Brazilian direct-to-consumer frozen ready meals startup Liv Up received a R$26 million (US$4.87 million) investment from the corporate venture capital arm of Brazilian livestock company Minerva Foods.
The company's valuation remains stable since the R$36 million(US$180 million) Series D financing led by Lofoten Capital (a vehicle owned by Marcos Amino, who was manager of hedge fund Discovery Capital) in June 2021, and which also included VCs Kaszek and Globo Ventures, Globo's investment arm, as well as ThornTree Capital Partners.
A person familiar with the goings-on in Brazil's venture . . .
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