SÃO PAULO — Brazilian engineer Carlos Eduardo Guillaume was a veteran in information technology, but when he set out to raise funds to invest in Brazilian start-ups, he felt like he was breaking new ground in Brazilian private equity investing.
Guillaume launched his venture capital firm, Confrapar, five years ago in the Brazilian state of Minas Gerais. At the time there were few firms, if any, providing seed capital to information technology firms running on inspiration and invention rather than real revenue. The vision of Confrapar was to partner with the government to offer these fledgling companies venture capital financing so they didn’t have to depend on family or friends for the money necessary to start a business.
“We were their first-ever Brazilian seed fund,” Guillaume said. “It was a learning experience.”
To read the full, original article click on this link: Brazilian Seed Capital: Cultivating Nascent Ventures | Latin Trade
Author: Ken Rapoza
