November 9, 2018 |
The venture capital market in Brazil is expected to grow sharply in 2019 as investor confidence grows that incoming President Jair Bolsonaro can boost economic growth, LatinFinance has heard.
"Next year is going to be great for Brazilian venture capital, and I would not be surprised if we see big numbers," said Derek Bittar, general partner at the early-stage investor IndicatorCapital, adding that the sector could grow to more than $1bn in 2019 from $800m in 2018.
"We are going to see a lot of
Fundraising could top $1bn next year as investor confidence grows, sources say