Monashees Raises $150 Million for New Latin American Fund

This is the firm's eighth fund to date and was backed by the co-founder of Instagram

Mountain

Brazilian venture capital firm monashees announced today it has closed on $150 million for its eighth investment fund.

The fund was backed by a number of backers including Mike Krieger, co-founder of Instagram, and Temasek, a sovereign wealth fund affiliated with the Singaporean government, according to TechCrunch.

The Brazilian venture capital firm is one of the largest in the region and has over $430 million in capital under management. Its portfolio has gone on to raise around $2 billion from global investors.

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