LAVCA | The Association for Private Capital Investment in Latin America
  • About
    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact
  • Members
    • Membership Benefits
    • Current Members
    • Member Access
  • Education & Programs
    • About
    • LAVCA Week
    • Calendar & Past Programs
    • LAVCA Education
  • Research & Directories
    • LAVCA Research
    • Industry data
    • LP Survey
    • Directories
  • ESG & Impact
    • Deal Book
    • LAVCA ESG Deal Awards
    • Impact Report
    • ESG Guidelines
  • Articles
    • Featured Articles
    • Industry News
  • VC
  • Member Login
  • Member Access

LAVCA | The Association for Private Capital Investment in Latin America

A non-profit member organization

  • About
    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact
  • Members
    • Membership Benefits
    • Current Members
    • Member Access
  • Education & Programs
    • About
    • LAVCA Week
    • Calendar & Past Programs
    • LAVCA Education
  • Research & Directories
    • LAVCA Research
    • Industry data
    • LP Survey
    • Directories
  • ESG & Impact
    • Deal Book
    • LAVCA ESG Deal Awards
    • Impact Report
    • ESG Guidelines
  • Articles
    • Featured Articles
    • Industry News
  • VC

Invest Rio Commits R$10M to VC Fund, Burrill Brasil 1 (em português)

11 October 2011

(Valor Economico) October 11, 2011 – Invest Rio, the development agency of Rio state, committed R$10M (approximately US$5.8M) for shares in Burrill Brasil 1, the venture capital fund formed by U.S. asset manager Burrill & Company in May of this year. The fund aims to invest in emerging Brazilian biotech companies.

 
Invest Rio aplica R$10M no fundo Burrill Brasil 1

(Valor Economico) 11 de outubro de 2011- A Invest Rio, agência de desenvolvimento do Estado do Rio de janeiro, subscreveu esta semana cotas no valor de R$ 10 milhões no fundo de “venture capital” Burrill Brasil 1, constituído em maio deste ano pela gestora de recursos americana Burrill & Company. O fundo destina-se a investir em participações acionárias de empresas emergentes brasileiras da área de biotecnologia.

Já são cotistas do fundo o Banco Nacional de Desenvolvimento Econômico e Social (BNDES), a Financiadora de Estudos e Projetos (Finep), o Banco Interamericano de Desenvolvimento (BID), por intermédio do Fundo Multilateral de Investimentos (Fumin), a Cooperación Andina de Fomento (CAF) e o laboratório Pfizer, entre outros.

Segundo Claudio Moraes, chefe do departamento de renda variável da Invest Rio, os R$ 10 milhões serão aplicados pelo fundo Burrill em empresas do Rio de Janeiro, com o compromisso de empenhar  esforços para dobrar o volume de aplicações do fundo em empresas emergentes de biotecnologia fluminenses, alcançando R$ 20 milhões.

Ainda de acordo com Moraes, os chamados “investidores líderes” do fundo, entre os quais se inclui a agência do Rio, farão parte do Comitê de Investimentos do Burrill Brasil 1, instância decisória das aplicações do fundo. Ele avalia que o portfólio do Burrill deverá começar a ser constituído no final deste ano ou começo de 2012.

A Burrill & Company é uma gestora com mais de US$ 1 bilhão de recursos administrados nos Estados Unidos, principalmente, e em outros países do mundo. O Burrill Brasil 1 nasceu com meta de alcançar um “funding” total de US$ 200 milhões para aplicação em empresas jovens e inovadoras de áreas como saúde humana, saúde animal, biocombustíveis, produtos alimentícios e outros. De acordo com Moraes, o fundo já dispõe de R$ 190 milhões.

Por Chico Santos

Invest Rio Commits R$10M to VC Fund, Burrill Brasil 1 (em português) was last modified: October 14th, 2011 by Editor
BiotechBrazilFundraisingVenture Capital
0
Facebook Twitter Google +

Tech Growth Membership

The 2023 LAVCA Startup Founders Survey is made possible thanks to the support of LAVCA’s Tech Growth Membership, a group of leading tech companies and investors advancing the tech ecosystem in Latin America including AWS, Mercado Libre, Microsoft, Qualcomm Ventures, SVB, Riverwood Capital, Google and Movile.

VC Partner Events

    Tweets

    Missing consumer key - please check your settings in admin > Settings > Twitter Feed Auth

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to [email protected].

    VC Industry News

    • Valor Capital Group Leads USD20m Series B for Mexico’s Nexu

      17 October 2023
    • KASZEK Leads USD16.5m Round for Colombia’s Bia

      9 October 2023
    • Valor Capital Group and NFX Co-Lead USD9.3m Series A for Brazil’s Praso

      30 August 2023
    • EQT Growth Leads USD85m Series F for Brazil’s Gympass at USD2.2b Valuation

      23 August 2023
    • Tiger Global Leads USD61m Series B for Brazil’s Nomad 

      22 August 2023
    • NASZCA and IDB Invest Lead USD15.5m Series A for Mexico’s Wonder Brands

      17 August 2023
    • Victory Park Capital Provides USD100m Credit Facility for Mexico’s Klar

      15 August 2023
    • General Catalyst Lead USD45m Series B for Brazil’s Tractian

      7 August 2023
    • General Catalyst Leads USD45m Round for Brazil’s Tractian

      7 August 2023
    • ADQ Provides USD100m In Convertible Debt to Brazil’s Loft

      2 August 2023

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Office

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10018

    Explore LAVCA.org

    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2020 - LAVCA. All Rights Reserved.


    Back To Top