Salkantay Ventures, the largest VC fund in Peru, has closed its first venture capital fund, Salkantay Exponential Fund (“SXF”), for $26M. The final closing of the fund includes two important institutional investors: the Dutch Good Growth Fund (DGGF) and Bancóldex. They join existing investors Capria, the IDB Lab, and the Peruvian FCEI.
Through this fund, the firm will invest in seed and Series A rounds in up to 25 technology-based startups in Spanish-speaking Latin America. It will be focused on startups that leverage technology to solve Latin America’s biggest challenges.