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Latin America gets first IoT venture capital fund

Thursday 13 May 2021 | 16:59 CET | News
Brazil's National Bank of Economic and Social Development (BNDES), Indicator Capital and Qualcomm Ventures announced the launch of the Indicator 2 IoT FIP venture capital fund, with a value of BRL 240 million. The fund focused on early-stage investments is considered the first specialized in IoT and connectivity in Latin America.

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Categories: Internet / Mobile & Wireless
Companies: Lenovo / Qualcomm / Telefonica
Countries: Brazil / Latin America
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