São Paulo/Zürich 08/22/2013: Bolt General Partners AG (“Bolt Ventures”) and Mountain Partners AG (“Mountain Partners”) have agreed on a sale of Mountain Partner’s stake in Mountain do Brasil, a Luxembourg based seed and early-stage investment company focused on high-growth Brazilian, web-centric ventures. With effect of 07/18/2013 “Mountain do Brasil” and its affiliated companies (Mountain do Brasil S.à.r.l, Mountain do Brasil Investments S.C.A. and Mountain do Brasil Participações Ltda) have been transferred to Bolt Ventures, which assumes full operational responsibility. Bolt Ventures has been co-founded by former management members of Mountain do Brasil.
Mountain do Brasil will be rebranded as Bolt Ventures and all existing investments, assets and operations will become part of Bolt Ventures. The focus will remain on Brazil and the numerous opportunities arising from the continuing emergence of disruptive Brazilian led web and tech businesses. Mountain Partners will refocus on a regional strategy covering all Latin American countries.
Daniel S. Wenzel of Mountain Partners said today: “I wish Bolt Ventures’ management team a successful continuation of Mountain do Brasil’s activities in Brazil.” Nicolas Gautier of Bolt Ventures commented today: “I’d like to thank Mountain Partners for their previous commitment and continued ongoing support as well as their belief not only in Brazil as a country but the region as a whole”.