[Techtaffy Newsdesk]

Cisco has invested $15 million in the venture capital fund Redpoint e.ventures Brazil, RPeV, a joint venture between Silicon Valley-based venture capital firms Redpoint and BV Capital/e.ventures. The locally managed and operated RPeV fund is based in Sao Paulo, Brazil. The fund closed  $130 million on July 19th, with Cisco committing $15 million.

The new venture capital fund will focus on early-stage investments in Brazil, a key market for Cisco.

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