This post is the second in a series about Latin American startup ecosystems. Greg Mitchell, Managing Director at Angel Ventures Peru, provided much of the research for this post. Thanks Greg! Read the post on the Chilean Venture Capital, Highlighting Latin American Startups.
Angel Ventures, a Mexico-based VC, has a local presence in Peru through its Angel Ventures Peru branch office. Angel Ventures Peru has sourced deals from Latin America for the regional fund, but the fund has yet to make an investment in a Peru-based company.
The Peruvian government, through the Ministry of Production has a program to support local incubators and accelerators.
Endeavor – Endeavor is a global organization that promotes high impact entrepreneurs. It arrived in Peru three years ago and has been a leader developing the ecosystem.
Wayra – Wayra Peru is part of the investment arm of Telefonica. They invest in startups generally with $50k + $25k of services for 5-10% equity on convertible notes. They prefer technology companies that can be Telefonica clients or have products that can integrate into its other solutions. (more…)