Suzano targets bioeconomy with VC fund

Suzano targets bioeconomy with VC fund

Corporate & Sovereign Strategy Funds Brazil

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

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