ONEVC closed its inaugural US$30m cross-border seed fund to invest in US and Latin American startups, with an additional US$8m in commitments for special-purpose vehicles to invest in later stage companies.

(Crunchbase) In recent years, Brazil’s startup scene has exploded as investor interest in Latin America as a whole has increased. And ONEVC, a cross-border fund dedicated to investing in U.S. and Latin American startups, is ideally poised to capitalize on that.

The firm, with offices in São Paulo and San Francisco, has closed its first fund, ONEVC FUND I LP, Crunchbase News has learned exclusively.

Read more at Crunchbase.