Draper Fisher Jurvetson launches Brazil affiliate

The San Jose / Silicon Valley Business Journal reports that: “High tech venture capital firm Draper Fisher Jurvetson said Wednesday it is opening a Brazil-based affiliate in partnership with FIR Capital Partners. Menlo Park-based DFJ said it will enter the Brazilian market with an initial $40 million and focus on funding ‘extraordinary entrepreneurs with the vision to build leading global companies.’ As part of the agreement the two firms will launch a $100 million fund, DFJ FIR Brazil Fund II, targeting offshore investors, which will invest in innovative Brazilian companies in high-growth industries. A timeframe for that launch was not disclosed. FIR is a Brazil-based investment banking, private equity firm focused on investing in high growth industries in Brazil and Latin America.”