Latin America-focused investor NXTP Labs is looking to raise up to $120m for its latest fund, FinTech Global can reveal.
NXTP Fund II has yet to register any capital, and it is unclear whether the $120m figure is a target or hardcap, according to the latest US Securities and Exchange Commission filing.
The firm invests in LatAm-based technology startups and has made 190 investments into the space so far, according to the company’s website. It operates three strategies of investment, seed fund acceleration, micro VC and venture rounds.
Through its seed strategy, NXTP typically deploys around $25,000 to companies throughout a four-month accelerator program. Its micro VC plan focuses on co-investments in the subsequent rounds of its portfolio companies, injecting up to $1m.
Through the VC approach, it backs Series A and B rounds, as well as subsequent fundraises, and normally deploys between $1m and $5m.
Areas of focus for the NXTP include FinTech, security and infrastructure, e-commerce, AgTech, AdTech, and AI, analytics and big data. Geographic interest of the company spans across Argentina, Brazil, Chile, Colombia, Mexico, New York, San Francisco and Uruguay.
FinTech is one its predominate spaces of interest and is currently in the process of bringing in companies to its FinTech Accelerator 2018. The program supports solutions across the entire FinTech space, including InsurTechs, payment companies, lending technology and personal finance solutions, among others.
To be accepted on the program, applicants need to be in the initial phase and ready for launch, developing a product that will impact financial services, have high potential and have a rapid commercial insertion.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
