The proposed project entails equity investments in two complementary vehicles. (i) Certo S.A. (“NXTP Labs”), a $38.5 million accelerator and early stage seed fund seeking to support 300 high growth technology startups from across Latin America. (ii) NXTP Fund 2, L.P. (“NXTP 2”), a $120 million early stage venture capital fund that will make venture investments in high growth technology companies across Latin America. A Summary of Investment Information for this project, alongside a second project with the same client, was disclosed together on July 13, 2016.
(i) Address funding gap for seed and early stage investments: Through NXTP Labs, NXTP targets supporting approximately 300 startups. (ii) Job creation: NXTP expects its graduated companies to create a significant number of high quality new jobs directly. (iii) Support local entrepreneurship: Through its NXTP Labs accelerator process and various external events, NXTP will help support entrepreneurs directly and the innovation ecosystem across Latin America.
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