PROJECT

Projects

Summary of Investment Information

Project Number

46450

Company Name

NXTP FUND III

Date SPI Disclosed

May 5, 2022

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

May 25, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 19, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Nov 3, 2022
Signed : Dec 15, 2022
Invested : Jan 17, 2023

Sector

Venture Capital Fund

Project Description

NXTP Ventures Fund III (“NXTP Fund III, LP”, “Fund III” or the Fund”), is a Cayman domiciled venture capital (VC) fund focused on investing in early-stage (Seed and Series A) technology companies in Latin America (LatAm). Fund III is targeting a total raise of US $110 million, with first close of $40 million planned in Q2 2022. Fund III is successor to NXTP Ventures II, a 2018 vintage fund with $31M in commitments, and NXTP Labs (Fund I), a 2013 vintage accelerator with $20M in commitments.             

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation