- 500 Startups was created in 2010 and, since its foundation, has invested in 2,300 companies in 75 countries;
- The new fund is called Brazil Hub.
The 500 Startups fund, based in the United States, announced, at a Credit Suisse event, the creation of its first exclusive fund for Brazil. According to Neofeed, $10 million were raised to bet on the Latin American country that created 14 unicorns since 2017.
500 Startups was created in 2010 and, since its foundation, has invested in 2,300 companies in 75 countries. In Brazil, 44 investments were made, in a total of $5.5 million. Conta Azul, VivaReal, Magnetis and Descomplica are among the startups invested by 500 in Brazil.
The new fund, called Brazil Hub, will have as its mission not only to invest in companies that are in the so-called early stage (early stages) or have already gone through their first rounds, but also to promote the exchange of experiences between entrepreneurs from different places in the world.
*The previous version of this note contained erroneous values regarding the volume raised by Brazil Hub fund and also about the amount already invested by 500 Startups in Brazil.