Latin America-Focused Growth Equity Firm Bicycle Capital

The IT industry has gone through rapid modernization over the last decade, with millions of professionals and experts stepping in and contributing to the growth of technology and its applications in various sectors.

More and more Latin American countries have taken charge of advancing the tech climate, with a growing number of successful startups delving into e-commerce, fintech, consumer internet, and more.

Bicycle Capital, a growth equity firm founded by former CEO and executive of Softbank Latin America Marcelo Claure and Shu Nyatta, respectively, intends to explore and highlight the vast opportunities that Latin American tech startups can bring.

Means and Opportunity

The increasing importance of technological products worldwide, coupled with the talents, innovation, and ambition of Latin American tech professionals, has brought vast possibilities for them to excel in the market.

While opportunities can most certainly forge spots in the industry, the proper means are needed for them to gain a competitive advantage and establish a long-standing, high-up, successful position. This is where Bicycle Capital, through funding, places itself as a means to the opportunity Latin American tech startup founders have boasted themselves with.

Following Claure’s history of funding tech startups before pursuing Bicycle Capital, the equity firm aims to selectively provide funding for startups that prove themselves capable of pursuing ambitious growth strategies through proven product-market fits, innovative and significant business models, as well as efficacious sales.

Investments and Credibility

Mid 2023, Bicycle Capital announced the launch of a $500M inaugural later-stage fund supported by Claure Group, Marcelo Claure’s Family Office, and Mubadala Investment Company.

Expressing confidence in Latin American startups, Bicycle Capital plans to provide ticket sizes that range from $30M to $50M, as well as assist startups in scaling their business and operations.

Said tickets and assistance can not only accelerate growth for startups under Bicycle Capital’s wings but also increase the overall market presence of Latin American businesses, bringing substantial credibility to the region’s tech and entrepreneurial ecosystem.

Bicycle Capital’s first investment goes to Mottu, a Brazil-based motorcycle rental startup aiming to empower delivery gig workers by offering low-cost daily motorcycle rentals for those not able to afford their own vehicles. Claure believes that Mottu’s operational efficiency, dedicated team, and goal to help people fight for a better livelihood are what can bring the startup to success.

Bicycle Capital co-led Mottu’s $50M Series C Funding round with QED, supported by Endeavor Catalyst and Caravela Capital.

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