Igah Ventures reached a US$130m final close for its third fund. The new fund aims to invest in a total of 17 early stage companies in Brazil, according to Igah Founding Partner Pedro Meltzer. Igah Ventures’s Limited Partners include SoftBank Group, Rodrigo Xavier (Bank of America), and Gilberto Sayao (Vinci Partners). Igah Ventures has already invested in Acceso Digital and Conexa Saude out of this third fund.
(Press Release) – Igah Ventures, a Brazilian venture capital company, concluded in January the allocation of the third fund totaling US$ 130 million. The firm is already allocating resources through investments in portfolio companies such as bxblue, Conexa, Avenue, Digital Access, Dr. Jones and 321 Beauty.
The result demonstrates investors’ appetite for the venture capital asset class as a strategic business. With the closing, Igah now has an amount of approximately US$ 250 million in funds under management, with 56 investments, 13 exits and 3 funds. “This fundraising reflects a well-structured strategy by Igah to work with qualified investors to leverage innovative businesses, which have technology as the basis to address solutions in the face of inefficiencies in our market”, highlights Pedro Sirotsky Melzer, one of Igah’s founding partners alongside Márcio Trigueiro and Luís Felipe Magon.
The closing of fund 3 ends a virtuous cycle of Igah with a track record of major investments, since the first fundraising (around US$ 20 million, in 2014, and US$ 40 million, in 2019, from e .bricks and Joá Investimentos, successful venture capital platforms which have united forces to found Igah,Ventures in 2020).
Even with the pandemic, which brought concern and a contraction in investments at first, there was an acceleration of investments and an increase in the visibility of venture capital assets as a strategic business opportunity for institutional investors, funds and family offices. Igah has two more raisins on the radar in the first quarter.
According to Melzer, the venture capital market is more mature, with plenty of resources and the investors have been improving the valuation criteria, looking at this asset class more rigorously, but also more enthusiastically. “It is an investment with a clear long-term return, which increases willingness to sign robust checks when investors identify opportunities that address effective solutions in their segments,” he concludes.
About Igah, Ventures
Igah, Ventures is an investment fund with operations in Brazil and Latin America, focused on companies with high growth potential that address business solutions through innovation and technology. The fund has a portfolio with over 50 brands in relevant venture capital segments in Brazil – fintechs, healthtechs, edtechs, retailtechs, in addition to services for small and medium-sized companies. The firm focuses on generating value for the invested companies, providing significant returns to investors, fostering innovation, stimulating entrepreneurship to contribute to transforming Brazil.
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