Pygma

Pygma is a pre-seed accelerator founded in 2021 through a merger between Buildup Camp, a startup academy from the Netherlands, and Acanof, a data-driven accelerator from Latin America. It is based in Colombia and focuses on supporting Latin American and U.S. founders, particularly in the fintech and B2B SaaS sectors.

Pygma invests in fintech and B2B SaaS startups, primarily targeting early-stage companies in Latin America and among LatinX founders in the U.S. The organization offers an Equity-Free Program and a 1% Equity Program, emphasizing collaboration, business development, and a supportive community.

Pygma offers mentorship, access to capital, a supportive community, and valuable deal flow to help founders navigate challenges and achieve growth.

<p><strong>What are the eligibility criteria for Pygma?</strong></p><p>Pygma targets early-stage fintech and B2B SaaS startups, particularly those founded by Latinx entrepreneurs in Latin America and the U.S. Founders should demonstrate a commitment to building scalable solutions in these sectors.</p><p><strong>How does the application process work?</strong></p><p>Interested startups can apply through Pygma's application page at <a href='https://pygma.co'>pygma.co</a>. The application process typically involves submitting a pitch deck and answering specific questions about the business model and team.</p><p><strong>What are the deal terms for accepted startups?</strong></p><p>Pygma offers a 1% equity stake in exchange for investments ranging from $5,000 to $50,000. Additionally, there is an Equity-Free Program available for startups that prefer not to give up equity at this stage.</p><p><strong>What can startups expect during the program?</strong></p><p>Participants can expect a structured 12-week program that includes mentorship, workshops, and networking opportunities. Founders will receive hands-on support to help them navigate challenges and achieve growth.</p><p><strong>What makes Pygma different from other accelerators?</strong></p><p>Pygma focuses specifically on Latinx tech founders in the fintech and B2B SaaS sectors, providing tailored support and access to a network of investors and industry experts. The emphasis on collaboration and community sets Pygma apart from traditional accelerators.</p><p><strong>What are the success metrics for alumni?</strong></p><p>Pygma reports a 3.5x MOIC in 18 months and $7.1M raised by post-program startups, indicating strong performance and growth among its alumni.</p>