TLDR:
- ABSeed, a Brazilian VC, raised a $30M fund to invest in B2B SaaS startups in Latin America.
- ABSeed’s fund 1 has had 3 exits and a 150% return for investors.
Brazilian VC ABSeed has raised its third fund, Seed 3, totaling $30M to invest in early-stage B2B SaaS startups across Latin America. The focus will be on SaaS combined with other monetization layers, such as fintechs and marketplaces, with AI-driven solutions being a priority. Co-founder Geraldo Melzer stated that the recent turbulence in the technology market has brought maturity to the ecosystem, resulting in higher-quality evaluations of startups and healthier valuations and rounds. ABSeed’s previous $7M fund, Fund 1, has had 3 exits to date, guaranteeing a 150% return to investors. Fund 2, with $20M, has seen 9 investments made so far. The VC is optimistic about the future of B2B SaaS in Latin America and looks forward to investing in promising startups in the region.
