Fluent Ventures backs replicated startup models in emerging markets | TechCrunch
Briefly

Fluent Ventures, a newly established venture firm, aims to demonstrate that top startup ideas need not originate in Silicon Valley. The fund is focused on investing in founders who adapt successful business models from Western markets, particularly in fintech, digital health, and commerce, within emerging markets. With an initial fund of $40 million, Fluent supports startups with investments ranging from $250,000 to $2 million. This strategy, termed "geographic alpha" by founder Alexander Lazarow, counters the notion that innovation is exclusive to Silicon Valley, as tech successes proliferate worldwide.
"We are contrarians at heart...the world's best innovations are not the exclusive purview of Silicon Valley."
"That movement scaled globally, and [it] was one of the insights that motivated my investments in Chime in the U.S. and Banco Neon in Brazil."
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