Early-stage venture capital fund Newtopia VC launched Monday with $50 million to invest in tech startups based in Latin America.
The fund will invest between $250,000 and $1 million in startups at the seed stage to help them achieve the milestones needed on the path to raising a Series A.
Newtopia is led by five major players in the regional entrepreneurial ecosystem:
Patricio Jutard, co-founder of MURAL;
Mariano Mayer, former national secretary for entrepreneurs and SMEs in Argentina and founder of Marea Venture Partners;
Sacha Spitz, co-founder and partner of Yavu Ventures and former director at the Universidad de San Andrés incubation program;
…
