Colombia, April 18th, 2022 - 17Sigma, a newly founded early-stage Latin American VC, launches its first $30M fund to push forward the next generation of regional leaders and companies.
Established by Pierpaolo Barbieri, founder and CEO of Ualá, 17Sigma will primarily focus on embryonic startups looking to raise pre-seed and seed rounds, and, occasionally, Series A funding. Its main goal is to foster innovation and digital disruption to boost the Latin American digital ecosystem, delivering more inclusive and sustainable growth in the region.
Bianca Sassoon, former Kaszek and Investment Banker, will lead 17Sigma as Managing Partner. 17Sigma will be the first fund in Spanish Speaking LatAm fully led by a woman. Together, Barbieri and Sassoon’s complementary experience is a unique value add for entrepreneurs looking for early stage support. 17Sigma is honored to be backed by some of the best investors in the world, including General Catalyst, Marcelo Claure, Kevin Ryan, 166 2nd, Niall Fergurson, Paulo Passoni, Sebastian Mejia, Alan Howard, Isaac Lee, Diego Dayenoff, and Monashees Partners’, amongst others. Ualá’s management team will also invest alongside them.
"17Sigma is born from the conviction that Latin America has the potential to be a world leader in digital disruption, creating a more prosperous and inclusive future for the region. We believe digitalization is inexorable, and the team is focused on helping the next generation of entrepreneurs build faster, smarter, and more sustainably. I have been fortunate to work alongside so many great partners and investors building Ualá – and now we want to help others do even better", said Barbieri.
"Even in a record year for venture capital investments such as 2021, less than 4% went to seed startups in Latin America. Our priority is to find people with ideas that disrupt the regional socioeconomic structure, helping them in the different stages: from creating their first fundraising deck, to building their core teams and product, to launching and continuing scaling", added Sassoon.
Before today’s official announcement, 17Sigma has already invested in more than ten startups in different Latin American countries; disclosed investments include Bhub (Brazil), Buk (Chile), Flevo (Argentina), Foodology (Colombia), Jeeves (Mexico), OnTop (Colombia), Pixel (Metaverse), Tarken (Brazil), Trela (Brazil), and Truora (Colombia).
“We are firm believers in the potential of Latin America to achieve 17Sigma results, understood as extremely rare and statistically unlikely events. We are here to bet on that magic”, Barbieri said.
For more information about 17Sigma, visit 17sigma.com.
This press release does not constitute or form part an offer of securities for sale or any solicitation to purchase or subscribe for securities or any solicitation of sale of securities in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or the law of any State or other jurisdiction of the United States, and may not be offered or sold in the United States of America absent registration under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. 17Sigma does not intend to register all or any portion of any securities in the United States under the Securities Act or to conduct a public offering of securities in the United States. This press release is being issued pursuant to and in accordance with Rule 135e under the Securities Act.
Fuente de redaccion Sigma