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Fidelity venture capital fund8/31/2023 ![]() ![]() It’s a robust start to a new year that follows one which saw venture investments into fintech startups in Latin America skyrocket - to over $13.2 billion in 2021 compared to $2.3 billion in 2020. With the latest financing, São Paulo-based Creditas has now raised more than $829 million in funding over six rounds, with the bulk of that capital ($745 million) coming in over the last three years. That’s up from the fintech’s $1.75 billion valuation at the time of its $255 million raise in December 2020. ( TechCrunch) – Brazilian lender Creditas announced today that it has raised $260 million in a Series F funding that values the company at $4.8 billion. For more information, go to or follow source version on businesswire.Fidelity Management led a USD260m Series F for Brazilian fintech Creditas at a reported USD4.8b valuation, with participation from Spanish investors Actyus and Greentrail Capital, and follow-on from KASZEK, QED Investors, VEF, SoftBank Vision Fund, SoftBank Latin America, Lightrock, Headline, Wellington Management and Sunley House Capital. Lightrock led a USD255m Series E in December 2020 at a reported USD1.75b valuation SoftBank led a USD231m round in 2019. Some recent notable investments include HashiCorp, Lyft, Poshmark/Naver, Mammoth Biosciences, Marketo/Adobe, NUVIA/Qualcomm, Outreach, Rancher/SUSE, SolarCity/Tesla and Volterra/F5. The Firm has invested in more than 550 companies, resulting in 120 IPOs and more than 225 acquisitions. The Firm has a proven track record of partnering with founders starting at the inception stage to help build iconic companies that leverage innovations in IT and biology. Mayfield is an early-stage venture capital firm with a people-first philosophy and $3 billion under management. Some of his past investments include AEye (NASDAQ: LIDR), BabbleLabs (acquired by Cisco), DataRobot, Joby (NASDAQ: JOBY), Lilt, and SambaNova. ![]() Reddy has previously invested across all layers of the AI stack. AI Start will draw from Mayfield’s current funds as well as from the new pool of capital. AI Start complements Mayfield’s classic primarily Series A focused fund, the $580 million Mayfield XVII, and its $375 million Mayfield Spring/Select III fund, which were announced in May of this year. ![]() This investment - Series A - Imgur - was valued at 40M. Reddit has invested in Imgur on Apr 3, 2014. This fund was announced on and raised a total of 1M. Reddit has raised a total of 1M in a single venture fund, Community Fund. All AI Start companies will benefit from access to Mayfield’s team of company builders, founder amplification leaders, and the best-of-breed experts on the Mayfield Value-Add platform. Quiet Capital and Bienville Capital are the most recent investors. The AI Start team will run a quick process to evaluate new investments, with typical check sizes ranging from $1-4 million. Along with Vijay, who has a proven track record in helping seed stage AI founders scale, we look forward to participating in the Gen.AI movement.” It will also continue our syndicate-friendly commitment to angel investors and seed funds, by being flexible around check size and ownership needs. AI Start brings our craftsperson investing approach to founders at the inception stage of their company formation. ![]() “However, AI founders will need investors with operational prowess that’s as forward-thinking as the Gen.AI industry itself. “We believe that AI will emerge as our teammate and that the Gen.AI wave will create many iconic companies,” said Navin Chaddha, Mayfield Managing Partner. Mayfield today announced the $250 million AI Start, the first seed fund in its history, to partner with AI-first founders starting at Day Zero. ![]()
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