Salkantay Ventures

What Salkantay Ventures does

Salkantay Ventures is an early-stage venture capital fund that invests from pre-seed through Series A in technology companies founded by Latin American entrepreneurs targeting Spanish-speaking markets. The fund is incorporated in the Netherlands and headquartered in Lima, Peru, with investment activity spanning Peru, Colombia, Mexico, Chile, Ecuador, Argentina, Brazil, Uruguay, Paraguay, Guatemala, the United States, and Spain. Its stated thesis is organized around three themes: Human Improvement (EdTech, JobTech, HealthTech, Wellness), Economic Development (Fintech, PropTech, SaaS), and Sustainable Planet (AgTech, ClimateTech, Smart Cities). The fund does not build product technology of its own; its operational technology consists of a venture investment platform—deal sourcing, due diligence, portfolio support, and LP reporting—supported by a website and Medium blog for ecosystem branding.

The firm reports $26 million in assets under management, 23 portfolio companies, and 1,300+ jobs created across the portfolio. Capital is sourced from institutional LPs including Capria, the Dutch Good Growth Fund (DGGF), BID Lab, Peru's COFIDE, and Colombia's Bancoldex, with strategic allies Innovate Peru and the Swiss Entrepreneur Program. Recent deployment includes a $2M bridge co-investment in Peruvian fintech Prestamype (alongside ALIVE Ventures and Oikocredit) and a $1.6M pre-Series A participation in collections-management platform Moonflow (led by TheVentureCity). The team comprises Managing Partner Martín Aspillaga and Partner Guillermo Miro Quesada, supported by an investment committee (Lucía Montalvo, Laura Maydon, Patrick McGinnis), an analyst, and interns, with an advisory committee whose members have collectively executed $800M+ in exits and $860M in VC/PE transactions.

Salkantay's business model is that of a conventional emerging-market VC fund: it charges limited partners management fees (typically on committed/deployed capital) and earns carried interest on profitable exits, with no direct revenue from portfolio companies. Deal flow is sourced through founder referrals, direct outreach, and the fund's institutional partner network rather than through paid marketing channels. As of the latest data, the fund does not have a disclosed successor fund close, and revenue is best understood as management fee income on the existing $26M AUM base.

Name

Salkantay Ventures

Legal name

Salkantay Ventures

Website

https://salkantay.vc

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Salkantay Ventures is an early-stage venture capital fund investing from pre-seed through Series A in Latin American technology startups targeting Spanish-speaking countries, managing $26M in AUM across 23 portfolio companies.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)

akta.pro secondary industry

Geography-Focused Venture Capital (Regional/Emerging Markets) (FSANAAAE)

Keywords

• Venture capital
• Early-stage investing
• Startup funding
• Pre-seed funding
• Latin American startups

Headquarters

HQ city

Miraflores

HQ country

Peru

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, Others

Revenue model

1. Venture Capital Returns: Generates returns through equity investments in early-stage startups across Latin America, from pre-seed through Series A. Provides capital and strategic support to portfolio companies with expectation of financial returns through exits.

Go-to-market motion1 record

Marketing channels4 records

Core offering

Salkantay Ventures is an early-stage venture capital fund that invests in technology-driven startups across Spanish-speaking Latin America from pre-seed through Series A. In addition to providing capital, the firm acts as a strategic partner delivering hands-on support, knowledge sharing, and global networking to its portfolio companies.

Product overview

Salkantay Ventures is an early-stage venture capital fund focused on Latin American founders and startups targeting Spanish-speaking countries. The firm invests from pre-seed through Series A across sectors including Fintech, Edtech, Proptech, SaaS, Agtech, Jobtech, and Climatetech. The firm provides capital along with strategic partnership, hands-on support, knowledge sharing, and global networking to portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Salkantay Ventures Early-Stage VC Fund An early-stage venture capital fund that invests capital into high-impact technology startups across Spanish-speaking Latin America, from pre-seed through Series A, with $26M in assets under management across 23 portfolio companies. Investment focus spans three themes: Human Improvement (EdTech, JobTech, HealthTech), Economic Development (Fintech, PropTech, SaaS), and Sustainable Planet (AgTech, ClimateTech, Smart Cities).

Quantifiable outcome

• $26M in assets under management
• +4 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered support and portfolio.

• Innovate PerusupportStrategic or Co-development PartnerPeruvian government innovation program that serves as an ally supporting innovation and entrepreneurship in Peru.
• Swiss EPsupportStrategic or Co-development PartnerSwiss Entrepreneur Program supporting entrepreneurship and providing resources and connections to Salkantay Ventures.
• MoonflowportfolioOthersMoonflow is a portfolio company that raised $1.6M Pre-series A round led by TheVentureCity, with participation from Salkantay Ventures. Salkantay invested in this collections management platform developing AI-powered voice and text agents for debt collection.
• PrestamypeportfolioOthersSalkantay Ventures participated in a $2M bridge round for Prestamype alongside ALIVE Ventures and Oikocredit. Prestamype is a Peruvian fintech providing accessible financial services to micro and small companies, having disbursed over $650M to Peruvian SMEs since 2017.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• ALLVP: Mexico-based early-stage VC investing across LatAm from seed through Series A, with a similar thesis-driven approach and focus on Spanish-speaking founders. Directly comparable by stage, geography and fund size bracket to Salkantay.
• TheVentureCity: US-LatAm early-stage VC operating a fund + growth program that has co-invested with Salkantay (e.g., Moonflow). Highly comparable by stage and LatAm/Hispanic founder focus.
• Magma Partners: Chile-anchored early-stage VC investing across LatAm with a pan-regional, thesis-driven approach. Directly comparable to Salkantay on stage, geography and Andean/Spanish-speaking emphasis.
• Mountain Nazca: Mexico-led early-stage VC investing across LatAm at seed and Series A, with a sector thesis and pan-LatAm footprint that closely mirrors Salkantay's approach.
• Cometa: Early-stage LatAm VC focused on Spanish-speaking founders from pre-seed through Series A, with a hands-on model analogous to Salkantay's. Highly comparable in stage, geography, check size and emerging-manager positioning.
• DILA Capital: Mexico-based early-stage VC backing Spanish-speaking LatAm founders across fintech, SaaS and consumer. Comparable to Salkantay by stage, regional focus and emerging-manager status.

Broad incumbents

• monashees: Brazil-based pioneer LatAm VC investing from pre-seed to growth, with one of the largest regional portfolios. Adjacent competitor for Spanish-speaking LatAm founders expanding into Brazil.
• Kaszek Ventures: The largest LatAm-focused VC, investing from seed through growth across the region. Comparable as a competitor for deals and follow-on capital, but materially larger AUM and broader stage mandate than Salkantay.

Others

• Capria Ventures: Emerging-manager platform that is itself an LP in Salkantay; comparable as a peer vehicle that invests in and supports fund managers building LatAm-relevant portfolios.

Regional players

• Valor Capital Group: US-Brazil cross-border VC investing in early-stage LatAm companies. Comparable as a thematic competitor for cross-border Spanish-speaking founders and portfolio company internationalization.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/salkantay-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments34 records

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

Frequently asked questions about Salkantay Ventures