NXTP/Handout via REUTERS Acquire Licensing RightsMEXICO CITY, Nov 28 (Reuters) - Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday.
Despite current macroeconomic headwinds, there is an "enormous" opportunity to invest in Latin American startups, said NXTP managing partner Darly Bendo.
"We're seeing really low software penetration in Latin America" ranging from small-and-medium-size businesses to large corporations, he said.
NXTP is now eyeing opportunities to invest the funds in startups primarily in Brazil, followed by Mexico.
"It's an interesting moment to be investing in Latin America," said Busse, who pointed to buy-in from international and institutional investors in the latest fund as proof of increased demand.
Persons:
NXTP, Darly Bendo, Alexander Busse, Bendo, Busse, Kylie Madry, Sonali Paul
Organizations:
Reuters, REUTERS Acquire, MEXICO CITY, Thomson
Locations:
Buenos Aires, Argentina, Handout, MEXICO, Brazil, Mexico, America