Technology is an exciting and promissisng industry in Brazil. Global players like Google and IBM are investing in the country. Brazilian stories like the ones of Cyber Cook and Buscapé inspire a new generation of entrepreneurs. No wonder international venture capitalists have their eyes in this niche.
DG News Service – Venture capitalists focused on Latin America’s technology market say the region offers a much better investment climate than in years past in the Internet market, with opportunities both in consumer and enterprise segments.
Angel investor James Gray injected US$600,000 into the seed round of VivaReal, an online real-estate marketplace startup operating in countries including Brazil, Mexico and Colombia.
Gray, who became the company’s chairman, sees big growth opportunities in online advertising for the company, which was launched in June 2009 and has seen its traffic climb quickly.
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