devlabs

Venture Capitaldevlabs.vc

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

Venture capital
Early-stage investing
Seed funding
Startup investment
Portfolio management

Where devlabs is headquartered

Location

Headquarters

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 offering

Core 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 profile

Segments1 record

Ideal customer profiles1 record

devlabs technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

devlabs partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

devlabs competitors and assessment

Company assessment

Regional 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 financial estimates

Financial estimate

Revenue estimate

Valuation estimate

devlabs leadership team

Management profile

Number of profiles

Profiles3 records

devlabs funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

devlabs M&A and investment

M&A and investment

M&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?

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).