monashees, a Brazilian VC firm, recently revealed that it is planning to raise about $250 Million. Reportedly, this money will be used to invest in startups from Latin America. The firm was founded in 2005 by Fabio Igel and Eric Acher. Since then, monashees has helped numerous popular startups within its budding portfolio such as Rappiand Loggi, Grow, and Neon.
The firm also has financially supported various sectors including agrotech, adtech, e-commerce, data analytics, and so on. Nowports is the most recent startup that received support from monashees when it raised about $5.3 Million in June 2019. It recently showed participation in a $12-million funding round for Frubana, which is a Colombia-based agrotech and e-commerce startup. monashees was also involved in the organization of its fifth fund in November 2018. Reportedly, this fund was valued at about $150 Million and it was the biggest capital the firm ever procured at the time.
On a similar note, the Artemis Fund, a novel female-founded venture capital fund launched in April 2019, disclosed that it has made its foremost investment. Recently, it headed U-Nest’s Seed round that valued at about $2 Million.
As a user-friendly app, U-Nest allows customers to produce a 529 college savings plan. For this, it just needs $25 and the time of less than five minutes. In this round, Band of Angels, The Draper Dragon Fund, and Pasadena Angels also showed their participation. In a news release, Ksenia Yudena, Founder, U-Nest, proclaimed, she is very happy that The Artemis Fund has led the firm’s seed round. She added that the fund worked as an amazing associate that helped to bring lots of value to the firm beyond the money. Yudena stated that in the fundraising process, the fund offered numerous strategic introductions to the advisers and partners helping the firm grow the business.