BAT Brasil

cvc

BAT Brasil is the Brazilian subsidiary of British American Tobacco, operating a corporate venture capital (CVC) arm known as Btomorrow Ventures. The fund has approximately R$2.2 billion (about $400 million) to invest in startups aligned with BAT's strategic interests, focusing on sectors such as food tech and innovation. It targets early- to growth-stage companies in Brazil and Latin America, with notable portfolio company Mais Mu.

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