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Trendlines inks agreement to explore co-investing opportunities in Brazil

Stanislaus Jude Chan Published on Thu, May 31, 2018 / 5:42 PM GMT+8

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SINGAPORE (May 31): The Trendlines Group is extending its collaboration network to Brazil, after subsidiary Trendlines Incubators Israel entered into a cooperation agreement with Goiânia-based Sirius Venture Capital e Participacoes Ltda.

According to the agreement, Trendlines Incubators Israel will identify portfolio companies suitable for co-investment and present them to Sirius VC. If all parties accept, Sirius VC will invest a minimum of US$50,000 ($67,100) in each portfolio company.

This initial investment will be the first step, and could lead to other additional business developments between Sirius VC and the portfolio company, including additional investment, clinical or field trials, and commercial opportunities.