Madrid-based venture capital firm Mundi Ventures has launched LatAm Fund I, a $100 million fund investing in technology-driven startups that expand financial and health protection across Latin America and the Caribbean. The first close is backed by IDB Invest and COFIDES.
- Founded in 2015 by Javier Santiso, Mundi Ventures manages €1.5 billion in assets. The firm operates as a thematic platform, targeting emerging trends and supporting early-growth and growth-stage startups with AI-driven and deep-tech solutions.
- Its global portfolio includes companies such as Bolttech, Descartes, Shift, Klarna, and Job&Talent, as well as Latin American startups like Raincoat, Sami, Betterfly, and Olé Life.
- LatAm Fund I will invest in startups across Fintech, Insurtech, Healthtech, Climate, and related sectors, emphasizing AI-native solutions, proprietary infrastructure, data-driven underwriting, intelligent risk models, and embedded distribution.
- The goal is to scale financial and health protection efficiently, helping startups reach millions across the region while building capital-efficient, technology-led businesses.
“We believe the next generation of category-defining companies will seamlessly integrate financial and health protection into everyday digital experiences. By combining sector specialization with our strategic base of industry LPs, we are uniquely positioned to help founders scale solutions that expand resilience for millions across the region," claims Rafaela Andrade, Partner at Mundi Ventures.
- With this launch, Mundi Ventures strengthens its global footprint, connecting Latin American entrepreneurs to international expertise, strategic partnerships, and industry insights to accelerate innovation in digital protection.
