Dealflow | June 12, 2024

KPTL venture fund will expand Amazon bioeconomy investments beyond Brazil

Dennis Price
ImpactAlpha Editor

Dennis Price

The Amazonia Regenerate Accelerator and Investment Fund, the 10th fund from Brazilian fund manager KPTL, takes the manager’s climate and forest tech strategy beyond Brazil to Ecuador, Bolivia, Peru, Colombia, Guyana and Suriname.

The fund has raised $11 million toward a targeted $30 million, with an anchor investment from IDB Lab, the venture arm of the Inter American Development Bank. IDB’s Natural Capital Lab, Green Climate Fund and Brazilian angel investor Denis Minev also invested.

“If there is a solution that works in Colombia, it probably works in the Brazilian Amazon as well,” KPTL’s Danilo Zelinski tells ImpactAlpha. He said one aim of the fund is to increase cross-country collaboration. “We are neighbors that need to work together.”

Biodiversity tech

The fund will back early stage companies creating high-value biotech, pharma, agricultural, cosmetic and food products from low-value plants and fruits from low-income communities in the Amazon.

KPTL backed longevity startup Ages Bioactive, for example, which derives products from bioactive compounds found in the Amazon, from its 2022 Forest and Climate Fund.

KPTL assumes ownership of the fund through an acquisition of São Paulo-based Kaeté Investimentos, which secured the mandate from IDB Labs in 2021. Kaeté’s Otávio Ottoni, as well as Bogotá-based Jorge Farfan, previously with Bamboo Capital, have joined KPTL as partners on the fund.