Latin American Venture Capital Association Launches News Platform
In partnership with Telefonica Open Future_ the Latin American Private Equity & Venture Capital Association (LAVCA) launches a News Platform that covers breaking deals, investor perspectives, research, and other curated news from the Latin American venture ecosystem.
Venture investors have deployed over US$2.1 billion in Latin America since 2011, increasing deal activity year-on-year, according to LAVCA’s Latin America Venture Capital Five-Year Trends report. Even in the context of Brazil’s economic downturn, venture capital investors deployed record levels of capital in the country in 2015, with US$594 million invested across 182 deals.
Outside of Brazil, Mexico is the second most active VC market in Latin America, with US$260 million deployed over the past five years; deal flow is up 6X (in US$) since 2011. There is new momentum around deals in Argentina, as well as ongoing activity in the Andean Region (Colombia, Peru, and Chile).
“In addition to the growing VC activity in Latin America, we have seen an uptick in international interest in local startups, an important indication of a maturing ecosystem,” said Cate Ambrose, President & Executive Director, LAVCA.
The LAVCA Venture Investors content platform is made possible with ongoing support from Telefonica Open Future_, and long-time partner the Omidyar Network.
Since 2008, LAVCA has produced comprehensive, and up-to-date data on Latin America VC fundraising, investments, and exits, gathered from primary and secondary sources, including a bi-annual survey. With the support of Omidyar Network and Telefonica Open Future__, data on VC and early stage activity in Latin America is now fully available to the public.
“We are always looking for ways to support entrepreneurial talent and leverage our funds to turn innovative ideas into successful businesses,” said Javier Placer, CEO of Telefonica Open Future_. “Latin America continues to be an important and thriving early stage ecosystem and LAVCA is the perfect partner to engage that audience.”
Julie Ruvolo, Director of Venture Capital Strategy at LAVCA, joined from TechCrunch in early 2016 to spearhead the new platform.
“Given the momentum around venture investment in Latin America, and the fact that the digital population is set to double in the coming years, we wanted to create a dedicated platform to chart that growth trajectory,” said Ruvolo.
LAVCA’s Members are qualified investors and industry professionals in the Latin America PE/VC industry. For information about the core group LAVCA’s venture Members, view the 2016 LAVCA Venture Member Directory and LAVCA’s VC Council.
LAVCA also produces the Venture Investors New York Summit, a one-day event designed to connect the growing community of startup investors in Latin America with US and global VCs. The event takes place at the Tribeca Rooftop on September 29, 2016. Speakers include Facebook, FOMIN, Future\Perfect Ventures, Geekie, Google, KaszeK Ventures, monashees+, Movile, Naspers, Newscorp, NXTP Labs, Omidyar Network, PayPal, Qualcomm Ventures, QED, Redpoint eventures, Silicon Valley Bank, Telefonica Ventures, Valor Capital, WPP.
The Latin American Private Equity & Venture Capital Association (LAVCA) is a not-for-profit membership organization dedicated to supporting the growth of private equity and venture capital in Latin America and the Caribbean. LAVCA’s membership is comprised of over 170 firms, from leading global investment firms active in the region to local fund managers from Mexico to Argentina. Member firms control assets in excess of US$60b, directed at capitalizing and growing Latin American businesses. LAVCA’s mission, to spur regional economic growth by advancing venture capital and private equity investment, is accomplished through programs of research, networking forums, education and advocacy of sound public policy.
PDF Report: https://gcase.files.wordpress.com/2016/08/lavca-venture-capital-report-2016.pdf