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Fund Solutions

KPTL Ventures into Amazonian Bioeconomy

Brazilian venture capital (VC) firm KPTL has launched a new fund to foster bioeconomy in seven countries influenced by the Amazon forest: Brazil, Ecuador, Bolivia, Peru, Colombia, Guyana, and Suriname. Supported by BID Lab, the Inter-American Development Bank’s (IDB Group) innovation and venture arm, the Amazonia Regenerate Accelerator and Investment Fund will aim to identify and support early-stage companies with high scalability potential, and with a tested minimum viable product. KPTL is keen to explore the potential of a sustainable bioeconomy ecosystem in the Amazon, promoting local innovations and generating high returns with the help of extensive connections in the innovation ecosystem – including hubs, accelerators, and VC networks. Collaboration with entrepreneurs, angel investors, local and international corporations, as well as universities and research institutes will also strengthen the fund’s capacity, KPTL said. “There is enormous bioactive potential from the Amazon’s biodiversity, not to mention the possibility of rapid advancements in bio-pharmaceuticals and bio-agriculture,” it added. “All of this is anchored in an underexplored development of the region when considering the value chain and communities.” According to the World Resources Institute (WRI), the need for a New Economy for the Amazon (NEA) is urgent and “full of opportunities”. By deviating from the trends of the last decade, the Amazon could reduce emissions by 359 gigatonnes of CO2 – representing a 94% decrease compared to the previous scenario – and preserve 81 million hectares of standing forest. This transition could also help create more than 300,000 jobs in the region, the WRI claims. “This fund, raised and anchored by the IDB, will undoubtedly strengthen KPTL’s climate and forest vertical,” explained Otávio Ottoni, Venture Partner at KPTL and founder of Kaeté Investimentos – a partner in the initiative. Headquartered in São Paulo, KPTL is currently invested in 65 companies across agrobusiness, health, forest, climate energy and the Internet of Things. In 2022, it launched the Forest and Climate Fund, targeting R$200 million (US$37 million) in funding to invest in climate-focused tech innovation.

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