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Top 50 Retail Angel Investors in LATAM (July 2026)

The most active angel investors investing in LATAM Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in LATAM Retail startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Ariel Lambrecht
Angel
4 Brazil, Mexico, Chile Seed, Pre-Seed, Series A Financial Services, FinTech, E-Commerce $325k–$30M
Pierpaolo Barbieri
Angel
3 Brazil, Colombia, United States Seed, Series A, Series B Financial Services, Banking, FinTech $1.5M–$60M
Guilherme Bonifacio
Angel
3 Brazil, Mexico, United States Seed, Pre-Seed, Series A E-Commerce, Information Technology, FinTech $268k–$60M
Paulo Piccini
Angel
3 Brazil, Uruguay Seed, Pre-Seed Marketplace, Retail, E-Commerce $77k–$2M
Flavio Dias
Angel
2 Brazil, Uruguay Seed, Pre-Seed E-Commerce, Retail, Marketplace $835k–$3M
Eduardo Castro Wright
Angel
2 United States, Mexico, Ecuador Seed, Series A, Series B Retail, E-Commerce, Software $400k–$5.3M
Lukasz Gieranczyk
Angel
2 Brazil Seed, Pre-Seed Retail, Chatbot, Software
Ricardo Feldman
Angel
2 Brazil Seed, Pre-Seed Retail, Chatbot, Software
Rafael Coffani
Angel
2 Brazil Seed Retail, Chatbot, Software
Juscelino Martins
Angel
2 Brazil Series A Retail, Grocery, Delivery
Kevin Carter
Angel
2 United States, France, Mexico Seed, Pre-Seed, Series A Software, Retail, Wellness $886k–$12M
Ryan Simonetti
Angel
2 United States, Mexico Seed, Pre-Seed, Series A Software, SaaS, Retail $1.5M–$13M
Marcos Vercelli-Forster
Angel
2 United Kingdom, Uruguay Seed, Angel, Equity Crowdfunding Marketplace, B2B, Retail $1.6M–$4.9M
David Vélez
Angel
2 Brazil, United States, Mexico Series A, Seed, Pre-Seed FinTech, Financial Services, Banking $40k–$43M
Steve Salis
Angel
2 United States, Mexico Angel, Pre-Seed, Seed Restaurants, Retail, Software $2M–$3M
Matheus Santoro Pitanga
Angel
2 Brazil Pre-Seed, Seed, Angel Software, SaaS, Retail $651k–$1M
Hans Tung
Angel
2 United States, Brazil, India Series A, Series B, Series C E-Commerce, Internet, Financial Services $5.3M–$216M
Kevin Efrusy
Angel
2 Brazil, United States, Mexico Series B, Series A, Series C Software, E-Commerce, FinTech $6M–$100M
Justin Mateen
Angel
2 United States, Mexico, United Kingdom Seed, Series A, Pre-Seed Software, E-Commerce, Health Care $400k–$26M
Carlos César Bentim Pires
Angel
2 Brazil Angel Retail, Computer Vision, Retail Technology
Marcelo Antonelli Filho
Angel
2 Brazil Pre-Seed Sales, Retail, Commercial
Gregory Reider
Angel
1 Brazil Series A Retail, Grocery, Delivery
Sergio Oberlander
Angel
1 Uruguay Seed, Pre-Seed B2B, Retail, Content
Carlos Garcia
Angel
1 Brazil, Spain, Colombia Series A, Seed, Pre-Seed B2B, E-Commerce, Marketplace $12M–$20M
Jose de la Luz Lopez
Angel
1 Mexico Pre-Seed Retail, Fashion, Marketplace
Fabio Mondini de Focatiis
Angel
1 Italy, France, United Kingdom Seed, Pre-Seed, Equity Crowdfunding E-Commerce, Retail, Information Technology $329k–$2.9M
Chris Thomas
Angel
1 United States, Mexico, Canada Series A, Seed Software, Mobile, SaaS $395k–$27M
Justin Kan
Angel
1 United States, Nigeria, India Seed, Series A, Pre-Seed Software, Financial Services, SaaS $808k–$23M
Lucas Fireman
Angel
1 Brazil Pre-Seed Retail, Sales Automation, Digital Marketing
Simone Canclini
Angel
1 Mexico, United Kingdom Seed, Venture - Series Unknown E-Commerce, Retail, Fashion
Matt Robinson
Angel
1 United Kingdom, United States, Germany Seed, Series A, Pre-Seed Software, FinTech, Financial Services $650k–$50M
Kai Schoppen
Angel
1 Brazil Seed, Series A Internet, B2B, Retail
Ian Lee
Angel
1 Mexico Pre-Seed FinTech, Lending, Big Data $145k–$398k
In Hsieh
Angel
1 Brazil Seed, Angel Fashion, E-Commerce, Marketplace
Alberto Moriondo
Angel
1 United States, Argentina Seed, Pre-Seed Internet, E-Commerce Platforms, Retail
Francisco Medina
Angel
1 Mexico Seed SaaS, Retail, Payments
Abraham Achar
Angel
1 Mexico Seed SaaS, Retail, Big Data
Mikko Silventola
Angel
1 Estonia, Finland, United States Pre-Seed, Seed, Angel E-Commerce, Software, Transportation $37k–$4.2M
Daniel Kan
Angel
1 United States, Greece, Colombia Seed, Pre-Seed, Series A Software, Artificial Intelligence, E-Commerce $2.3M–$10M
Leonardo Teixeira
Angel
1 Brazil, United States Seed, Pre-Seed, Angel Education, E-Learning, EdTech $44k–$1.1M
Francisco Javier Restrepo
Angel
1 Chile Seed Retail, Logistics, Food Delivery
Simon Borrero
Angel
1 Colombia, Brazil, United States Seed, Pre-Seed, Series A E-Commerce, Internet, Marketplace $300k–$20M
Mariano De Larrobla
Angel
1 Uruguay Seed B2B, Retail, E-Commerce
Rodrigo Vieira
Angel
1 Brazil, Colombia Seed, Pre-Seed Pet, Retail, Education
Luis X. Barrios
Angel
1 Mexico, Colombia, United States Pre-Seed, Seed, Angel Software, Apps, Gaming $50k–$345k
Ian McNish
Angel
1 United States, Brazil Seed, Series A, Convertible Note Software, CAD, Mobile $835k–$2.5M
Patrick Sigrist
Angel
1 Brazil Seed, Pre-Seed, Series A FinTech, Financial Services, B2B $543k–$6M
Marcelo Sampaio
Angel
1 Brazil, United States Seed, Pre-Seed Internet, Financial Services, Apps $250k–$4.3M
Oskar Hartmann
Angel
1 Germany, India, Russian Federation Seed, Series A, Pre-Seed E-Commerce, Internet, Automotive $300k–$52M
José Cristián Cortés
Angel
1 Chile Seed Retail, Logistics, Food Delivery
Access all 50 angel investors in LATAM Retail startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Ariel Lambrecht
Angel · São Paulo, Sao Paulo, Brazil · 4 investments in LATAM Retail startups

Ariel Lambrecht - Founder @ Mara

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Brazil, Mexico, Chile

Investor stats

  • Total investments: 28
  • Round size: Seed $700k–$30M; Pre-Seed $325k–$1.9M; Series A $1.8M–$25M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zarv — Zarv protects your fleet against default, fraud, theft and robbery. Our technology tracks your fleet in real time, even without a GPS tracker.
  • Salvy — A melhor operadora para o seu time!
  • CLIVI — Clivi is a specialized digital clinic that provides comprehensive treatment to patients with type 2 diabetes.
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Pierpaolo Barbieri
Angel · New York, New York, United States · 3 investments in LATAM Retail startups

Pierpaolo is founder and CEO at Ualá and Executive Director at Greenmantle, a macroeconomic and geopolitical consulting firm and senior associate at the Applied History Center of Harvard’s Kennedy School of Government. He was also Chief Strategist of the Brevan Howard Argentina Fund. Originally from Buenos Aires, Argentina, Pierpaolo studied atHarvard University, where he graduated magna cum laude and his senior honors thesis was awarded the Thomas T. Hoopes ’19 prize. He was elected Lt. Charles Henry Fiske III Harvard-Cambridge scholar at Trinity College, Cambridge, where he was awarded an MPhil in Economic and Social History and a Gates Cambridge Scholarship. His first book, Hitler’s Shadow Empire: The Nazis and the Spanish Civil War, was published by Harvard University Press in the USA and UK, Penguin Random House in Spain and Latin America, Mondadori in Italy, and Citic in China. Pierpaolo’s journalism has been featured in The New York Times, the Financial Times, the Wall Street Journal, Foreign Affairs, Foreign Policy, CNN, and the New Republic. He used to write regularly for El País. Before Greenmantle, Pierpaolo worked for Goldman Sachs, Soros Fund Management, and Bridgewater Associates.

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Investment focus

  • Industry: Financial Services, Banking, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Brazil, Colombia, United States

Investor stats

  • Total investments: 14
  • Round size: Seed $1.5M–$30M; Series A $10M–$60M; Series B $27M–$58M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Elevva — Elevva help e-commerce brands in retail management, e-commerce channel expansion, and vendor management.
  • Tarken — Tarken helps in developing its technology that connects grain buyers and sellers and operates an artificial intelligence tool for commodity pricing.
  • Somos Internet — Somos Internet is a network and telecommunications startup that provides latest generation internet with a fast, secure, stable connection. The company was founded in 2018 and is headquartered in Medellín, Antioquia, Colombia.
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Guilherme Bonifacio
Angel · 3 investments in LATAM Retail startups

Guilherme is a serial entrepreneur and angel investor that deeply believes entrepreneurship is fundamental to make the world in a better place to live in. Co-founded iFood, one of the first Latin American unicorns, and now is developing Mercê do Bairro with the big dream to transform traditional groceries retailers in a strong virtual retail chain.

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Investment focus

  • Industry: E-Commerce, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Brazil, Mexico, United States

Investor stats

  • Total investments: 34
  • Round size: Seed $980k–$7M; Pre-Seed $268k–$1.7M; Series A $5.4M–$60M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Coalize — SaaS, Mobile App, HR
  • CUB
  • Tell Me Now
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Paulo Piccini
Angel · São Paulo, Sao Paulo, Brazil · 3 investments in LATAM Retail startups

Paulo Piccini - Founder, CEO @ Ananke

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Investment focus

  • Industry: Marketplace, Retail, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Brazil, Uruguay

Investor stats

  • Total investments: 5
  • Round size: Seed $77k–$2M; Pre-Seed $385k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Olist — Olist is an SMB commerce enabler ecosystem that specializes in the fields of logistics and capital. Commerce has changed and platforms like shopify, amazon, meli, alibaba and their peers are more and more relevant to our economy throughout the globe. This movement triggered a new generation of enablers to support small businesses navigate in suchrich and fragmented ecosystem. Olist is leading the way as the #1 commerce enabler for SMBs in Brazil, now expanding globally.The company started with a single core connecting merchants to marketplaces and evolved to a complete ecosystem of integrated products in 3 dimensions. (1) Commerce: (a) Olist Store is the leading solution to sell on marketplaces; (b) Olist Shops is our ecommerce solution, mobile first, natively connected to social media, present in 180 countries. (2) Logistics: Olist Pax is a leading cloud based logistics and fulfillment network provider operating in Brazil. (3) Capital: Olist Credit and Olist Pay.
  • nocnoc — Our cross-border eCommerce platform enables Latin American marketplaces to enter the cross-border world, and empowers international sellers to increase their selling volumes in Latin America.Forget long and frustrating international adventures. Reward your customers with a comfortable domestic-feeling shopping experience no matter where theproducts are coming from.
  • Caffeex — Caffeex is the first independent coffee trading platform designed by traders and for traders with the goal of improving the quality and efficiency in the over the counter trading of the green physical coffee.
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Flavio Dias
Angel · São Paulo, Sao Paulo, Brazil · 2 investments in LATAM Retail startups

Flavio Dias

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Investment focus

  • Industry: E-Commerce, Retail, Marketplace
  • Stage:Seed, Pre-Seed
  • Geography: Brazil, Uruguay

Investor stats

  • Total investments: 4
  • Round size: Seed $835k–$3M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • nocnoc — Our cross-border eCommerce platform enables Latin American marketplaces to enter the cross-border world, and empowers international sellers to increase their selling volumes in Latin America.Forget long and frustrating international adventures. Reward your customers with a comfortable domestic-feeling shopping experience no matter where theproducts are coming from.
  • Hubii — Hubii was born to solve the New Retail phygital transformation in LatAm. Through fulfillment, we give new life to mom n pop stores transforming them into order-and-delivery stations for e-commerce. With our tech, marketplaces lose the need to have CAPEX intensive DCs or dark-stores to deliver fast and cheap delivery for its customers. Thee-commerce platforms may still keep their stores, although with us, they expand their coverage and channel penetration while making the most of its unit economics with streamlined logistics costs, focusing on its most valuable asset, the control of the demand. Also, the SMB retail stores are redefined in the new phygital era which we are living the transformation as of now. Instead of being cannibalized by the online world, they become a crucial part of it in the simplest way. With our tech, these mom n pops may sell online without having to go through intensive changes, they can simply accept a new order as simple as an uber accepts a new car ride. With Hubii they have more cash inflow by selling more while improving their shelf turnover ratio and product mixes. Hubii redefines the traditional core elements of retailing and the relationship among them to upgrade current formats and create new retail occasions.
  • LET’S Delivery — We want to be the restaurant's best friend, using technology and administration techniques combined with artificial intelligence for complete management in a simple and intuitive interface, promoting a true digital transformation in the sector. For this we have Max, our restaurant management software that has an exclusive consultingexpertise through artificial intelligence resources. Max, in addition to helping your restaurant organize itself better to serve your customers, it also helps you in day-to-day management with recommendations based on the best management and administration techniques. Our consulting professionals know the pains of restaurants like no one else, and Max solves those problems. If you are passionate about food and technology, your place is at Let's Delivery! For this we have Max, our restaurant management software that has an exclusive consulting expertise through artificial intelligence resources. Max, in addition to helping your restaurant organize itself better to serve your customers, it also helps you in day-to-day management with recommendations based on the best management and administration techniques. Our consulting professionals know the pains of restaurants like no one else, and Max solves those problems. If you are passionate about food and technology, your place is at Let's Delivery!
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Eduardo Castro Wright
Angel · Incline Village, Nevada, United States · 2 investments in LATAM Retail startups

Eduardo Castro-Wright is a private investor. He was the former vice chairman of Wal-Mart Stores, Inc. and president and CEO of Global e-Commerce and Global Sourcing. Prior to this, Eduardo was president and CEO of Walmart U.S., where he led the transformation of stores, improvements in the customer experience, and the development of a strongleadership team. Before joining Walmart, Eduardo was president and CEO of Honeywell Transportation and Power Systems Worldwide and prior to that he was President and CEO of Nabisco Asia-Pacific. He holds a bachelors degree in mechanical engineering from Texas A&M University.

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Investment focus

  • Industry: Retail, E-Commerce, Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, Mexico, Ecuador

Investor stats

  • Total investments: 9
  • Round size: Seed $400k–$5.3M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • COR — AI-powered Management Software for Advertising Agencies. Gain visibility, track time automatically and make smart decisions. Start Now!
  • Instaleap LLC — Retail Tech platform to orchestrate eGrocery, marketplace and last-mile operations, built for retailers that need scalability, control and efficiency.
  • Home Delivery Service (HDS Global) — We’re on a mission to transform eCommerce – end-to-end – starting with fresh groceries and other home essentials. Powered by the latest in AI and advanced robotics, our patented automated fulfillment system, RoboFS, enables quick, touchless order fulfillment, bringing fresher-than-store goods, direct to your door. Our shopping experience isalso built around each customer’s dietary needs, preferences, and brand favorites. Gone are the days of filtering and scrolling through irrelevant inventory. With HDS, you’ll only ever see products that match your exact criteria. HDS also offers: • Made-to-order meats and prepared foods, customized to your exact specs • Free home delivery with no subscription /delivery / service fees or tips • Tri-temperature-controlled vans, so frozen items arrive fully frozen • Retail-level customer service and easy at-home returns, right at your doorstep • Sustainable delivery totes, eliminating nearly all cardboard and plastic waste
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Lukasz Gieranczyk
Angel · São Paulo, Sao Paulo, Brazil · 2 investments in LATAM Retail startups

Lukasz Gieranczyk

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Investment focus

  • Industry: Retail, Chatbot, Software
  • Stage:Seed, Pre-Seed
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Natural Bot — We are the world's first Co-Pilot of Generative AI-based Sales for delivery sales.
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Ricardo Feldman
Angel · São Paulo, Sao Paulo, Brazil · 2 investments in LATAM Retail startups

Ricardo Feldman

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Investment focus

  • Industry: Retail, Chatbot, Software
  • Stage:Seed, Pre-Seed
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Natural Bot — We are the world's first Co-Pilot of Generative AI-based Sales for delivery sales.
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Rafael Coffani
Angel · 2 investments in LATAM Retail startups

Founder and CEO @ Natural Bot

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Investment focus

  • Industry: Retail, Chatbot, Software
  • Stage:Seed
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Natural Bot — We are the world's first Co-Pilot of Generative AI-based Sales for delivery sales.
Show all investments...

Juscelino Martins
Angel · 2 investments in LATAM Retail startups

Juscelino Martins

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Investment focus

  • Industry: Retail, Grocery, Delivery
  • Stage:Series A
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shopper — Industry leading NPS, Shopper.com.br is the best replenishment system for Brazilian consumers."Reducing our loss of time and money with repetitive activities" Shopper.com.br is a startup whose mission is to build a more efficient world, where essential products arrive at people's homes as easily as water arrives at the tap. Ourview of "efficiency" is complete: we look at both the waste of resources along the production and distribution chain of products and services (which generate unnecessarily high prices for the final consumer), and the waste of resources and time that end consumers spend to find, buy and enjoy these products and services. Our mission is to build a more efficient world in this direction. A world where people lose less money and time with monotonous, routine, everyday, unnecessary activities. We want to build such a world using innovative technology and business models, always with highly qualified and committed people on the team. Our first challenge is to improve the efficiency of the distribution chain and supply of essential consumer products: cleaning products, personal hygiene and non-perishable food. We do this through our online platform for monthly sales and deliveries of grocery products. Our recurrence model allows us to have no inventory and have high predictability of demand, generating efficiency, which is passed on to consumers in the form of lower prices (~10% cheaper).
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Kevin Carter
Angel · San Francisco, California, United States · 2 investments in LATAM Retail startups

Kevin Carter is the Founder and General Partner of Night Capital. He previously worked at SV Angel as a General Partner. Kevin Carter attended Santa Clara University.

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Investment focus

  • Industry: Software, Retail, Wellness
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, France, Mexico

Investor stats

  • Total investments: 14
  • Round size: Seed $1.5M–$5.4M; Pre-Seed $886k–$3M; Series A $8M–$12M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Studio — Studio is giving everyone their own private reality shows—through our group camcorder app.
  • Blossom.team — Powered by AI, Blossom's science-backed professional coaching brings together experienced coaches & ML to show actual growth on key topics: productivity, communications, leadership, stress management, career development, interpersonal skills, and more. Subscribe and see why it's the successful professional's secret superpower!
  • Consensus — Consensus uses AI to extract and summarize scientific insights from peer-reviewed sources. For any question, what's the Consensus?
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Ryan Simonetti
Angel · New York, New York, United States · 2 investments in LATAM Retail startups

Ryan Simonetti is the Co-Founder and CEO of Convene. He previously worked at Gramercy Capital Corp as a Vice President. Ryan attended Villanova University.

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Investment focus

  • Industry: Software, SaaS, Retail
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Mexico

Investor stats

  • Total investments: 8
  • Round size: Seed $1.5M–$6M; Pre-Seed $2M–$3M; Series A $10M–$13M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pacto — Pacto provides technology to restaurants and bars in order to improve the customer experience and accelerate business growth. It seeks to be a catalyst for financial inclusion for small and medium-sized food and beverage companies by integrating them into digital commerce through technology-based solutions.
  • Branch — Branch sells premium office furniture for teams of all sizes. Standing desks, workstations, ergonomic chairs and filing cabinets, sold direct to save you money. Space planning, delivery and assembly come standard.
  • Pacto — Presentamos Pacto, tu nueva forma de pedir y pagar en restaurantes.
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Marcos Vercelli-Forster
Angel · London, England, United Kingdom · 2 investments in LATAM Retail startups

Marcos Vercelli-Forster

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Investment focus

  • Industry: Marketplace, B2B, Retail
  • Stage:Seed, Angel, Equity Crowdfunding
  • Geography: United Kingdom, Uruguay

Investor stats

  • Total investments: 5
  • Round size: Seed $1.6M–$4.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kalto — Kalto is a B2B payment company that focuses on helping small and medium-sized businesses (SMBs) grow by providing software solutions to unlock their cash flow and manage their payments. Kalto helps businesses to streamline their payment processes, reduce administrative costs, and optimize their cash flow management. The company was founded in2022 and is based in Mexico.
  • Monzo — Spend, save and manage your money, all in one place. Open a full UK bank account from your phone, for free.
  • nocnoc — Our cross-border eCommerce platform enables Latin American marketplaces to enter the cross-border world, and empowers international sellers to increase their selling volumes in Latin America.Forget long and frustrating international adventures. Reward your customers with a comfortable domestic-feeling shopping experience no matter where theproducts are coming from.
Show all investments...

David Vélez
Angel · São Paulo, Sao Paulo, Brazil · 2 investments in LATAM Retail startups

David Vélez is the Founder and CEO of Nu Colombia. He previously worked at Sequoia Capital as a Partner. David Vélez attended Stanford University.

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Investment focus

  • Industry: FinTech, Financial Services, Banking
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Brazil, United States, Mexico

Investor stats

  • Total investments: 44
  • Round size: Seed $500k–$12M; Pre-Seed $40k–$4.3M; Series A $3.2M–$43M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Idilio
  • Leona — Todos tus chats con pacientes de WhatsApp ahora en una sola app para que nunca pierdas un mensaje importante.
  • Carecode — Carecode system combines powerful Generative AI models with continuous learning mechanisms, enabling natural and autonomous interactions that adapt to complicated environments without the need for human intervention.
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Steve Salis
Angel · Washington, District of Columbia, United States · 2 investments in LATAM Retail startups

Steve Salis is the Chairman and CEO of SIZZLE Acquisition and founder and CEO of Salis Holdings.

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Investment focus

  • Industry: Restaurants, Retail, Software
  • Stage:Angel, Pre-Seed, Seed
  • Geography: United States, Mexico

Investor stats

  • Total investments: 7
  • Round size: Pre-Seed $2M–$3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • 75 & Sunny — 75 & Sunny is Spencer Rascoff's investment firm and startup lab. In 2020, 75 & Sunny Ventures invested in 39 companies, 25 of which are based in Los Angeles. Meanwhile, 75 & Sunny Labs launched two startups: dot.LA and Pacaso. In 2021, 75 & Sunny Ventures is on track to invest in more than 25 startups, and 75 & Sunny Labswill launch two new companies. Spencer — who co-founded Hotwire and Zillow, and who was CEO of Zillow for more than a decade — started 75 & Sunny to support and mentor startups and their leaders in LA and beyond. Its team provides 75 & Sunny companies with a broad range of support, including leadership coaching; marketing and PR advice; brand amplification; product strategy; recruiting; access to our broad network of partners that include top venture capital and private equity firms; overall mentorship; and help with subsequent fundraising. Spencer is an investor in over 55 venture capital funds, many of which use 75 & Sunny for informal deal-sourcing at the earlier stage.
  • Pacto — Pacto provides technology to restaurants and bars in order to improve the customer experience and accelerate business growth. It seeks to be a catalyst for financial inclusion for small and medium-sized food and beverage companies by integrating them into digital commerce through technology-based solutions.
  • Pacto — Presentamos Pacto, tu nueva forma de pedir y pagar en restaurantes.
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Matheus Santoro Pitanga
Angel · 2 investments in LATAM Retail startups

Matheus Santoro Pitanga

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Investment focus

  • Industry: Software, SaaS, Retail
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Brazil

Investor stats

  • Total investments: 8
  • Round size: Pre-Seed $651k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zazos — Allow companies to create their own people management tools and offer a unique experience to their employees.
  • Mecanizou — Mecanizou is a distributor of automobile parts. They offer products that include filters, lubricantes, scanners, correias, arrefecimento, frenagem, and baterias.
  • Start Carreiras — Vetto has two engines: Vetto Core turns research intent into AI-ready data. Vetto Labs runs frontier research on how models learn better from data.
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Hans Tung
Angel · San Francisco, California, United States · 2 investments in LATAM Retail startups

Hans Tung is based out of Menlo Park, California, and is the Managing Partner of GGV Capital and also Board Member of Wispr Flow. Hans previously worked at Poshmark as a Board Member. Hans Tung attended the Stanford University.

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Investment focus

  • Industry: E-Commerce, Internet, Financial Services
  • Stage:Series A, Series B, Series C
  • Geography: United States, Brazil, India

Investor stats

  • Total investments: 107
  • Round size: Series A $5.3M–$40M; Series B $17M–$90M; Series C $38M–$216M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Laurel — Time by Ping frees lawyers from timekeeping so they can focus on their work, and firms can understand where time is being spent.
  • Ximkart — Everything you need to import raw materials. minus the headache! For manufacturers and businesses of every scale. With Ximkart, cross border trade is as easy as buying from your local supplier. We are currently dealing with Metals, Minerals, Chemicals with having a large list of QC tested products like Silicon, Titanium, Calcium Carbonate, Styrene, Ethyl Acetate, Isopropyl Alcohol, Ingots, Magnesium, Mixed Xylene, Butyl Acetate, Scrap, Alloy Wheel, MTO, GTO, Pine Oil, Rutile, 2196+, KMML, Doguide, RJ916, CPCL, BPCL, HPCL, 553, 441, 3303, DBM and many more.
  • Jump — Jump is the AI operating system and AI assistant for financial advisors. It turns meetings, emails, and documents into notes, automated workflows, and compliance records.
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Kevin Efrusy
Angel · Palo Alto, California, United States · 2 investments in LATAM Retail startups

Kevin Efrusy is the Co-Founder of The Efrusy Family Foundation and a Partner at Accel. Prior to that, he was the CEO and board member, and co-founder of IronPlanet. He attended Stanford University Graduate School of Business and Stanford University.

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Series B, Series A, Series C
  • Geography: Brazil, United States, Mexico

Investor stats

  • Total investments: 72
  • Round size: Series A $6M–$30M; Series B $10M–$35M; Series C $11M–$100M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Zubale — Zubale is the critical infrastructure that enables retailers to win in e-commerce. Through our gig workers marketplace and technical integrations we power our clients entire back end e-commerce operations delivering the best fill-rates, on-times and NPS. In the last year, Zubale has completed over 3 million jobs across 90 cities and 16,800 stores.We operate in Mexico, Colombia and Costa Rica and are scaling across Latin America. The Co-Founders Allison Campbell and Sebastian Monroy met during their Harvard MBA and are retail insiders with deep expertise at Walmart and P&G in Latin America, Africa, India and China.
  • Flash — Flash reinvented the food vouchers in Brazil creating an all in one instrument leveraging a MasterCard, a daily used App and an HR platform
  • Lemon Energy — A Lemon leva energia solar para a sua empresa, sem obras e com economia anual na conta de luz.
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Justin Mateen
Angel · Los Angeles, California, United States · 2 investments in LATAM Retail startups

Justin Mateen is the Cofounder and former CMO of Tinder, the world's largest dating platform. In 2021, and 2022 Business Insider ranked Mateen as the best early stage investor in the US, placing him at the number 1 spot on the top 100 list of US Seed Investors both years. In 2020, Forbes included Mateen on their list of the decade's top10 tech entrepreneurs. Fast Company has listed him as one of the most creative people in business.Founded in 2012, Tinder is the highest grossing app on Apple's app store since 2017 and was valued at over $40 Billion dollars in 2021.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Mexico, United Kingdom

Investor stats

  • Total investments: 144
  • Round size: Seed $1M–$9.5M; Pre-Seed $400k–$3.9M; Series A $6.8M–$26M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Mason America, Inc. — Mason is the device innovation platform for product leaders who dare to deliver the next innovation in their field.
  • Estate Media
  • Subquadratic
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Carlos César Bentim Pires
Angel · 2 investments in LATAM Retail startups

Investment focus

  • Industry: Retail, Computer Vision, Retail Technology
  • Stage:Angel
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Riverdata — As a Retailtech, Riverdata is focusing on the application of Computer Vision and Artificial Intelligence (AI) in physical retail spaces. The company’s mission is to transform how retailers understand and interact with their customers, enabling them to optimize operations and boost sales performance.Riverdata provides solutions that analyzecustomer behavior within stores. Riverdata collects from security cameras and processes data on how customers navigate retail spaces. This information allows retailers to gain insights into store traffic patterns, high-demand areas, and customer engagement. For example, Riverdata can help businesses identify peak shopping times and popular product zones, enabling them to redesign store layouts for better flow and visibility.Another feature of Riverdata’s technology is its ability to profile customer demographics. Using AI, the system can estimate characteristics such as age and gender, giving retailers a clearer understanding of their target audience. This data is crucial for crafting more effective marketing strategies and personalizing the in-store experience to cater to diverse customer needs.In addition to understanding customer behavior, Riverdata plays a significant role in optimizing retail operations. The system monitors conversion rates by comparing the number of store visitors to actual buyers, offering insights into how businesses can improve their sales strategies. Moreover, Riverdata’s technology supports workforce management by recommending the ideal allocation of staff based on customer traffic patterns. This ensures that stores are adequately staffed during busy periods, enhancing service quality and customer satisfaction.Security is another area where Riverdata excels. The system can identify suspicious or unusual activities in real time, contributing to loss prevention and improved in-store safety. This proactive approach to security not only reduces theft but also creates a safer shopping environment for customers.Riverdata’s solutions are powered by a robust Business Intelligence (BI) platform that provides real-time analytics and reporting. Riverdata’s platform features conversational BI, allowing store managers to ask specific questions about their operations in natural language and receive precise, actionable answers. This makes data analysis accessible even to those without technical expertise, empowering managers to make informed decisions quickly.Riverdata helps brick-and-mortar stores stay competitive in an increasingly digital retail environment. Through its innovative approach, the company is bridging the gap between physical and digital retail, ensuring businesses can thrive in a dynamic marketplace.
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Marcelo Antonelli Filho
Angel · Anápolis, Goias, Brazil · 2 investments in LATAM Retail startups

Perfil do CEO do Grupo Antonelli Filho MarceloAntonelli Filho é um empresário visionário e dinâmico, com uma vasta experiência no setor de combustíveis e uma forte capacidade de liderança. Sob sua direção, o grupo expandiu significativamente suas operações, consolidando-se como um dos principais players no mercado de combustíveis em Goiás.Características e Conquistas: 1. Visão Estratégica: Com uma visão clara e estratégica, ele tem guiado o grupo através de diversas fases de crescimento e expansão. Sua habilidade em identificar oportunidades de mercado e investir em novos segmentos tem sido crucial para o sucesso contínuo da empresa. 2. Inovação e Sustentabilidade: Comprometido com a inovação, o CEO tem liderado iniciativas de sustentabilidade, incluindo a operação de três plantas de mineração ecológica. Ele acredita que o futuro dos negócios está na combinação de crescimento econômico com responsabilidade ambiental. 3. Expansão e Diversificação: Sob sua liderança, o grupo não só expandiu sua rede de postos de combustíveis, mas também diversificou suas operações com uma transportadora eficiente e investimentos em startups. Essa diversificação tem fortalecido a posição do grupo no mercado e garantido um crescimento sustentável. 4. Gestão de Pessoas: Com mais de 220 funcionários, o CEO valoriza a gestão de pessoas e acredita que o sucesso da empresa está diretamente ligado ao bem-estar e desenvolvimento de seus colaboradores. Ele promove um ambiente de trabalho colaborativo e incentiva a inovação entre sua equipe. 5. Foco no Futuro: Recentemente, ele iniciou um processo de investimentos em startups, demonstrando um olhar atento para o futuro e a inovação. Essa iniciativa visa não apenas diversificar as operações do grupo, mas também posicioná-lo na vanguarda das tendências de mercado.

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Investment focus

  • Industry: Sales, Retail, Commercial
  • Stage:Pre-Seed
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Compras Do Meu Jeito — **Compras Do Meu Jeito** é uma plataforma que conecta consumidores online com lojistas locais, promovendo a competitividade do varejo local e sua presença digital, sem abrir mão da conveniência. Os consumidores criam propostas de compra detalhadas, especificando preferências como preço e prazo de entrega. Essas ordens são enviadas para lojistaslocais, que podem atender a essas demandas, oferecendo uma experiência de compra personalizada.**Benefícios**: - **Empoderamento do Consumidor**: Utilizando gamificação e inteligência artificial, a plataforma ajuda os consumidores a criar ordens de compra personalizadas. - **Competitividade para Lojistas**: Lojistas locais podem visualizar e responder a essas ordens, aumentando sua competitividade e presença digital. - **Interação Dinâmica**: A plataforma permite propostas e contrapropostas entre consumidores e lojistas, criando um “carrinho vivo” para negociações.**Público-Alvo**: Micro e pequenos varejistas com baixa maturidade digital, oferecendo uma maneira acessível de competir no mercado online.A **Compras Do Meu Jeito** está alinhada com os Objetivos de Desenvolvimento Sustentável (ODS), incluindo: 1. **ODS 8 - Trabalho Decente e Crescimento Econômico**: Apoia pequenos varejistas e promove o comércio local. 2. **ODS 9 - Indústria, Inovação e Infraestrutura**: Utiliza tecnologia para melhorar a competitividade dos pequenos negócios. 3. **ODS 12 - Consumo e Produção Responsáveis**: Promove práticas de consumo mais sustentáveis e reduz a necessidade de transporte de mercadorias a longas distâncias.Nosso MVP está em operação dentro de vários ambientes do comercio local. Já utilizamos nosso modelo dentro do ambiente de MATCOM, PAPELARIA, UTENSILIOS DOMESTICOS E LOJAS DE MOVEIS: EX: Para um cliente real, foi possível conseguir a melhor oferta nas seguintes compras: • Comprar 4000 tijolos - Enviamos para 12 cerâmicas, 4 responderam e foi possível fechar o pedido, o preço médio era R$ 1700,00 e o cliente conseguiu por 1.520,00. • Comprar mais de 350 sacos de Cimento- enviamos a oferta para 55 lojas de MATEOM, onde o preço médio do cimento no crédito era 34,90 e o cliente conseguiu por R$ 31,90; • Comprar 15 coluna de ferro; enviamos para 40 lojas e 24 responderam, sendo 10 em menos de 10 minutos e o pedido foi fechado abaixo do preço sugerido pelo cliente em sua ordem de compras, o preço médio era R$ 99,00 e o cliente recebeu uma proposta da loja a R$ 82,00. • Comprar madeira, o cliente teve todas as suas condições aceitas por uma madeireira, o preço, forma de pagamento, parcelamento, frete grátis e data da entrega; • A compra de ferro também foi bem-sucedida, o preço médio do pedido era R$ 26 Mil e o cliente conseguiu por R$ 24,9 Mil. • Compra de um extrator de suco de laranja que a venda seria feita pelo MELI, e o cliente conseguiu comprar com Compras Do Meu Jeito após enviarmos para 05 lojas da RM Goiânia com um super diferencial, retirou o produto em 1:30 horas após a compra enquanto a MELI pediu para entregar em 02 dias; • Conseguimos uma lousa branca (quadro) que seri comprado via MELI de uma pequena loja em Goiania com o mesmo preço da Internet, porém o cliente economizou R$ 60,00 de frete; • Um kit de rolos de eletrodutos com caixas de energia para construção, ficariam R$ 1137,86 comprados online, porém com Compras Do Meu Jeito foi possível adquirir por R$ 813,00, gerando uma economia de 29% e contemplando o comercio local. • Durante o MVP já interagimos com mais de 560 lojas; • A taxa de respostas das lojas sobre as ordens de compras é de 63%; • A taxa de aceitação das propostas dos clientes dento do comercio local é de 22% e a taxa de contraproposta é de 78%;
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Gregory Reider
Angel · São Paulo, Sao Paulo, Brazil · 1 investments in LATAM Retail startups

Gregory Reider is the Managing Partner at Volpe Capital.

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Investment focus

  • Industry: Retail, Grocery, Delivery
  • Stage:Series A
  • Geography: Brazil

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shopper — Industry leading NPS, Shopper.com.br is the best replenishment system for Brazilian consumers."Reducing our loss of time and money with repetitive activities" Shopper.com.br is a startup whose mission is to build a more efficient world, where essential products arrive at people's homes as easily as water arrives at the tap. Ourview of "efficiency" is complete: we look at both the waste of resources along the production and distribution chain of products and services (which generate unnecessarily high prices for the final consumer), and the waste of resources and time that end consumers spend to find, buy and enjoy these products and services. Our mission is to build a more efficient world in this direction. A world where people lose less money and time with monotonous, routine, everyday, unnecessary activities. We want to build such a world using innovative technology and business models, always with highly qualified and committed people on the team. Our first challenge is to improve the efficiency of the distribution chain and supply of essential consumer products: cleaning products, personal hygiene and non-perishable food. We do this through our online platform for monthly sales and deliveries of grocery products. Our recurrence model allows us to have no inventory and have high predictability of demand, generating efficiency, which is passed on to consumers in the form of lower prices (~10% cheaper).
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Sergio Oberlander
Angel · Montevideo, NA - Uruguay, Uruguay · 1 investments in LATAM Retail startups

Sergio Oberlander

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Investment focus

  • Industry: B2B, Retail, Content
  • Stage:Seed, Pre-Seed
  • Geography: Uruguay

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • nocnoc — Our cross-border eCommerce platform enables Latin American marketplaces to enter the cross-border world, and empowers international sellers to increase their selling volumes in Latin America.Forget long and frustrating international adventures. Reward your customers with a comfortable domestic-feeling shopping experience no matter where theproducts are coming from.
  • befit — Our goal is to inspire people to have a healthier life&style. We understood we could do it democratizing access to quality workout content. We structured befit’s streaming on-demand platform with exclusive content classified across different categories such as yoga, pilates, functional, dancing, barre, and abs, among others. Sessions have beenrun by well-regarded Latin American trainers with users being able to narrow and filter workout sessions by intensity level, time duration, coach preference, and equipment needed. By offering a diverse set of workouts, users’ are able to personalize their exercise routines as they move towards their respective fitness goals.
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Carlos Garcia
Angel · 1 investments in LATAM Retail startups

Carlos Garcia is the Founder & CEO at PositivUS. He attended ESSCA Ecole de management during 2005.

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Investment focus

  • Industry: B2B, E-Commerce, Marketplace
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Brazil, Spain, Colombia

Investor stats

  • Total investments: 6
  • Round size: Seed $12M–$12M; Series A $15M–$20M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Latitud — Build good sh*t with Latitud
  • Inventa — Inventa is a B2B marketplace that connects brands with independent retailers and offers them flexible payment terms
  • Inventa — Inventa is a wholesale marketplace that connects brands with independent retailers across Latin America.
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Jose de la Luz Lopez
Angel · Mexico City, Distrito Federal, Mexico · 1 investments in LATAM Retail startups

Jose de la Luz Lopez is the Founder and CEO of delt.ai. He attended Y Combinator.

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Investment focus

  • Industry: Retail, Fashion, Marketplace
  • Stage:Pre-Seed
  • Geography: Mexico

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • STRADE — STRADE is the first marketplace for luxury sneakers in LATAM. Where we authenticate luxury items and add a digital certificate of authenticity on the blockchain (an NFT). Connecting re-sellers with buyers, providing transparency to users and giving them the confidence to buy a luxury product online.
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Fabio Mondini de Focatiis
Angel · Paris, Ile-de-France, France · 1 investments in LATAM Retail startups

Venture Partner, Eurazeo InvestmentInternational Venture Capitalist, Business Angel and SVP with >20 years experience in >20 countries, with a successful track as VC, BA and Entrepreneur in a truly global environment. Fabio is a Venture Partner in Eurazeo Investment, following their acquisition of IDINVEST Partners, a leading Europeanprivate equity firm with >9B€ AUM, focusing on Venture Capital investments in Italy across sectors and in the Smart City sector (Energy, Cleantech, Eco-mobility) worldwide. Fabio is the Founder and CEO of growth Capital, the leading Italian investment banking focusing on advising innovative, fast-growing companies on fund raising and M&A. Fabio is also an active Business Angel, with a personal portfolio of more than 30 startups. a Member of the Investment Committee of Lazio Innova. Previously Fabio has been a Senior Advisor in the European Investment Fund (EIF), leading the joint efforts of EIF and Cassa Depositi e Prestiti (CDP) to establish TT Investment Funds in Italy to develop its ecosystem for Innovation. Before entering the Private Equity sector, Fabio has lead Soitec Solar Division sale after it has increased its revenues from ~2M€ to >40M€ and achieved the world record of PV Module Efficiency and Solar Cell Efficiency. He had earlier founded and lead RenEn Renewable Energy to a leading renewable energy consulting firm. Earlier Fabio has been in McKinsey, ENEL and Russell Reynolds. In ENEL, Fabio has been Head of Integration, Head of International Management, Head of HR and Organisation and member of the Board of various international companies. Fabio received his M.S. degree in Civil and Environmental Engineering from M.I.T. and his M.B.A. from INSEAD. He is fluent in English, Italian, French and Spanish.

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Investment focus

  • Industry: E-Commerce, Retail, Information Technology
  • Stage:Seed, Pre-Seed, Equity Crowdfunding
  • Geography: Italy, France, United Kingdom

Investor stats

  • Total investments: 21
  • Round size: Seed $329k–$2.2M; Equity Crowdfunding $1.4M–$2.9M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Icohup — The aim of Icohup is the development of pollution sensors with high performance yet low costs.
  • Yobs — Record your interviews, accelerate candidate review, coach recruiters and build a fair and rigorous hiring process.
  • Keyless — Reverify and authenticate your users in a glance, without storing biometric data. PingOne Recognize delivers private, fraud-resistant biometric authentication.
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Chris Thomas
Angel · Detroit, Michigan, United States · 1 investments in LATAM Retail startups

Chris Thomas is a co-founder and partner of Assembly Ventures.Prior to Assembly Ventures he co-founded the Detroit Mobility Lab and the Michigan Mobility Institute. Previous to this, Chris co-founded Fontinalis Partners and for over a decade worked to build it into one of the premier investment firms in next-generation mobility. While atFontinalis he served as a Board Member for nuTonomy (acquired by Aptiv in October 2017) and Karamba Security, and as a Board Observer at ParkMe (acquired by INRIX in September 2015), Parkmobile (acquired by BMW in January 2018), Life360 (IPO in May 2019), Ouster and SmartKargo. Prior to Fontinalis Chris served in the U.S. Army as a Communications Officer in the U.S. and Iraq. Before joining the military, Chris worked as an Investment Banker at UBS within its Technology and Energy groups in San Francisco and New York. Additionally, Chris acts as a Senior Advisor to the COMMIT Foundation and is a member of the Global Cleantech 100 expert panel. He is also a Co-Owner of Buddy's Pizza, the birthplace of original Detroit-style pizza, and an avid angel investor. Chris has previously advised a number of mobility startups around the globe; served as the Chairman of Read to a Child, a national children’s literacy and mentoring nonprofit in the United States; and acted as a member of the World Economic Forum’s Global Agenda Council on Personal Transportation Systems. Chris earned his Master’s degree in Business Administration from the Yale School of Management. While at Yale he served on the Honor Committee and graduated with distinction in former Prime Minister Tony Blair’s seminar on Faith and Globalization. He holds a Bachelor of Arts degree in both Economics and International Relations from Michigan State University. Chris is a resident of the City of Detroit where he lives with his wife and sons. He is a staunch advocate of connected communities, early childhood literacy, and the doctrine of the strenuous life.

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Investment focus

  • Industry: Software, Mobile, SaaS
  • Stage:Series A, Seed
  • Geography: United States, Mexico, Canada

Investor stats

  • Total investments: 37
  • Round size: Seed $395k–$5.5M; Series A $5.5M–$27M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Pacto — Pacto provides technology to restaurants and bars in order to improve the customer experience and accelerate business growth. It seeks to be a catalyst for financial inclusion for small and medium-sized food and beverage companies by integrating them into digital commerce through technology-based solutions.
  • Kall Morris Inc — Kall Morris Inc orbital debris research and development, consulting experts.
  • Buddy's Pizza — Buddy's Pizza is a widely recognized as the originator of detroit-style pizza.
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Justin Kan
Angel · San Francisco, California, United States · 1 investments in LATAM Retail startups

Justin Kan is the Co-Founder of Stash. He previously worked at Atrium as a CEO. Justin Kan attended Yale University.

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Investment focus

  • Industry: Software, Financial Services, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Nigeria, India

Investor stats

  • Total investments: 105
  • Round size: Seed $1.3M–$6.7M; Pre-Seed $808k–$20M; Series A $7.5M–$23M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • DianaHR — Streamline HR, payroll, and compliance with DianaHR, the US-based fractional HR company helping startups and SMBs reduce risk, automate admin, and scale without HR headaches.
  • Wabi — Create, discover, and remix any mini-app in minutes. The era of personal software is here.
  • FLORA — FLORA is an applied AI HCI company building creative tools.
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Lucas Fireman
Angel · 1 investments in LATAM Retail startups

Lucas Fireman

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Investment focus

  • Industry: Retail, Sales Automation, Digital Marketing
  • Stage:Pre-Seed
  • Geography: Brazil

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Viddy — Viddy develops a physical retail delivery platform to digitize the store. Its platform helps to accept digital payments, create sales, and manage delivery, along with detailed sales reports, helping businesses improve their sales teams' revenue and productivity. With its solution, sellers can create a community of loyal customers, activatetheir business with a corporate number, send a personalized branded payment link, and request couriers in a delivery application network.
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Simone Canclini
Angel · 1 investments in LATAM Retail startups

Simone Canclini

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Investment focus

  • Industry: E-Commerce, Retail, Fashion
  • Stage:Seed, Venture - Series Unknown
  • Geography: Mexico, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • MamaClean — We turn Laundry into a Boutique Experience with top quality, light-speed deliveries and "Cloud Storage" solutions for your wardrobe items.If you care about your clothes and want a boutique experience for Laundry and beyond: - Book a pick up in the AM and have your clean outfits delivered in just 8 hours - "Cloud" store yourclothes and have them clean wherever you are in 24-48 hours
  • Threedium — Threedium is a 3D engine. We believe that democratizing the creation and distribution of 3D and AR experiences represents our greatest opportunity to improve the way people buy and sell products.
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Matt Robinson
Angel · London, England, United Kingdom · 1 investments in LATAM Retail startups

Matt Robinson is the CEO and a co-founder at Nested, a property technology company. Prior to this, he founded GoCardless in 2010 and remains on the board of the recurring payment company.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 73
  • Round size: Seed $1.8M–$7.9M; Pre-Seed $650k–$3M; Series A $6.4M–$50M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Malga — Malga is an online payment platform that offers fraud protection and payment split services.
  • Feather — Feather gives you insurance advice for expats in Germany. Our digital insurance agent will help you get the right insurance policies for your need.
  • Malga — Instant access to multiple payment providers with a single integration
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Kai Schoppen
Angel · São Paulo, Sao Paulo, Brazil · 1 investments in LATAM Retail startups

Founder & CEO Infracommerce Internet entrepreneur and business angel in Brazil

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Investment focus

  • Industry: Internet, B2B, Retail
  • Stage:Seed, Series A
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Vuxx — Vuxx offers a modular one-stop-shop freight solution for industries and retailers: routing, quoting, dispatching, real-time tracking, billing, and analytics on top of a digital marketplace with independent truck drivers.
  • Printi — Printi is a B2B e-commerce company that aims on breaking the lack of transparency and efficiency in printed products.. Printi is disrupting the inefficient US & Latin American printing market. Utilizing sophisticated technology and the scale of the internet, Printi offers lowest prices, high quality, and a broad product portfolio tocorporations of all sizes.Printi was founded on 2012 and is headquartered in São Paulo, Brazil.
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Ian Lee
Angel · Santiago, Region Metropolitana, Chile · 1 investments in LATAM Retail startups

Ian Lee is the Examedi Co-Founder and CEO | Thiel Fellow at The Thiel Foundation. He attended University of Waterloo.

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Investment focus

  • Industry: FinTech, Lending, Big Data
  • Stage:Pre-Seed
  • Geography: Mexico

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $145k–$398k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Crecy — Crecy is an alternative lending app that leverages Open Banking & Gig Platforms APIs to deliver formal credit products to 100M+ people in LatAm. Crecy offers to its customers revolving credit lines of up to $100/month they can access by simply linking their bank and/or gig account to the app.
  • STRADE — STRADE is the first marketplace for luxury sneakers in LATAM. Where we authenticate luxury items and add a digital certificate of authenticity on the blockchain (an NFT). Connecting re-sellers with buyers, providing transparency to users and giving them the confidence to buy a luxury product online.
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In Hsieh
Angel · São Paulo, Sao Paulo, Brazil · 1 investments in LATAM Retail startups

In Hsieh is the Co-Founder at OOOOO.

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Investment focus

  • Industry: Fashion, E-Commerce, Marketplace
  • Stage:Seed, Angel
  • Geography: Brazil

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • FormaFina — FormaFina is an online marketplace for US-based premium design and home decor brands to expand internationally. Access to new markets with strong demand with partner who will take care of exportation and local sales and fulfillment. Willing to give exclusivity and discounts on wholesale prices. Discovery of aspirational, premium, and innovativedesign products that cannot be found in the local market. Willing to pay a premium.FormaFina was founded on 2012 and is headquartered in Sao Paulo, Brazil.
  • eModa Showroom — eModa Showroom is an innovative, online, curated wholesale marketplace that connects fashion brands and manufacturers with retailers. At eModa, brands and manufacturers can feature collections, prospect for new retailers and manage all of the orders online. We provide business tools for fashion brands and manufacturers looking to grow a wholesalebusiness, from creating a virtual showroom down to processing payments. For Retailers, eModa facilitates brand discovery, collection browsing, purchases, and order management. The company's efforts are focused on streamlining discovery and buying through an innovative platform and easy-to-use technology, so that the wholesale industry may increase revenues, cut costs, analyse performance, and improve the wholesale experience. To make it possible, we’ve gathered an experienced and passionate team with complementary business, technology, and fashion skills and we are applying all of it to drive the fashion wholesale industry forward.EModa Showroom was founded on 2014 and headquartered in São Paulo, Brazil.
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Alberto Moriondo
Angel · Chicago, Illinois, United States · 1 investments in LATAM Retail startups

Alberto is an entrepreneur and senior executive with 25+ years of strategy, marketing and business development experience across a number of industries and technologies. Mobile industry pioneer, with over 15 years connecting brands and consumers through mobile devices and interactive marketing programs. Proven leader and strategic thinker whobuilds strong, collaborative teams that attract A-players. Angel investor and advisor to technology start-ups with a focus on mobile, cloud and digital.

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Investment focus

  • Industry: Internet, E-Commerce Platforms, Retail
  • Stage:Seed, Pre-Seed
  • Geography: United States, Argentina

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • WebCurfew — WebCurfew is a cloud-based platform to enable home automation by managing the routers (gateway) that people already have at home… and a simple dashboard to control the experience. The first application is an “Internet Parental Control” service that allows parents to take back control over when and how their children access the internet from anyconnected device. It replaces the antiquated device-centric model of managing parental controls on individual devices, and provides a simple solution by managing the central point of all WiFi internet access in the home – the router.
  • Reply Tech — Reply Tech is a spin-off from Reply Latam that leverages AI to help brands grow their sales on LATAM ecommerce marketplaces
  • Reply Latam — Reply helps brands sell their products on mayor LATAM marketplaces. Services include product onboarding, pre-sale and post-sale customer support, marketing campaigns, and big data analytics.
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Francisco Medina
Angel · Morelia, Michoacan de Ocampo, Mexico · 1 investments in LATAM Retail startups

Francisco Medina is the Chairman of Grupo Fame.

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Investment focus

  • Industry: SaaS, Retail, Payments
  • Stage:Seed
  • Geography: Mexico

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pacto — Pacto provides technology to restaurants and bars in order to improve the customer experience and accelerate business growth. It seeks to be a catalyst for financial inclusion for small and medium-sized food and beverage companies by integrating them into digital commerce through technology-based solutions.
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Abraham Achar
Angel · 1 investments in LATAM Retail startups

Abraham Achar

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Investment focus

  • Industry: SaaS, Retail, Big Data
  • Stage:Seed
  • Geography: Mexico

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Crunch Dna — Own CrunchDNA.com today. Secure checkout and guided transfer support. No hidden fees.
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Mikko Silventola
Angel · 1 investments in LATAM Retail startups

Mikko is an active investor, with over 50 investments globally. Besides Europe, he is also active in Southeast Asia, Middle East, and Lat Am. He is the first investor of Bolt (Estonia), an investor of Rappi (Colombia), and of Hugo (El Salvador). He has founded 3 international media companies which in total have generated over €35M in sales overjust a few years. He has helped companies with internationalization, fundraising and M&As in Asia, Europe and the Middle East.

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Investment focus

  • Industry: E-Commerce, Software, Transportation
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia, Finland, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $191k–$4.2M; Angel $37k–$111k; Pre-Seed $230k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bought — A fully automated secondhand marketplace unleashing the 95% of hidden secondhand supply with AI.
  • Droppe — Order work equipment directly from manufacturers. Support small businesses and source more responsibly from local and European manufacturers. Order from several suppliers at the same time with one shopping cart. Test samples for free and order products for your workplaces without extra hassle. Find nitrile gloves, protective clothing, work gloves, work accessories, disposable gloves, disinfectants, sanitizers and other supplies in one place.
  • WIP - Work in Peace — The covid-19 outbreak has nailed us to computers. People are tired of virtual meetings. The reason why we meet in person is changing from routine braking to necessity. This will lead to a growing demand for simple and affordable rooms for daily meetings in various locations. The process of finding and booking an offsite meeting room for a dailymeeting is time-consuming and complex. The premium character of meeting rooms, in terms of large selection, features, and price, that dominate the market requires lengthier consideration and coordination. Our 5-year vision - Your city is your office and a meeting room A platform that helps future companies work & meet more efficiently, using technology and data. Your city is your office - The mySpotit app will open every door you need for working.
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Daniel Kan
Angel · San Francisco, California, United States · 1 investments in LATAM Retail startups

Daniel Kan is the Co-Founder and Chief Product Officer of Cruise. He attended Claremont McKenna College.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Greece, Colombia

Investor stats

  • Total investments: 12
  • Round size: Seed $2.3M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Outset — Get the depth of qualitative interviews at the speed and scale of a survey with the power of AI-moderated research. Make better, faster decisions for your business.
  • Delian Alliance Industries — Building the digital backbone for the age of autonomous warfare.
  • Superorder — The top off-premise operating system for restaurants. Focus on making the food that you love and we'll take care of the rest.
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Leonardo Teixeira
Angel · 1 investments in LATAM Retail startups

I am one of the partners of Iporanga Ventures running our Pre-Seed Stage fund. Prior to That I spent 6 years investing my own money in tech startups as an angel investor.

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Investment focus

  • Industry: Education, E-Learning, EdTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Brazil, United States

Investor stats

  • Total investments: 28
  • Round size: Seed $150k–$1.1M; Angel $44k–$180k; Pre-Seed $650k–$1.1M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • bxblue — bxblue is a marketplace for personal loans in Brazil explicitly targeting pensioners and Government workers because they can they take loans secured by their guaranteed income. Because of that banks can deduct the payment directly from the paycheck, leading to an apr 10x lower than credit cards. Payroll secured loans are the most affordablepersonal loan in Brazil, and they represent 60% of the personal loans in the country. It is a 40bn dollar/year marke, completely offline. We are taking this entire market online.
  • Consulta do Bem — Consulta do Bem seeks to promote universal access to health by offering an innovative way to schedule and get consultations online. Using technology and science, the company connects doctors and patients instantaneously, optimizing the health professionals' agenda and allowing them to offer their services at more affordable prices to thepopulation.Consulta do Bem was founded in 2015 and is based in Sao Paulo, Brazil.
  • Back4app — Harness the power of a low-code cloud platform to rapidly launch apps and seamlessly scale to millions of users. Unlock AI-powered tools and out-of-the-box components for blazing-fast development.
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Francisco Javier Restrepo
Angel · 1 investments in LATAM Retail startups

Francisco Javier Restrepo

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Investment focus

  • Industry: Retail, Logistics, Food Delivery
  • Stage:Seed
  • Geography: Chile

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • tet4d — Tet4D is a cutting-edge SaaS platform revolutionizing logistics planning through automation. Our solution optimizes load cubic capacity, selects the ideal transportation, and determines the most efficient routes, ensuring complete traceability and visibility throughout the logistics process. Inspired by the game Tetris, Tet4D leverages advancedartificial intelligence (AI) and machine learning (ML) to introduce innovative approaches in integrated logistics.Our company is dedicated to making a significant environmental impact by reducing the number of trucks on the road by 5-10%, showcasing how AI can serve humanity. We achieve remarkable reductions in costs and planning times—cutting the latter by an impressive 90%—while also contributing to a lower carbon footprint among other substantial benefits.Join us at Tet4D as we continue to push the boundaries of logistics innovation and sustainability.
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Simon Borrero
Angel · Mexico City, Distrito Federal, Mexico · 1 investments in LATAM Retail startups

Simón Borrero is a Co-Founder & CEO at Rappi. He attended MIT Sloan School of Management.

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Investment focus

  • Industry: E-Commerce, Internet, Marketplace
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Colombia, Brazil, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $1.5M–$10M; Pre-Seed $300k–$6.7M; Series A $6.7M–$20M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Chowdeck — Order food, groceries, drinks, medicines & everyday essentials from top restaurants, pharmacies, local markets, and stores near you. Fast delivery with Chowdeck.
  • Leona — Todos tus chats con pacientes de WhatsApp ahora en una sola app para que nunca pierdas un mensaje importante.
  • Nauta — Nauta is a cutting-edge, AI-powered B2B SaaS platform designed to streamline and transform the logistics and trade industry. With a focus on interconnecting the key players in the supply chain, Nauta helps companies automate up to 75% of operational tasks, reducing manual processes and errors.Founded by industry experts who experienced firsthandthe challenges of fragmented logistics operations, Nauta offers a user-friendly platform that doesn’t require technical knowledge or complex integrations. It provides real-time visibility and control over shipments, enabling companies to better manage their supply chain, save time, and lower costs.By leveraging AI to capture and structure data, Nauta helps businesses make informed decisions, ensuring smooth operations across the logistics chain. Trusted by companies across the world, Nauta is revolutionizing the logistics sector, one container at a time​​.
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Mariano De Larrobla
Angel · 1 investments in LATAM Retail startups

Founder & President, Bantotal

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Investment focus

  • Industry: B2B, Retail, E-Commerce
  • Stage:Seed
  • Geography: Uruguay

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • nocnoc — Our cross-border eCommerce platform enables Latin American marketplaces to enter the cross-border world, and empowers international sellers to increase their selling volumes in Latin America.Forget long and frustrating international adventures. Reward your customers with a comfortable domestic-feeling shopping experience no matter where theproducts are coming from.
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Rodrigo Vieira
Angel · São Paulo, Sao Paulo, Brazil · 1 investments in LATAM Retail startups

Rodrigo Vieira is the partner at Caravela Capital. He attended Northeastern University

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Investment focus

  • Industry: Pet, Retail, Education
  • Stage:Seed, Pre-Seed
  • Geography: Brazil, Colombia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LAIKA — LAIKA is an e-commerce platform for pets that offers a variety of products and services. LAIKA is like a dog with two tails right now. Its platform for pet products and services has been growing in recent months and it’s drawn the necessary investment to keep up its momentum.LAIKA built a digital platform where users don’t have to go anywhereelse to meet said needs. With two main sections; products and services. In the products section, we have more than 4,000 references (among which you can find most of the brands of food, snacks, medicines, accessories, and others). In the services section, we have more than 17 services, all the healthcare, beauty, and entertainment services. All of the above is delivered straight to your home and with the flexibility of choosing the date and time on and at which you wish to receive the order, including same-day deliveries for the main cities and accepting all payment methods, both online and cash on delivery.
  • Amigo Edu — Amigo Edu offers digital fundraising and scholarships by facilitating digital examinations to eligible merits for higher education.
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Luis X. Barrios
Angel · Mexico City, Distrito Federal, Mexico · 1 investments in LATAM Retail startups

Luis X Barrios is the Founder and the Chief Executive Officer of ArkAngeles.co. He also founded TheArkFund in 2016 and is one of the founders of The Pool in 2013.

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Investment focus

  • Industry: Software, Apps, Gaming
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Mexico, Colombia, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $170k–$300k; Pre-Seed $50k–$345k
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • STRADE — STRADE is the first marketplace for luxury sneakers in LATAM. Where we authenticate luxury items and add a digital certificate of authenticity on the blockchain (an NFT). Connecting re-sellers with buyers, providing transparency to users and giving them the confidence to buy a luxury product online.
  • InstaFit — Uscreen's all-in-one video membership platform enables creators to scale their businesses through web, apps, built-in community & live streaming features.
  • Get Konvex — Wihom helps buildings and condominiums to solve the attention of owner service, omnichannel software to generate effective interactions.
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Ian McNish
Angel · San Francisco, California, United States · 1 investments in LATAM Retail startups

Ian McNish - Mentor @ StartX (Stanford-StartX Fund)

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Investment focus

  • Industry: Software, CAD, Mobile
  • Stage:Seed, Series A, Convertible Note
  • Geography: United States, Brazil

Investor stats

  • Total investments: 6
  • Round size: Seed $835k–$2.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Olist — Olist is an SMB commerce enabler ecosystem that specializes in the fields of logistics and capital. Commerce has changed and platforms like shopify, amazon, meli, alibaba and their peers are more and more relevant to our economy throughout the globe. This movement triggered a new generation of enablers to support small businesses navigate in suchrich and fragmented ecosystem. Olist is leading the way as the #1 commerce enabler for SMBs in Brazil, now expanding globally.The company started with a single core connecting merchants to marketplaces and evolved to a complete ecosystem of integrated products in 3 dimensions. (1) Commerce: (a) Olist Store is the leading solution to sell on marketplaces; (b) Olist Shops is our ecommerce solution, mobile first, natively connected to social media, present in 180 countries. (2) Logistics: Olist Pax is a leading cloud based logistics and fulfillment network provider operating in Brazil. (3) Capital: Olist Credit and Olist Pay.
  • Savitude — Savitude, a SaaS B2B company, offers brands and retailers a design-focused, consumer centric computer vision and analytics platform for best fit and assortment optimization to improve margins, reduce returns and increase consumer retention.
  • Ginkgo Bioworks — Build autonomous labs to accelerate biotech R&D. Program biology like software. Run experiments on our cloud lab or build your own. Trusted by 130+ customers.
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Patrick Sigrist
Angel · São Paulo, Sao Paulo, Brazil · 1 investments in LATAM Retail startups

Born with an entrepreneurial spirit, devoted the past 15 years to Food Delivery services and O2O logistics. Founder of iFood and CEO of DiskCook for over a decade, was also a partner founder at a couple of other successful startups. Actively involved in his businesses, has a very successful founder, CEO, advisor, angel investor and M&A trackrecord during the last 2 decades. After making a great exit from iFood and many other companies, is currently in a sabbatical year living in Palo Alto, USA, seeking refreshment at the best startup atmosphere place on earth…

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Investment focus

  • Industry: FinTech, Financial Services, B2B
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Brazil

Investor stats

  • Total investments: 16
  • Round size: Seed $543k–$6M; Pre-Seed $646k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zazos — Allow companies to create their own people management tools and offer a unique experience to their employees.
  • Brendi — We are the Shopify for Conversational Commerce focused on SMB`s in Brazil.
  • Movêu — Movêu is an online custom furniture brand that enables customers to design the furniture of their choice. It utilizes an intuitive 3D customization platform to customize the furniture.
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Marcelo Sampaio
Angel · San Francisco Bay Area, California, United States · 1 investments in LATAM Retail startups

Marcelo Sampaio is based out of New York, New York. and is the Co-Founder & Executive Chairman of Hashdex. Marcelo previously worked at Endless, Inc. as Co-Founder & Chief Growth Officer. Marcelo Sampaio attended the The University of Chicago Booth School of Business.

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Investment focus

  • Industry: Internet, Financial Services, Apps
  • Stage:Seed, Pre-Seed
  • Geography: Brazil, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $250k–$4.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kanastra — Asset-management-as-a-service
  • Linker — SBOBET88 Rolet adalah tips mencari sensai baru di SBOBET88 Rolet dan darth6010. Sensasi baru akan kalian dapatkan denga mudah bersama kami sekarang juga!
  • Nexa Finance — Nexa Finance envisions a future where everyone has access to premium investment opportunities, democratizing finance and making high-quality investment options available to all.
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Oskar Hartmann
Angel · Moscow, Moscow City, Russian Federation · 1 investments in LATAM Retail startups

Oskar Hartmann currently works as an Angel Investor for YAP. He previously worked at Flaschenpost SE as an Investor. Oskar Hartmann attended WHU - Otto Beisheim School of Management.

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Investment focus

  • Industry: E-Commerce, Internet, Automotive
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, India, Russian Federation

Investor stats

  • Total investments: 61
  • Round size: Seed $300k–$52M; Series A $7.4M–$17M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Tiggy — 15 minute grocery delivery on a mission to forever change the way we buy everyday essentials. Now live in Vancouver
  • Lumaly — Lumaly is a browser extension that automatically tries out and uses all available voucher codes in the cart when shopping online.
  • June Homes — June Homes is a network of fully furnished bedrooms in prime spots available on flexible month-to-month terms in major American cities.
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José Cristián Cortés
Angel · Santiago, Region Metropolitana, Chile · 1 investments in LATAM Retail startups

Results driven leader with several years of experience helping companies to their greater potential, within crisis and turbulence, engaging stake holders, team members and customers developing collaboration, critical thinking, and determination.

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Investment focus

  • Industry: Retail, Logistics, Food Delivery
  • Stage:Seed
  • Geography: Chile

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • tet4d — Tet4D is a cutting-edge SaaS platform revolutionizing logistics planning through automation. Our solution optimizes load cubic capacity, selects the ideal transportation, and determines the most efficient routes, ensuring complete traceability and visibility throughout the logistics process. Inspired by the game Tetris, Tet4D leverages advancedartificial intelligence (AI) and machine learning (ML) to introduce innovative approaches in integrated logistics.Our company is dedicated to making a significant environmental impact by reducing the number of trucks on the road by 5-10%, showcasing how AI can serve humanity. We achieve remarkable reductions in costs and planning times—cutting the latter by an impressive 90%—while also contributing to a lower carbon footprint among other substantial benefits.Join us at Tet4D as we continue to push the boundaries of logistics innovation and sustainability.
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