Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Fen Ventures is a venture capital firm founded in 2012, headquartered in Santiago, Chile, with additional offices in Mexico and the United States. The firm focuses on partnering with early-stage tech entrepreneurs from Spanish-speaking Latin American countries, excluding Brazil. Fen Ventures aims to support startups that have the potential to scale globally and create a positive impact in the region.
Currently, Fen Ventures operates three active funds with a total target size of $80 million. The firm has invested in over 100 startups across various sectors, demonstrating a commitment to fostering innovation in Latin America. The firm’s investment strategy emphasizes both commercial returns and social impact, aligning with its mission to transform industries and improve quality of life.
Notable milestones include the launch of Fund III, which targets 20-25 investments with average check sizes ranging from $3 million to $5 million. Fen Ventures has established a strong presence in 11 countries across Latin America, positioning itself as a key player in the region's venture capital landscape.
Fen Ventures invests primarily in early-stage companies, specifically in the pre-Seed, Seed, and Series A rounds. The firm adopts a generalist investment approach but emphasizes sectors such as fintech, SaaS, biotech, logistics, proptech, healthcare, and climate technology. This diverse focus allows Fen Ventures to tap into various growth opportunities within the tech ecosystem.
While the startups can be based outside Latin America, at least one founder must be from the region. This criterion ensures that the firm supports local talent and fosters innovation that resonates with the unique challenges and opportunities in Latin America. Fen Ventures seeks entrepreneurs who demonstrate a strong vision and the ability to scale their businesses globally.
The firm provides not only capital but also strategic support, leveraging its extensive network of co-investors and industry connections to help startups achieve their goals. Fen Ventures is committed to backing founders who are using technology to transform industries and improve quality of life in the region.
Fen Ventures has a diverse portfolio that includes over 100 startups across various industries. Notable portfolio companies include:
Cristóbal Silva: Managing Partner and co-founder of Fen Ventures, Cristóbal has extensive experience in venture capital and entrepreneurship. He has led numerous investments in early-stage tech companies across Latin America.
Ricardo Levy: Co-founder and Partner, Ricardo brings a wealth of knowledge in finance and investment strategies. He has been instrumental in shaping the firm's investment thesis and portfolio strategy.
Eduardo Beffermann: Venture Partner with a strong background in technology and business development, Eduardo focuses on identifying promising startups and guiding them through the investment process.
Leonidas Larraín: Venture Partner, Leonidas has a deep understanding of the Latin American market and works closely with portfolio companies to drive growth and innovation.
Olivia Valdés: Bio Venture Partner, Olivia specializes in biotech investments and supports startups in the healthcare sector with strategic insights and connections.
Javier Pedrals: Principal at Fen Ventures, Javier plays a key role in deal sourcing and due diligence, leveraging his expertise to identify high-potential investment opportunities.
José Ignacio Marín: Legal expert, José provides legal guidance and support to the firm and its portfolio companies, ensuring compliance and risk management.
Tomás Ugarte: Analyst, Tomás assists in research and analysis of potential investments, contributing to the firm's decision-making process.
Isidora Verdugo: Analyst, Isidora focuses on market research and portfolio management, helping to track the performance of investments.
Sofia Neumann: Communications specialist, Sofia manages the firm's public relations and marketing efforts, enhancing Fen Ventures' visibility in the venture capital space.
To pitch to Fen Ventures, founders should visit their website and submit their proposals through the designated channel. The firm prefers detailed pitch decks that include information on the business model, market opportunity, competitive landscape, and team qualifications. Founders should expect a response within a few weeks, and warm introductions are encouraged to enhance the chances of engagement.
In early 2026, Fen Ventures announced two new investments, further expanding its portfolio of early-stage tech startups in Latin America. The firm has been actively sharing insights through blog posts, discussing investment trends and market analyses relevant to the region.
In 2025, Fen Ventures noted a significant increase in regional startup investments, reporting a 51% rise compared to the previous year. This growth reflects the increasing interest and activity in the Latin American venture capital landscape.
Fen Ventures continues to engage with the startup community, providing valuable resources and support to entrepreneurs aiming to make a positive impact through technology.
What are Fen Ventures' investment criteria?
Fen Ventures primarily invests in early-stage tech startups in the pre-Seed, Seed, and Series A stages. They focus on sectors such as fintech, SaaS, biotech, logistics, proptech, healthcare, and climate technology. At least one founder must be from a Spanish-speaking Latin American country.
How can I apply or pitch to Fen Ventures?
Founders can pitch their ideas through the firm's website at fenventures.com. They encourage detailed presentations that outline the business model, market opportunity, and team background.
What makes Fen Ventures different from other VC firms?
Fen Ventures combines a focus on commercial returns with a commitment to social impact. They actively support their portfolio companies with strategic guidance and access to a network of co-investors and industry experts.
What is the geographic scope of Fen Ventures?
Fen Ventures invests in startups across Spanish-speaking Latin America, with a particular emphasis on countries excluding Brazil. They have a presence in 11 countries in the region.
What is the typical check size for investments?
The average check size for investments from Fen Ventures ranges from $3 million to $5 million, particularly for their Fund III.
What kind of post-investment involvement does Fen Ventures have?
Fen Ventures provides ongoing support to its portfolio companies, including mentorship, operational guidance, and assistance in scaling their businesses. They leverage their extensive network to facilitate growth opportunities.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.