SÃO PAULO, Brazil — Accel Partners has invested in Kekanto, a local review and search site based here, reinforcing its interest in the booming Brazilian consumer Internet market.
Andrew Braccia, an Accel partner who is joining Kekanto’s board, said in an interview that over the last year he had seen “an acceleration of high-quality opportunities” in Brazil and no shortage of ambition. This is the fifth Brazilian company in which Accel has invested. The Kekanto investment — the size undisclosed — was made through Accel’s $500 million XI Venture fund.
Accel, which is based in Palo Alto, Calif., was introduced to Kekanto by one of the company’s initial angel investors, Florian Otto, the chief executive of Groupon Brazil. Accel is a Groupon investor.