Top 9 Venture Capitalist Funds (VCs) in Uruguay
- Sotirios Seridis
- Feb 10
- 6 min read
Uruguay, a small country located in South America, may not be the first place that comes to mind when thinking about startup funding. However, in recent years, Uruguay has emerged as an attractive destination for startups looking to raise funds. Uruguay's entrepreneurial ecosystem is boosted by a favorable business climate, economic stability, and institutional assistance, three important variables that contribute to the Uruguayan startup ecosystem's growth. In this article, we have compiled a comprehensive list of top VC Funds in Uruguay that can provide you with the capital and support to help you succeed!
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Venture Capitalist Funds in Uruguay
The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2011
Stage: Pre Seed
Focus: B2B, B2B2C
Notable Portfolio: Rabbot, Kinvo, Smarket, Pipefy, mLabs, Meliuz
Bossanova Investments is a renowned Brazilian venture capital firm that has established itself as a leader in Latin America's pre-seed stage investments. Bossanova has been the most active investor at this stage, establishing its place as a vital participant in the region's startup ecosystem, thanks to its outstanding track record and considerable experience. Bossanova Investments provides its portfolio firms with a wide range of services and resources geared at encouraging their long-term prosperity.
Year of Inception: 2013
Stage: Pre Seed, Seed, Series A
Focus: Technology
Notable Portfolio: Vopero, Konfio, Kavak, Ben & Frank, Nu Bank
Wollef Ventures is a prominent venture capital business situated in Mexico City that invests in technology firms across Latin America. The firm is well-known for offering useful advice, contacts, and resources to the businesses in which it invests. Wollef Ventures provides a distinct edge to its partners by utilizing an unrivaled local digital network. Their collaborative approach to portfolio company development and growth makes them a sought-after partner in the venture capital sector.
Year of Inception: 2011
Stage: Seed
Focus: Cloud & SaaS, E-commerce Enablers, Fintech, B2B Marketplaces, AI and Data-Driven Businesses
Notable Portfolio: Nuvemshop, Auth0, Cobli, Spline, Inventa, Mural
NXTP Ventures is an Argentina-based venture capital firm that has been a pioneer in the Latin American venture capital industry since its inception in 2012. NXTP Ventures has made substantial contributions to the creation and development of the region's startup ecosystem with a total investment of $50 million over two funds. With its extensive ecosystem in the digital field, the venture capital firm offers essential assistance, experience, skills, and network to drive the growth of creative entrepreneurs in the area.
Year of Inception: 2014
Stage: Seed, Series A, Series B, Series C
Focus: FinTech
Notable Portfolio: AutoFi, Bonify, Byrd, Creditas, Clikalia
Mouro Capital, formerly known as Santander InnoVentures, is a venture financing firm dedicated to the next generation of financial services and enterprise software. They specialize in supporting ambitious entrepreneurs in early to development stage enterprises spanning Europe, North America, and Latin America, with $400 million in assets under management. Mouro Capital has a broad vision for the future of financial services and actively invests in areas such as automation, APIs, emerging client value propositions, novel technologies, digital crossovers, industry boundaries reinvention, and the role of money in a data-rich world. Their adaptable investing method enables them to invest at all phases of the lifecycle, and they can provide ticket sizes of up to USD 15 million.
Year of Inception: 2010
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic
Notable Portfolio:
Alcor Fund has established itself as a dependable and competent venture financing organization with broad worldwide expertise spanning 60 nations. In addition to their operations in Uruguay, they are also based in the Greater New York Area. They have recently also introduced their “Smart Startup Fund,” the early-stage fnvestment Fund for internationally scalable ideas.
Year of Inception: 2021
Stage: Seed, Series A
Focus: Technology, Future of Education, Future of Work, Future of Food
Notable Portfolio: Nutri Co, Lara AI, Vor-Tex.io, Manzana verde, Kashin, Talently
With a focus on disruptive technologies and innovative business models, Mr. Pink VC has established itself as a leading player in the venture capital landscape. Mr. Pink VC takes a hands-on approach to its investments, providing not just financial support, but also strategic guidance and operational expertise. The firm's experienced team of industry professionals contributes a wealth of expertise and experience to assist portfolio firms in navigating the hurdles of scaling and achieving success. Mr. Pink VC also has a large network of industry connections, which allows portfolio firms to have access to significant resources, collaborations, and potential new clients.
Year of Inception: 2020
Stage: Series A
Focus: ClimateTech, AgTech, FoodTech
Notable Portfolio: CargoX, Shopper
Oikos Venture Capital is an impact-focused venture capital fund that invests in ClimateTech, AgTech, and FoodTech startups. Oikos VC strives to assist creative entrepreneurs that are creating a positive impact in these industries, with a particular emphasis on sustainability and the environment. The fund offers capital and strategic assistance to these firms in order to help them grow their operations and bring their cutting-edge technology to market.
Year of Inception: 2014
Stage: Series A
Focus: FinTech
Notable Portfolio: Addi, Hamsa, Guru, InvoiNet, Castia, Kanastra
Quona Capital is a venture capital firm dedicated to increasing financial inclusion in emerging markets. The fund primarily targets financial technology startups that empower underserved people and small enterprises with access to financial services. Quona Capital's partnership with Accion, a nonprofit financial inclusion pioneer, further emphasizes their commitment to making a positive impact in the industry.
Year of Inception: 2011
Stage: Seed, Series A, Series B
Focus: Technology
Notable Portfolio: Nu Bank, Kavak, Quintoandar, Notco
Kaszek is a prominent venture capital firm that is widely regarded as Latin America's leading early-stage, technology-focused venture capital manager. Founded by the co-founders of Latin American e-commerce platform MercadoLibre, Kaszek has emerged as a key participant in the region's digital economy. Kaszek focuses on industries where technology and innovation may produce disruption and value, since he believes in the potential of the Latin American technology industry. Their regional concentration is on firms with a primary target market in Latin America. Kaszek is looking for exceptional founders and entrepreneurs who share their vision and have the ability to provide substantial value to the region's technological ecosystem.
Closing Thoughts on Venture Capitalist Funds in Uruguay
If you're a startup looking for funding opportunities in a thriving ecosystem, consider exploring Uruguay as your next destination. With its strategic location, supportive government policies, and abundance of skilled talent, Uruguay offers a conducive environment for startups to grow and succeed.
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Frequently Asked Questions on Venture Capitalist Funds in Uruguay
How do venture capital funds evaluate Uruguayan startups?
Investors analyze market potential, team capabilities, innovation capacity, and regional scalability. Key evaluation metrics include revenue growth, product differentiation, market validation, and expansion strategies, particularly in sectors like fintech, software development, and digital platforms.
What investment stages do Uruguayan VC funds typically target?
The funding spectrum covers seed through Series B, with local VCs primarily focusing on early-stage investments (pre-seed to Series A). International venture funds and regional investors often participate in growth rounds, especially in sectors like healthtech, agtech, and enterprise solutions.
How can startups connect with venture capital funds in Uruguay?
Entrepreneurs can engage through Sinergia, ANDE Uruguay, venture networks, pitch competitions, and innovation hubs. Key networking opportunities include Montevideo Lab, startup summits, and regional VC conferences focusing on tech ecosystem development.
What are standard investment ticket sizes for Uruguayan VC funds?
Seed investments typically range from $50,000 to $250,000, while Series A rounds generally fall between $500,000 and $3 million. Growth-stage investments can reach up to $10 million for market expansion and operational scaling.
What strategic value do Uruguayan VC funds provide beyond funding?
Venture funds offer strategic guidance, operational expertise, market access, and regional networking. They support international expansion, talent recruitment, regulatory navigation, and follow-on funding opportunities, leveraging Uruguay's position as a technology hub in South America.
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