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 Corporate Venture in Brasil conference series.)
“In addition to the capital contribution involved in this type of transaction, these startups see in Locaweb’s…
