Valetec Capital Investments will manage the investments.

Brazil-based web services company Locaweb has set up a corporate venture capital program to invest BRL100m ($17.9m) over four years. Local venture capital-as-a-service provider Valetec Capital Investments will manage the investments that connect to Locaweb’s e-commerce ecosystem. (Peter Seiffert, founder of Valetec, spoke at the prior GCV webinar alongside Apex-Brasil as part of the annual…

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