Pátria Investimentos Has a New VC Strategy Through Igah Ventures

With Igah, Pátria announces a new venture capital strategy for investments at all stages

With Igah, Pátria announces a new venture capital strategy for investments at all stages..
December 01, 2022 | 08:05 PM

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Bloomberg Línea — Brazilian alternative investment manager Pátria Investimentos (PAX), which manages $26.5 billion, has bought venture capital company Igah. The transaction amount was not disclosed.

Igah Ventures, founded in 2013, is in its fourth fund, which will fetch $150 million. In the other three, the firm invested in companies such as Contabilizei, which raised $60 million with SoftBank earlier this year, Avenue Securities (bought 35% by Itaú), the unicorn Unico, which raised $100 million with Goldman Sachs, and Conexa Saúde, which received R$200 million from Goldman Sachs and General Atlantic this year.

In all, Igah has $320 million under management. With Igah, Pátria announces a new venture capital strategy for investments at all stages, from Private Equity, Growth Equity through Kamaroopin, and now early stages with Igah.

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The Brazilian VC manager said it will maintain its Seed, Series A, and Series B investment model.

Also on Thursday Pátria announced the divestment of 55% of Entrevias Concessionária de Rodovias (Entrevias) to VINCI, a French concessions, energy, and construction company.

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