- JetPack, as the program is called, aims to help entrepreneurs who live outside of Brazil explore innovative ideas;
- Buser and Loft are some of the startups in Canary Ventures’ investment portfolio.
An early-stage firm with more than $120 million under management, the Brazilian venture capital firm Canary Ventures has launched a new startup program to support first-time founders kick-off their business ideas in the country, as reported by Crunchbase.
Called JetPack, the program aims to help entrepreneurs who live outside of Brazil explore innovative ideas. The VC fund announced a $75 million fund in December to invest in around 50 early-stage startups operating especially in Brazil. Investor of startups such as Buser and Loft, São Paulo-based Canary Ventures usually raises the first seed or Series A funding to tech companies in Brazil.
“Here we could use a lot of technology to become more efficient,” Izabel Gallera, the Canary partner leading JetPack said to the media outlet. “Even a little bit of technology could help gain a lot of efficiency. In Brazil, we have much more explicit opportunities of building something that can solve a real problem.”