The Brazil-based venture fund, Maya Capital, has raised $100 million in its second fund round, to invest in early-stage deals for startups in Latin America.
- The new funding is targeted at 20-30 startups in the region, with 50% earmarked for follow-on funding.
- The fund will be deployed as 50% in Brazil and 50% to startups in Spanish-speaking Latin America, unlike the first fund that had 65% to 35% respectively.
- Maya Capital offers seed to Series A startups support with hiring, market readiness, and fundraising.
- The VC invested the first fund in 29 startups across 12 sectors in Brazil, Mexico, Colombia, and Chile, with 2 becoming unicorns, Notco (Foodtech), and Merama (E-commerce aggregator).