How Armilar transformed from bank-owned VC to independent 18-person powerhouse
“Never as a corporate VC in the sense that we never served any strategic purpose of the bank.”
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Never as a corporate VC in the sense that we never served any strategic purpose of the bank. It was always financially driven. But we were formally owned by a bank for a few years, and that's how we we started. And but raising funds in in the market like everyone else, the bank happened to be an anchor investor in each funds, but raising funds like everyone else. And eventually, over time, we we we spun off. It's been almost ten years since we become became fully independent, but it's exactly the same team that spun off from that. We're now a team of 18. We raise several 100 millions in in several funds.
About this clip
Pedro Ribeiro Santos explains Armilar's evolution from a bank-owned investment arm to a fully independent VC firm. He clarifies they were never a strategic corporate VC but always financially driven, eventually spinning off nearly a decade ago with the same core team that now manages several hundred millions across multiple funds.
Why this clip
This clip reveals the strategic journey of how a VC firm successfully transitioned from corporate backing to independence while maintaining team continuity and growth.
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