Source:https:\/\/techcrunch.com\/2023\/06\/07\/positive-ventures-impact-fund-venture-capital\/<\/a><\/br>
\nPositive Ventures\u2019 new impact fund will be triple its flagship fund<\/br>
\n2023-06-07 22:16:29<\/br><\/p>\n

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Positive Ventures<\/a>, a S\u00e3o Paulo\u2013based venture capital firm, secured $25 million in capital commitments for its impact fund. This represents a tripling of its previous fund, raised three years ago<\/a>.<\/p>\n

The firm, which also has an office in San Francisco, invests at the pre-seed and seed stages in Latin American founders building tech-driven solutions in climate change, education, healthcare and financial services in underserved communities.<\/p>\n

Andrea Kestenbaum, partner and CEO, told TechCrunch that this new fund represents a tripling of its assets under management in less than two years, which amounts to an aggregated market value of $1 billion.<\/p>\n

F\u00e1bio Kestenbaum, partner and chairman, said in an interview that backing the new fund is a group of limited partners, including large institutional investors and family offices, as well as Fabio Barbosa, CEO of Natura & Co.<\/p>\n

From its flagship fund, Positive Ventures invested in such companies as carbon credit provider Pachama<\/a> and social commerce startup Favo<\/a>, pioneering the social commerce revolution in Latin America.<\/p>\n

By last October, the firm had raised $20 million of the second fund<\/a> and co-led, alongside Collaborative Fund, in the pre-seed round of Ruuf<\/a>, a Chilean marketplace connecting homeowners, solar panel installers and lenders.<\/p>\n

More recently, it invested in Apprenty<\/a>, which provides shipping high-quality apprenticeship programs that combine work, training and community in Brazil.<\/p>\n

Overall, with the new fund, Positive Ventures intends to invest in between 20 and 25 companies at the pre-seed and seed levels, F\u00e1bio Kestenbaum said. Average check size for a pre-seed company will be around $250,000, and for seed rounds, $600,000. The firm is also exploring minority stake opportunities where it will take between 5% and 10%.<\/p>\n

\u201cWe want to team up as early as possible to develop a nice acumen, business-wise and impact-wise, and be super founder-centered,\u201d he added. \u201cWe\u2019re gonna double down on climate investing, AI and all the nature-based solutions popping up especially since Latin America is the world\u2019s hotspot for nature-based solutions and carbon, so we really want to be first movers here.\u201d<\/p>\n<\/p><\/div>\n

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Science, Tech, Technology<\/br>
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\nSource:https:\/\/techcrunch.com\/2023\/06\/07\/positive-ventures-impact-fund-venture-capital\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/07\/positive-ventures-impact-fund-venture-capital\/ Positive Ventures\u2019 new impact fund will be triple its flagship fund 2023-06-07 22:16:29 Positive Ventures, a S\u00e3o Paulo\u2013based venture capital firm, secured $25 million in capital commitments for its impact fund. This represents a tripling of its previous fund, raised three years ago. The firm, which also has an office in San Francisco, invests […]<\/p>\n","protected":false},"author":1,"featured_media":34567,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-34566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\n