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Salkantay Ventures is an early-stage venture capital fund established in January 2020, headquartered in Lima, Peru. The fund closed its first investment vehicle, the Salkantay Exponential Fund LP, at $26 million in September 2022, marking it as Peru's largest VC fund at the time. The firm primarily targets Spanish-speaking countries in Latin America, with a particular emphasis on the Andean region, including Peru and Colombia. Salkantay Ventures aims to support founders and startups that leverage technology to address critical challenges in the region, focusing on human improvement, economic development, and sustainability.
The fund has a target portfolio of up to 25 technology-based startups, investing from pre-seed through Series A stages. Salkantay Ventures has built a diverse LP base, including development finance institutions such as the Dutch Good Growth Fund, Bancóldex, and IDB Lab, which committed $4.5 million, marking its first investment in a Peruvian VC fund. This backing underscores the fund's commitment to impact-oriented investing.
Since its inception, Salkantay Ventures has made significant strides in the venture capital landscape of Latin America, positioning itself as a pioneer in the region. The firm has a strong focus on creating a positive impact while generating financial returns, aligning its investment strategy with the pressing needs of the local market.
Salkantay Ventures invests in early-stage companies, specifically from pre-seed to Series A, with a strategic focus on three main themes: Human Improvement, Economic Development, and Sustainable Planet. The Human Improvement theme encompasses sectors such as EdTech, JobTech, and HealthTech, aiming to enhance education, training, and wellness across Latin America. Economic Development focuses on FinTech, PropTech, and SaaS, targeting productivity enhancement through digitization and financial inclusion.
The Sustainable Planet theme includes AgTech, Climate Tech, and Smart Cities, addressing climate change mitigation and responsible resource consumption. This comprehensive investment strategy allows Salkantay Ventures to support startups that not only drive innovation but also contribute to societal and environmental betterment. The firm seeks founders who are passionate about their missions and demonstrate a strong understanding of the challenges faced in the Latin American market.
Salkantay Ventures has invested in a total of 23 startups, showcasing a diverse portfolio across various sectors. Notable companies include:
Other portfolio companies include:
This diverse portfolio reflects Salkantay Ventures' commitment to investing in technology-driven solutions that address critical challenges in Latin America.
Martín Aspillaga - Co-Founder and Partner. Martín transitioned from private equity to venture capital in 2018 and has been instrumental in shaping Salkantay Ventures' investment strategy.
Guillermo Miró Quesada - Co-Founder. Guillermo brings extensive experience in the Latin American market and plays a key role in sourcing and evaluating investment opportunities.
Luis Arbulú - Partner. Luis is an entrepreneur and investor with a background in venture capital in both Latin America and Silicon Valley. He serves as the primary external-facing voice for the fund.
Laura Maydón - Investment Committee Member. Laura joined in 2021 and has a background as a tech operator and investor, contributing to the fund's ecosystem-building efforts.
Lucía Montalvo - VP of Investments. Lucía focuses on identifying and supporting high-potential startups within the fund's investment themes.
Belissa Rojas - Entrepreneur-in-Residence (EIR). Belissa specializes in impact measurement and management, ensuring that the fund's investments align with its social and environmental goals.
Alfonso Montero - Recently joined the Salkantay Partners team, contributing to the firm's growth and investment strategy.
To pitch Salkantay Ventures, founders should use the preferred channel of email, sending their pitch deck to info@salkantay.vc. The pitch deck should include essential information such as the business model, market analysis, competitive landscape, and team background. Founders are encouraged to provide clear and concise information that highlights the startup's potential impact and alignment with Salkantay's investment themes.
Response times may vary, but founders can generally expect feedback within a few weeks. Warm introductions are beneficial but not mandatory. The firm values direct communication and is open to reviewing unsolicited pitches that meet their investment criteria.
In recent months, Salkantay Ventures has made notable investments, including leading a $1.5 million Seed round for Guama, a startup focused on addressing regional challenges. Additionally, the firm has invested in Equip Construye, a construction tech startup that aims to streamline procurement processes.
As of August 2025, Salkantay Ventures has a total portfolio of 22 companies, with plans to reach 25 investments by the end of the year. The firm continues to focus on expanding its presence in the Latin American market, particularly in the Andean region.
In September 2022, Salkantay Ventures closed its first fund at $26 million, receiving significant recognition from media outlets such as TechCrunch and LatamList. The fund's impact-oriented approach has garnered attention from development finance institutions, further validating its mission and investment strategy.
What are Salkantay Ventures' investment criteria?
Salkantay Ventures focuses on early-stage companies in Spanish-speaking Latin America, particularly in sectors such as edtech, fintech, healthcare, agtech, climate tech, proptech, and SaaS. The fund invests from pre-seed through Series A stages, targeting startups that leverage technology to address regional challenges.
How can founders apply or pitch to Salkantay Ventures?
Founders can pitch their startups by visiting the Salkantay Ventures website at salkantay.vc or by emailing their pitch deck to info@salkantay.vc. It is advisable to include a clear description of the business model, market opportunity, and team background in the pitch.
What makes Salkantay Ventures different from other VC firms?
Salkantay Ventures distinguishes itself through its focus on impact-oriented investing, with a strong emphasis on human improvement, economic development, and sustainability. The fund's LP base consists primarily of development finance institutions, which reinforces its commitment to generating positive social and environmental outcomes alongside financial returns.
What is the geographic scope of Salkantay Ventures?
The firm primarily invests in Spanish-speaking countries in Latin America, with a particular focus on the Andean region, including Peru and Colombia. This regional focus allows Salkantay Ventures to address specific challenges faced by startups in these markets.
What is Salkantay Ventures' approach to post-investment involvement?
Salkantay Ventures provides more than just capital; it offers strategic guidance, access to a robust network of industry contacts, and support in navigating the unique challenges of the Latin American market. The fund's team brings extensive experience and a deep understanding of the regional landscape, enabling portfolio companies to scale effectively.
What is the size of Salkantay Ventures' fund?
The Salkantay Exponential Fund LP, which is the firm's first fund, closed at $26 million in September 2022. The firm is targeting a second fund of $50 million, reflecting its growth ambitions and commitment to supporting more startups in the region.
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