Eric Acher

Co-Founder & Managing Partner at monashees · Joined 2005

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Biography

Eric Acher co-founded monashees in 2005 during what he calls Brazil's 'tech winter' - a period when essentially no local early-stage venture capital industry existed - after cutting his teeth in strategy consulting at McKinsey and growth investing at General Atlantic across the US and Latin America. He started with just a $12 million fund and no real playbook to follow, building both monashees and much of the broader Latin American VC ecosystem from scratch alongside a handful of other early players. Two decades later, the firm has raised 10 funds totaling $1.5 billion, backed 125 companies including nine unicorns - Rappi, 99, Loggi, MadeiraMadeira, and Loft among them - and Acher has become one of the most recognized voices in Latin American venture capital, frequently drawing comparisons between the region's tech ecosystem and Southeast Asia's.

Education

Previous Experience

Notable Investments

99RappiElo7LoftEnjoeiPeixe UrbanoBaby.com.brOppaFoxtrotConta AzulNomadMindLabEduKClinica SIMJusbrasilFazenda FuturoVivaRealboo-box

Board Seats

Career Timeline

1999
Joins General Atlantic, doing VC and PE investing across the US and Latin America - his self-described 'investment school.'
2005
Co-founds monashees with Fabio Igel in São Paulo, starting with a $12 million fund at a time when almost no early-stage VC industry existed in Brazil.
2018
99, a portfolio company, is acquired by Didi Chuxing for roughly $1 billion.
2021
Reports monashees has raised 10 funds totaling $1.5 billion, backing 125 companies including 9 unicorns.

Sources & References

LAVCA - Eric Acher ↗Insignia Business Review ↗