The insurance-focused venture capital fund has added Banco do Brasil subsidiary BB Seguridade to a range of limited partners including Microsoft, Qualcomm and Monsanto.
A subsidiary of financial services firm Banco do Brasil has provided an undisclosed amount of capital for BR Startups Fund, a Brazil-based fund backed by several corporates, Baguete has reported.
BR Startups is managed by private equity and venture capital firm MSW Capital and was launched to invest in early-stage insurance technology and services providers. The holding company in question, BB Seguridade, oversees a range of funds for Banco do Brasil.
The fund’s limited partners also include Microsoft Participações, the…
