Chile Ventures Research
Investment Thesis
Chile Ventures is a Santiago-based early-stage venture fund that invests in technology startups with recurring revenue: SaaS, subscriptions, licenses and memberships. Its homepage tagline is "We admire founders". The firm describes itself as sector agnostic and favors "bits before atoms", meaning software businesses with a product already in market. Its public materials say the fund wants companies that already have a product and early revenue, in Latin America or wanting to tap into the region.
Stage Focus
The fund targets early-stage companies with a live product and recurring revenue, roughly seed through early Series A. It runs a staged process: scouting, analysis with the General Partners, Investment Committee, then post-investment support. It reserves capital to invest more if a company performs as expected.
Check Size
The website states: "We invest between US$ 50k and 1m." Follow-on capital is available for companies that meet expectations.
Lead Tendency
Not stated publicly. The firm joins the startup's board, which suggests an active, hands-on role, but whether it leads or follows rounds is unverified, so lead tendency is recorded as unknown.
Funds and Recent Activity
The Chilean Venture Capital Association (ACVC) lists two vehicles for Chile Ventures: Fondo Acelera (target size about US$1.2M) and Fondo Next (target size about US$28M). The investment process references disbursement documentation to CORFO, Chile's development agency, which co-funds local VC vehicles. No dated new-fund announcement was verified, so fund status is unknown.
Portfolio Highlights
The portfolio page lists about 40 companies, mostly Chilean and Latin American SaaS and fintech businesses. Companies featured on the page include Healthatom (clinic management software), Vambe (AI sales and support agents for B2C companies in Latin America) and Shinkansen (bank-to-bank payment infrastructure). Others include Xepelin, Fintual, Zapping, SimpliRoute, AgendaPro, Envíame, Duemint, Chipax, Redelcom, ZeroQ, Kimche and Rocketfy. Logo filenames suggest AgendaPro, Genoma and Elipse are exited, but this was not verified from a primary source.
Team
- Felipe Matta, General Partner
- Marcelo Camus, General Partner
- Konrad Fernández, Scout (listed as Head of Scouting on third-party profiles)
Decision Process
Partnership model. A scout reviews the deck first, then founders meet the General Partners, who analyze KPIs and take the deal to the Investment Committee. After that come the term sheet, due diligence and documents.
Founder Preferences
Founders with recurring-revenue models and early traction who are already in Latin America or want to enter it. Post-investment, the firm offers a board seat, expert networks (inbound marketing, UX) and perks such as AWS and HubSpot credits, drawing on its experience with subscription business models.
Geographic Focus
Chile and Latin America. Portfolio companies are based in Chile, Mexico, Colombia and across the region. The firm is headquartered in Santiago, Chile (ACVC lists Miraflores 222, Santiago).
Gaps and Caveats
Public sources do not state ownership targets, reserve ratios, or whether the firm leads rounds. No dated investments or fund closes could be verified from primary sources, so no activity events are included. The portfolio list comes from the outbound links on the firm's portfolio section, and the company logos carried no readable captions. Sector tags are therefore a best fit: the portfolio skews toward B2B software and fintech infrastructure, consistent with the stated recurring-revenue thesis. The firm positions itself as a hands-on partner that sits on boards, so founders should expect active involvement after the check.