Acumen LatAm Impact Ventures

Name

Acumen LatAm Impact Ventures

Legal name

ALIVE Ventures

Website

https://alive-ventures.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Impact Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Impact / ESG Venture Capital (FSANAAAG)

akta.pro secondary industries

SDG / Thematic Sustainable Investment Funds (FSANAJAN), Sustainable/Thematic Investing (Climate, Clean Tech, Water, Biodiversity) (FSAAALAB), Impact Investment & Development Investment Funds (BPADACAO), Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ), ESG/Sustainable Investment Advisory (FSAEAAAJ)

Keywords

• Impact venture capital
• Private equity funds
• Gender lens investing
• Climate-smart investing
• Impact measurement management

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, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Management Fees: ALIVE earns management fees on committed capital across its two funds (ALEG I and ALEG II). Fees support fund operations and ongoing portfolio monitoring.
2. Carried Interest: As the fund manager of ALEG I and ALEG II, ALIVE earns carried interest from portfolio returns once investors receive their preferred returns. ALIVE's compensation structure is aligned to impact results, linking fund manager returns to both financial performance and measurable social outcomes.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

ALIVE Ventures is an impact investment fund manager that deploys catalytic venture capital into high-growth, scalable companies in Latin America (with primary focus on Colombia and Peru) leveraging technology to address economic inequality. Across two funds (ALEG I launched 2018 and ALEG II with USD 55M final close in February 2025, totaling over US$80M AUM), the firm has made 17 investments and provides hands-on post-investment support including dedicated Technical Assistance Facilities. Investments are organized around four themes: Education & Pathways to Quality Jobs, Income Generation Opportunities, Access to Critical Goods & Services, and Climate Resilience & Adaptation.

Product overview

ALIVE Ventures is an impact investment fund manager operating two distinct investment funds (First Fund launched 2018 and ALEG II with USD 55M final close in 2025) focused on Latin America's Andean region. The firm invests across four strategic impact themes: (1) Education & Pathways to Quality Jobs, (2) Income Generation Opportunities, (3) Access to Critical Goods & Services, and (4) Climate Resilience & Adaptation. ALIVE's investment approach incorporates gender lens investing at every step, comprehensive impact measurement and management, and hands-on technical assistance to portfolio companies. The portfolio currently includes 17 companies across 6 countries serving low-income communities.

Differentiator

Problem solved

Functional benefit

Products and services

• ALEG II Fund (Second Impact Investment Fund) ALIVE's second closed-end impact investment fund targeting high-impact, profitable, and scalable companies serving underserved communities across Latin America with emphasis on the Andean Region. Final close at USD 55 million in February 2025. Investments span four impact themes: sustainable income generation for SMEs, climate resilience and adaptation, access to essential goods and services, and improved access to quality education. Available to institutional and accredited LPs.
• ALEG I Fund (First Impact Investment Fund) ALIVE's first closed-end impact investment fund launched in 2018, investing in high-growth companies leveraging technology to address economic inequality and transform lives of low-income communities across Latin America. Includes comprehensive post-investment support with ESG integration and gender lens investing. Available to institutional and accredited LPs.
• Technical Assistance Facilities Two dedicated Technical Assistance Facilities (one per fund) supporting over 20 technical assistance projects across portfolio companies. Services include impact measurement, gender-smart business strategies, tailored business development advising, and ESG implementation support. Over USD 2.5 million raised across both facilities.

Quantifiable outcome

• 14 million+ lives impacted across Latin America through portfolio companies
• +7 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Boston Consulting Group (BCG)coreImplementation/ SI/ Consulting Partner · 29 October 2024ALIVE and BCG partnered through BCG's Social Impact Consulting Program, providing pro bono strategic consulting to high-potential impact startups in Colombia and Peru. ALIVE coordinated national calls-for-applications and selected winners (Sinba in Peru, Symplifica in Colombia in 2024; Hoppnic in Peru and AcabadosVIS.com in Colombia in 2025). Since program inception, BCG has mobilized over 45 consultants and provided over $1.4M (2024) / $5M (2025) in consulting services, benefiting over 12 ventures (2024) / 50+ enterprises (2025).
• Peru Venture Capital Conference (PVCC) / PECAPminorGTM or Marketing Partner · 11 December 2023ALIVE participated in PVCC 2023, the largest VC conference in Peru. ALIVE moderated the 'Trends in Impact Investment' panel, co-led the 'WeInvest Panel & Lunch' with Pia Morante, and co-led the 'Innovative Instruments to Catalyze Impact Investment' workshop with Aliados de Impacto (NAB Peru).
• Value for WomencoreStrategic or Co-development Partner · 26 May 2023Gender and inclusion advisory firm. ALIVE partnered with Value for Women to deliver technical assistance projects with portfolio companies including Symplifica (gender integration, policies) and Slang (DEI strategy). Also collaborated on joint gender research reports covering mobile workforce economics and fintech access for women-led MSMEs.
• Latin American Impact Investing Forum (FLII)minorGTM or Marketing Partner · 14 March 2023ALIVE participated in and won the Outstanding Capital Investment Prize at FLII 2024. Managing Partners Virgilio Barco and Santiago Álvarez led workshops and panels on impact measurement and gender lens investing at FLII 2023.
• 60 DecibelscoreStrategic or Co-development Partner · 27 September 2022Impact measurement firm that conducted multiple impact studies for ALIVE portfolio companies including Symplifica, Finaktiva, and Slang. ALIVE hired 60 Decibels to conduct three impact measurement studies over the course of each Fund 1 investment.
• 2X GlobalcoreStrategic or Co-development Partner · 1 January 2021ALIVE was a founding member of 2X Global (2021-2023), the world's leading organization for the promotion of gender lens investing. ALIVE's second fund is 2X Eligible and systematically applies gender lens throughout the investment process.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Vox Capital: Brazilian pioneer impact venture capital fund manager investing in early-stage companies serving low-income populations in Brazil. Closest direct geographic and thematic peer to ALIVE given its focus on impact measurement, gender lens, and Latin American early-stage venture investing.
• Impact Ventures México: Mexico-focused impact VC fund manager and sister Acumen franchise, comparable in structure and impact thesis to ALIVE. Operates a parallel impact investment model in another major Latin American market with similar DFI LP backing.
• Pomona Impact: Latin American impact VC focused on early-stage inclusive businesses. Comparable in target geographies, ticket sizes, and emphasis on impact measurement alongside financial returns.
• Elevar Equity: Impact venture capital firm investing in companies providing essential services to low-income consumers in emerging markets including Latin America. Comparable in sector focus (financial inclusion, education, essential goods) and impact-aligned LP base.
• Mercy Corps Ventures: Impact VC arm of Mercy Corps investing in early-stage startups serving vulnerable populations in emerging markets. Comparable in mission-driven early-stage investing and emphasis on resilience and adaptation.

Broad incumbents

• Omidyar Network: Global impact investment firm founded by Pierre Omidyar investing across multiple asset classes and geographies. Comparable in impact-first philosophy and emerging-markets exposure, though broader and deeper than ALIVE.
• Capria Ventures: Global impact VC fund-of-funds and capacity builder for emerging-market fund managers. Comparable as an impact fund manager focused on emerging markets, with broader geographic and structural scope.
• IDB Lab: Innovation and venture arm of the Inter-American Development Bank investing in early-stage, impact-driven businesses across Latin America and the Caribbean. Comparable as a deep-pocketed LatAm impact investor with similar DFI mandate and portfolio support capabilities.

Others

• Acumen: Global pioneer in impact investing founded by Jacqueline Novogratz and ALIVE's strategic franchise partner. ALIVE explicitly operates as the 'Acumen LatAm franchise'; comparable as the parent impact investing brand and a strategic LP/co-investor.
• Sonen Capital: Mission-aligned investment firm that co-manages Latam Impact Fund with Fondo de Fondos and is an LP/co-investor in both ALIVE funds. Comparable as an aligned impact investment partner operating in the same Latin American ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alive-ventures

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments23 records

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

Frequently asked questions about Acumen LatAm Impact Ventures