Accelerator | Gregg Bauer | December 2024
Genesis Ventures, in collaboration with Boston-based ScaleUp Latam, has announced the South North Ventures Fund, a groundbreaking initiative to support Chilean startups. With a target of $80 million and backing from Corfo, the fund will invest in 25 promising startups in sectors like healthtech, education, and Industry 4.0. This partnership is a testament to the power of international collaboration and a long-term vision for scaling Chilean innovation globally.
Key Features of the Fund
Investment Strategy: Targeting industries like Industry 4.0, healthtech, agrotech, education, biotechnology, and the circular economy, the fund will offer investment rounds of up to $1 million.
Operational Structure: The fund operates under a co-general partner model, fostering collaboration across borders to maximize impact.
Long-Term Vision: With strong support from U.S. investors, the fund is positioned as a significant player in a challenging market, with aspirations to expand into multiple funds based on initial success.
Why It Matters
Chilean startups stand to benefit from this unprecedented international partnership, leveraging resources and expertise from both continents. The fund provides financial support and opens doors for Chilean innovation to scale globally. As the South North Ventures Fund begins operations in 2025, it will definitely catalyze the growth of Chile’s startup ecosystem, turning local innovation into global success stories.
This initiative underscores the power of international cooperation in driving entrepreneurial ecosystems forward, setting a benchmark for future ventures in Latin America.
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