Skip to content
Markets
Deals

Uala Founder Raises $30 Million for LatAm Venture Capital Fund

  • Barbieri launches 17Sigma to invest in early-stage startups
  • General Catalyst, Alan Howard, Marcelo Claure among backers
17Sigma founder Pierpaolo Barbieri and managing partner Bianca Sassoon.
17Sigma founder Pierpaolo Barbieri and managing partner Bianca Sassoon.Source: 17Sigma

The founder of Argentine fintech Ualá, Pierpaolo Barbieri, is launching a venture capital firm that has raised $30 million from a roster of investors, including General Catalyst, Brevan Howard founder Alan Howard and others. 

Through his new firm 17Sigma, Barbieri will focus on betting on early-stage startups in Latin America. Backers also include former SoftBank executives Marcelo Claure and Paulo Passoni, Adam Neumann’s 166 2nd, MongoDB founder Kevin Ryan, Rappi co-founder Sebastian Mejia, Greenmantle LLC’s managing director Niall Ferguson and former Key Square senior managing director Diego Dayenoff.