Fen Ventures

Managing Partner Cristóbal Silva leads day-to-day investment decisions. Ricardo Levy, an industrial engineer and Stanford Sloan Fellow, operates as a partner alongside Eduardo Beffermann, who concurrently heads the private-equity and venture-capital practice at Activa Alternative Assets. The team reports nine professionals, including a former BCG consultant, a lawyer specializing in venture capital, and a biologist with technology-transfer training.

Fen enforces a mandate-backed sourcing filter: it only writes checks to startups where at least one founder is a Spanish-speaking Latin American. The company can be domiciled in the US, the UK, or elsewhere, but the Latin American founder requirement is non-negotiable. The firm also runs a public contact form and evaluates inbound founders against that thesis.

Fen is an asset manager running a private-equity strategy, not a family office. Its investment team operates alongside Activa Alternative Assets, which provides fund-administration and finance-chief support through Leonidas Larraín. This makes it closer to a traditional venture firm with institutional infrastructure than to a single-family vehicle.

Fen describes itself as an early-stage investor backing pre-Seed, Seed, and Series A rounds. The firm's website frames its involvement as direct equity investments into startups, with no mention of making commitments as a limited partner into other funds. The secondaries tag in its Altss strategy record suggests some secondary-market activity, but primary-source confirmation is absent.

The firm invests at the pre-Seed, Seed, and Series A stages. Its portfolio companies include businesses in Latin America as well as those registered in the US and the UK, provided they meet the Latin American founder criterion.

Fen calls itself a generalist, and its public materials directly name only Fintech, SaaS, and Biotech as focus areas — though it also confirms activity in logistics, PropTech, Healthcare, and ClimateTech. The firm has not published a negative sector list, and its stated agnosticism means no sector is explicitly excluded.

Two Fen team members hold senior roles at Activa Alternative Assets: Eduardo Beffermann leads private equity and venture capital there, and Leonidas Larraín serves as Chief of Finance and Administration. Activa appears to provide institutional infrastructure, but the exact legal or ownership relationship between the two entities is not disclosed.