e.bricks Ventures made undisclosed investments in Avenue, a Brazilian investment brokerage bridging US opportunities with Latin American clients; and bro., a Brazilian digital platform for consórcio consumer financing.
(Press Release) e.bricks ventures announces 3 new investments in connection with the first closing of our $100 million’ third fund
São Paulo – February, 2020 – We are glad to announce the completion of 3 new investments with the conclusion of the first closing of our third fund. The transactions include: (i) Acesso Digital, a company pioneer in IDTech and market leader in facial recognition in Brazil; (ii) Avenue, broker that brings investment alternatives and digital accounts in the USA to Latin American clients; and (iii) bro., the first independent and 100% digital platform for consórcio (pre-purchase financing pool typically used for auto and real purchases in Brazil).
According to Pedro Sirotsky Melzer, our founding and managing partner, having already made 30 investments in the first two funds, we are extremely happy to begin the construction of the portfolio of our Fund III with companies that combine extremely qualified entrepreneurs with businesses that are addressing significant inefficiencies in Brazil, which allows us to give our investors the possibility of participating in a fund with companies equipped to become leaders in their respective industries.
According to Márcio Tabatchnik Trigueiro, our managing partner, these new investments reinforce our greatest conviction: of betting on extremely solid teams in building businesses with great market potential.
According to Roberto Lee, founder of Avenue, “in addition to adding to our shareholder base a group that shares our values, e.Bricks through its credibility in the financial environment and its boldness to back pioneer projects that focus on changing consolidated markets, contributes to our journey to build a creative, responsible and globally competitive company “. For Eduardo Rocha, founder of bro., “e.Bricks is a VC fund that supports and values the entrepreneur and, at the same time, has a first-class team that seeks bold, visionary projects that generate relevant impact in society”.
Do not hesitate to reach out to us shall you wish to discuss this further!
Kindest Regards,
e.bricks Ventures
