busse noting one in online defrayal platform Barte and Teachy , an edtech company in Brazil providing an AI - powered platform for teachers to avail with after school work , lesson plan creation and exams .
“ We ’ve had a lot of succeeder within these categories that have very unassailable secular tailwind behind them , ” Busse said . “ They all continue evergreen , at least for now . The market depends on serendipity of an incredible initiation team , potentially moving into one of those spaces and building something where there ’s large chance . We rest open to finding the right teams that are build within those domains . ”
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