The Latin American Private Equity & Venture Capital Association is still compiling figures for 2012. But Executive Director Cate Ambrose said during a Silicon Valley appearance this week that fundraising is likely to be down significantly from 2011.
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Mexican VC firm Alta Ventures Mexico, has sold its stake in Rhomobile to Motorola Solutions. In April 2011, Alta Ventures Mexico led the Series A financing into Palo Alto-based Rhomobile as part of its cross-border portfolio strategy and successfully exited the investment on July 29, 2011. Terms of the transaction were not disclosed. PRESS RELEASE [...]