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Vine Raises $140 Million for Latin America-Focused Venture Fund

  • Vine’s second fund dedicated to early stage investments
  • First fund reported internal return of 251%, company says
Vine founders Eric Reiner and Dan Povitsky
Vine founders Eric Reiner and Dan PovitskyPhotographer: Osiris Ramirez/ Vine Ventures

Vine Ventures, which has backed a handful of Latin American startups, raised a new $140 million fund, which it says makes it one of the largest US-based seed investors focused on the region. 

The New York-based company will use the Vine II fund for early-stage startups from Latin America, with an eye on financial services, logistics and supply chain companies, Managing Partner Eric Reiner said in an interview. Combined with its first fund, Vine now has $243 million under management, which it also invests in Israel and the US.