Mindset Ventures eyes fund 3 after first company exit

Mindset Ventures, an international early-stage venture capital firm, is looking to raise its third fund, following its first company exit.

The fund has a target of $50m, which the firm hopes to close within the coming months.

Founded in 2016, Mindset backs tech startups from the US and Israel in B2B industries including FinTech, healthcare, cybersecurity, and agriculture. To date, the firm has invested into 40 companies.

Its goal is to support companies expand into Latin America, particularly Brazil, where it has a local team and network of potential clients and distributors. The firm has helped over 10 startups move into the Brazilian market, from establishing a local subsidiary to hiring executives and clients.

Mindset Ventures co-founder and managing partner Daniel Ibri said, “The launch of Fund III will enable Mindset to consolidate itself as one of the leading VCs internationally and to invigorate our strategy of helping foreign startups expand to the Latin American market.”

Alongside the announcement of its latest investment vehicle, Mindset has revealed its first ever company exit. The firm is selling its position in Voicea.AI, an automated audio transcription service, to Cisco.

Ibri added, “We are very excited with our first exit and there are several other promising companies in our portfolio on the same successful path with potential exits in the coming years. The performance of our portfolio so far has been outstanding. We could not be happier.”

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