NXTP Labs raised 38,5 million funding round

By: NXTP Labs
 
 
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Venture Capital

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Financial

Location:
Capital Federal - Buenos Aires - Argentina

CAPITAL FEDERAL, Argentina - Oct. 23, 2015 - PRLog -- NXTP Labs, the leading early stage Latin American venture capital firm, has raised its first global fund with 38,5 million surpassing the initial goal of $30 million. Its broad investor base of more than 120 investors in the vehicle includes successful entrepreneurs and business leaders such as Marcos Galperin, Wences Casares, Alec Oxenford and Gwyneth Ketterer, followed by Multilateral Investment Fund (MIF) and leading family offices from the region. The round also incorporates public agencies like CORFO from Chile, INADEM from Mexico and Buenos Aires City Government.

NXTP Labs has already invested in 168 companies across the region including Satellogic, Jampp, Auth0, Properati and had 9 exits comprised of acquisition of Comenta.tv by Wayin, and Sparkflow that was acquired by Undertone. With the recent funding, NXTP Labs will now be able to become more active in follow-on rounds up to $1M per company.

With local presence in Chile, Uruguay, Colombia, México and Argentina, and a founding participation in Puente Labs in Silicon Valley, NXTP Labs has built a powerful network of more than 1,200 entrepreneurs and over 300 mentors and investors.

Ariel Arrieta, co-founder and managing director of NXTP Labs concludes: “We are sparking thepotential of Latin American entrepreneurs and their success on a global scale. It’s also true, that raising funds to increase their growth and impact is still a great challenge for these latitudes”.

Information about NXTP Labs

NXTP Labs is an investment fund and acceleration program that invests in early-stage startups and has, to date, invested in more than 160 companies of different profiles. Our focus is on technology companies seeking Spanish-speaking countries with regional and global opportunities. We provide seed capital, consulting services, direct advice, training and most importantly, access to first class mentors in Latin America, the United States and Europe. In exchange for these assets, the accelerator requests a percentage of equity of the company.

Contact
Nora Palladino
Regional Marketing Manager
***@nxtplabs.com
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