VC Partners Close Brazilian Fund

Sao Paulo-based venture capital firm Redpoint e.ventures has closed a $130m, Brazil-focused fund aimed at investing in startups. The firm is a JV between US-based venture capital firms e.ventures, formerly known as BV Capital, and Redpoint. The fund, its first is managed by founding partners Yann de Vries and Anderson Thees. The fund targets investments in the areas of consumer Internet, e-commerce, mobile, media and cloud services. The fund already includes 5 active investments – Viajanet, Grupo Xango, 55Social, Shoes4you and Sophie & Juliete – that the two firms had made together prior to the creation of the JV.