![]() ![]() ![]() Initially, we have helped entrepreneurs to go regional so that’s how we got to know a lot of the market, how we got to know Mexico, Colombia, and Uruguay, by helping entrepreneurs expand into those markets.įast-forward to today, Brazil is a very clear leader in the ecosystem. For you to be successful you needed to be in Mexico, in Argentina, and then Colombia. Because you needed several countries, especially in the early days when the markets were very small. LABS: Looking back to when NXTP started, what changed?Īlex Busse: Initially, one of the things that we learned really early on was that for a business outside of Brazil to be successful, you kind of needed to be in Spanish-speaking Latin America. LABS interviewed NXTP’s Alex Busse about the VC firm’s evolution alongside the region’s ecosystem and NXTP’s next steps: READ ALSO: Redpoint eventures’ managing partner Romero Rodrigues points out ESG as the biggest trend for 2021 The arrival of foreign venture capital firms in Latin America sharpens the competition with the region’s largest investors, such as Kaszek, from Argentina, a contemporary of NXTP, and the Brazilians Canary, Monashees, QED Investors and Valor Capital. Silicon Valley’s Sequoia recently announced that the venture capital firm would now focus its bets on Latin America, from early-stage startups to those already flirting with an IPO Sequoia’s first investment after the announcement was in Pomelo. READ ALSO: Latin America goes from 2 to 34 unicorns in four years, says Sling Hubįor a decade, NXTP has been investing in technology in a region that has only recently attracted the attention of major international investors, such as Japan’s SoftBank group, which landed here in 2019 and has already invested $3.5 billion in 48 companies that are now valued at $6.9 billion. NXTP also backs Argentina‘s newest unicorn Mural. Earlier this year Auth0 was acquired for $6.5 billion by the U.S.-based company Okta. For example, NXTP invested in Argentina’s SaaS startup Auth0 in its Seed round, when it had roughly a $15 million valuation. Between the two funds, NXTP has invested $50 million.Īlex Busse, NXPT’s partner, doesn’t comment about a potential third fund, but the truth is that the early-stage investor is now reaping what it sowed for years. The first institutional fund rolled out in 2013, and the second one in 2018. Coincidentally, all three of these businesses were founded in Argentina.Īt the very beginning of NXTP, its founding partners – Ariel Arrieta, Francisco Coronel, Gonzalo Costa, Marta Cruz, and Martin Hazan – decided to gather some of those successful entrepreneurs to create a platform for business investment advice. One of Latin America‘s venture capital industry pioneers, Argentina-based NXTP Ventures, emerged in 2012 - a decade after Latin America’s big tech success stories such as Despegar, Globant, and Mercado Libre began to take off. ![]()
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