Venture capital firm NXTP to target Brazil, Mexico tech startups with $98 million fund

View of NXTP logo at the firm's Buenos Aires office, Argentina, in this undated handout picture obtained by Reuters on November 27, 2023. NXTP/Handout via REUTERS

MEXICO CITY (Reuters) - Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday.

Despite current macroeconomic headwinds, there is an "enormous" opportunity to invest in Latin American startups, said NXTP managing partner Darly Bendo.