Latin America's venture capital (VC) landscape has experienced fluctuations recently. According to Crunchbase VC Reports, 2022 saw $8.28B in VC investment, a 79% drop from the previous year. However, the region boasts nearly 50 unicorns, led by Brazil. Q1 2023 saw decreased funding, hitting its lowest level since 2020. Fintech opportunities couldn't be clearer in regions such as Latin America (LatAm), where fintech investment accelerated significantly. The region saw growth of nearly four times the VC investment dollars, rising from $4.1B in 2020 to $15.7B in 2021, according to LAVCA. Latin America's digitalization potential, along with the fintech sector's transformative impact on financial services, continues to present immense growth potential.
Despite challenges, the Latin American VC sector shows resilience. LAVCA reports $7.8B deployed in 1,114 deals in 2022, the second-strongest year on record. Let's delve into key VC funds in LATAM, offering insights into their criteria, portfolio companies, and contributions to the thriving startup ecosystem, with a spotlight on fintech, a sector that's playing a pivotal role in reshaping the region's financial landscape.
To discover more VC funds, check out our VC list - a complex database of the best early-stage venture capital funds investing in innovative startups across different verticals. Read More.
Redpoint eventures
Geography: South America
Preferred Industries: Agnostics
Investment ticket: $2M to $15M
Company stage: Series A and Series B
Redpoint eventures is a venture capital firm founded in 2012, based in São Paulo, Brazil, focusing on early stage startups from South America. Redpoint eventures often co-invest with firms like 500 Startups, Valor Capital Group, and Kaszek Ventures.
The VC is involved in 7-12 deals per year, with an average startup valuation ranging from $50-100M. Redpoint eventures currently holds investments in 45 companies. The firm also boasts four unicorns in their portfolio, including Gympass, Creditas, and Rappi. Redpoint eventures has achieved eight portfolio exits, with successful companies such as Pismo, ViajaNet, and Holberton.
Wollef
Geography: South America
Preferred Industries: Digital, software, software-as-a-service (SaaS), internet of things (IoT), big data, fintech,
Investment ticket: Not Disclosed
Company stage: pre-seed, seed
Wollef known as Jaguar Ventures, is an early-stage venture capital fund, headquartered in Mexico City, that specializes in investing in transformative Internet ventures throughout Latin America. Wollef primarily makes investments in companies at seed-stage, early-stage, and series stages. Their investment efforts are specifically directed towards sectors such as digital, software, software-as-a-service (SaaS), internet of things (IoT), big data, fintech, and mobile within the Latin American market. Wollef has invested in 33 companies, and among them are unicorns like Kavak, Konfío, Loft, and Nubank.
Igah Ventures
Geography: South America
Preferred Industries: e-commerce, mobile and digital media.
Investment ticket: Not Disclosed
Company stage: Series A and Series B
Igah Ventures is a venture capital and private equity firm based in São Paulo, Brazil. It was formed in 2020 through the merger of e.bricks Ventures and Joá Investments. The firm focuses on investing in companies in the Series A and Series B stages, with emphasis on sectors such as segmented e-commerce, mobile and digital media.
With a portfolio of 44 companies, Igah Ventures has demonstrated a keen eye for identifying and supporting high-potential startups. The VC has one unicorn in its portfolio, Unico, and have achieved exits with companies like Infracommerce, Peixe Urbano, and meSalva!.
Canary VC
Geography: South America
Preferred Industries: e-commerce, mobile and digital media.
Investment ticket: $250k to $15M
Company stage: pre-seed, seed, Series A
Canary VC is a venture capital firm based in São Paulo, Brazil. Since its establishment in 2017, the firm has made investments in over 100 startups, including Buser, Sallve, Hashdex, Facily, and Trybe. Canary VC's investments have helped these companies raise over $2.3B in total. What distinguishes Canary VC is its strong emphasis on early-stage funding. The firm collaborates closely with founders from the initial stages, extending its investments to Series A and beyond. The investment amounts range from $250k to $15M or more. Canary VC often takes the lead in the first funding round and defines the investment terms.
Canary VC participates in 13-24 investment rounds annually and has a higher exit rate compared to other organizations. The startups backed by Canary VC typically achieve valuations in the range of $100-500M.
NXTP Ventures
Geography: South America
Preferred Industries: Cloud & SaaS, E-commerce Enablers, Fintech, B2B Marketplaces, and AI and Data-Driven Businesses
Investment ticket: $500k to $3M; $2M to $5M (for Series A)
Company stage: pre-seed, seed, Series A
NXTP Ventures, based in Buenos Aires, Argentina, specializes in supporting B2B companies at the pre-seed and seed stages. With a sector-specific focus, NXTP Ventures prioritizes Cloud & SaaS, E-commerce Enablers, Fintech, B2B Marketplaces, AI and Data-Driven Businesses. In seed funding rounds, NXTP Ventures takes the lead or co-leads investments, typically ranging from $500,000 to $3M. They also actively participate in Series A rounds, with investments ranging from $2M to $5M. Companies that have received early investments from NXTP Ventures include AuthO, CargoX, Trocafone, Satellogic, Cobli, Liftit, and VU Security.
MONASHEES
Geography: South America
Preferred Industries: B2B, B2C, and financial services, agnostics
Investment ticket: Not Disclosed
Company stage: pre-seed, seed, Series A
Monashees is a venture capital firm with a diverse investment portfolio spanning multiple sectors. Established in 2005 and headquartered in Sao Paulo, Brazil, with an additional presence in Mexico, Monashees actively invests in a wide range of industries, including B2B, B2C, and financial services. Since its establishment, the firm has made 224 investments, with an average round size of $27M. The VC participates in 7-12 deals annually. Monashees portfolio companies include Rappi, 99, and REBEL.
Kaszek Ventures
Geography: South America
Preferred Industries: financial services, education, healthcare, e-commerce, and enterprise software
Investment ticket: Not Disclosed
Company stage: seed, Series A
Kaszek Ventures founded in 2011 and headquartered in Buenos Aires, is a venture capital firm that specializes in investments within South America, particularly in Brazil. The firm has a broad sector focus, encompassing financial services, education, healthcare, e-commerce, and enterprise software. Kaszek Ventures has made 217 investments. The VC is involved in 7-12 deals annually, supporting startups at the seed, Series A, or Series B stages. With a keen eye for identifying promising ventures, Kaszek Ventures has backed successful startups including Nubank, Credijusto, and GuiaBolso which have achieved significant valuations.
ALLVP
Geography: South America
Preferred Industries: Healthcare, FinTech, smart cities, food tech, human resources, edtech, and consumer internet.
Investment ticket: $1M to $5M
Company stage: seed, Series A
Founded in 2012 and headquartered in Mexico City, ALLVP is a venture capital investment firm dedicated to supporting Latin American startups. The firm focuses on sectors such as healthcare, FinTech, smart cities, food tech, human resources, edtech, and consumer internet.
ALLVP actively engages in 2-6 investment deals per year. The fund typically invests in deals ranging from $1M to $5M. With a portfolio of 73 investments, ALLVP has played a significant role in fueling the success of Latin American startups. Their portfolio companies include Cornershop, Mendel, Flat, Shinkansen, Nuvocargo, and Senzai AI.
Magma Partners
Geography: South America
Preferred Industries: Fintech, Insurtech, SaaS
Investment ticket: Not Disclosed
Company stage: seed, Series A
Magma Partners, a venture firm based in Santiago, Chile, has closed its latest $50M fund, more than doubling its investable capital. The VC focuses on fintech, insurtech, and SaaS companies in Latin America, with a particular interest in solutions supporting cybersecurity, anti-fraud, and identity management.
Magma Partners has a track record of 70 deals and three exits, and is open to investing across various stages, ranging from seed to Series A. They have backed over 125 startups with $80M+ and are known for supporting entrepreneurs solving Latin America's challenges with scalable tech businesses. Some portfolio companies include Albo, Billpocket, Fanatiz, Global 66, Kushki Pagos.
Nazca Ventures
Geography: Mexico and South America
Preferred Industries: Fintech
Investment ticket: $1M to $5M
Company stage: Seed, Series A
Nazca Ventures, based in Mexico City, is actively involved in 7-12 investment deals per year. The average investment amount by the venture capital firm typically falls within the range of $1-5M. While their primary focus is on Mexico and Latin America, Nazca Ventures also extends its investments to startups beyond the region, showcasing interest in global opportunities.
When participating in investment rounds, Nazca Ventures often joins forces with 2-3 other investors such as Mountain Partners, DILA Capital, and Accion Venture Lab. Nazca Ventures invests in a variety of sectors, with a particular emphasis on sectors such as Financial Services and Information Technology. Their portfolio includes companies such as Destácame, nubelo, and Creze.
Valor Capital Group
Geography: Brazil and the US
Preferred Industries: B2B, B2C, e-commerce, fintech, and TMT
Investment ticket: Not Disclosed
Company stage: growth-stage
Founded in 2011, Valor Capital Group is a venture capital firm based in New York, with a focus on cross-border investments between Brazil and the US. They invest in seed to growth-stage companies in various sectors, including B2B, B2C, e-commerce, fintech, and TMT. With a presence in New York, Silicon Valley, Rio de Janeiro, and São Paulo, they have provided capital and expertise to startups driving innovation in Latin America. Valor Capital Group often participates in rounds with 4-5 other investors, as made a total of 189 investments with 10 successful exits. Volar Capital Group invested in notable companies like Coinbase, Nextdoor, and Illumio.
Propel Ventures
Geography: San Francisco and South America
Preferred Industries: Insurance, financial, and Blockchain
Investment ticket: $200k to $8M
Company stage: pre-seed, seed, Series A
Propel Venture is a San Francisco-based VC established in 2016. Their primary focus is on pre-seed stage startups operating in the insurance, financial, and Blockchain industries, with a particular interest in the LATAM region. The fund invests between $200k to $8M per company. Notable portfolio companies include Coinbase, DocuSign, and Hippo Insurance. Propel Venture typically backs startups that are 2-3 years old and frequently participates in rounds with 6-7 other investors. To date, they have made 60 investments and celebrated 3 successful exits.
Polymath Ventures
Geography: South America
Preferred Industries: human-centered technology, Marketplace and E-commerce
Investment ticket: Not Disclosed
Company stage: pre-seed, seed, Series A
Polymath Ventures is a venture capital firm founded in 2011, based in Bogotá, Colombia. They follow the Venture Studio model and focus on investing in and building human-centered technology companies that empower the middle-class in Latin America. They prefer to invest in early-stage startups, particularly those that are 1 year or less old. Polymath Ventures has made 19 investments in various sectors, with a focus on Marketplace and E-commerce. Notable portfolio companies include bgX and Aflore. With over $60M in capital raised, they aim to address the region's challenges by bridging the talent and capital gap.
MAYA Capital
Geography: Brazil, Mexico, Colombia, Chile
Preferred Industries: Agnostic
Investment ticket: Not Disclosed
Company stage: seed, Series A
MAYA Capital is an early-stage venture firm that invests in startups driving accessibility, transformation, and efficiency in Brazil and Latin America. Founded in 2018 and based in São Paulo, Brazil, the firm recently closed its second fund with $100M, tripling its assets under management. With their first fund, they backed over 29 companies across various sectors, with two becoming unicorns—NotCo and Merama. MAYA helps companies primarily from seed to Series A in a few ways: hiring, go-to-market and fundraising and is actively involved in deals ranging from $10M to $50M and is dedicated to supporting Spanish-speaking founders across the region.
IGNIA Ventures
Geography: Mexico
Preferred Industries: Agnostic
Investment ticket: $3.5M to $12M
Company stage: Seed, Series A
IGNIA is a venture capital firm established in 2007, headquartered in Lomas De Chapultepec, Mexico. The firm primarily invests in startups based in Mexico and has a focus on fields like financial services, healthcare, E-commerce and the Service Industry. IGNIA typically invests in startups that are aged 4-5 years and participates in rounds with $5M-$10M. The average startup value when receiving investment from IGNIA is between 100-500M dollars and they prefer to invest between $3.5M to $12M in their portfolio companies.
The fund has been successful in backing companies like Credijusto, Barared, and Kinedu. IGNIA is based in Monterrey, Mexico, and has invested in startups not only in Mexico but also in Bermuda, Canada, Greenland, and the United States.
Angel Ventures
Geography: South America
Preferred Industries: FinTech, HealthTech, FoodTech, RetailTech, PropTech, Mobility.
Investment ticket: $1M to $5M
Company stage: Pre-seed, seed
Angel Ventures is a well-known venture capital firm founded in 2008, based in Mexico City, Mexico. With 89 total investments and 1 exit, they invest in startups primarily in the financial services and healthcare sectors. Notable portfolio companies include Onko Solutions, VRTIFY, and Parrable. The firm typically participates in rounds with 2-3 other investors and is active in deals ranging from $1M to $5M dollars. Angel Ventures is currently working on its third fund of $120M that they have raised in 2018, focusing on Latin American and US-Hispanic/Latino-owned startups, particularly in fintech, foodtech, retailtech, proptech, and mobility. They are committed to supporting and investing in underrepresented Latinx founders to help them scale their businesses.
SP Ventures
Geography: South America
Preferred Industries: AgFintech, Marketplaces, eSupply Chain Tech, Logtech, Biologicals, AgEdTech, new materials,nanotechnologies and Carbon Market innovations.
Investment ticket: $2M to $6M
Company stage: Seed, Series A
SP Ventures is a venture capital firm based in São Paulo, Brazil, founded in 2007. They specialize in early-stage investments in innovative companies operating in sectors such as agricultural technologies, information and communication technologies, health technologies, new materials, and nanotechnologies.
With 62 investments and 13 successful exits, SP Ventures is a leading early-stage investment fund for Ag and Food Tech in Latin America. They partner with visionary founders who share their passion for transforming food and agriculture, aiming to build a more sustainable, climate-friendly, and resilient food system. Their diverse portfolio includes investments in AgFintech, Marketplaces, eSupply Chain Tech, Logtech, Biologicals, AgEdTech, and Carbon Market innovations. They invest in companies with tickets ranging from $2M to $6M on average, but they can go up to $15M, including follow-on investments. The firm's primary focus is to unlock the potential of agfood technologies in Latin America, making the region a hub for both food production and disruptive technologies.
DOMO Invest
Geography: South America
Preferred Industries: consumer-focused technology
Investment ticket: $100k to $1M
Company stage: Pre-seed, Seed
DOMO Invest is a prominent venture capital firm in Brazil, known for backing best-in-class entrepreneurs and early-stage consumer-focused technology startups. Their multi-disciplinary team, supported by an experienced Advisory Board, aims to contribute to the success of the next generation of Brazilian entrepreneurs. With a track record of 124 total investments and 37 lead investments, they have thrived as entrepreneurs themselves, having founded companies like Buscapé in Brazil. DOMO Invest has been an early investor in well-renowned startups such as Loggi, Gympass, Hotmart, among others. Their typical investment range is between $100k to $1M, with an average startup value of $5M-$10M.
Fen Ventures
Geography: Chile, Central America, and South America
Preferred Industries: FinTech
Investment ticket: $3M to $5M
Company stage: Pre-seed, Seed
Fen Ventures is a venture capital investment firm based in Santiago, Chile, founded in 2012. They focus on early-stage technology companies across South America, particularly in Chile, Central America, and South America. The fund, Fen Ventures III, was established in 2022 and invests between $3M to $5M per company, aiming to support 20 to 25 companies.
The firm typically participates in rounds with 4 investors and has been actively involved in less than 2 investment rounds annually. They have made 40 investments and have had 1 successful exit with Finvox. Fen Ventures' portfolio includes startups in various sectors, with a focus on Financial Services and Credit Bureau technologies. They are committed to partnering with tech-based companies in Latin America, with headquarters in Santiago and additional offices in Mexico City and Miami.
ONEVC
Geography: South America
Preferred Industries: SaaS, B2C
Investment ticket: $10M to $50M
Company stage: Seed, Series A, Series B
ONEVC is a venture capital firm with operations in Silicon Valley and Sao Paulo, Brazil. Founded in 2017, they specialize in seed-stage investments in Latin America, particularly in software companies. With a track record of 64 investments and 4 exits, and participating in 2-6 deals per year, they typically invest in rounds with 6-7 participants and focus on deals in the range of $10M to $50M. ONEVC's thriving investment areas include SaaS and B2C startups, and they prefer to invest in companies that have been in operation for 2-3 years. Their portfolio includes successful companies like Rappi, Pipefy, and Apozy. Startups backed by ONEVC often receive funding from other notable investors such as monashees, Redpoint eventures, Y Combinator, and Trinity Ventures, showing their strong network and strategic partnerships within the industry.
Kayyak Ventures
Geography: South America
Preferred Industries: Agnostics
Investment ticket: $1M to $4M
Company stage: Seed, Series A
Kayyak Ventures is a venture capital and impact investing firm based in Santiago, Chile. Founded in 2020, they focus on Seed and Series A investments primarily in tech-enabled companies operating in consumer products and services, information technology, financial services, and healthcare sectors across Latin America, North America, and Europe. With 38 total investments, Kayyak seeks companies with capital-efficient business models and significant profit margins. Their average investment size ranges from $1M to $4M, and they often lead or participate in successive funding rounds. Some of their portfolio companies include Xepelin, Foodology, Fairplay, Marco, Migrante, and Webdox, among others.
Alaya Capital
Geography: South America
Preferred Industries: Fintech, Insurtech, AgriTech and EdTech
Investment ticket: $1M to $5M
Company stage: Seed, Series A
Alaya Capital is a well-known venture capital firm with a physical presence in Chile, Argentina, and the United States. They specialize in investing in tech-enabled companies at the early-stage (Seed and Series A) with a focus on disruptive technology and a clear vision. While the exact investment amount is not disclosed, they have invested in 34 companies across various sectors like fintech, insurtech, and edtech. Alaya Capital's high activity year was in 2017, and they typically participate in 2-6 investment rounds annually. They prefer to invest in rounds with 1-2 participants and have a particular interest in agriculture and information technology sectors. Notable portfolio companies include 123Seguro and Aquabyte.Alaya Capital has launched a third fund worth US$100M to invest on sustainable, social, and government developments, aligning with a vision for 2030.
Manutara Ventures
Geography: South America
Preferred Industries: Software, App
Investment ticket: Not Disclosed
Company stage: Seed, Series A
Manutara Ventures, based in Santiago, Chile, with over 15 years of experience in venture funding. The firm specializes in providing Seed and Series A funds to technology companies. Since its founding in 2016, Manutara Ventures has invested in 17 companies, including ETpay, Iwana Cash, Xepelin, OpenHome, Camel Secure, and IPSUM SpA, among others. Beyond financial support, the firm offers valuable mentoring, networking opportunities, and critical market insights to its portfolio companies. With a strong focus on the technology sector, Manutara Ventures seeks to make late seed stage and pre-Series A investments. The firm's preferred investment areas include software and apps. They generally invest in startups that are 4-5 years old. It typically participates in rounds with 1-2 other investors and has a track record of successful exits.
Mouro Capital
Geography: Europe, North America, and Latin America
Preferred Industries: FinTech
Investment ticket: $1M to $15M
Company stage: Seed, Series A, Series B
Mouro Capital is a venture capital firm backed by Santander Group, focusing on early to growth stage fintech investments in Europe, North America, and Latin America. With $400M assets under management (AuM), they support entrepreneurs shaping the future of financial services. Their investment approach covers a wide range of fintech areas, including better processes, new client propositions, technology shifts, and digital crossovers. Mouro has an impressive portfolio of over 30 companies, such as iZettle and Kabbage, and offers investments ranging from $1M to $15M. Founded in 2014, they are headquartered in London, United Kingdom.
Salkantay Ventures
Geography: South America
Preferred Industries: e-commerce, ad tech, health tech, artificial intelligence, and cybersecurity sectors
Investment ticket: $1M to $5M
Company stage: Seed, Series A
Salkantay Ventures, headquartered in Miraflores, Peru, founded in 2012. They invest in high-impact technology companies primarily in the e-commerce, ad tech, health tech, artificial intelligence, and cybersecurity sectors. The firm's focus is on supporting innovative and resilient entrepreneurs who aim to improve the lives of Latin Americans through technology. They provide not only capital but also strategic advice, operational support, and industry expertise to their portfolio companies. They invest in Spanish-speaking Latin America, targeting companies in the startup or scaleup stages.
Mindset Ventures
Geography: North America, Latin America, Israel
Preferred Industries: Agriculture, Financial Services, Healthcare, Cybersecurity, Education and Enterprise Software
Investment ticket: $100k to $10M
Company stage: Pre-seed, Seed, Series A
Mindset Ventures is a Brazilian-Silicon Valley seed venture capital firm. It focuses on investing in startups from the United States and Israel, with a particular interest in those accelerated by Microsoft. The firm targets B2B startups in sectors like Agriculture, Financial Services, Healthcare, Cybersecurity, Education, and Enterprise Software. Mindset Ventures actively engages with its portfolio companies, offering access to mentors and partners. With $65M in assets under management (AUM), it has invested in 80 startups, achieving 4 successful exits. The median round size for its investments is $7M. Notable companies in its portfolio include Brex, PayJoy, and Simplifeye. The firm also assists startups in connecting with the Latin American market by providing access to advisors and potential clients in the region.
Bossa Nova Investimentos
Geography: Brazil
Preferred Industries: B2B, Agriculture, SaaS, Mobile Financial Services, Healthcare, Cybersecurity, Education and Enterprise Software
Investment ticket: $100k to $10M
Company stage: Pre-seed, Seed, Series A
Founded in 2011, Bossa Nova Investimentos is a prominent venture capital firm headquartered in Sao Paulo, Brazil. Specializing in pre-seed and seed stages, they focus on technology-based startups, particularly in the B2B, innovative, digital, and scalable sectors. The firm has a strong presence in Brazil, having invested in over 100 startups at the angel and pre-seed rounds, primarily targeting companies with SaaS and Mobile emphasis. They cover a wide range of sectors including ad tech, biotech, fintech, and more. Bossa Nova Investimentos is a key player in the Brazilian Micro Venture Capital landscape and holds the title of being the most active investor in the pre-seed stage across Latin America, boasting over 1200 investments in 1000+ startups
Cometa VC
Geography: Mexico
Preferred Industries: Consumer Software, EdTech, FinTech, Enterprise Software Investment ticket: $100k to $10M
Company stage: Pre-seed, Seed, Series A
Cometa is a Mexican venture capital firm founded in 2012, with a focus on early-stage tech companies within Spanish-speaking markets. Operating from Mexico City, they invest in sectors such as fintech, e-commerce, marketplaces, and mobile technology. Their investment spectrum covers industries including Consumer Software, EdTech, Enterprise Software, Financial Services, FinTech, Information Technology, and Internet. With 13 total investments and an average round size of approximately $8M, their portfolio comprises 12 companies. Noteworthy exits include Yogome, Itaro, and FancyBox. As of April 12, 2023, their latest investment was in Kala, amounting to $4M.
Carao Ventures
Geography: Dominican Republic, Colombia, Ecuador, and Peru
Preferred Industries: Agnostics
Investment ticket: $25k to $1.7M
Company stage: Pre-seed, Seed, Series A
Carao Ventures is an early-stage VC firm that supports small and medium enterprises in Latin America. Operating in countries like the Dominican Republic, Colombia, Ecuador, and Peru, they focus on industries ripe for innovation and disruption. They invest between $25K and $1.7M in Pre-Seed, Seed, and Pre-Series A stages, with a focus on Spanish-speaking regions. Carao Ventures aims to provide essential early-stage funding to empower Latin American entrepreneurs to create competitive companies and drive regional growth.
Avalancha Ventures
Geography: Mexico
Preferred Industries: Agnostics
Investment ticket: $50k to $2M
Company stage: Pre-seed, Seed, Series A
Avalancha Ventures is a Mexico-based VC firm focused on early-stage technology companies. They invest between $50k and $2M, supporting startups that disrupt their target markets with technology-driven solutions. Working closely with entrepreneurs, they nurture unique teams aiming to create exceptional companies that offer efficient and cost-effective products and services to a broad audience. Their portfolio includes companies like Bayonet, Zoop, Atexto, and more. Avalancha Ventures not only provides initial funding but also offers additional capital support of up to $2M in subsequent rounds to help startups solidify their positions in their markets.
Dalus Capital
Geography: Mexico
Preferred Industries: Digital consumer, Business productivity, Climate Innovation, and Tech inclusion
Investment ticket: $500k to $6M
Company stage: Series A, Series B
Dalus Capital, located in Mexico, is an international VC firm dedicated to purposeful entrepreneurs in industries like Digital Consumer, Business Productivity, Climate Innovation, and Tech Inclusion. With a focus on Series A and Series B stages, their investments range from $500K to $6M. Notable investments include Aptuno, Clip, and eFactor. Beyond financing, Dalus offers insights and resources to aid companies in scaling successfully. They prioritize partnerships with visionary founders driving ethical positive change through technology. Their investment themes target significant challenges in Latin America: Inclusion, Climate Innovation, Business Productivity, and Digital Consumers.
Genesis Ventures
Geography: Latin America, Europe, USA
Preferred Industries: B2B, Software, Specialty Retail, Cleantech, Travel, Health, and Wellness.
Investment ticket: $1M to $10M
Company stage: Series A, Series B
Genesis Ventures, based in Chile, is a VC firm targeting early-stage companies primarily in B2B, Software, Specialty Retail, Cleantech, Travel, Health, and Wellness sectors. Their investments range from $1M to $10M. Notable investments include Mudang, Wenu Work, and Predictable Media. Genesis Ventures invests in businesses with scalable models and entrepreneurs aiming for global expansion. They provide capital, mentoring, and a network through local teams across Latin America, Europe, and the USA. With branches in Santiago, Lima, London, and Miami, they focus on high-potential ventures spanning various industries. Their hands-on approach reflects in their diverse portfolio, fostering the growth of ambitious startups pursuing big ideas and global impact.
Advent International
Geography: New York, Boston, Palo Alto, London, Madrid, Mexico City, Luxembourg, Milan, Mumbai, Shanghai, Hong Kong, Frankfurt, Paris, Bogota, Sao Paulo.
Preferred Industries: Business & Financial Services, Healthcare, Industrial, Retail, Consumer & Leisure, and Technology
Investment ticket: $50M to $2B
Company stage: Series A, Series B, Growth
Advent International, with locations spanning across major global cities, is a seasoned VC firm investing in diverse sectors: Business & Financial Services, Healthcare, Industrial, Retail, Consumer & Leisure, and Technology. Boasting a history of over three decades, they've engaged in 380+ private equity investments across 40+ countries. Their investments, ranging from $50M to $2B, cover companies like GS Capsule, Iodine Software, Merama, and more. Advent International's adaptable approach prioritizes seizing attractive private equity opportunities across their target sectors, without fixed allocations. As of March 31, 2023, they manage $95B in assets and maintain a team of 290+ professionals across 15 offices globally. Their commitment to partnering with management teams for sustained growth is reflected in their extensive portfolio.
Seaya Ventures
Geography: Spain, Latin America
Preferred Industries: mobility, clean energy, agriculture, fintech, food, healthcare
Investment ticket: Not Disclosed
Company stage: Seed, Series A, Series B, Growth
Seaya Ventures, headquartered in Madrid, Spain, and active in Latin America, is a technology-focused VC firm. They invest in visionary founders driving technological advancements. Their investments span impactful sectors such as mobility, clean energy, agriculture, fintech, food, healthcare, and more. Notable investments include Savana, BiomeMakers, and SpotAHome. Founded in 2013, Seaya Ventures prioritizes value-driven and sustainable approaches, supporting companies that solve real problems and contribute to positive social and environmental change. In collaboration with Cathay Innovation, they've established the Seaya Cathay Latam Fund, a $125M fund targeting Series A and B investments, with a focus on reshaping industries and society across Latin America.
Rise Ventures
Geography: Silicon Valley, Latin America, Africa, MENA, India, and Southeast Asia
Preferred Industries: Agnostics
Investment ticket: Not Disclosed
Company stage: Pre-seed, Seed, Series A
Rise Capital, with a presence in key locations including Silicon Valley, Mexico City, and more, is a VC firm focusing on internet companies. Their investments encompass industry leaders within major emerging markets. The firm's approach is deeply rooted in its experience as internet operators within these markets, enabling them to support companies targeting substantial market opportunities. Led by Nazar Yasin, an experienced entrepreneur and investor, Rise Capital is driven by the belief that technology can profoundly improve lives, particularly in Emerging Markets like Latin America, Africa, MENA, India, and Southeast Asia. Their partnership, including internet executives and entrepreneurs with extensive experience, is dedicated to backing ambitious technology entrepreneurs in these markets as they shape the future's most successful companies within the world's largest and fastest-growing economies. Notable investments by Rise Capital include Facily, Kueski, and InstaCarro.
E3 Capita
Geography: Latin America, Africa
Preferred Industries: low carbon technologies, climatetech
Investment ticket: $250k to $10M
Company stage: Pre-seed, Seed, Series A
E3 Capital, located in Escazú, Costa Rica, is a private equity and investment banking firm. They offer tailored financial solutions and act as general partners, investing in early-stage companies across various industries. E3 Capital's focus extends to creating economic value in African economies while prioritizing sustainability. They back technologies that not only bring financial value but also empower those at the bottom of the pyramid through affordable, productive growth means. With a strong belief in the role of startups in climate transition, they invest in low carbon technologies with disruptive and dynamic business models. Their investments span climate-smart services, digital connectivity, and efficient operations, aiming for low carbon footprints. They invest early, with tickets ranging from $250k to $10M following a Pan-African investment strategy employing various financing products, including equity-linked instruments.
Dila Capital
Geography: Mexico
Preferred Industries: Agnostics
Investment ticket: Not Disclosed
Company stage: Pre-seed, Seed, Series A
Dila Capital, situated in Mexico City, operates as a seed-stage and early-stage VC firm, specializing in equity investments and debt financing. Founded in 2011, DILA Capital brings a unique approach to investing in early-stage companies, enhancing entrepreneurial management and operations by leveraging its experienced business network. With a team boasting 15 years of experience within the entrepreneurial ecosystem, their partners have contributed as founders, operators, and investors in Mexican startups. DILA Capital's reputation and strength lie in its access to a diversified pipeline of opportunities generated through its extensive network. They're recognized for having one of the largest and highest-quality venture capital deal flows in the Mexican market. Notable investments in their portfolio include Kushki, Quinio, and Moons.
ZX Ventures
Geography: Mexico, Argentina, Chile, and Colombia
Preferred Industries: Agnostics
Investment ticket: Not Disclosed
Company stage: Pre-seed, Seed, Series A
ZX Ventures, with locations across Mexico, Argentina, Chile, and Colombia, operates as the investment and innovation arm of AB InBev. This sector-agnostic firm invests in businesses focused on meeting future needs, particularly favoring sustainability, agile industry, and e-commerce. They fund ventures from seed stage to Series A, seeking promising prospects with passionate teams. As part of AB InBev, ZX Ventures partners with and builds ventures that align with their vision for the future, delivering exceptional consumer experiences and fostering connections. They collaborate with devoted founders and skilled operators, investing in key industries like beverage, direct-to-consumer, circular ventures, future of socializing, and agile industry. Notable investments include BanQu, BioBrew, and Catalant.
Chile Ventures
Geography: Mexico, Argentina, Chile, and Colombia
Preferred Industries: SaaS
Investment ticket: Not Disclosed
Company stage: Pre-seed, Seed, Series A
Chile Ventures, situated in Chile, is a VC firm exclusively dedicated to technology startups. Their focus is on accelerating the growth of these startups, particularly targeting founders in the SaaS, subscriptions, and licenses space. Over time, they've invested in numerous startups, helping them unlock their full potential. Some well-known portfolio companies include Fintual, Lexgo, Chipax, and SimpliRoute. The firm specializes in investing in early-stage startups with recurring revenue models like SaaS, subscriptions, and licenses, aiming to accelerate their growth.
First Check Ventures
Geography: Latin America
Preferred Industries: Agnostics
Investment ticket: Not Disclosed
Company stage: Pre-seed, Seed, Series A
First Check Ventures is a global investment entity located in San Juan, Puerto Rico. Operating as an angel group, micro VC, syndicate, and venture capital firm, they focus on early-stage ventures, particularly at the Seed and Venture stages. With a background in tech companies and extensive experience in the industry, they specialize in backing startups with experienced entrepreneurs pursuing significant ideas. Their founder-centric approach, industry agnosticism, and access to unique global deal flow set them apart. Note that investment participation should align with a diversified portfolio strategy and a willingness to understand the potential risks associated.
A.B.Seed Ventures
Geography: Latin America
Preferred Industries: SaaS, B2B
Investment ticket: Not Disclosed
Company stage: Pre-seed, Seed, Series A
A.B.Seed Ventures, located in Sao Paulo, Brazil, specializes in venture capital investments in the B2B and SaaS sectors. They focus on startups seeking seed investments with a SaaS B2B business model. A.B.Seed Ventures provides support to entrepreneurs through SaaS marketing and sales consulting, including inbound marketing, inbound sales, channels, and customer success. Their extensive network of partners and experts aids companies in accelerating their growth trajectories. With 15 total investments, they maintain an average round size of $1M and have a portfolio comprising 13 companies.
MrPink
Geography: Latin America
Preferred Industries: FinTech, AgTech, and EdTech
Investment ticket: Not Disclosed
Company stage: Pre-seed, Seed, Series A
MrPink, established in 2020 in Buenos Aires, is a venture capital firm targeting startups in CAPUC (Colombia, Argentina, Peru, Uruguay, and Chile). Their investments span diverse sectors like blockchain, AI, education, and more. Industry-agnostic but leaning towards domains like FinTech, AgTech, and EdTech, they focus on digital transformation's impact. Their mission is enhancing the Founder UX in South America, backing visionary founders who tackle future challenges. By avoiding the dominant markets, they bring a fresh perspective to investing in unproven yet brilliant founders.
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