LOS ANGELES, CA (BDCi) — With Brazil’s commercial prospects rising in the eyes of investors around the globe, combined with an offering of great incentives for companies to grow and expand in Brazil, an event brings together Brazilian first stage companies and the American investor for the first time in Los Angeles, via the training program VentureInLA.
The organizers, Midstage Ventures, a Brazilian “accelerator” with branches in both countries, selected 13 companies out of 50 to network and pitch to potential investors looking to infuse capital into the country perhaps more famous for the FIFA World Cup. The program seeks to promote growth through strategic partnerships and by attracting investments from U.S. venture capital funds.
Participants like Fixity, Sharebug, DAS and Athlete Base will network with North American entrepreneurs, private equity and angel investors such as BlackStone Launchpad, Product Hunt, Michalis Rossides, Twitter’s development team, Juan Vasquez of Nation Builder and renowned incubator IdeaLab.
Los Angeles was selected due to its reputation of having an ample source of financial resources and a wealth of emerging business knowledge. Between 2013 and the first quarter of 2014, 133 new companies from various industrial sectors were granted in total about USD $1 billion in capital investments.
This interface between Brazilian start-ups and U.S. investors has paid dividends. The cities of Florianópolis and São Paulo have particularly seen the levels in their investment ecosystem rise due primarily to these facilitations.