Telefonica Brazil boosts venture capital investment with Redpoint Eventures

摘要

Telefonica Brasil announced an investment in a fund managed by Redpoint Eventures, a venture capital manager that invests in technology startups in Latin America. The goal is to invest in companies that generate a return and impact for the group, either with innovative technologies to increase revenue with new products or to improve internal efficiency as a supplier. The open innovation hub of Telefonica group, Wayra, will invest up to BRL 1 million per start-up. This is part of the Telefonica group investment strategy in venture capital funds in key markets such as Spain, the US (Alter Venture Partners), Israel (Vintage Investment Partners) and Brazil.