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NXTP Ventures
NXTP Ventures: B2B-focused early-stage VC led by Darly Bendo and Alex Busse. First institutional check in Auth0 (acquired for $6.5B).
NXTP Ventures
Founded in 2011, NXTP is Latin America’s premier B2B-focused, early-stage venture capital fund. We are committed to entrepreneurs in the region and to the incredible opportunity we see to build large tech-enabled companies that transform how business is done around the world.
General information
Firm type
Venture Capital
Year founded
2011
AUM
Undisclosed
Location
Region
Latin America
Country
Argentina
City
Buenos Aires
Corporate office
Sucre 1530, of. 404, C1428 Cdad. Autónoma de Buenos Aires, Argentina
Additional offices
São Paulo, Brazil · Mexico City, Mexico
Principals
Darly Bendo
Managing Partner
Alex Busse
Managing Partner
Ariel Arrieta
Founding Partner
Gonzalo Costa
Founding Partner
Marta Cruz
Founding Partner
Bruno Dalapria
Principal
Sector focus
Frequently asked questions
Who runs investment decisions at NXTP Ventures?
Darly Bendo and Alex Busse serve as Managing Partners responsible for evaluating, structuring, and executing new investments. Founding partners Ariel Arrieta, Gonzalo Costa, and Marta Cruz remain actively involved. Bendo joined in 2018 after covering growth technology at Warburg Pincus in New York; Busse had previously invested in Latin American control-stake deals at Conduit Capital.
Is NXTP Ventures structured as a family office or a traditional venture firm?
NXTP operates as a traditional venture capital firm raising external limited partner capital across multiple funds. Its earliest LP base included Argentine and regional family offices, but the firm does not manage single-family wealth and is not a family office — it is an institutional VC manager.
Does NXTP participate in fund commitments or only direct deals?
NXTP exclusively makes direct, early-stage equity investments. It does not operate as a fund-of-funds and there is no public record of the firm making LP commitments into other venture managers.
What investment stages does NXTP target?
The firm targets seed and start-up stages, typically writing the first institutional check into B2B technology companies. It selectively participates in later growth rounds — it was an early investor in Auth0 by 2014 and remained involved through its $6.5B acquisition by Okta in 2021, and it backed Nuvemshop at seed before the company raised a $500M Series E.
Which sectors does NXTP explicitly avoid?
NXTP focuses on B2B technology and does not invest in consumer social networks, direct-to-consumer brands, hardware-intensive deep tech, or biotech. Its portfolio, as listed on its website, covers enterprise software, fintech, logistics, AI/ML, and cybersecurity, with no disclosed consumer-internet or life-science investments.
How is NXTP's geographic footprint structured?
NXTP maintains physical offices in Buenos Aires, São Paulo, and Mexico City, giving it permanent on-the-ground presence across the three largest venture markets in Latin America. The investment team sources and supports companies across Argentina, Brazil, Mexico, and the broader LatAm region.
What is NXTP's known posture on co-investments alongside external GPs?
NXTP leads or co-leads seed rounds and actively participates in syndicates with global and regional venture firms. The firm co-invested alongside Insight Partners and Tiger Global in Nuvemshop and alongside SoftBank in Cobli. It does not maintain a fixed co-investment club but its position as a long-tenured regional specialist makes it a recurring partner for later-stage firms entering Latin American B2B deals.
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