NXTP Ventures, one of the leading venture capital funds focused on B2B (Business to Business) in Latin American early stages, announced the successful closing of its third and largest fundNXTP III, with a total investment of USD 98 million. This new fund will allow NXTP to continue its commitment to support the most promising technology founders in Mexico and Latin America and expand its regional investment strategy.
Founded in 2011, NXTP Ventures has established itself as one of the most prominent and active venture capital firms in Latin America, with offices in Buenos Aires, São Paulo and Mexico City. Their primary focus is investing in technology startups at stages ranging from pre-seed to Series A, providing funding ranging from USD 500,000 to USD 5 million. The firm has been an important backer of numerous successful companies, including B2B unicorns such as Auth0, TiendaNube, Mural, Frete.com and Betterfly.
NXTP III represents a significant increase over the previous size of the fund, marking an important milestone in the Latin American investment landscape. This investment will allow NXTP to expand its reach and significantly support its growing portfolio of companies over longer periods.
Investors in NXTP III include prominent institutional funds from the United States and globally, as well as regional funds of funds, family offices, high net worth individuals and technology founders in Latin America, the United States and Europe. Most investors who participated in previous NXTP funds increased their investment in this new fund, reflecting their confidence in the firm and its track record of success over time.
Darley Bendo, Managing Partner at NXTP, expressed excitement at the continued support for outstanding founders and companies across Latin America, highlighting the importance of this achievement in a global context where global venture capital funding faces significant challenges.
“We are excited to continue supporting outstanding founders and companies in Latin America. Despite recent headwinds in global venture capital funding, we successfully closed our largest fund to date, confirming our history, long-term investment strategy, positioning and potential in the Latin American market.” Darley Bendo said.
NXTP’s commitment to the Latin American tech ecosystem has been evident over the years, supporting over 130 regional companies. These companies have raised over $2 billion in additional capital, and NXTP works alongside leading global and regional funds to support their growth and success.
The company, which has become a reference in The venture capital sector in Latin America, focuses on B2B technology verticals including Cloud & SaaS, Fintech & Payments, E-Commerce, B2B Markets & Data & Artificial Intelligence. Alexandre Busse, managing partner at NXTP, emphasized the importance of digitization and the inclusion of technology in the work process of companies in the region.
“We are convinced that Latin America has a significant opportunity to help companies and SMEs become more efficient by digitizing their operations and incorporating more technology into their work processes.” We will see the emergence of huge companies that help solve this, and NXTP is in a unique position to identify them and help them grow.” stressed Alexandre Busse.
With its extensive network of contacts in Latin America, NXTP aims to identify the best entrepreneurs in the region and actively support them in expanding their business, even on a global scale. With this new fund, the firm aims to take advantage of the opportunities presented by technological trends in various sectors and industries in Latin America, maintaining a long-term commitment to founders, companies and communities in the region.
Data from Crunchbase reveals a rebound in investment in Latin American startups, with an 8% increase in funding in the third quarter, totaling approximately US$700 million. This increase highlights the growing importance of the sector in the region, although there is still a long way to go, especially when comparing venture capital investment in the region to previous years. For example, in 2021, a record 13 billion US dollars were invested in startups in Latin America.