Latin America's vibrant startup ecosystem extends far beyond its largest markets. While countries like Brazil, Argentina, and Mexico often dominate the headlines, the region's emerging ecosystems are making waves of their own. In nations such as Guatemala, Ecuador, Bolivia, and Paraguay, venture capital firms are stepping up to fuel innovation, create opportunities, and nurture high-potential startups. This article highlights the most active VC firms in LATAM’s emerging ecosystems, showcasing the influential players driving growth in underrepresented markets and their commitment to shaping the region's entrepreneurial future.

BuenTrip Ventures

• 🏦 HQ: Quito, Pichincha, Ecuador

• 👨‍💻👩‍💻 Leadership: Fernando Rivera, Carmen de la Cerda

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: 1mentor, Altscore, BucksApp

Carao Ventures

• 🏦 HQ: San José, Costa Rica

• 👨‍💻👩‍💻 Leadership: Allan Boruchowicz, Edwin Meyers

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Tesorio, Thrive, Aviva, Boxful

Caricaco VC

• 🏦 HQ: Escazu, Costa Rica

• 👨‍💻👩‍💻 Leadership: Amadeo Quiros M.

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Vitrinnea, Snap Compliance, TobiPets

Cibersons

• 🏦 HQ: Asunción, Paraguay

• 👨‍💻👩‍💻 Leadership: Cristian Cibils, Gabriela Cibils Bernardes

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Kushki, Bobo, Cargo x, Toky

Colabora Ventures

• 🏦 HQ: San Salvador, El Salvador

• 👨‍💻👩‍💻 Leadership: Alfredo Atanacio Cader, Rodolfo Schildknecht

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Krepling, Yec, TelloTalk

Escalatec

• 🏦 HQ: La Paz, Bolivia

• 👨‍💻👩‍💻 Leadership: Viviana Coloma, Álvaro Villarroel

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: izi, Cuponet, Luka, DeltaX, EnvíosPet

Innogen Venture Capital

• 🏦 HQ: San Salvador, El Salvador

• 👨‍💻👩‍💻 Leadership: Christian Quiñonez Sol, Rodrigo Dumont Eserski, Fernando Moran Eserski

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Koibanx, Yofio, Producteca

Invariantes

• 🏦 HQ: Guatemala

• 👨‍💻👩‍💻 Leadership: Fernando Pontaza

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Luminar, Cook Unity, Glovo

iThink VC

• 🏦 HQ: Asunción, Paraguay

• 👨‍💻👩‍💻 Leadership: Jazmín Gustale Gill, Juan Cruz Valdez Rojas

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Bankingly, Moova, ViewMind, Kilimo

Venture Do

• 🏦 HQ: Santo Domingo, Dominican Republic

• 👨‍💻👩‍💻 Leadership: Jorge Vargas

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Ruedata, AlterEstate, Nippy, Avify

The rise of venture capital firms in Latin America's emerging ecosystems underscores the region's evolving entrepreneurial landscape. By investing in startups with transformative potential, these firms are not only fostering local innovation but also placing their respective countries on the global startup map. Whether supporting groundbreaking fintech solutions or sustainable tech initiatives, these VCs are instrumental in unlocking opportunities for growth and development. As these ecosystems mature, they promise to become increasingly significant hubs for investment and innovation. Explore the full list of these pioneering firms and discover how they’re shaping the future of LATAM’s startup scene.