Cisco corporate development executive Yann de Vries and Anderson Thees, formerly chief executive of Brazil-based search engine Apontador lead the venture.
eVenture Capital Partners, backed by Germany-based retailer Otto Group, and venture firm Redpoint Ventures have partnered backing a Brazil-based firm.
The firm Redpoint eVentures will be led by Yann de Vries, ex-Cisco corporate development, and Anderson Thees, formerly chief executive of Brazil-based search engine Apontador, and will be headquartered in Sao Paulo.
Redpoint eVentures said it would be the "first Silicon Valley venture firm with local presence in Brazil" although other similar investors such as corporate venturing unit Intel Capital…
