Draper Cygnus Wins Support in Argentina – LAVCA

Congrats to LAVCA members NXTP Labs, Draper Cygnus, and Jaguar Ventures for selection by the government of Argentina’s Fondo Fiduciario para el Desarrollo de Capital Emprendedor (FONDCE) to receive US$12 million each in funding.

Mariano Mayer, National Secretary for Entrepreneurs and SMEs at the Ministerio de Producción, announced the winners at the inaugural Foro Argentino de Inversores on Nov. 29 in Buenos Aires:

“Este fondo es una herramienta que va a servir para democratizar el acceso al financiamiento a todos los argentinos que quieran iniciar su propio proyecto. A partir de ahora, para conseguir inversión sólo hace falta tener un buen proyecto y un buen equipo.”

The following accelerators also received funding: LAVCA members Wayra Argentina, CITES, and NXTP Labs, as well as Globant Ventures, Embarca, Imagine Lab, Glocal, Founders Lab, Incutex, Yavu, Inca Labs, Grid Exponential, and Aceleradora del Litoral.

About Draper Cygnus VC Fund
We invest in supporting extraordinary entrepreneurs who have developed technology and business models that can positively transform our society. Our focus is on Fintech, Food & Agtech, Bio & Nanotech and Cleantech, in Series A and Seed rounds of the most enabling Argentina-founded companies. Cygnus Capital is a Venture Capital firm born in 2013, who invest in top regional talent and world class innovative startups from Argentina to the World. With the experience of having run Cygnus Early Stage Fund I, Cygnus Seed Fund II and Cygnus Angel Club, now we raise Draper Cygnus VC Fund to invest in the subsequent rounds of the best companies in the region.

Read More > http://www.drapercygnus.vc/

Read More > https://lavca.org/2017/11/29/62729/

SOURCE: LAVCA