# CORFO

> CORFO is a VC fund in Santiago backing Software and SaaS. See 119 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Santiago, Chile
- Total investments: 119
- Last investment: Oct 2025
- Lead investor: 42%
- Last fund: Dec 2017
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/58338
- X (Twitter): http://twitter.com/corfo
- Website: http://www.corfo.cl
- Facebook: http://www.facebook.com/CorfoChile

CORFO is an executing agency of government policy in the field of entrepreneurship and innovation, through tools and instruments compatible with the central tendencies of a social market economy, creating the conditions to achieve building a society of opportunities.

## Contacts

5 contacts available for CORFO. Shizune tracks 11 team members at CORFO. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/corfo?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $20k–$200k |
| Grant | $19k–$162k |
| Pre-Seed | $20k–$280k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 28 | 24% |
| SaaS | 16 | 13% |
| Artificial Intelligence | 16 | 13% |
| Information Technology | 13 | 11% |
| E-Commerce | 11 | 9% |

153 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 31 | 26% |
| Grant | 31 | 26% |
| Pre-Seed | 24 | 20% |
| Funding Round | 5 | 4% |
| Non-equity Assistance | 2 | 2% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Chile | 72 | 61% |
| Argentina | 5 | 4% |
| Peru | 1 | 1% |
| Spain | 1 | 1% |
| Brazil | 1 | 1% |

10 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Alfredo Moreno Charme | Council Member on CORFO Minister of Foreign Affairs | 0 | https://shizune.co/investors/profile/alfredo-moreno-charme |
| Bruno Baranda | Council Member on CORFO Minister of Social Development | 0 | https://shizune.co/investors/profile/bruno-baranda |
| Felipe Larraín Bascuñan | Council Member on CORFO Minister of Finance | 0 | https://shizune.co/investors/profile/felipe-larran-bascuan |
| Felix de Vicente Mingo | President of CORFO Council Minister of Economy, Development and Tourism | 0 | https://shizune.co/investors/profile/felix-de-vicente-mingo |
| Fernando Gouveia | Judge/ Selection Committee | 6 | https://shizune.co/investors/profile/fernando-gouveia |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Candel Medical Company | Candel combines conventional therapy with neuromodulation techniques and offers personalized remote therapy through a neurorehabilitation device (tES) and a multi-device mobile application. The devices are plug&play, have real time monitoring, and the possibility of remote access by professionals to follow up the therapy in their patients. | $162K | Grant | Oct 22, 2025 |  |
| DataRoot | DataRoot provides data science and AI solutions, helping businesses leverage data for growth and optimization. | $1.2M | Seed | Jul 28, 2025 |  |
| Califix Compliance | Califix Compliance is a SaaS platform that automates contractor audits for industries like mining, energy, and the environment. By aggregating financial, legal, and regulatory data in real time, Califix reduces compliance processes from months to seconds, enabling sustainable operations and helping companies avoid risks, fines, and operationaldelays. | $120K | Seed | Jun 01, 2025 |  |
| Luyef Biotechnologies | Luyef is a Deep Biotech startup pioneering next-gen solutions in precision fermentation and cell-based technology. By developing cutting-edge technology to produce high value animal-derived compounds directly from cell cultures, we deliver sustainable, animal-free, and cost-effective solutions in food, cosmetics, and biomedicine. | $1.3M | Grant | Dec 06, 2024 |  |
| WEELOCK | Weelock is a vertical AI agent and SaaS platform that triples nutritionists' capacity while increasing their monthly income. Founded in 2022 and based in Santiago, Chile, Weelock addresses the critical inefficiencies in nutrition healthcare delivery across Latin America, where 82% of the adult population is projected to be overweight by 2030.What We Do: Weelock automates the administrative burden for nutrition professionals through AI-powered diet creation (reducing creation time from 3-5 hours to seconds), seamless integration with health insurance systems (FONASA/ISAPRES), automated appointment scheduling, wearable device integration, and online blood test management. Our platform enables nutritionists to focus on patient care rather than paperwork. Business Model: We operate a hybrid monetization model combining monthly SaaS subscriptions (tiered from $25-$120 USD based on patient capacity), transaction fees on insurance claims (7% commission), and future revenue streams including laboratory services and white-label solutions. | $25K | Grant | Jul 30, 2024 |  |
| EMMA Energy | EMMA is software that, through data analysis, helps companies reduce their energy consumption. Collects and analyzes consumption and production data to provide information on the energy efficiency of the operation and personalized recommendations so that users can reduce energy consumption in a sustained manner, managing to lower the costassociated with energy and also reduce the footprint. carbon by at least 15%. | $29.4K | Grant | Jul 01, 2024 |  |
| DataRoot | DataRoot provides data science and AI solutions, helping businesses leverage data for growth and optimization. | $280K | Pre-Seed | Feb 06, 2024 |  |
| Bifidice | Bifidice develops and sells ice creams for children and adults that keeps away from allergies and chronic diseases. They also sell their products online. The company's contact modes are by mail, phone, and physical address. | $350K | Grant | Dec 29, 2023 |  |
| BRANDLEX | At BrandLex we are a LegalTech company, founded in 2023 and the HQ are located in Santiago de Chile, Region Metropolitana. We are aimed to provide technological legal services with artificial intelligence. | $25K | Seed | Dec 26, 2023 |  |
| G-Strata | G-Strata is a geoscience and engineering company specializing in subsurface investigation and resource exploration. The company delivers advanced geophysical and hydrogeological solutions to support industries such as mining, energy, and environmental management. G-Strata applies a combination of field surveys, data analysis, and proprietarymodeling techniques to map underground structures and groundwater systems. |  | Grant | Dec 05, 2023 |  |

10 of 119 investments shown.

## Co-investors
- [Start-Up Chile](https://shizune.co/investors/profile/start-up-chile) — VC Fund, 11 deals together
- [Alaya Capital](https://shizune.co/investors/profile/alaya-capital) — VC Fund, 2 deals together
- [Magma Partners](https://shizune.co/investors/profile/magma-partners) — VC Fund, 2 deals together
- [Platanus](https://shizune.co/investors/profile/platanus-ventures) — VC Fund, 2 deals together
- [Sercotec](https://shizune.co/investors/profile/sercotec-e97a) — VC Fund, 2 deals together
- [Agencia Nacional de Investigación y Desarrollo](https://shizune.co/investors/profile/agencia-nacional-de-investigaci%C3%B3n-y-desarrollo) — VC Fund, 1 deal together

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## FAQ

### What does CORFO invest in?

CORFO invests primarily in Software, SaaS and Artificial Intelligence startups, most often at Seed and Grant stage. Most of the 119 investments tracked by Shizune back companies in Chile. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is CORFO's check size?

CORFO typically joins rounds of $20k–$200k at Seed, $19k–$162k at Grant and $20k–$280k at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds CORFO participates in.

### How do I contact CORFO?

Public channels for CORFO include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at CORFO?

The team at CORFO includes Alfredo Moreno Charme (Council Member on CORFO Minister of Foreign Affairs), Bruno Baranda (Council Member on CORFO Minister of Social Development) and Felipe Larraín Bascuñan (Council Member on CORFO Minister of Finance), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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