EWA Capital

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.

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

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

• Venture capital
• Early-stage investing
• Gender-lens investing
• Latin America startups
• Impact investing

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core 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

Named customers12 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• ValueminorOthersListed as an ally in EWA's portfolio page under 'Our allies' section.
• AWSminorOthersListed as an ally in EWA's portfolio page under 'Our allies' section, indicating AWS as a technology/service partner.
• HubSpotminorOthersListed as an ally in EWA's portfolio page under 'Our allies' section.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct 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

• Xlinkedin.com/company/ewa-capital
• YouTubeyoutube.com/@ewacapital
• Facebookfacebook.com/ewacapital
• Instagraminstagram.com/ewacapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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

M&A

Investments25 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EWA Capital