devlabs
Devlabs is a private early-stage venture capital firm that invests seed-to-Series A capital into globally scalable software startups across the Americas, with a 20-company portfolio spanning fintech, SaaS, and AI applications, and offices in Oakland and Temuco.
- Company typePrivate
- Founded2018
- HeadquartersOakland, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What devlabs does
Devlabs is a privately held early-stage venture capital firm founded in 2013, with its primary investment vehicle, Devlabs Ventures Fund I, making its first deployment in September 2018. The firm invests in transformational teams tackling large problems in large markets with globally scalable software, with a stated focus on hard-to-reach, hard-to-exit early-stage ecosystems across the Americas. Devlabs operates from Oakland, California and Temuco, Chile, with three named partners: co-founder Ruben O. Hernandez, operations partner for Latin America Morelys Machado, and partner emeritus Jose Lopez (formerly co-founder and General Partner until 2023).
The firm's portfolio comprises 20 companies concentrated in software-driven verticals including payments (QVO, Kushki), AI-applied use cases (Bruna for industrial optimization, Colektia for debt resolution, Dreamoms for postpartum depression), SaaS for SMBs (ERPyme, Fitco, GoFeels, BackStartup, Maxxa), DeFi and crypto (Arch, LedgiFi), fintech infrastructure (Radar Treasury), RegTech (Snap Compliance, Soyio), and other verticals (Charly.IO, ComeS, Cheetrack, Videsk). Two portfolio companies (QVO in 2018 and ERPyme in 2019) have been realized as exits, and standout positions include Kushki and Colektia. Fund I was ranked #4 globally by Preqin in 2024 on Net IRR among 4,500 VC funds under $250M with vintages 2015-2020.
Devlabs generates revenue through standard fund-management economics: recurring management fees on Fund I and performance-based carried interest on realized exits. The firm sources and executes investments directly, typically as lead or co-investor at seed through Series A stages, and maintains visibility through listings on LinkedIn, Crunchbase, Pitchbook, and Preqin. There is no public disclosure of Fund II or follow-on vehicles in the available data, and the firm is not part of a larger institutional asset manager.
devlabs firmographics
Firmographics- Name
- devlabs
- Legal name
- Devlabs
- Website
- https://devlabs.vc
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Devlabs is a private early-stage venture capital firm that invests seed-to-Series A capital into globally scalable software startups across the Americas, with a 20-company portfolio spanning fintech, SaaS, and AI applications, and offices in Oakland and Temuco.
- Ownership category
- akta.pro rank
devlabs industry classification
Industry- Product category
- Venture Capital
- akta.pro primary industry
- National/Regional Development Finance Institutions (DFIs) (FSABAKAB)
Keywords
Where devlabs is headquartered
LocationHeadquarters
- HQ city
- Oakland
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
devlabs business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Management Fees and Carried Interest: Devlabs generates revenue through fund management, collecting management fees on Fund I and other vehicles, and carried interest (performance fees) from successful portfolio company exits. Fund I made its first investment in September 2018 and has achieved exits including QVO and ERPyme.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
devlabs product offering
Product offeringCore offering
Devlabs is an early-stage venture capital firm that invests directly into transformational teams tackling large problems in large markets with globally scalable software, primarily in hard-to-reach ecosystems across the Americas and especially Latin America. Through Devlabs Ventures Fund I, the firm deploys seed-to-Series A equity capital and provides founder-friendly resources, guidance, and operational support to a portfolio of approximately 20 software-driven startups spanning payments, SaaS, fintech, DeFi, RegTech, and other verticals.
Product overview
devlabs is a venture capital firm that does not offer a product or service in the traditional sense. The firm operates as an investment vehicle, providing capital and resources to early-stage startups through its fund Devlabs Ventures Fund I. The firm has a portfolio of approximately 20 portfolio companies spanning payments (QVO, Kushki, Charly.IO), AI-powered industrial optimization (Bruna), AI-powered debt resolution (Colektia), fitness management (Fitco), lodging SaaS (GoFeels), accounting automation (BackStartup), DeFi (Arch), supply chain sustainability (ComeS), WhatsApp sales automation (Cheetrack), video contact center (Videsk), SMB lending (Maxxa), cryptocurrency tax tracking (LedgiFi), treasury management (Radar Treasury), RegTech (Snap Compliance), postpartum depression management (Dreamoms), and identity/consent management (Soyio). The firm itself is not a product company offering technology products to customers.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Fund I ranked #4 among 4500 VC funds for Net IRR by Preqin
Companies that use devlabs
Customer profileSegments1 record
Ideal customer profiles1 record
devlabs technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
devlabs partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights4 records
devlabs competitors and assessment
Company assessmentRegional players
- NXTP Labs: Early-stage venture capital and acceleration program focused on Latin American tech startups. Comparable to Devlabs in regional focus and early-stage orientation, with additional accelerator-driven deal flow.
Direct peers
- Monashees: Leading Brazil and broader LATAM-focused early-stage venture capital firm. Directly comparable to Devlabs in stage focus (seed/Series A), regional concentration in Latin America, and thesis of backing transformational teams building scalable software.
- Kaszek Ventures: One of the largest LATAM-focused venture capital firms investing across seed and Series A. Highly comparable to Devlabs given shared regional focus and software/SaaS orientation, with a larger fund size giving reference for scaling trajectory.
- ALLVP: Mexico-anchored early-stage venture capital firm with broader LATAM exposure. Comparable to Devlabs in stage focus and regional emphasis on Spanish-speaking Latin American markets.
- Magma Partners: LATAM-focused early-stage venture capital firm with offices across the Americas. Directly comparable to Devlabs in stage, geography, and sector focus on globally scalable software companies.
- Valor Capital Group: Cross-border US-Latin America venture capital firm focused on early and growth-stage technology companies. Comparable to Devlabs through its LATAM orientation and bridge between US and Latin American ecosystems.
Broad incumbents
- 500 Global: Large global early-stage venture capital firm and accelerator with active LATAM presence. Comparable to Devlabs at the seed stage but with broader geographic reach and a significantly larger fund platform.
- Andreessen Horowitz (a16z): Major US-based venture capital firm with global investments across stages. Relevant as a broad incumbent reference for software-focused VC economics and portfolio construction approaches that Devlabs' software-heavy thesis mirrors.
Emerging players
- Quona Capital: Early-growth venture capital firm focused on financial inclusion and fintech in emerging markets, including Latin America. Comparable to Devlabs via portfolio overlap with fintech companies like Kushki and similar thesis of backing scalable financial software.
- Ribbit Capital: Global venture capital firm focused exclusively on fintech. Comparable to Devlabs through portfolio overlap in payments/fintech (e.g., Kushki) and shared thesis of backing capital-efficient, software-led financial services companies.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
devlabs social profiles
Digital presencedevlabs financial estimates
Financial estimateRevenue estimate
Valuation estimate
devlabs leadership team
Management profileNumber of profiles
Profiles3 records
devlabs funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
devlabs M&A and investment
M&A and investmentM&A
Investments35 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about devlabs
What does devlabs do?
Devlabs is an early-stage venture capital firm that invests directly into transformational teams tackling large problems in large markets with globally scalable software, primarily in hard-to-reach ecosystems across the Americas and especially Latin America. Through Devlabs Ventures Fund I, the firm deploys seed-to-Series A equity capital and provides founder-friendly resources, guidance, and operational support to a portfolio of approximately 20 software-driven startups spanning payments, SaaS, fintech, DeFi, RegTech, and other verticals.
Is devlabs a public or private company?
devlabs is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was devlabs founded?
devlabs was founded in 2018. It employs 1 to 10 people.
Where is devlabs based?
devlabs is headquartered in Oakland, United States, in the North America region.
How does devlabs make money?
One revenue line is on record: management Fees and Carried Interest.
Who are devlabs's main competitors?
NXTP Labs is listed as a regional player. Direct peers are Monashees, Kaszek Ventures, ALLVP, Magma Partners and Valor Capital Group. Broad incumbents are 500 Global and Andreessen Horowitz (a16z). Emerging players are Quona Capital and Ribbit Capital.
Does devlabs have an API?
No public API is recorded for devlabs.
What industry is devlabs in?
devlabs's product category is Venture Capital. Its primary akta.pro industry code is FSABAKAB, National/Regional Development Finance Institutions (DFIs).