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Bicycle Capital

MiamiBICYCLE-CAPITAL
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Dossier Summary

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Classification
Slugbicycle-capital
HQMiami
Stage FocusThey invest $20-50M in Series B and later rounds, targeti…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

These are the SoftBank Latin America dream team who actually got stuff done before Vision Fund went sideways. Claure brings serious operator credibility - he actually built and sold companies, not just wrote checks. The guy turned around Sprint and engineered a $195B merger, so he knows how to make shit happen. Nyatta is the investing brain with McKinsey/JPMorgan pedigree who co-built SoftBank's LATAM funds from scratch. They're not tourists - this is their home turf and they have real conviction about the region's potential. The $500M fund size is perfect for growth-stage deals without the crazy valuations that killed their former employer. But here's the thing: they're ex-SoftBank, which means they've seen what happens when you move too fast and burn too much money. That could be wisdom or it could be baggage.

KEY TAKEAWAYS
  • Best for: Series B+ LATAM companies needing operational expertise and global connections
  • Watch out for: High expectations - these guys have seen unicorns and expect portfolio companies to scale big
  • Known for: Deep LATAM networks, hands-on board involvement, and not just writing checks
Investment Thesis

Bicycle Capital believes Latin America has exceptional founders addressing large markets yet lacking reliable capital for scale, focusing on partnering with select growth-stage companies at fair prices to build resilient, world-class businesses. They seek innovation that empowers, includes and endures.

Stage & Sector Focus

They invest $20-50M in Series B and later rounds, targeting 10-15 companies from Series B to IPO. Their notable investments span Brazil and US, with portfolio companies including Cayena (B2B food marketplace), Mottu (motorcycle rentals), and Glean (enterprise search). They focus on technology-driven sectors including e-commerce, fintech, and consumer internet, primarily in Brazil and Mexico.

Notable Portfolio
GleanCayenaMottuWellhubMotorista PX
Key Partners
Marcelo Claure
Executive Chairman and Managing Partner

Founder & CEO of Claure Group, former CEO of SoftBank Group International where he launched $8B Latin America Funds, and led Sprint's turnaround and $195B merger with T-Mobile. Built Brightstar from small distributor to world's largest wireless distribution company and is well-known to Latin American founders.

Shu Nyatta
Managing Partner

Former SoftBank Vision Fund Partner and Managing Partner at SoftBank Group International, co-founding SoftBank's Latin America Funds and SB Opportunity Fund. Previously investment banker at JPMorgan and consultant at McKinsey, with broad investing experience across semiconductors, AI, genomics, marketplaces and fintechs globally.

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