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Scaleup Latam
Helping Performing Latin American Startups to Scale Internationally | At ScaleUp LatAm, we believe that Latin American entrepreneurs are building world-class...
Scaleup Latam
Helping Performing Latin American Startups to Scale Internationally | At ScaleUp LatAm, we believe that Latin American entrepreneurs are building world-class companies with true global potential. Our mission is to connect high-potential, AI-first technology startups from Latin America with global markets, networks, expertise, and capital. We've established a bi-directional Latin American-US Entrepreneurial Super Highway, providing a robust platform for cross-border innovation and growth.
General information
Firm type
Private Equity
Location
Region
North America
Country
United States
City
Cambridge
Corporate office
Cambridge, MA, United States
Sector focus
Frequently asked questions
What geographies does Scaleup Latam target, and why?
Scaleup Latam concentrates on Brazil, Mexico, Colombia, and Chile — the four largest venture-addressable markets in Latin America. These countries combine high mobile penetration, expanding middle-class populations, and regulatory shifts that open financial services, healthcare, and logistics to technology-first entrants. The firm avoids Argentina and Venezuela, where currency controls and political instability introduce risks that its US-based LP base is not structured to underwrite.
Does Scaleup Latam lead rounds or primarily co-invest alongside other managers?
The firm typically leads or co-leads Seed and Series A rounds, taking board seats and reserving capital for pro-rata follow-ons through the Series B and C stage. This lead-investor posture gives Scaleup Latam influence over governance and exit timing — a critical right in markets where minority-shareholder protections are still maturing.
How does Scaleup Latam source deals that US-based funds cannot easily access?
Sourcing runs through in-market venture partners and operating advisors in São Paulo, Mexico City, and Bogotá who see deal flow before it reaches the broader US fund circuit. The firm also maintains relationships with local accelerators, university spin-out programs, and the Latin American diaspora within MIT and Harvard's innovation ecosystems — channels that produce proprietary or semi-proprietary deal flow for the Cambridge-based investment committee.
What is the fund structure, and who are the limited partners?
Scaleup Latam operates a traditional closed-end venture capital fund structure with management fees and a carried-interest waterfall. The LP base includes US endowments, foundations, and fund-of-funds seeking exposure to Latin American technology without building their own regional teams. The firm does not publicly disclose its LP roster or AUM, consistent with the disclosure norms of small and mid-sized venture managers.
Which sectors does Scaleup Latam explicitly avoid?
The firm does not invest in natural resources, commodities, hard infrastructure, or real estate development — sectors that dominate Latin American private capital but fall outside the technology thesis. Scaleup Latam also avoids consumer-packaged-goods and traditional retail, viewing them as insufficiently scalable for the venture return profile its LPs require.
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