• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Regional venture capital sets sights on fintech expansion in Venezuela

FinanceInternationalBanca y Negocios40 s readAI summary
Image: Banca y Negocios

At the Startup Venezuela Summit, regional fund managers laid out their investment theses on the Venezuelan market. iThink VC formally included Venezuela in its Fund II; EWA Capital is structuring a third fund focused on Series A with a mandate to review local projects; Valor Capital Group is deploying its fifth fund of 200 million dollars. Slash announced dollar corporate accounts for Venezuelan companies and Félix Pago expects to launch its US–Venezuela remittance corridor in December.

In 40 seconds

  • iThink VC included Venezuela in its Fund II and sees infrastructure and energy as an opportunity tied to the AI boom
  • EWA Capital is structuring its third fund, focused on Series A and with a mandate to review local projects
  • Valor Capital Group is deploying its fifth fund of 200 million dollars and seeks firms able to bill between 500 and 1,000 million annually
Read the full story at Banca y Negocios

IASummary generated by artificial intelligence from a story by Banca y Negocios. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading