EWA Capital
EWA Capital is a Bogotá-based venture capital firm that invests $200K–$1.5M in early-stage tech companies across Spanish-speaking Latin America, applying a gender-smart mandate allocating 40% of capital to companies with significant women leadership.
- Company typePrivate
- Founded2015
- HeadquartersBogotá, Colombia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What EWA Capital does
EWA Capital is a Bogotá, Colombia-based venture capital firm founded in 2015 that manages Fund I (Nazca Investment) and invests $200K–$1.5M tickets in early-stage tech companies (seed to pre-Series A) across Spanish-speaking Latin America. The firm is led by Managing & Founding Partner Patricia Sáenz and operates with a multidisciplinary team of 11–50 staff and operating partners drawn from backgrounds including PE (Alejandro Carrillo, +US$750M in fund management), corporate venture (Gustavo Martello from Globant Ventures), and venture building (Carlos Fernandez de la Pradilla, co-founder of Polymath Ventures). Its portfolio spans 11 companies across fintech (Vaas, TPaga, Sempli), SaaS (Mekan, WISE), edtech (BeeReaders, Platzi), healthtech (1DOC3), e-commerce (Merqueo), logistics (GoCargo), climatech (UALI), and biotech (metaBIX).
The firm's go-to-market is sales-led and relationship-driven: deal flow originates from a network of over 30 high-net-worth individuals and institutional LPs, supplemented by regional ecosystem ties (Colcapital, WeInvest, WIC, WeXchange) and alliances with AWS, HubSpot, and Value. EWA's distinctive differentiator is its gender-smart mandate, which allocates 40% of fund capital to companies with at least 30% women in founding team/board/C-Level and 60% user base benefiting women, requiring 100% commitment from portfolio companies to actively promote gender equality. Recent geographic expansion has extended operations beyond Colombia into Mexico, Brazil, Chile, Peru, and Uruguay, including recent investments in Uruguayan biotech startup metaBIX Biotech (co-led $1.3M round, March 2026) and AI-native insurtech platform Gangkhar ($4.25M seed participation, March 2026).
Revenue mechanics follow a traditional VC fund model, combining management fees on Fund I assets with carried interest on successful portfolio exits. The firm monetizes through standard subscription-style fund commitments from its LP base. No proprietary technology platform or product suite is offered — EWA is a capital allocator, not a product company — and revenue and AUM figures are not publicly disclosed.
EWA Capital firmographics
Firmographics- Name
- EWA Capital
- Legal name
- EWA Capital
- Website
- https://ewa.capital
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- EWA Capital is a Bogotá-based venture capital firm that invests $200K–$1.5M in early-stage tech companies across Spanish-speaking Latin America, applying a gender-smart mandate allocating 40% of capital to companies with significant women leadership.
- Ownership category
- akta.pro rank
EWA Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Gender Lens / Diversity, Equity & Inclusion (DEI) Funds (FSANAJAM)
Keywords
Where EWA Capital is headquartered
LocationHeadquarters
- HQ city
- Bogotá
- HQ country
- Colombia
- HQ region
- Latin America
Offices1 record
Markets served
EWA Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Fund Management / Carry: EWA Capital generates returns through traditional VC fund management structures, including management fees and carried interest on successful portfolio company exits. Their Fund I pool of institutional investors provides the capital base for investments ranging from $200K to $1.5M per startup.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Investment ticket size for early-stage startups |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
EWA Capital product offering
Product offeringCore offering
EWA Capital is a Bogotá-based venture capital management company that invests $200K to $1.5M in early-stage tech startups from seed to pre-Series A in Spanish-speaking Latin America. The firm operates with a gender-smart lens, allocating 40% of its fund to companies with significant women leadership, and provides smart money — combining capital with Operating Partner expertise, governance guidance, fundraising assistance, and access to a network of 30+ high-net-worth investors and institutional LPs.
Product overview
EWA Capital is a venture capital firm specializing in early-stage tech investments across Latin America with a gender-lens focus. The firm does not operate a unified product platform; instead, it manages a portfolio of portfolio company investments across sectors including fintech, SaaS, edtech, healthtech, e-commerce, climatech, and logistics. The portfolio includes companies such as Vaas (cross-border private debt platform), Mekan (automotive SaaS with AI lead qualification), Bia (smart energy metering), BeeReaders (Spanish literacy edtech), TPaga (digital wallet/WaaS), Sempli (SME lending), Platzi (digital education), 1DOC3 (healthtech platform), Merqueo (e-commerce/grocery), GoCargo (logistics), UALI (drone-based infrastructure monitoring), and WISE (customer experience SaaS). These represent portfolio holdings, not EWA Capital's own product offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Nazca Fund (Fund I)
- Smart Money Investment & Value-Add Support
Companies that use EWA Capital
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles2 records
EWA Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
EWA Capital partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- ValueminorListed as an ally in EWA's portfolio page under 'Our allies' section.
- AWSminorListed as an ally in EWA's portfolio page under 'Our allies' section, indicating AWS as a technology/service partner.
- HubSpotminorListed as an ally in EWA's portfolio page under 'Our allies' section.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
EWA Capital competitors and assessment
Company assessmentDirect peers
- ALLVP: Mexico-based early-stage VC investing in Spanish-speaking Latin America. Closest comparable in terms of geographic focus, stage, and ticket size, with a portfolio spanning fintech, SaaS, healthtech, and consumer.
- Magma Partners: Chile/regional LatAm early-stage VC investing across Spanish-speaking Latin America. Comparable geographic focus, seed-to-Series A stage, and sector-agnostic thesis, with strong Andean ecosystem ties.
- Cometa: Mexico-based early-stage VC investing in Spanish-speaking Latin America. Comparable stage, ticket size, and sector focus, with similar hands-on operating partner support model.
- DILA Capital: Mexico-based early-stage VC investing across Spanish-speaking LatAm. Comparable geographic and stage focus with similar fund size and gender-inclusive investment themes.
- Andean Impact: Andean region-focused early-stage impact investor. Comparable focus on Spanish-speaking LatAm, similar stage, and overlapping gender-lens / impact themes.
- AVP Ventures: LatAm-focused early-stage VC with portfolio of ~17 companies and two exits (per EWA team bios). Closely comparable fund size, stage, and Spanish-speaking LatAm geographic focus, and a former employer of EWA team member Elizabeth Acuña.
Broad incumbents
- monashees: One of the largest LatAm-focused VCs, based in Brazil but investing across the region. Comparable stage and sector breadth but materially larger fund size and broader geographic mandate.
- Kaszek Ventures: Argentina-founded, pan-LatAm early-to-growth stage VC. Comparable focus on Spanish-speaking LatAm but operates at materially larger check sizes and later stages.
Emerging players
- Vox Capital: Brazil-based impact-focused early-stage VC. Comparable impact mandate and emerging manager profile, though primarily Brazil-focused rather than Spanish-speaking LatAm.
- Acumen LatAm: Impact investing arm of Acumen focused on Latin America. Comparable impact/gender-lens thesis and emerging-manager profile, with comparable geographic and stage focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
EWA Capital social profiles
Digital presenceEWA Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
EWA Capital leadership team
Management profileNumber of profiles
Profiles12 records
EWA Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EWA Capital M&A and investment
M&A and investmentM&A
Investments25 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EWA Capital
What does EWA Capital do?
EWA Capital is a Bogotá-based venture capital management company that invests $200K to $1.5M in early-stage tech startups from seed to pre-Series A in Spanish-speaking Latin America. The firm operates with a gender-smart lens, allocating 40% of its fund to companies with significant women leadership, and provides smart money — combining capital with Operating Partner expertise, governance guidance, fundraising assistance, and access to a network of 30+ high-net-worth investors and institutional LPs.
Is EWA Capital a public or private company?
EWA Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was EWA Capital founded?
EWA Capital was founded in 2015. It employs 11 to 50 people.
Where is EWA Capital based?
EWA Capital is headquartered in Bogotá, Colombia, in the Latin America region.
How does EWA Capital make money?
One revenue line is on record: fund Management / Carry.
Who are EWA Capital's main competitors?
Direct peers on record are ALLVP, Magma Partners, Cometa, DILA Capital, Andean Impact and AVP Ventures. Broad incumbents are monashees and Kaszek Ventures. Emerging players are Vox Capital and Acumen LatAm.
Does EWA Capital have an API?
No public API is recorded for EWA Capital.
What industry is EWA Capital in?
EWA Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANAJAM, Gender Lens / Diversity, Equity & Inclusion (DEI) Funds. Its NAICS code is 523940 and its SIC code is 6799.