The three funds comes as Daniel de Macedo switches role and a new trade body committee is set up for CVCs.

Brazil’s burgeoning corporate venturing community has expanded with three fundraisings and a move by Daniel de Macedo, former head of CVC at local tech company Grupo Algar.

De Macedo, a GCV Emerging Leaders award winner last year, has joined retailer RD to lead innovation and new ventures.

Clau Sganzerla, vice-president of strategy at Algar, said: “Daniel joined RD, where he will be able to develop his CVC skills even…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.
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