Venture Capital Firms in Chile

CMPC Ventures is the corporate venture capital arm of CMPC, a global company with over a century of history in the pulp, paper, and wood products industries. The firm is dedicated to accelerating the development and incorporation of new technologies and products that align with CMPC's vision for a more circular and sustainable future. Its investment focus spans several strategic verticals, including forest productivity and management, value-added technologies derived from side streams, innovations to enhance core competitiveness, new products developed from Kraft pulp, and advanced bioproducts and wood-based solutions.Founded in 2020, CMPC Ventures was established as an integral part of CMPC's long-term growth strategy. The firm operates with a futuristic and disruptive vision, aiming to catalyze the creation of new sustainable businesses that will contribute to CMPC's evolution over the medium and long term. This initiative underscores CMPC's commitment to innovation and collaboration within the global ecosystem to address future challenges and opportunities in renewable resources.The firm's portfolio showcases a range of innovative companies, including Rubi, Modvion, Strong By Form, Pulpex, Nordic Bioproducts Group, Boxia, and Woamy. Notable investments highlight CMPC Ventures' commitment to sustainable solutions, such as its support for Rubi Laboratories, which focuses on sustainable textiles, and Modvion, a Swedish company developing wooden wind towers. These investments reflect the firm's dedication to fostering advancements in sustainable manufacturing and bio-based materials.CMPC Ventures is led by a team with diverse expertise, including Bernardita Araya as the CMPC Ventures Director, Evelyn Von Bischhoffshausen as the Investment and Portfolio Manager, and Anna Niittylä, who serves as a Scout and Representative in the Nordic Countries. The team also includes Bibiana Rubini, Gerente de I+D y Bioeconomía de CMPC, Viviana Hermosilla, Director Técnico para Europa, and Geofrey González, Analista y Coordinador Interno. This collective experience in R&D, bioeconomy, and investment management enables the firm to identify and support promising startups that align with its strategic objectives.

Innogen Capital is a venture capital firm dedicated to empowering early-stage technology entrepreneurs across the northern regions of Latin America, encompassing countries such as Colombia, Mexico, Central America, and the Caribbean. The firm's investment thesis centers on identifying companies that leverage high-impact, transformative technologies with the potential for exponential growth and significant scalability across various industries and geographies. Innogen Capital actively seeks out visionary leaders who are developing innovative and disruptive business models to address pressing challenges in the region.Beyond providing capital, Innogen Capital adopts a supportive approach, offering its portfolio companies valuable experience, knowledge, and an extensive professional network. This hands-on engagement helps early-stage businesses navigate challenges, make strategic decisions, and expand their market reach. The firm manages several funds, including Fund I ($1M), Fund II ($10M), and the Delta Fund I ($10M), which is supported by catalytic funding from USAID. The Delta Fund specifically targets startups in Guatemala, Honduras, and El Salvador that are focused on addressing crucial challenges for the base of the pyramid, emphasizing best practices in areas like bookkeeping, legal compliance, and capital management.Innogen Capital invests across a diverse range of sectors, including Financial Services & Fintech, Healthcare, Retail, Logistics, Proptech, and Agtech. Their portfolio showcases a commitment to fostering innovation in these key areas, with notable investments such as Instaleap, which has achieved significant growth milestones. The firm typically invests in startups ranging from the pre-seed stage through Series A, with initial investment sizes varying from $25,000 to $1 million, depending on the fund and stage.The firm's team comprises experienced professionals with backgrounds in finance, investment analysis, operations, and entrepreneurial ventures. Key team members include Managing Partners Christian Quiñonez Sol, Rodrigo Dumont Eserski, and Fernando Morán Eserski, alongside specialists in operations, investor relations, and investment analysis. Their collective expertise and deep understanding of the Latin American tech ecosystem enable Innogen Capital to effectively identify, support, and propel promising startups towards sustained growth and success.

Starr Investment Holdings, LLC (SIH) is a multi-billion dollar investment adviser that focuses on long-term, sustained equity capital investments. The firm leverages the extensive heritage, operational expertise, and robust capital position of its largest client, Starr Insurance Companies. As a duration-agnostic investor, SIH strategically aligns resources, expertise, and capital to maximize the value of each investment, enabling management teams to pursue their long-term vision and drive sustainable value creation. The firm shows a preference for technology companies operating within the healthcare and financial regulatory services sectors, while also seeking opportunities across the United States without explicitly stated industry limitations.The broader entity, Starr, serves as the global marketing name for the investment business of C. V. Starr & Co., Inc., and the insurance and travel assistance companies of Starr International Company, Inc. and their subsidiaries. The origins of Starr trace back to 1919 when Cornelius Vander Starr established his first insurance company in Shanghai, China. Starr Investment Holdings, LLC itself was founded in 2007, with its formal establishment as a Delaware limited liability company occurring in January 2012. C.V. Starr & Co., Inc. holds a significant ownership stake as the sole member of Starr Investment Holdings, LLC.Starr Investment Holdings has built a diverse portfolio of companies through its investments and acquisitions. Notable investments include Crusoe, a Bitcoin mining operation, Consensus Technology Group, and Advanced Radiology, SC. The firm's portfolio also features companies such as At Home Group, CHG Healthcare Services, Rad Partners, Nanyan Information Technology, MultiPlan, and iQor. Additionally, Starr Investment Holdings has completed acquisitions of entities like ConvenientMD and ACA Compliance Group, demonstrating its active role in shaping its portfolio through strategic transactions.The firm prides itself on a global team that combines extensive experience with local expertise, a crucial asset in navigating diverse markets. Starr Investment Holdings operates with a lean team, including partners dedicated to its investment strategies. The organization's century-long history has fostered relationships with influential government and business leaders worldwide, particularly in complex markets such as China, which clients can leverage to advance their own operations.

Tantauco Ventures is a prominent venture capital firm based in Chile, dedicated to investing in early-stage technology startups across Latin America. As of October 2025, the firm has recently closed its second fund, which is strategically focused on companies that integrate artificial intelligence into their core operations. Founded by Cristóbal Piñera and Juan Turner, Tantauco Ventures is committed to fostering the growth of the region's tech ecosystem by supporting innovative ventures that address local market needs. The investment strategy of Tantauco Ventures emphasizes the backing of early-stage companies that are at the intersection of AI and various sectors, including AI-enabled enterprise software, e-commerce platforms, and fintech/insurtech innovations. This focus aligns with the rapid digital transformation occurring in Latin America, where startups are increasingly leveraging local talent and diverse consumer bases to drive growth. As part of its mission, Tantauco Ventures aims to provide more than just financial backing. The firm offers its portfolio companies access to a vast network of international venture capitalists, hands-on mentorship for scaling operations, and strategic introductions to potential corporate partners. This holistic approach is designed to accelerate the go-to-market strategies of Latin American founders, enabling them to expand both regionally and internationally. Tantauco Ventures is part of a broader trend in Latin America, where venture capital activity has evolved from seed funding to multi-stage investments. The firm recognizes the increasing interest from global investors in the region's startup ecosystem, particularly in AI-driven business models and scalable software solutions. By closing its latest fund, Tantauco Ventures is positioning itself to capitalize on this growing momentum and support the development of regional champions in the tech space. Notable achievements of Tantauco Ventures include its ability to attract significant capital inflows and its commitment to fostering a collaborative environment among startups and investors. The firm is dedicated to understanding the unique dynamics of the Latin American market while facilitating global collaboration. As the firm begins deploying its new fund, industry observers are keenly watching how its investment strategies translate into scalable and impactful businesses across the region. With a focus on AI-enabled growth, Tantauco Ventures is poised to play a pivotal role in shaping the future of technology in Latin America.

Wayra is Telefónica's Corporate Venture Capital arm and its open innovation platform, established in 2011. The firm's core mission is to foster innovation and drive progress by investing in startups and connecting them with Telefónica's business units and other organizations. This venture-client model enables startups to scale through commercial collaboration, gaining access to global markets and Telefónica's extensive customer base. Wayra also designs and delivers open innovation and corporate venture programs for Telefónica and other corporations, either directly or through its innovation platforms.Originally launched as a startup accelerator, Wayra evolved in 2018 into Telefónica's Corporate Venture Capital, consolidating the Group's investment and open innovation initiatives. The firm has a global presence with hubs in Europe and Latin America, and teams operating in multiple countries. Wayra actively seeks to identify and support innovative solutions that can address significant challenges within Telefónica's operations and the broader industry, contributing to digital transformation across various sectors.Wayra has made over 1,100 investments since its inception, with more than 530 active startups in its portfolio. Notable investments include companies like Perplexity (AI-powered search), Payflow (online financial services), Airalo (eSIM stores), and Hiya (caller ID and spam protection). The firm focuses on early-stage investments, typically ranging from Pre-Seed to Series B, and has also participated in growth-stage funding. Wayra's portfolio reflects a strong interest in cutting-edge technologies such as Artificial Intelligence, Fintech, Cybersecurity, and Blockchain, as well as solutions for digital health, sustainable tourism, and enterprise applications.The Wayra team comprises experienced professionals dedicated to venture capital and open innovation. Key leadership includes Andrés Saborido as CEO, Nuria San Agapito as CFO, and managing directors for various functions and regional operations, such as Pablo Moro (Funds & PreM&A), Paloma Castellano (Ventures), Agustín Moro (Innovation Partnerships & Services), Philipp Trauer (Brazil), and Florian Bogenschütz (Germany). This diverse expertise allows Wayra to provide strategic guidance and support to its portfolio companies, facilitating their growth and integration with corporate partners.