Boston-based Beamonte Investments announced the first close of Venture Academy Fund, a Mexico and Colombia focused VC fund, with close to US$6m in capital commitments.
(Newsletter) Beamonte Investments announces the first closing of Venture Academy Fund, LP
Boston MA July 18th 2016 – Beamonte Investments (“Beamonte”) a leading private investment firm in Boston, announces the first close of its Venture Fund, Venture Academy Fund,LP ( “VAF”) in June 2016 with close to US$6 million in total capital commitments. The fund is looking to raise a similar amount from international LPs with the aim to hold a second close prior to the end of December 2016 and an additional close before the end of February 2017. The current investor base includes family offices from the United States and the region.VAF will target high-growth startups and ventures that take advantage of market opportunities through online platforms, mobile applications, technology, and others. The fund will focus on Series A investments, as competition is lower in this section of the VC market. The VC market is at a growth stage were VAF can enter and take advantage of the favorable entrepreneurial ecosystem in Mexico and Colombia to generate returns for investors.