What Kamay Ventures does

Kamay Ventures is a private, multi-corporate venture capital fund based in Olivos, Argentina, operating across Latin America with ecosystem presence in Buenos Aires, São Paulo, Mexico City, Bogotá, Santiago, Miami, and Madrid. Founded in 2019, the firm positions itself as Latin America's first venture capital fund structured to accept multiple corporate limited partners simultaneously. Its stated purpose is to connect early-stage startups with the operational environments of three of the world's largest Consumer Packaged Goods (CPG) corporations — The Coca-Cola Company, Grupo Arcor, and Grupo Bimbo — alongside two multilateral development finance institutions, IDB Lab and the U.S. International Development Finance Corporation (DFC).

The fund's product surface comprises three interlocking offerings: (1) a Seed and Pre-A investment vehicle issuing tickets up to USD 600K into companies valued under USD 25M, with Kamay co-leading or following strong leads; (2) a Corporate Startup Integration Program that grants portfolio companies direct access to LP operations for working sessions, proof-of-concepts (PoCs), and pilots; and (3) the "Kamay Code" event series — six editions across Latin America with a seventh planned in Rio de Janeiro in March 2026, aggregating more than 3,500 participants, 1,400 startups, and 700 corporates to facilitate startup-corporate matchmaking. The portfolio spans 21 companies across six verticals (FinTech, Sustainability/AgTech, IoT/Point of Sale, Retail Tech, Logistics, and Smart Energy), with 40+ active startup-corporate integrations and 69+ PoCs and pilots completed. Notable outcome metrics disclosed include 36% energy reduction across 53,000 IoT-monitored coolers (Sensify), USD 100K savings per distribution center with 151% ROI (Batech), 66% less downtime in stock audits (AlgoLabs.ai), and ~50% energy savings through Solfium.

Kamay's revenue mechanics follow standard venture fund economics: management fees on committed LP capital, supplemented by carried interest on successful exits. The firm does not charge portfolio companies for investment. Distribution is B2B and relationship-driven, operating through direct outreach, inbound startup applications via a monday.com form, and the Kamay Code event series. Its operating geographies span 13 countries across LATAM (Argentina, Brazil, Mexico, Chile, Colombia, Peru, Ecuador, Panama, Uruguay), North America (USA), and EMEA (Spain, Portugal, Germany), with 26 countries having active portfolio startups. The management team of twelve operators is led by Managing Partners Gabriela Ruggeri and Antonio Peña, supported by a Venture Partner for Brazil, Principal, Partner, and functional directors across Finance, Operations, and Portfolio Services.

Name

Kamay Ventures

Legal name

Kamay Ventures

Website

https://kamayventures.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Kamay Ventures is a multi-corporate venture capital fund that invests Seed and Pre-A tickets (up to USD 600K) into Latin American startups across the CPG value chain, providing portfolio companies direct access to operations at LPs Coca-Cola, Grupo Arcor, Grupo Bimbo, IDB Lab, and DFC for PoCs, pilots, and scaling.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Joint Venture CVC / Consortium Funds (Multi-corporate) (FSANAHAE)

akta.pro secondary industry

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

Keywords

• Venture capital fund
• Corporate venture investing
• Seed stage funding
• Startup corporate integration
• CPG value chain

Headquarters

HQ city

Olivos

HQ country

Argentina

HQ region

Latin America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Venture Capital Fund Management: Kamay Ventures operates as a multi-corporate venture capital fund investing in Seed and Pre-A stage startups in the CPG value chain across Latin America. The fund generates returns through equity investments in portfolio companies, providing capital and corporate integration access.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Kamay Ventures is a multi-corporate venture capital fund that invests Seed and Pre-A capital (tickets up to USD 600K, valuations under USD 25M) into startups operating across the Consumer Packaged Goods (CPG) value chain in Latin America. Portfolio companies receive direct access to the operations of three global CPG limited partners — The Coca-Cola Company, Grupo Arcor, and Grupo Bimbo — for working sessions, proofs-of-concept, and pilots, with the opportunity to reach more than 12 million points of sale across the region.

Product overview

Kamay Ventures is Latin America's first multi-corporate venture capital fund focused on the CPG (Consumer Packaged Goods) value chain. The firm operates as a platform-plus-services model, combining venture investment (seed and Pre-A tickets up to USD 600K) with a unique Corporate Startup Integration Program that gives portfolio companies direct access to operations at three global corporations (Coca-Cola, Grupo Arcor, Grupo Bimbo) and two multilateral banks (IDB Lab, DFC). The portfolio spans 21 companies across six verticals: FinTech (AltScore), Sustainability/Agriculture (Kilimo), IoT/Point of Sale (Sensify), Retail Tech (Wisy), AgTech (DeepAgro), and Logistics (LogShare). The firm also runs Kamay Code events to connect entrepreneurs with corporate leaders. Investment focus areas include AI-powered operations, financial rails for underserved markets, data analytics, supply chain efficiency, and smart energy solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Kamay Code: Kamay Code is a startup-corporate matchmaking event series across Latin America, connecting entrepreneurs with corporate leaders for PoC and pilot opportunities. Six editions held across Argentina, Brazil, Mexico, Colombia, with a 2026 edition planned in Rio de Janeiro, Brazil.

Products and services

• Kamay Ventures Venture Fund Seed and Pre-A stage venture capital fund providing investment tickets up to USD 600K for startups with valuations under USD 25M, targeting CPG value chain startups across Latin America. The fund co-leads or follows strong leads.
• Corporate Startup Integration Program Post-investment service for portfolio companies providing direct access to LP corporate operations including working sessions, proofs-of-concept, and pilots with Coca-Cola, Grupo Arcor, and Grupo Bimbo, with the opportunity to reach over 12 million points of sale across Latin America.

Quantifiable outcome

• +12M m³ water restored through Kilimo partnership
• +7 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Scale indicators9 records

Expansion highlights5 records

Direct peers

• Valor Capital Group: US-Brazil cross-border VC firm with corporate LP backing and a focus on Brazilian and U.S. Latino markets. Comparable as a corporate-backed VC bridging startups and corporate customers.
• ALLVP: Mexican VC firm with corporate LPs (historically including Grupo Bimbo and Grupo Modelo). Closest comparable in LATAM for corporate-backed early-stage venture investing and access-driven value-add.
• NXTP Labs: LATAM-based early-stage VC and accelerator network with corporate partners. Comparable as an early-stage LATAM investor providing startup-to-corporate access programs.
• Cometa: Mexican VC backed by corporate LPs including major Mexican conglomerates. Comparable as a multi-corporate-backed early-stage investor in Latin America.
• Magma Partners: Early-stage LATAM-focused VC with active investments across the region. Comparable as a pan-LATAM early-stage investor targeting similar Seed/Pre-A stages.
• Wayra: Telefónica's global CVC arm with deep LATAM presence. Direct peer as a corporate-backed venture vehicle providing startups with corporate operational access and pilot opportunities.
• Mountain Nazca: Mexican VC firm investing in early-stage startups across LATAM with corporate partnership programs. Comparable as a corporate-integrated LATAM early-stage VC.
• ZX Ventures: AB InBev's CVC arm and innovation platform focused on the consumer goods value chain. Comparable as a CPG-led CVC investing across beverages, retail tech, and logistics adjacencies.

Broad incumbents

• Kaszek Ventures: One of the largest LATAM-focused VC firms, investing broadly across sectors and stages. Comparable as a leading regional VC but operates without a multi-corporate LP integration model.
• monashees: Major Brazilian VC firm with a long track record in LATAM venture. Comparable as a scaled regional VC investing in tech-enabled businesses, though without corporate LP integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/kamayvc

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

Investments22 records

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

Frequently asked questions about Kamay Ventures