Cisco Puts Money into Brazil’s Monashees Capital

Cisco announced that it would invest $6 million in Monashees Capital, a Brazilian VC focused on Internet companies and online education. The firm, based in Sao Paulo, Brazil, began raising a $54.5 million sixth fund just in early August, peHub reported previously.

Cisco announced today the investment of USD 6 million in the venture capital fund Monashees Capital, the leading Brazilian VC focused on Internet companies and online education. The locally managed and operated fund is based in Sao Paulo, Brazil.

Monashees Capital is a venture capital firm focusing on early stage Internet start-ups and education, with a long-term business model tailored to the Brazilian environment. The fund partners with outstanding entrepreneurs determined to build innovative high-growth businesses.

Last April 1, Cisco announced the investment of over R$1 billion during the next four years in Brazil. As part of this announcement, Cisco announced the investment in high-technology venture capital funds to foster the development of new Brazilian technology companies and entrepreneurship in the country. Monashees represent the second of these investments, after the first investment of USD 15 million in Redpoint announced on July 24.

Innovation in information and communications technologies represents a significant market and an important economic driver for Brazil. Recognizing this potential, Cisco’s intention is to accelerate the introduction of new technologies and provide a competitive advantage through early investments in burgeoning technology innovations, supporting the development of high-growth small and medium-sized companies in the technology, digital media and telecommunications sectors.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to

# # #

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.