Mindset Ventures targets $25 mln for sophomore fund

Brazil-based Mindset Ventures is seeking to raise around $25 million for its second fund. The fund will focus on investing between $200,000 and $1 million apiece in startups in the U.S. and Israel.



Today Mindset Ventures, a global Micro-VC Fund based in Brazil, announced the first closing of its second Fund, which aims to raise around US$ 25 million. The Fund will invest mainly in startups from the US and Israel, with amounts ranging from US$ 200,000 to US$ 1,000,000 per company. The goal is to invest in at least 15 companies in the first two years of operation.

Mindset Ventures seeks for early-stage businesses, especially in the areas of Fintech, AgTech, Healthcare, Education and Cyber Security, that are interested in having relevant access to the LatAm market, particularly Brazil. Mindset Ventures is also a global partner of Microsoft Accelerator and has recently launched its operation in Tel-Aviv with a local venture partner.

The first investments will already be announced until the end of 2017.

Mindset Ventures is focused primarily on companies accelerated by Microsoft Accelerator that have potential to expand to the Brazilian market. According to Daniel Ibri, Managing Partner of Mindset Ventures, “the companies from our portfolio have already started to establish roots in Brazil, by running pilots with big corporations and hiring key executives.”

Mindset Ventures’ Partners actively support the companies in their expansion efforts, by connecting them with potential clients, investors and mentors. “Startups need investors that understand their business and really bring value to the team besides capital, especially in the early stages of development,” says Daniel Ibri.

Through its first Fund, Mindset Ventures has invested in 18 startups alongside top-tier VCs and Angels in competitive funding rounds. Out of those companies, 20% were founded by women and one has 80% of its R&D team made up by women. According to Camila Folkmann, Managing Partner of the firm, “Mindset Ventures aims to strengthen diversity within the venture capital and technology industries and, for our second Fund, we are planning to increase the ratio of invested companies with female founders, as well as having more women onboard as our LPs.”

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