Temasek backs $150m venture fund of monashees, Brazil’s biggest VC

Cityscape of Rio de Janeiro, Brazil.

Singapore state investor Temasek Holdings has invested in the $150-million early-stage venture capital fund raised by monashees, the biggest venture capital firm in Brazil, according to an announcement.

Temasek joins Brandywine Trust Group, S-Cubed Capital, CreditEase, IDG, Mike Krieger, Horsley Bridge Partners, the University of Minnesota, and 15 high-net-worth Brazilian families and groups in backing Monashees VIII, which focuses on backing tech startups in Latin America.

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