June 15, 2022 |
Brazilian pulp and paper company Suzano plans to put $70 million in its first venture capital fund to provide financing to start-ups, a company executive told LatinFinance on Tuesday.
"We believe we will invest in 10 to 15 seed and Series A companies within three to five years and in 15 to 20 pre-seed projects," said Julio Ramundo, head of carbon businesses and corporate venture at Suzano.
The fund, dubbed Suzano Ventures, intends to acquire minority stakes of 10% to 40% in companies to foster i
Brazilian pulp and paper company launches Suzano Ventures with $70 mln to provide financing to start-ups