Brazil-based venture capital partnership Redpoint eVentures has secured an undisclosed amount of capital from Telefónica Innovation Ventures.
Telefónica Innovation Ventures (TIV), a corporate venturing vehicle for telecommunications firm Telefónica, has become a limited partner in a fund operated by Brazil-based venture capital partnership Redpoint Eventures.
Founded in 2012 as a partnership between US-based VC firms Redpoint Ventures and E.ventures, Redpoint eVentures invests mainly in the Brazilian digital tech ecosystem with the aim of building links to Silicon Valley.
Redpoint eVentures’ portfolio includes on-demand accommodation marketplace Housi, mobile commerce software provider Button and online lender…