Venture capitalist firm Latin Leap has arrived in Latin America with a $25 million fund targeted at early-stage companies.
Launched in 2019 in Singapore, Latin Leap is a Venture Capital Studio (VC Studio) established to create a unique investment platform to soft-land purpose-driven tech companies in Latin America and provide market access for international scale-ups to deploy in the region.
The VC firm already with a significant presence in Asia and it is now expanding its operations to Latin America by opening a headquarters in Colombia. The plan is to invest in 15 tech companies over the next three years, mainly from Mexico, Colombia, Peru, and Chile the VC said in a statement.
Its main focus of investments would be in the fintech, healthtech, edtech, proptech, mobility and AI-focused tech sectors of early-stage startups.
Latin Leap's arrival in Latin America comes at a time when there is a lot of uncertainty in the startup ecosystem due to the macroeconomic problems that began in 2022 and the more recent collapse of Silicon Valley Bank (SVB).
Prior to its official arrival in Latin America, the new VC fund had already invested US$5 million last year in companies based in different countries in the region, such as Habi, Meru, Valoreo, Farmalisto, Cornershop, Elenas, Luable, Talently, Cubo, KB, Grizon, Vozy, Treggo, and Vecindario.