LatAm paper behemoth, Suzano creates a $70 million CVC fund

The idea is to accelerate its open innovation process, finding innovative startups in the pre-Seed to Series A phases to invest in.

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One of the largest vertically integrated producers of eucalyptus pulp and paper in Latin America, Brazilian company Suzano announced on Tuesday to its shareholders and the market the creation of Suzano Ventures, its corporate venture capital fund with an initial outlay of $70 million to be invested in startups.

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In a material fact, the company said that the idea is to accelerate its open innovation process and “become a global platform to foster entrepreneurship involving solutions for the bioeconomy based on planted forests.”

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Suzano Ventures’ investments will be focused on: pulp biomass technologies and applications; pulp packaging; agrotechnology companies that accelerate agroforestry yield; and carbon sequestration, measurement and management, in businesses in the pre-Seed to Series A phases.

Suzano Ventures will be present in leading innovation ecosystems and will invest in startups in Brazil and abroad.

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