The Growth of Positive Ventures
Positive Ventures, a São Paulo-based venture capital firm with an office in San Francisco, has recently raised $25 million for its new impact fund. This represents a tripling of its previous fund, which was launched three years ago. The firm’s second fund has now reached $10 million, showcasing significant growth over the past two years.
A Commitment to Making a Difference
Fábio Kestenbaum, partner and chairman of Positive Ventures, emphasized that this new fund is not just an increase in capital but a strategic expansion into impactful investments. The firm focuses on early-stage companies across Latin America, particularly in sectors like technology-driven solutions for climate change, education, healthcare, and financial services.
Impactful Investments
The firm has already made notable investments, including carbon credit providers like Pachama and social commerce startups such as Favo. By focusing on underserved markets, Positive Ventures aims to create a ripple effect of positive change, particularly in regions where resources are scarce.
Scaling the Impact Fund
With this new fund, Positive Ventures is poised to invest in 20 to 25 companies at the pre-seed and seed stages. Fábio Kestenbaum highlighted that the average check size for pre-seed investments will be $1 million, reflecting the firm’s commitment to significant impact.
Strategic Growth
The growth of this fund underscores Positive Ventures’ strategic direction. By tripling their initial investment in just three years, they have demonstrated a commitment to scaling operations while maintaining a focus on impactful returns. This approach is expected to further solidify their position as a leader in the impact investing space.
A Vision for Positive Ventures
Positive Ventures’ success story is not only about numbers but also about vision and execution. Their ability to identify high-potential companies and execute on their mission has led to remarkable growth, setting a benchmark for others in the industry.
Closing Thoughts
As Positive Ventures continues to expand its reach and impact, it remains dedicated to making a meaningful difference in the communities where they operate. Their focus on impactful investments ensures that every dollar is put towards creating real-world change.
