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Top 12 Venture Capital Firms in Chile [2022]

2021 was a record year for startup funding in Chile: venture capital firms invested a whopping $2.9 billion, up from a mere $160M in 2020..!

Whether you are raising seed, Series A or higher, in this article we have listed our top picks of the best venture capital firms in Chile, each with their industry focus and investment size. So, if you haven’t yet started to reach out, here is a good place to start learning about them.

Note: this article is part of a series where we present you the top Venture Capital firms across the world. Have a look at the complete list here.

Looking for the top startup incubators and accelerators in Latam instead? Check out our ranking here.

Top 12 Venture Capital Firms In Chile

Here’s a summary of our top 12 picks for the best venture capital firms in Chile (in alphabetical order):

NameSector focusInvestment stageInvestment rangeInvestments
Alaya CapitalTech-enabledSeed, Series AUndisclosed34
Austral CapitalB2B TechSeed, Series AUndisclosed12
Chile Global Ventures (FCH)Foodtech, AgTech, SmartCities, Mining, CleanTech, Logistics & RetailSeed, Series A$200k to $1M66
Chile VenturesTechnologySeed$50k to $500k25
DadneoSector AgnosticSeed, Series AUndisclosed26
DevLabsB2B Software, Renewable Energy, Agri-businessSeed, Series A$25-$300kUndisclosed
Fen VenturesTechnologySeed, Series AUndisclosed28
Genesis VenturesFinTech, HealthTech, EduTech, AgroTech, and Tech-RelatedSeed to Series A+$1 to $10M7
KayyakTech-enabledSeed, Series A$1M-$4M20
Magma PartnersFintech, Insurtech, APIs, Marketplaces, SaaS, DTC, Edtech and moreSeed, Series A$25k to $5M74
Manutara VenturesTechnologySeed$1M10
Scale CapitalFinTech, Media, AISeed, Series AUndisclosed8

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1. Alaya Capital

Alaya Capital is a well-known venture capital firm that has a physical presence in Chile, Argentina, and the United States. This venture capital firm invests only in tech-enabled companies. The firm offers early-stage (that is, Seed and Series A) funding to high-potential startups.

Interestingly, Alaya Capital looks for companies that work with disruptive technology and have a clear vision.

Unfortunately, Alaya Capital does not disclose the exact investment amount. So far, this venture capital firm has invested in 34 companies across various tech-enabled sectors like fintech, insurtech, edtech, and more. Some of the companies that the firm has invested in include Axend, Betterfly, Chattigo, and 123Seguro, among others.

2. Austral Capital

Located in Santiago, Chile, Austral Capital is a venture capital firm dedicated to proving Seed and Series A investments to companies operating in the B2B tech segment. What is interesting is that this venture firm does not invest in any other sector.

In general, Austral Capital looks for companies that have the ability to scale up globally and transform the future. Unfortunately, this venture firm does not disclose the exact investment amount anywhere on its website. But it has so far invested in 12 companies, some of which are Paperless, Scanntech, Multicaja, Scopix, and Las Pampas, among others.

3. Chile Global Ventures (FCH)

Chile Global Ventures is a famed venture capital firm that is located in Santiago, Chile. This venture firm offers Seed and Series A funding to selected companies. However, this firm selects companies that are operating in Foodtech, AgTech, SmartCities, Mining, CleanTech, Logistics & Retail sectors only.

As far as the check size is concerned, Chile Global Ventures usually writes a check of anywhere between $200k and $1M. So far, Chile Global Ventures has invested in 66 companies, some of which are Admetricks, Agrapp, Bepretty, Becual, Conectter, Edoome, and Hacknoid, among others.

4. Chile Ventures

Chile-based Chile Ventures is a well-known venture capital firm that offers Seed funding to technology startups. In general, Chile Ventures offers $50k to $500k to tech startups. However, it is important to note that the companies applying for funding from Chile Ventures should have a recurring revenue model (such as licenses, SaaS, subscriptions).

Apart from funding, this venture capital firm also offers various perks and provides contacts, knowledge, and insights to its portfolio companies.

So far, Chile Ventures has invested in 25 companies, some of which are Zapping, GenomaWork, Gauss Control, Chipax, Kwali, Awto, and Forged, among others.

5. Dadneo

Dadneo is a popular venture capital firm operating in Chile. This venture capital firm offers Seed and Series A investments. There are a few interesting things one should know about Dadneo is that it not only invests in startups but also connects them with the venture capital industry of Chile.

Apart from funding, Dadneo also offers mentorship, insights, networking opportunities, and other help to its portfolio companies.

Unfortunately, Dadneo does not disclose the exact investment amount anywhere on its website. So far, Dadneo has invested in 26 companies, some of which are Pleiq, Sosafe, Monitor, Wineprints, Turingo, Curvilux, and Rootman, among others.

6. DevLabs

Yet another prominent venture capital firm located in Chile is DevLabs. This venture capital firm is also located in Jamaica, California, Colombia, and Honduras. This firm focuses on investing in companies that are operating in the B2B Software, Renewable Energy, and Agri-business sectors.

DevLabs offers Seed and Series A funding, it usually writes a check of anywhere between $25k to $300k. However, the investments come against equity participation in the company.

This venture capital firm invests only in high-growth software startups, but it does not disclose the total number of investments it made.

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7. Fen Ventures

Santiago, Chile-based Fen Ventures is one of the most prominent venture capital firms that focus on technology companies and offers Seed and Series A funding. However, Fen Ventures is very selective about the companies. It looks for companies that generate environmental and positive social impact.

It is not that Fen Ventures only invests money. In fact, the firm actively works along with its portfolio companies and provides mentorship and networking opportunities. Unfortunately, Fen Ventures does not disclose the exact investment amount.

So far, this venture firm has invested in 28 companies, some of which are Wibond, Vita Wallet, Ameiz, Spora, FlyCrew, and Reveniu, among others.

8. Genesis Ventures

With a physical presence in Santiago (Chile), Latam, USA, Israel, and Europe, Genesis Ventures is a popular venture capital firm that offers Seed to Series A+ investments to companies operating in FinTech, HealthTech, EduTech, AgroTech, and Tech-Related sectors.

The minimum check size that Genesis Ventures offers is $1M to $10M. What is interesting is that apart from funds, this venture capital firm also offers mentoring and networking opportunities through local teams.

So far, Genesis Ventures has invested in only 7 companies, which are Mudang.com, Instacrops, Wenu Work, SoSafe, Predictable Media, Bolsas Reutilizables.com, and amiPASS.

9. Kayyak

Kayyak is a prominent venture capital firm located in Chile. This venture capital firm offers Seed and Series A investments to tech-enabled companies. The firm usually looks for companies that have a significant profit margin, and also have capital-efficient business models.

The average investment size from Kayyak Ventures is anywhere between $1M and $4M, but they can invest more in successive rounds. The venture firm either leads the investments or participates in investments.

So far, this venture firm has invested in 20 companies, some of which are Xepelin, Foodology, Fairplay, Marco, Migrante, and Webdox, among others.

10. Magma Partners

With a physical presence in Chile, Argentina, Mexico, Colombia, and the United States, Magma Partners is one of the largest and most popular venture capital firms that are operational today. This venture firm offers Seed and Series A investments.

The primary sectors in which this firm is interested are Fintech, Insurtech, APIs, Marketplaces, SaaS, DTC, Edtech, and several other sectors, and it usually writes a check of anywhere between $25k and $5M.

Magma Partners not only provides funding, but also offers hands-on mentorship and offers insights, networking connections, and more.

So far, Magma Partners has invested in 74 companies, some of which are Omni, On Top, Albo, Billpocket, Vexi, and Eyecue, among others.

11. Manutara Ventures

With more than 15 years of venture funding experience, Manutara Ventures is one of the most important venture capital firms operating in Santiago, Chile. This venture capital firm offers Seed and Series A funds to technology companies. The check size that Manutara Ventures writes for each of its portfolio companies is $M.

This venture firm has invested in 10 companies so far. Some of those companies include ETpay, Iwana Cash, Xepelin, OpenHome, Camel Secure, and IPSUM SpA, among others.

Apart from providing funds, the Manutara Ventures also offers mentoring and networking opportunities along with critical business and market insights whenever required.

12. Scale Capital

With a physical presence in Santiago (Chile), London, and Miami, Scale Capital is yet another venture capital firm that offers early-stage venture funding (that is, Seed and Series A funding).

Scale Capital is focused on those companies that are operating in the Fintech, Media, and AI sectors. Unfortunately, Scale Capital never discloses the exact investment amount anywhere on its website, but it is quite reasonable to assume that the amount of money this firm invests in a company depends on its stage and needs.

So far, Scale Capital has invested in only 8 companies, which are Inbenta, MediaStream, Zyght, Pago, Fracttal, U-Planner, Simple, and SimpleTV.

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