According to TTR, venture capital investments have grown significantly in the third quarter of 2013 compared to 2012. Brazil and Chile are the countries leading this growth.
Brazil the country with by far the most operations
During the first three quarters, Brazil recorded 162 transactions for a total of almost $4M, an increase of almost 30% in the number of operations. Also in Chile, the second country of reference, there has been an increase of 61% reaching 21 transactions in 2013 compared to 13 in 2012.
«Según los datos aportados, la evolución del importe medio es hacia la baja igual que se detectaba en los últimos data analysed in Spain. También sorprende el poco peso de México a pesar del tamaño de su economía, sólo ha registrado 14 operaciones en el 2013 con una tendencia claramente a la baja» comenta Diego Gutierrez experto en finanzas corporativas en Abra Invest.
Sector Funding IT Sector
The Brazilian firm TOTVS Ventures has invested around USD 0.73m in Intelie, which develops technology solutions for real-time data analysis. In addition, it has acquired a minority stake in the shareholding of Agendor, dedicated to the development of commercial online platforms, for around USD 0.15m. In addition, the private equity fund equity Aurus Capitalwhich, through its investment vehicle Aurus Bios, has acquired a minority stake in the share capital of Chilean biotech company PhytotoxThe company's main investment was a capital increase of around USD 2m. In addition, among the largest investments was the announcement of the purchase of the US company KKR to acquire 100% of Brazil's Positivo Educacional, an education services provider, for USD 874.44m.