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Founded in 2020, Marathon Ventures is a venture capital firm based in Bogota, Colombia, dedicated to supporting early-stage startups in Latin America. With a fund size of $26 million, Marathon Ventures focuses on investing in B2B solutions that drive innovation and economic growth in the region. The firm aims to build impactful companies that enhance social mobility and transform industries in emerging markets. Marathon Ventures is recognized as one of Colombia's largest venture capital funds, with a commitment to fostering talent and innovation. The firm closed its first fund in February 2022, with plans to invest in approximately 20 startups across sectors such as fintech, B2B software, and marketplaces. The leadership team, including Operating Partner Pablo Navarro and Alejandro Echavarria, emphasizes a talent-focused approach to maximize the potential of their portfolio companies. Marathon Ventures is well-regarded for its deep understanding of the Latin American market and its ability to navigate the unique challenges faced by early-stage founders.
Marathon Ventures specializes in early-stage investments, particularly in the pre-seed, seed, seed+, and Series A stages. The firm is particularly interested in sectors such as fintech, SaaS, commerce, and healthcare, with a strong emphasis on B2B solutions that can drive significant innovation. Marathon Ventures seeks to partner with product builders who are redesigning industries in Latin America, providing them with the necessary resources and support to catalyze their growth. The firm typically invests between $250,000 and $1 million in each startup, allowing them to scale effectively while addressing the unique challenges of the Latin American market. By focusing on sectors that are ripe for disruption, Marathon Ventures aims to enhance social mobility and economic growth through impactful solutions that resonate with local needs and conditions.
Marathon Ventures has built a diverse portfolio of 10 companies, each contributing to the transformation of their respective industries in Latin America. Notable investments include TUL, a technology company revolutionizing the construction materials market through a centralized app for hardware retailers; EXTENDEAL, a healthtech vertical SaaS that streamlines purchasing for the pharmaceutical industry; and MERU, a B2B marketplace for auto parts serving the automotive aftermarket. Other significant portfolio companies include ESTOCA, which offers self-service logistics management software for SMEs; WELBE, a platform enhancing employee healthcare; and NEIVOR, a vertical SaaS for property management. Additionally, SEERI improves B2B sales efficiency, while SUMER provides eCommerce tools for micro businesses. FANKI focuses on fan monetization for sports teams, and KALTO facilitates online checkout for B2B merchants. This diverse portfolio reflects Marathon Ventures' commitment to supporting innovative solutions that address the needs of the Latin American market.
Pablo Navarro: Operating Partner at Marathon Ventures, with extensive experience in the Latin American startup ecosystem.
Alejandro Echavarria: Notable team member referenced in various media outlets, contributing to the firm's strategic direction and investment decisions.
To pitch Marathon Ventures, founders should visit their website at marathonvc.com. The firm is open to both warm introductions and cold applications, and pitches should clearly outline the business model and growth strategy.
Marathon Ventures closed its first fund of $26 million in February 2022, aiming to inject more capital into Colombia's startup ecosystem. This fund is expected to support approximately 20 startups in the fintech, B2B software, and marketplace sectors, enhancing the growth of innovative companies in Latin America.
Marathon Ventures invests in early-stage companies, specifically at the pre-seed, seed, seed+ (extension), and Series A stages. This focus allows them to support startups from their inception through their initial growth phases.
Founders interested in pitching Marathon Ventures can do so through their website at marathonvc.com. The firm welcomes pitches from both warm introductions and cold applications, emphasizing the importance of a clear business model and growth potential.
Marathon Ventures primarily focuses on sectors such as fintech, SaaS, commerce, and healthcare. They are particularly interested in B2B solutions that can drive innovation and economic growth in Latin America.
The typical check size for Marathon Ventures ranges from $250,000 to $1 million. This range allows them to provide substantial support to early-stage companies as they scale.
Marathon Ventures invests primarily in Latin America, with a strong emphasis on Colombia. They aim to support startups that are addressing local market needs and challenges.
Marathon Ventures offers a 360-degree support approach to its portfolio companies, helping them navigate the challenges of early-stage growth. This includes mentorship, operational support, and access to a network of industry experts.
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