Cash is King: LatAm’s top-funded startups go shopping
It is no news that in the past 4 months Latin American startups have increasingly struggled to raise additional capital from VC funds.
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It is never too early to get in touch -- even if you are not raising. We first and foremost invest in people so the more we get to know each other, the better. We invest in everything from PowerPoints to Series A opportunities. The best way to get in touch is through a warm introduction from a mutual contact but a thoughtful cold email or LinkedIn message is totally fine.
We predominately invest in B2B companies in pre-seed stage and seed-stage companies, usually becoming the first institutional check into the business. We also invest at the Series A stage, although a little less frequently.
Our typical check size for Seed rounds ranges from $500k to $3M USD and we like to lead or co-lead rounds. Sometimes, we invest as followers with a lower initial check, but with the optionality to invest more later on. For Series A investments, the typical investment size ranges from $2-5M.
Yes. We are a sector-specific and thesis-driven fund (vs. agnostic) and focus on the following domains:
We believe that in order to be great partners, we need to thoroughly understand what you are building. By exclusively focusing on B2B businesses in certain domains, we have accumulated strong institutional knowledge after having evaluated thousands and worked with 50+ businesses in our core domains.
Furthermore, at NXTP, we have developed a wide network of sector-specific experts we put at your disposal to help you sort through the toughest challenges your business faces. Oftentimes, the experts in our network are retained by founding teams to take on more formal roles as advisors, board members, or angel investors. They include people at companies such as Hubspot, Coupa, Stripe, Auth0, Twilio, and Zendesk, to name a few.
As early-stage investors, the quality of the founding team is hands-down the most important selection criteria. If you are a founder and are wondering how we evaluate founding teams, here are a couple of pointers:
We have written a longer piece answering this question. Please follow this link to read the full article.
You can find a more detailed answer on what we look for in a start-up here, but most of our analysis focuses on evaluating: