Positive Ventures, a Brazilian venture capital and private equity firm, recently raised USD 10 million for an impact investment fund from its limited partners, including Cândido Bracher, who previously served as Chairman of Brazil-based Itaú Unibanco; Teresa Bracher; and Luis Stuhlberger, who co-founded Brazil-based Verde Asset Management. Positive Ventures invests in companies seeking to “create an economic, social and environmental value,” such as teaching the English language in Brazil and expanding access to healthcare through technology.
Positive Ventures was founded in 2016. As of 2021, the firm has invested in a total of eight companies in Brazil and the US. These investees work in the biotech, “cleantech,” education, financial technology (fintech) and health sectors. Going forward, Positive Ventures reportedly is planning a growth fund with a target size of USD 30 million. Additional financial data on the firm are not available.
By Harriet Ritchie, Research Associate
Sources and Additional Resources
TechCrunch article
https://techcrunch.com/2021/04/27/brazils-positive-ventures-closes-on-10m-fund-for-impact-investing/
Positive Ventures homepage
https://www.positive.ventures/
LinkedIn profile on Positive Ventures
https://www.linkedin.com/company/positiveventures/
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