4. INTEREST
NO INTEREST
BANK LOAN
CREDIT CARD DEBT
CONVERTIBLE NOTE (PRE
CONVERTION)
SOME FFF LOANS
CONVERTIBLE NOTE (POST
CONVERTION)
SOME PREFFERED EQUITY
SOME FFF LOANS
GRANTS
PRIZES
SAVINGS
SOME NON PREFERED EQUITY
SOME STRATEGIC ALIANCES
SOME EOM (PROVIDERS)
PARTNERSHIPS
NO EQUITY
EQUITY
4
5. CURRENT FUNDING STAGES IN LATAM
SEED
INVESTMENT
EARLY STAGE
INVESTMENT
VC INVESTMENT
(SERIES A)
ROUND SIZE IN
LATAM
$10K
to $150K
$150K
to $750K
$750
to $3MM+
TARGET COMPANIES
8K
4K
1K
DEALS/ YEAR
3K
300
60
FUNDING SOURCES
Country specific:
government, angels,
accelerators
Country specific
funds
Many country
specific funds, new
regional funds
INTERNATIONAL
FUNDING
Few
Few
Much
EVOLUTION
Numerous
accelerators
Many country
specific fund in the
making
Many regional funds
in the making
5
14. Up to USD 10k to 40k
Pre product/ market fit
Startup Brazil, 8 accelerators, 5 to 10%
equity
Mina Gerais SEED Program
14
15. USD 25K to USD 50K
Pre product/ market fit
Funding: Wayra, 21212, Pipa, Papaya Ventures,
TreeLabs,
25+ programs
15
16. USD 100k to USD 300k for equity
Post revenue
Confrapar, 21212, Initial Capital
16
17. USD 750k or more
Internationalization
Monashees Ventures, E Redpoint Ventures, Intel
Capital, Accel Partners, Kazsek and 30 Ventures
Capital Funds more
17
34. Easy to land and start selling
Per capita GDP and Purchasing Intend higher in LA
Huge number of big companies/ retailers
Special trade agreements with US, Asia and Andes
Legal and monetary security
Si, hablan español!
34
35. Accelerators, Universities, NGOs, Funds,
Companies and Government all work together
All stages represented, from seed to series B
CORFO (Government agency) finances private
initiatives
Chilean entrepreneurs have been in SV since 08
Companies are investing in startups
Chile welcomes all!
35
36. USD 40K reimbursable grant
Pre product- market fit
Apply online 6 times a year
36
37. Up to USD 120k. 5 to 10%
Pre product/ market fit
CAPITAL SEMILLA: Through network of
more than 10 accelerators such as
IncubaUC
Wayra, Movistar Innova
37
38. USD 50to USD 150k for equity
Pre product/ market fit
Chile Global Angels, Mujeres Empresarias,
Others
38
40. USD 750k or more
Internationalization
Inversur Ventures, Austral Capital, Aurus
Capital, CoPec-Uc, Nazca Ventures (follow on)
40
41. Very limited, local angel investment, no funds
Gov. support, some funds, open to foreigners
Gov. support, many funds, much competition
Gov support, no previous experience, some funds
Some funds, incomplete ecosystem
Limited involvement in Lat Am. Series A onwards
Uruguay, Peru.
41
42.
43. Early stage tech startups.
USD 250K to USD 750K, co-investment.
Companies with a Chilean-based corporation.
Capital to grow and internationalize.
Transform local tech startups into regional/
global players.
All investors and partners are entrepreneurs.
43
45. Active involvement of partners and investors as mentors and
board members. Help with positioning, execution, others.
Implementation of financial reports and operational KPIs for
data driven decision making.
Commitment to share our broad network in each industry,
towards the development of partnerships and regional /
global growth.
Explore synergies within the portfolio to increase sales,
optimize resource allocation and increase exit potential.
Local investors will help startups soft land in each country,
including access to HR, service providers and office space.
Prepare companies strategically to increase valuation and
access top notch investors in their next rounds.
45
46. ALAN
FARCAS
PARTNER
Public and
Institutional
Affairs
•
•
•
•
FELIPE
HENRIQUEZ
MEYER
PARTNER
Finance
•
•
•
•
SANTIAGO
CANIGGIA
BENGOLEA
PARTNER
Corporate
Affairs
VANESA
KOLODZIEJ
PARTNER
Entrepreneurs
Relations
EDUARDO
AMADEO
PARTNER
Operations
Managing Director, Universidad Adolfo Ibañez, Business School
Managing Director, Endeavor Chile
Engineer, Universidad de Chile. Masters in Innovation,
Universidad Carlos III. Executive Business Program, IESE /Wharton
Angel investor
Co-founder and CFO, Groupon LatAm (except Brazil)
Co-founder, Café Orígenes
Engineer, Universidad Diego Portales. ECLA, Entrepreneurship
Program at Columbia University NYC
Angel investor
•
•
•
•
Corporate Affairs and Co-founder, Faro Capital, sustainable
agricultural fund
Founder, Bodega del Plumerillo (Winery)
Lawyer, Ernst & Young
ECLA, Entrepreneurship Program at Columbia University NYC
Angel investor
•
•
•
•
Co-founder of three tech companies, including Bumeran
Entrepreneur in Residence, Mark Ventures
Co-founder, Palermo Valley
BA, Universidad de San Andrés. Entrepreneurship, Babson College
•
•
•
Co-founder, Buenos Aires Emprende
BA, Universidad Di Tella; MBA, Universidad de San Andrés
SMsB consultant with over 15 years experience
•
