Monashees Opens San Francisco Office to Channel $370 Million Fund Into LatAm AI Startups
Updated
Updated · Crunchbase News · Aug 10
Monashees Opens San Francisco Office to Channel $370 Million Fund Into LatAm AI Startups
1 articles · Updated · Crunchbase News · Aug 10
Summary
Monashees set up its San Francisco office in September 2025 to give Latin American founders direct access to Silicon Valley AI research, talent and capital as the technology shifts faster than past computing waves.
The Brazil-based VC says proximity matters because many LatAm founders now need Bay Area networks to build AI-native companies, even if they keep engineering teams and cost bases in Brazil, Mexico or elsewhere in the region.
Monashees is finalizing deployment of its $370 million fund across roughly 35 companies and makes about eight to 10 new investments a year, with seed and Series A as its core focus.
Its latest push includes the Gama Fund with Google, which will co-invest up to $2 million in Brazilian AI-native and deep-tech pre-seed or seed startups and host a first summit in San Francisco later this year.
The move reflects Monashees' broader "Global LatAm" strategy: backing founders who start in Latin America and scale abroad, a model the firm expects to account for about 30% of its portfolio.