Iporanga Launches fund for Blockchain, Web3 and Crypto
While the encryption world collapses, Iporanga began collecting its third fund, looking for opportunities in startups and financial technology by emphasizing blockchain, web3 and encrypted currencies.
The head of investment capital – who has investments in companies such as Loggi, Quero Educanção and Buser – said that he had already raised $ 20 million out of a total of 100 million dollars planned and hope to reach the amount remaining in the first half.
"In the past, we were neutral and invested in all sectors," explains Leonardo Texira, one of Iberanga's partners. "But Brazil studies the world in the field of financial services and opportunities."
The first phase of Eburanga 3 is almost the size of the total of the two previous boxes – which raised $ 125 million. The change in the profile of the company required to attract investors, especially foreigners, helped the ecosystem at least.
According to Renato Valente, another partner of iPoranga, since Brazil is in better position than other emerging countries, Gringos is still optimistic about the country. As Stuhlberger said, Brazil will win by WO. Valente told Brazil Journal, which we are talking about with American distributors, Asian distributors and even from the Middle East. “Financial technology companies attract these investors because they have a higher return to property rights.”
It is not a coincidence that the origin of the funds in the 3 funds must be reversed for the previous boxes: now, 70% of the money must come from the outside of the country. Iporanga plans to issue checks ranging from $ 750,000 and 1.5 million US dollars for around 30 companies at the pre-establishment or establishment stage, and continues to criticize the monitoring of series A and B. I had the ‘Use to pass since 2011.
According to Teixeira, the most expensive for a businessman is to launch the business in the field, especially in the box sectors. Iporanga seeks to reach a return to dollars at least 30% per year in dollars. According to the partners, the first box reaches a yield of 60% per year in dollars.
One of the manager’s initial bets was Loggi, which is still in PowerPoint. The fund must already announce the first investment after the end of the year.