Latin American B2B startup fund, NXTP III, secures $98 million for fostering tech innovation and supporting regional founders.
With $98 million in commitments, NXTP III, the early-stage B2B startup fund in Latin America (LatAm) has closed. Working with tech founders in the LatAm area will be the main goal of the third NXTP fund. The size of NXTP Fund III is twice that of its predecessor fund. This makes it possible for the company to grow and develop its investment approach to include more LatAm founders and businesses. It can also sustain the portfolio more effectively over extended periods of time.
High-net-worth individuals, regional fund-of-funds, multi- and single-family offices, US and international institutional funds, and tech founders from Europe, Latin America, and the US make up the majority of the fund’s limited partners. Most of NXTP’s current investors from earlier funds took part in the new fund with larger commitments. In addition, fresh, sizable institutional investors from over the world participated, demonstrating the company’s consistent performance over time.
“We are thrilled to keep supporting outstanding entrepreneurs and businesses throughout Latin America. We have closed our largest fund to date in spite of the recent macro headwinds in the global venture funding market. According to NXTP managing partner Darly Bendo, “This validates our track record, long-term investing strategy, positioning, and the potential of the LatAm market.”
The NXTP’s past
With offices in Mexico City, São Paulo, and Buenos Aires, NXTP is one of the most well-known and active early-stage venture firms in Latin America, having been founded in 2011. With checks ranging from $500,000 to $5 million, the fund makes investments in technological start-ups at the pre-seed, seed, and Series A stages. It uses an approach to investment that is thesis-driven across a number of B2B technology industries. This covers finance and payments, e-commerce and enablers, B2B marketplaces, cloud and software (enterprise, mid-market, SMB), and data and AI.
More than 130 businesses that NXTP has supported have raised more than $2 billion in funding overall. Six unicorns and more than thirty exits have been made by NXTP across the three venture funds in its portfolio. The fund finds the top entrepreneurs in the region by utilizing its extensive network in Latin America. Then, in many situations, it actively assists them in growing their operations throughout various nations and the world.
We firmly believe that Latin America has a great deal of potential for improving the efficiency of businesses and small and medium-sized businesses. particularly with regard to digitalizing their business processes and introducing additional technology into their daily operations. Very big businesses that help with this will start to emerge, and NXTP is in a unique position to find them and support their expansion, says Alexander Busse, managing partner of NXTP.
NXTP aims to leverage the long-term technological tailwinds across Latin American sectors with its new fund. By doing this, it upholds its dedication to local communities, businesses, and entrepreneurs.
