Platform In The News

Platform Capital Commits to Latin America based venture capital fund, Angel Ventures Pacific Alliance Fund II

Lagos and Mexico City, 31st December 2020: Platform Capital (Platform) is pleased to announce its commitmentto Angel Ventures Pacific Alliance Fund II (AVPAF II) to invest in early stage to early-growth technology companiesin Latin America and selectively across other geographies. The fund will target Seed and Series A opportunities that possess innovative business models tailored for the Latin American market to create pan-regional companies. As part of this commitment, Dr. Akintoye Akindele, Chairman of Platform Capital, joins the Investment Committee as an observer and Platform Capital becomes Angel Ventures strategic partner in Africa.

AVPAF II has also secured commitments from a strong and diverse pool of global LPs that include Inter-American Development Bank, Korea Venture Investment Corporation, Bancoldex, Nacional Financiera, Mexico Ventures, Nestle and FOCIR. AVPAF II has already deployed capital into 10 companies operating across 13 countries

Angel Ventures (AV) is a leading Mexican VC firm that operates across Latin America based venture capital firm focused on investing in technology companies that leverage the deep regional integration of Mexico, Chile, Colombia, and Peru (The Pacific Alliance) to create businesses that can scale and compete across the region. AV has true regional presence in LATAM and empowers its vision by fostering international partnerships.

Angel Ventures Fund One backed 21 early-stage companies in Technology, Retail, Health, Agro, and Fintech industries such as Clip, one of the most valuable start-ups in LATAM and Kueski, Mexico’s largest and quickest digital lending platform. A number of its companies have successfully raised follow-on capital from a wide range of international investors.

The Angel Ventures team is led by the very experienced team of Hernán Fernández Lamadrid and Camilo Kejner and are supported by a strong team over 22 professionals across 4 regional offices

Hernán Fernández Lamadrid, Managing Partner at Angel Ventures said, “We are very excited to be working with Platform Capital and its amazing team. Dr. Akintoye, besides having a vibrant personality, is a Venture Capital pioneer and a leader in the African Ecosystem, and one thing we pride ourselves at Angel Ventures is the intellectual and social capital that our investors bring to the table. As true believers in the rise of Emerging Market’s leadership in Venture Capital, having a leading African Investor to exchange pipeline, notes and contacts means something very exciting to visionary founders in Africa and Latin America, or anyone looking into these markets.”

Dr. Ponmile Osibo, Partner, Investor Relations & Stakeholder Engagement at Platform said, “Platform’s commitment to Angel Ventures is an exciting opportunity for us to back a diverse and experienced team with a strong track record of investing in scalable technology companies in Latin America. This commitment is in line with our global focus on growth markets and deepens our footprint across the region. We see significant potential for high growth African technology companies to gain access to an international investor who has backed great companies and taken them to scale, and for them to partner with Angel Ventures portfolio companies for expansion into Africa.”

About Angel Ventures

Founded in 2008, AV is one of the most active and influential Mexican VC firms in Latin America. The Firm invests in early-stage to early-growth companies by becoming a leading Series Seed and Series-A investor in startups that drive innovative business models tailored for the Latin American market. www.angelventures.vc

Follow us at @AVM_Mex

About Platform Capital

Platform Capital is a growth markets focused, sector agnostic, principal investment and advisory firm. We deploy patient, value accretive capital alongside international and local value investors to create champion businesses with the potential for regional or global scale. Platform also provides end-to-end bespoke Corporate Finance & Capital Markets advisory services. What makes us different is our obsession with changing the African narrative.
www.theplatformcapital.com

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