Fen Ventures
Fen Ventures is an early-stage venture capital firm founded in 2012 in Santiago, Chile, that invests pre-Seed through Series A in tech-enabled startups across Spanish-speaking Latin America (excluding Brazil), with 50+ portfolio companies and a regional Miami office.
- Company typePrivate
- Founded2012
- HeadquartersSantiago, Chile
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Fen Ventures does
Fen Ventures is an early-stage venture capital firm founded in 2012 and headquartered in Santiago, Chile, with a secondary regional office in Miami. The firm invests in pre-Seed, Seed, and Series A rounds of tech-enabled companies building a better future for Latin America, with an explicit thesis covering Spanish-speaking Latin America and explicitly excluding Brazil, while also backing Latin American founders based in the US and UK. Across four fund vintages the firm has invested in more than 50 startups spanning Fintech, SaaS, Biotech, Logistics, PropTech, HealthTech, and ClimaTech, with a notable recent tilt toward AI-native vertical SaaS (Cifrato, Versu AI, Lebane, Signa, Mintii, Splight, Diio, Simetrik).
The firm operates a generalist investment platform with a structured sourcing process: founders submit pitches through an online form, after which the team conducts diligence and selects investments. Beyond capital, Fen provides strategic support, network access through 100+ co-investor relationships, portfolio support events (Female Founders Summit, La Ronda CTO with AWS), and follow-on capacity. The business model follows standard VC economics: management fees on committed capital cover operational expenses, while carried interest from successful exits is the primary value-creation mechanism for LPs. Strategic partnerships with Activa Alternative Assets/LarrainVial (since 2017) provide institutional infrastructure, while the 2026 AWS partnership creates hyperscaler go-to-market leverage for portfolio companies.
The firm is led by Managing Partner Cristóbal Silva (former lawyer, Northwestern LLM/Kellogg) and Partner Ricardo Levy (Stanford Sloan industrial engineer), supported by Venture Partners with embedded Activa roles, a Bio Venture Partner (Olivia Valdés, UC Davis), a Principal (Javier Pedrals, ex-BCG), legal counsel, analysts, and a communications lead. The team is lean (1–10 employees) and privately held by founding partners, with no parent company or public listing.
Fen Ventures firmographics
Firmographics- Name
- Fen Ventures
- Legal name
- Fen Ventures
- Website
- http://www.fenventures.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fen Ventures is an early-stage venture capital firm founded in 2012 in Santiago, Chile, that invests pre-Seed through Series A in tech-enabled startups across Spanish-speaking Latin America (excluding Brazil), with 50+ portfolio companies and a regional Miami office.
- Ownership category
- akta.pro rank
Fen Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)
- akta.pro secondary industry
- Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)
Keywords
Where Fen Ventures is headquartered
LocationHeadquarters
- HQ city
- Santiago
- HQ country
- Chile
- HQ region
- Latin America
Offices2 records
Markets served
Fen Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Management Fees: VC firms typically charge management fees on committed capital to cover operational expenses and team costs.
- Carry/Performance Fees: Returns from successful portfolio company exits through acquisitions or IPOs represent the primary value creation for VC fund investors.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Fen Ventures product offering
Product offeringCore offering
Fen Ventures is an early-stage venture capital fund that invests pre-Seed, Seed, and Series A capital into tech-enabled startups founded by Spanish-speaking Latin American entrepreneurs, with portfolio support including strategic guidance, network access, and follow-on funding. The firm accepts pitches through an online form, conducts thorough evaluation, and provides hands-on support to selected portfolio companies. It currently operates its fourth fund, headquartered in Santiago, Chile with a regional office in Miami, USA.
Product overview
Fen Ventures is an early-stage venture capital firm established in 2012 that invests in Latin American tech startups, with a portfolio spanning 50+ companies across SaaS, fintech, biotech, logistics, PropTech, HealthTech, and Climatech sectors. The portfolio includes Chipax (financial control SaaS), Chazki (logistics and delivery platform), Cifrato (AI-powered accounting automation), Chattigo (omnichannel customer service AI), AgendaPro (beauty and health business management), Forest (sustainable micro-mobility), Splight (AI energy grid infrastructure), Versu AI (ecommerce automation agents), Mintii (AI-powered ecommerce search and recommendations), Diio (AI sales call intelligence), Simetrik (AI-powered financial reconciliation), Shinkansen (AI-powered money transfer APIs), Selenios (HR recruitment automation), Loto (SME financial cards and expense management), and numerous other specialized vertical SaaS platforms serving markets across Latin America, the US, and UK.
Differentiator
Problem solved
Functional benefit
Products and services
- Fen Ventures Investment Platform Early-stage venture capital firm platform for Latin American tech entrepreneurs, offering investment services, portfolio company support, and startup pitch submission through an online form. The platform provides capital investment (pre-Seed, Seed, Series A), strategic guidance, network access, international validation, key client introductions, fundraising guidance, and follow-on investment capacity to selected Spanish-speaking Latin American tech founders.
Quantifiable outcome
- 50+ startups invested across Latin America, US, and UK
- +2 more outcomes
Companies that use Fen Ventures
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
Fen Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability16 records
Fen Ventures partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, supporting and minor.
- AWScoreAWS partnered with Fen Ventures to host 'La Ronda CTO: agentes y revenue', an event connecting technology leaders from portfolio companies and the broader startup ecosystem to discuss AI integration, engineering teams, and product development.
- BICE VenturessupportingBICE Ventures collaborated with Fen Ventures on the Female Founders Summit 2025, an event to support and promote women-led startups in Latin America.
- BuksupportingBuk partnered with Fen Ventures as a supporting organization for the Female Founders Summit 2025, contributing to the advancement of female entrepreneurship in the region.
- LarrainVialsupportingLarrainVial participated as a collaborating organization in the Female Founders Summit 2025, supporting Fen Ventures' ecosystem building efforts.
- Activa Alternative Assets (LarraínVial)coreIn 2017, Fen Ventures partnered with Activa Alternative Assets (LarraínVial) to extend their reach into broader markets. This partnership allows Fen to leverage Activa's infrastructure and investor base for larger fund vehicles and expanded market coverage.
- LAVCAminorLAVCA (Latin American Venture Capital Association) published Fen Ventures analyst Paola Negrín in their ranking of emerging women investors in Latin America.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Fen Ventures competitors and assessment
Company assessmentDirect peers
- ALLVP: Mexico-based early-stage VC investing across Spanish-speaking LatAm. Comparable to Fen in stage focus (Seed/Series A) and regional mandate, with deeper presence in Mexico.
- Cometa: Early-stage VC focused on Spanish-speaking LatAm founders. Directly comparable in stage, geography, and sector-agnostic thesis, with a similar founder-community orientation.
- Magma Partners: Pan-LatAm early-stage VC that invests in pre-Seed, Seed, and Series A startups across the region, including Spanish-speaking markets. Directly comparable to Fen in stage, geography, and sector agnosticism.
- DILA Capital: Mexico-based early-stage VC investing in Spanish-speaking LatAm. Closely comparable stage and regional focus, often co-investing in the same founder pool.
- Nazca (formerly Mountain Nazca): Mexico-focused early-stage VC investing in Spanish-speaking LatAm founders. Similar fund size, stage focus, and sector-agnostic approach to Fen.
Broad incumbents
- Kaszek Ventures: Largest LatAm-focused VC, headquartered in Argentina with regional reach. Larger, more established, and often co-invests alongside Fen in Spanish-speaking LatAm rounds, but with broader stage coverage including later rounds.
Regional players
- monashees: Brazil's leading early-stage VC. Comparable as a LatAm early-stage investor but operates primarily in the Brazilian market that Fen explicitly excludes, making it a regional rather than direct competitor.
Others
- LAVCA (Latin American Venture Capital & Private Equity Association): Industry association representing LatAm PE/VC. Fen is connected through ecosystem recognition (LAVCA publication of Fen analyst). Relevant as ecosystem infrastructure rather than direct competitor.
- Angels Den: A generalist early-stage investment platform occasionally active in LatAm. Less directly comparable but provides alternative early-stage capital in the region where Fen competes for deals.
Emerging players
- Valor Capital Group: US-Brazil cross-border early-stage VC. Comparable as a LatAm-focused investor serving founders across geographies, though it overlaps more with Brazil than Fen's Spanish-speaking focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Fen Ventures social profiles
Digital presenceFen Ventures compliance and trust
Trust signalCompliance2 records
Fen Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fen Ventures leadership team
Management profileNumber of profiles
Profiles11 records
Fen Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fen Ventures M&A and investment
M&A and investmentM&A
Investments66 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fen Ventures
What does Fen Ventures do?
Fen Ventures is an early-stage venture capital fund that invests pre-Seed, Seed, and Series A capital into tech-enabled startups founded by Spanish-speaking Latin American entrepreneurs, with portfolio support including strategic guidance, network access, and follow-on funding. The firm accepts pitches through an online form, conducts thorough evaluation, and provides hands-on support to selected portfolio companies. It currently operates its fourth fund, headquartered in Santiago, Chile with a regional office in Miami, USA.
Is Fen Ventures a public or private company?
Fen Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fen Ventures founded?
Fen Ventures was founded in 2012. It employs 1 to 10 people.
Where is Fen Ventures based?
Fen Ventures is headquartered in Santiago, Chile, in the Latin America region.
How does Fen Ventures make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carry/Performance Fees.
Who are Fen Ventures's main competitors?
Direct peers on record are ALLVP, Cometa, Magma Partners, DILA Capital and Nazca (formerly Mountain Nazca). Kaszek Ventures is listed as a broad incumbent. monashees is listed as a regional player. Others are LAVCA (Latin American Venture Capital & Private Equity Association) and Angels Den. Valor Capital Group is listed as an emerging player.
Does Fen Ventures have an API?
No public API is recorded for Fen Ventures.
What industry is Fen Ventures in?
Fen Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed), with a secondary code of FSANAAAJ, Venture Capital Fund-of-Funds / Multi-Manager Platforms. Its NAICS code is 52399 and its SIC code is 6282.