Nestlé has provided capital for venture firm Angel Ventures' latest fund, which will invest across Mexico, Colombia, Peru and Chile.

Food and nutrition product manufacturer Nestlé has contributed to a fund being raised by Mexico-based venture capital firm Angel Ventures with a $100m target, Expansión has reported.

Founded in 2008, Angel Ventures invests across Mexico, Colombia, Peru and Chile – the four countries that make up the Pacific Alliance trade bloc – in addition to the US.

The firm initially participated through a vehicle called AV Network that linked startups to angel investors, before adding a co-investment fund as well…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.