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Indicator Capital, BNDES, Qualcomm Ventures partner in LATAM

Indicator Capital, BNDES, Qualcomm Ventures partner in LATAM Monday 17 May 2021 09:26 CET | News Indicator Capital, BNDES, and Qualcomm Ventures launch USD 45 million fund in Latin America to IoT startups. The fund wants to make seven investments in IoT-related startups in the region by the end of 2021. With a duration of 10 years, the fund will invest in up to 30 early stage startups (Series A). Indicator Capital, Brazil‘s National Bank for Economic and Social Development (BNDES, its Portuguese acronym) and Qualcomm Ventures launched an early-stage venture capital fund, with a first-close of USD 45 million (BRL 240 million), focused on startups that develop services and products related to Internet of Things (IoT) and connectivity in Latin America.

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Latin America s first IoT fund launched by Indicator, Qualcomm Ventures

Latin America s first IoT fund launched by Indicator, Qualcomm Ventures
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Indicator Capital, BNDES and Qualcomm Ventures launch the first fund in Latin America with a focus on the Internet of Things (IoT)

Indicator Capital, BNDES and Qualcomm Ventures launch the first fund in Latin America with a focus on the Internet of Things (IoT) Indicator 2 IoT FIP Fund closed the fundraising with twice the original projected value News provided by Share this article Share this article SÃO PAULO, May 14, 2021 /PRNewswire/  Indicator Capital, the Brazilian Development Bank (BNDES), and Qualcomm Ventures LLC announced today the launch of the early-stage venture capital fund Indicator 2 IoT FIP, with a first-close of US$ 45 million (R$ 240 million), focused on Internet of Things (IoT) and connectivity in Latin America. In addition to the creators of the public bid: BNDES and Qualcomm Ventures, the fund has other five prominent investors: Banco do Brasil, Multilaser, Motorola, Lenovo, and Telefônica Ventures / Vivo, among other institutional and corporate investors.

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