Angel Ventures Pacific Alliance Fund II receives investment from KVIC

Published: 08/November/2018

Mexico City, Mexico and Seoul, South Korea // November 7, 2018

Angel Ventures (AV), a Mexico City based venture capital firm, announced today that it has reached an agreement with the Korea Venture Investment Corporation (KVIC) for an investment by KVIC in the Angel Ventures Pacific Alliance Fund II (AV PAF II) to solidify the fund’s thesis of promoting and developing early stage to early growth enterprise between the Pacific Alliance member countries and South Korea.

This investment constitutes KVIC’s first deployment in a Latin America based and focused manager.

Angel Ventures (angelventures.vc) is a venture capital firm focused on early stage investments with high growth potential in the Pacific Alliance region (Mexico, Chile, Colombia, Perú). AV emerged from the clear lack of funding opportunities in the early-stage sector with the mission to bolster the development of startups by linking them with strategic investors. Currently, AV has invested its first USD 20 million fund in 21 companies and has announced the launch of their second fund, the official Pacific Alliance Fund. This new fund has a USD 120 million target size to be invested in the fintech, retail, health, ICTs, and BoP/Agro sectors.

 

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