Valutia, the VC that connects Brazil and Portugal
VALUTIA – The Capital Investment Director, who has so far concluded the club agreements with Portuguese and Brazilian startups – has started collecting his first fund. The goal is to raise $ 10 million to invest in Portuguese and Spanish startups who wish to enter Brazil, as well as in Brazilian startups who want to go in the other direction.
The idea is to implement the first closure of the fund at the start of the year. Valutia was created by Kiko Lumack, a pioneer in series who obtained liquidity through two events: the first public subscription of Alper and the sale of his commercial mark Cachaça Santa dose in Brown-Forman, the owner of Jack Daniels . To create the manager, Kiko Bruno Lino as a partner, CEO, has provided contract contracts in many third -party generation companies.
He spent nine years in all, led the expansion of Burger King in Europe and exploited Kraft Heinz in Australia, New Zealand, South Korea and Japan. He said: “When I returned to Brazil in 2019, I started looking for investment capital, making providential investments and helping certain startups develop.”
Valutia wants to invest in 20 emerging companies with an average ticket of US $ 350,000. The rest will be reserved for a continuation -UP. From the start, the founders – who live in Portugal – will allocate five companies from their personal portfolios to the box for actions. The idea is that the two will obtain 6% of the box – part of the shares they already have and part of the cash investments.
Lino said the Iberian Peninsula has an ecosystem for adventurous capital is smaller than its counterpart in Brazil, but it grew a lot. To give you an idea, there are already seven in Portugal in Portugal; Spain, ten. He said: “But because the markets are very low (the population of Portugal is 10 million), the entrepreneurs have already been born with the mentality of internationalization, and they see that Valutia is a reference for the entry of Brazil, whom they know how to be easy. ” Peter Erbix