MAYA Capital co-founders Lara Lemann and Monica Saggioro raised $41.5 million through a series of closings for their early-stage Latin American venture capital fund. The two women had met for the first time in mid-2016 when Lemann was contemplating scaling her angel investing experience by structuring a fund, and Saggioro was about to start her MBA program at Harvard Business School. After founding MAYA in 2018, the pair built an investment portfolio in sector-agnostic investments across the region, providing startup founders with an on-demand, hands-on management support approach. MAYA also initiated a series of creative efforts to help develop its venture ecosystem and to source opportunities. By 2021, Lemann and Saggioro had invested approximately $21 million in 28 companies, with several completing subsequent follow-on rounds of financing to support their growth. By then, Latin America s VC market size had more than doubled since MAYA s inception, with escalating competition among local players. Lemann and Saggioro faced several important decisions: When should they raise another fund? How large should the next fund be? Should they alter their investment strategy? And as MAYA expanded its portfolio, would they be able to sustain their hands-on management support strategy?
- 2021 HBS
Choosing a Book Format
EPUB is the standard publishing format used by many e-book readers including iBooks, Easy Reader, VoiceDream Reader, etc. This is the most popular and widely used format.
DAISY format is used by GoRead, Read2Go and most Kurzweil devices.
Audio (MP3) format is used by audio only devices, such as iPod.
Braille format is used by Braille output devices.
DAISY Audio format works on DAISY compatible players such as Victor Reader Stream.
Accessible Word format can be unzipped and opened in any tool that supports .docx files.