Explorer Latam

Managing Partners Oscar Bercovich and Esteban Assaf lead investment decisions at Explorer Latam. They are supported by a team that includes COO Catalina Mamani and CFO Pablo Manzano as listed on the firm's website. The advisory board also includes regional operators and investors who likely influence deal evaluation and portfolio support.

Explorer Latam focuses exclusively on early-stage companies, specifically seed and start-up phases. The firm operates an accelerator program called Explorer C that provides formation, training, and mentorship before connecting founders with investors. This hands-on model suggests a preference for pre-revenue or very early-revenue companies.

Deal flow appears to originate primarily through Explorer C, the firm's in-house accelerator program. This structure allows Explorer Latam to identify and shape startups from the formation stage. The firm's location in Tucumán and its regional advisory network likely provide additional proprietary sourcing across Argentina and broader Latin America.

Explorer Latam is structured as a venture capital firm, not a family office. It connects private investors with early-stage technology startups through its accelerator and matchmaking platform. The firm's website frames it as an intermediary that supervises the entire investment process for both founders and investors.

The disclosed portfolio covers agritech, fintech, enterprise software, proptech, climatetech, mobility, edtech, and healthtech. Specific examples include a digital agricultural bank, an IoT livestock management platform, and a construction materials metabsearch engine. No explicit sector exclusions are stated.

Explorer C is the accelerator program owned and operated by Explorer Latam. It provides training, mentorship, and startup formation services to early-stage founders. The program functions as the primary pipeline through which Explorer Latam sources and prepares startups before connecting them with its investor network.

The firm's public materials do not specify formal co-investment vehicles or club deal structures. However, its advisory board includes individuals from other venture firms and operating companies, suggesting informal co-investment or syndication relationships may exist. Explorer Latam emphasizes connecting its startups with a network of investors.