EWA Capital
VC Fund
Bogotá, Colombia
EWA Capital (recently rebranded from Mountain Nazca Colombia) is a management company that invests in early-stage companies with disruptive models. It targets investments in companies with a minimum viable product, a proven market fit, a recurring and steep growing customer base, and sustainable unit economics.The company is committed to obtaininghigh returns and shaping social change by backing entrepreneurs under a hands-on methodology. EWA Capital has a complementary approach towards value creation in portfolio companies, leveraging each others’ strengths and experiences as former institutional investors, entrepreneurs, and experienced fund managers. EWA Capital was founded in 2019 and is headquartered in Bogota, Colombia.
- Total investments:
- 25
- Last investment:
- Lead investor:
- 16%
- Fund size:
- $15M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries EWA Capital invests in
Stages EWA Capital invests in
Countries EWA Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $700k–$4.3M
- Series A
- $10M–$11M
- Venture - Series Unknown
- $1.3M–$19M
Investment Focus
Industry
- Artificial Intelligence 5 (20%)
- SaaS 4 (16%)
- FinTech 3 (12%)
- Education 3 (12%)
- Health Care 3 (12%)
Stage
- Seed 13 (52%)
- Venture - Series Unknown 3 (12%)
- Series A 2 (8%)
- Pre-Seed 1 (4%)
- Convertible Note 1 (4%)
Country
- Colombia 10 (40%)
- United States 6 (24%)
- Brazil 1 (4%)
- Uruguay 1 (4%)
- Argentina 1 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Pablo González del Corral
Serial Entrepreneur & Partner
|
Serial Entrepreneur & Partner | Total investments: 0 | Find email | |
Patricia Saenz
Managing and Founding Partner
|
Managing and Founding Partner | Total investments: 5 | Find email | |
Claudia Salazar
Associate
|
Associate | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| UIN is the BehaviorOS for banks, fintechs, telcos, and retailers. Its AI-powered platform analyzes user behavior and transaction data to orchestrate personalized triggers, incentives, rewards, and experiences that increase activation, frequency, retention, and lifetime value. | $2M / Seed / Sep 03, 2026 | ||
| Bia Energy is a next-generation energy retailer transforming Latin America’s electricity market. By replacing analog meters with smart metering infrastructure, Bia delivers real-time consumption data and a digital platform that helps businesses and households cut costs, optimize usage, and improve sustainability. Backed by Kaszek, 8VC, GlobalFounders Capital, and Nazca, Bia serves leading companies including Starbucks, Coca-Cola, WeWork, Terpel, Falabella, and IKEA. With rapid growth in Colombia and expansion plans into LatAm, Bia is building the digital backbone of energy retail in the region. | $18.5M / Venture - Series Unknown / Aug 27, 2026 | ||
| Gangkhar is the first pure-play global embedded insurance Managing General Underwriter (MGU) digital platform. | $4.3M / Seed / Mar 10, 2026 | ||
| Changing the game in how the world deals with diseases in plants, animals, and humans, metaBIX Biotech leads with innovation in disease prediction. Our integrated solution, combining the latest in biotechnology, AI, and advanced software, not only anticipates the impact of viruses and bacteria but also offers proactive strategies to preventoutbreaks. With a focus on precision and speed, we stand out for our ability to provide early alerts and effective control measures, significantly reducing the risk and impact of diseases in our ecosystems and communities. | $1.3M / Venture - Series Unknown / Mar 09, 2026 | ||
| Salva Health is a healthcare solutions provider company that develops products to enable the prevention and early detection of diseases. | Seed / Sep 18, 2025 | ||
| Respira Labs is developing the first wearable device to measure “trapped air,” an early marker of Chronic Obstructive Pulmonary Disease (COPD). No reliable and validated methods currently exist to detect COPD exacerbations in time for early intervention and prevention. By leveraging the power of non-invasive acoustic sensors, audio signalprocessing, machine learning and Acoustic Resonance Index Analysis (ARIA), our device will fundamentally revolutionize COPD management by predicting and preventing attacks at the patient’s home, significantly improving health outcomes and patient quality of life while dramatically lowering health care costs. | Non-equity Assistance / May 29, 2024 | ||
| Tpaga is a mobile wallet for unbanked consumers in Latin America. Currently in Colombia and Mexico.In Latin America, more than 50% do not have credit cards or bank accounts, but what they do have is a cellphone. Tpaga allows consumers to store money via cash kiosk ( 4,000 in our network) and then use it to pay utility bills, cell phone top-up,supermarket and even gas station merchants. We have become the first mobile wallet in Latin America to allow consumers to pay groceries without having a bank account, and allowing unbanked commerces to start receiving payment without have POS systems. | $700K / Convertible Note / May 02, 2024 | ||
| Automotive aftermarket Marketplace | Seed / Jan 01, 2024 | ||
| Bia Energy is a next-generation energy retailer transforming Latin America’s electricity market. By replacing analog meters with smart metering infrastructure, Bia delivers real-time consumption data and a digital platform that helps businesses and households cut costs, optimize usage, and improve sustainability. Backed by Kaszek, 8VC, GlobalFounders Capital, and Nazca, Bia serves leading companies including Starbucks, Coca-Cola, WeWork, Terpel, Falabella, and IKEA. With rapid growth in Colombia and expansion plans into LatAm, Bia is building the digital backbone of energy retail in the region. | $10.5M / Series A / Oct 09, 2023 | ||
| Beereaders is a digital platform that promotes literacy skills among Spanish-speaking students presenting personalized learning and using original Spanish content in a game-like experience. | $3.5M / Seed / Apr 18, 2023 | ||
| See all 25 investments → | |||
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FAQ
What does EWA Capital invest in?
EWA Capital invests primarily in Artificial Intelligence, SaaS and FinTech startups, most often at Seed and Venture - Series Unknown stage. Most of the 25 investments tracked by Shizune back companies in Colombia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is EWA Capital's check size?
EWA Capital typically joins rounds of $700k–$4.3M at Seed, $10M–$11M at Series A and $1.3M–$19M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds EWA Capital participates in.
How do I contact EWA Capital?
Public channels for EWA Capital include LinkedIn 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 EWA Capital?
The team at EWA Capital includes Pablo González del Corral (Serial Entrepreneur & Partner), Patricia Saenz (Managing and Founding Partner) and Claudia Salazar (Associate). 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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