Redpoint Closes US$130 Million First-Time Fund Dedicated to Brazil (Latin America)

Source: Redpoint

Redpoint, the Brazilian partnership formed by global venture capital firms Redpoint Ventures and, has closed its maiden early-stage fund at US$130 million. The fund, which already includes five active investments, will provide seed, Series A and Series B financing to Brazil-based entrepreneurs with a focus on consumer internet, mobile, media and cloud services.