TLDR:
ABSeed, a venture capital fund primarily backed by family offices, has raised $30 million to invest in early-stage B2B SaaS startups in Brazil and Latin America. The fund, founded in 2019, specializes in go-to-market strategies and cloud-based operations. ABSeed has already invested in 20 startups and plans to prioritize software with additional monetization layers like fintech and marketplaces.
Article Summary:
ABSeed, a venture capital fund focused on early-stage B2B SaaS startups in Latin America, has raised $30 million from existing shareholders. The fund, founded in 2019, is primarily backed by family offices and specializes in go-to-market strategies and cloud-based operations. ABSeed has invested in 20 startups, including fintechs, martech, supply chain software, and compliance platforms. The fund’s third iteration will continue to focus on B2B SaaS startups, with investments ranging from $1 million to $2 million. ABSeed has seen success with its first two funds and recently made its first non-Brazilian investment in an Ecuadorian SaaS marketplace for construction. The fund evaluates 8 to 10 startups weekly and plans to deploy its third fund soon.
