Capital raising services in Argentina
Argentina consistently produces venture-fundable companies at a rate that outpaces its regional economic weight, with Buenos Aires engineering talent driving product-led growth stories that resonate with US and European growth funds despite local macro headwinds.
Ualá, Pomelo, and Tiendanube are among the most recent examples of Argentine founders building regional-scale platforms that attract Kaszek, SoftBank, and international crossover capital from Series B onwards.
We help Argentine mid- to late-stage companies access growth capital on the best available terms: our extensive VC investor network spans Buenos Aires, São Paulo, Mexico City, and London; we build and stress-test the financial model and pitch deck, and manage the entire fundraise process end-to-end - including the offshore structuring considerations that define most Argentine institutional rounds.
UK
Ireland
France
Germany
Spain
Portugal
Italy
Netherlands
Belgium
Switzerland
Austria
Denmark
Sweden
Norway
Finland
Iceland
Poland
Czech Republic
Slovakia
Hungary
Romania
Greece
Croatia
Estonia
Latvia
Lithuania
Malta
US
Canada
Mexico
BrazilArgentina
Chile
Colombia
Peru
Uruguay
Panama
Ecuador
Dominican Republic
Israel
UAE
Saudi Arabia
Qatar
Kuwait
Bahrain
South Africa
Nigeria
Kenya
Egypt
Morocco
Rwanda
India
Kazakhstan
Turkey
Australia
New Zealand16
VC rounds raised in the last 12 months in Argentina
$41M
Median VC valuation (across all stages) in Argentina
17x
Median VC revenue multiple (across all stages) in Argentina
$195M
Largest VC round raised in Argentina in the last 12 months
Raising venture capital in Argentina
Argentina's VC market has historically been the most active in Spanish-speaking Latin America despite macroeconomic volatility. Most material rounds at Series A and later involve an offshore holding structure (Delaware, sometimes Uruguay or Spain) for FX and exit considerations.
Documentation conventions
Most venture-backed Argentine rounds use offshore-parent (Delaware) NVCA-aligned documentation. Pure-Argentine rounds adapt to S.A. (Sociedad Anónima) or S.A.S. (Sociedad por Acciones Simplificada) mechanics, with the S.A.S. format particularly suited to startups.
SAFEs and Argentine convertibles
Y Combinator SAFEs are widely used in Argentine seed and Series A rounds with a Delaware parent. Argentine-law convertible instruments are used in pure-Argentine structures.
Offshore holding structures
The choice of offshore parent (Delaware, Uruguay, Spain) is one of the most consequential early decisions for an Argentine venture-backed startup - affecting FX exposure, investor familiarity, ESOP mechanics and exit tax treatment. Most material rounds at Series A and later involve a Delaware parent.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is increasingly standard. Argentine S.A.S. structures support venture-stage rounds with flexible share class structuring.
BCRA and FX controls
Argentina's foreign exchange controls (administered by the Banco Central) materially shape capital flows. Pre-clearance requirements, multiple exchange rates and remittance restrictions affect every cross-border round. Standard practice is to channel capital through the offshore parent to avoid local FX frictions.
Closing mechanics
Closings vary by structure - offshore-parent closings follow international conventions. Argentine-domestic closings involve IGJ filings and notarial procedures. Stamp duty (impuesto de sellos) varies by province and applies to certain transaction documents.
Largest private tech companies in Argentina
Ualá valued at $3.2B is the largest still privately-owned company in Argentina.
See all large tech companies in Argentina| Logo | HQ | Description | ||||
|---|---|---|---|---|---|---|
Ualá | | Ualá is an Argentine fintech company offering a mobile-based financial ecosystem that includes Mastercard prepaid and debit cards, credit cards, savings accounts, personal loans, investment products, insurance, and merchant payment services. Founded in 2017 by Pierpaolo Barbieri and headquartered in Buenos Aires, the platform originally launched as a prepaid card provider and has since expanded into a full-service digital banking operation. Ualá serves over 11 million customers across Argentina, Mexico, and Colombia, with roughly one in five Argentine adults holding an account. The company acquired Mexican bank ABC Capital, granting it a local banking license to offer deposit and lending products in that market. Backed by investors including Allianz X, SoftBank, Tencent, Goldman Sachs Asset Management, and Soros Fund Management, Ualá reached a valuation of $3.2 billion following a $195 million funding round in March 2026. | Mar-26 | $195M | $3.2B |
Startups who recently raised money in Argentina
Largest VC round raised recently in Argentina was a $195M Undisclosed stage of Ualá in March 2026.
See all VC rounds in Argentina| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Mar-26 | Ualá | | Ualá is an Argentine fintech company offering a mobile-based financial ecosystem that includes Mastercard prepaid and debit cards, credit cards, savings accounts, personal loans, investment products, insurance, and merchant payment services. Founded in 2017 by Pierpaolo Barbieri and headquartered in Buenos Aires, the platform originally launched as a prepaid card provider and has since expanded into a full-service digital banking operation. Ualá serves over 11 million customers across Argentina, Mexico, and Colombia, with roughly one in five Argentine adults holding an account. The company acquired Mexican bank ABC Capital, granting it a local banking license to offer deposit and lending products in that market. Backed by investors including Allianz X, SoftBank, Tencent, Goldman Sachs Asset Management, and Soros Fund Management, Ualá reached a valuation of $3.2 billion following a $195 million funding round in March 2026. | Allianz XD1 Capital Partners+4 | $195M | $3.2B | Undisclosed stage | |
Jan-26 | Pomelo | | Pomelo is a Latin America-based fintech infrastructure provider headquartered in Mexico City, specializing in card issuing, processing, and management APIs. The company enables banks and retailers to launch virtual and physical cards rapidly, supporting programs in Mexico, Colombia, and Brazil. Pomelo integrates with Visa and Mastercard networks for seamless domestic and international transactions. | Adams Street PartnersEndeavor Catalyst+5 | $55M | - | Series C | |
Feb-26 | Tapi | | Tapi is a Latin America-focused fintech provider of e-wallet and merchant payment solutions for online and in-store transactions. Panama-based, it offers digital wallets with balance management, transaction history, payment processing integration, cross-border transfers, currency exchange, fraud detection, and sales analytics for businesses. | Endeavor CatalystKaszek+1 | $27M | - | Series B | |
Apr-26 | DePay | | DePay is an Argentina-based startup building real-time payments infrastructure. | CMT DigitalDigital Currency Group+4 | $4.0M | - | Seed | |
Mar-26 | Satellites on Fire | | Satellites on Fire detects forest fires in real time using satellite imagery. | Avesta FundDalus Capital+10 | $2.7M | - | Seed | |
Dec-25 | Avedian | | Avedian is a technology platform provider enabling healthcare institutions to manage electronic medical records and generate decision-making insights. The company operates in Latin America, serving hospitals and clinics with data analytics tools to improve efficiency, sustainability, and equity in health sector operations. | Meet Capital | $2.2M | - | Seed | |
Nov-25 | Sensify | | Sensify is an Argentina-based cloud platform providing real-time monitoring of cold chain logistics for pharmaceuticals, food, and perishables to ensure product integrity during transport. | AC VenturesInnventure AgriFood Tech+1 | $2.0M | - | Undisclosed stage | |
Mar-26 | ALKEMIO | | ALKEMIO is a Buenos Aires-headquartered company specializing in Molecular Adsorption Technology for separating and purifying rare earth elements from mining ores. The platform targets neodymium, praseodymium, dysprosium, and other critical REEs essential for electric vehicles, wind turbines, and electronics. This selective process achieves higher recovery yields compared to solvent extraction methods while minimizing acid usage and wastewater generation. Alkemio serves global mining firms seeking sustainable alternatives to traditional hydrometallurgical techniques that dominate REE production in China and Australia. | Epic Angels | - | - | Pre-seed | |
Feb-26 | Fluxio e-Mobility | | Fluxio e-Mobility is an Argentina-headquartered platform bridging Europe and Latin America in EV charging infrastructure. It deploys AI-optimized networks with cloud-native software for charge point management, energy services, and fintech integrations targeting fleets, hospitality, and urban mobility. | - | - | - | Angel |
Top VCs and strategic investors in Argentina
Endeavor Catalyst, Kaszek, Innventure AgriFood Tech and Latitud funded the most startups in Argentina in the last 12 months.
See all VCs in Argentina| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Endeavor Catalyst | | Endeavor Catalyst is a co-investment fund exclusively backing Endeavor-supported entrepreneurs globally. New York-headquartered, it has deployed over $100 million into 50+ companies like Rappi and Swiggy, achieving 5x net returns since 2019. The fund syndicates deals with LPs including Tiger Global and SoftBank, focusing on Series A to C stages in emerging markets like Latin America and India. Managed by Endeavor, it leverages a network of 4,000 mentors for due diligence. | TapiPomeloLemon Cash+2 | 5 | Series B | |
GRID EXPONENTIAL | | GRID EXPONENTIAL is Latin America’s inaugural science-based company builder via gridexponential.com. The firm bridges technology transfer gaps and investment processes to develop disruptive ventures from research in the region. | BioCléCyanoMinCellRep+2 | 5 | Pre-seed | |
Kaszek | | Buenos Aires and Sao Paulo-headquartered Kaszek invests in seed through Series B technology companies across Latin America. The venture capital firm targets fintech, e-commerce, logistics, and software sectors, providing operational support in strategy, team building, and scaling. Kaszek manages funds backing over 100 portfolio companies regionally. | TapiPomeloEnter+2 | 4 | Series B | |
Draper Cygnus | | Draper Cygnus is an Argentine venture capital firm funding seed and Series A rounds in fintech, food and agtech, bio and nanotech, and cleantech. It backs local founders developing transformative technologies with global potential from bases in Buenos Aires. | Satellites on FireCaliceIOF Company+1 | 4 | Seed | |
Meet Capital | | Meet Capital is a Mexico City-based venture capital fund investing in pre-seed and seed-stage B2B startups across Latin America, excluding biotech. The $3 million fund targets fintech, edtech, and enterprise software companies in countries like Brazil, Colombia, and Argentina. Active since 2022, it backs founders building for regional economies. | AvedianTucánApelie Robotics | 4 | Seed | |
Innventure AgriFood Tech | | Innventure AgriFood Tech is a Buenos Aires-managed federal fund established by Aapresid in 2021. It invests in startups developing precision agriculture tools, biotech seeds, and sustainable livestock solutions across Argentina and Latin America. The portfolio includes companies like Agrofy and Bioceres, focusing on crop monitoring drones, AI-driven irrigation, and plant genomics. Innventure partners with Banco Nación and CONICET for co-investments totaling over 20 projects, aiming to boost farm yields by 30% through tech adoption in soybean, corn, and wheat sectors. | Satellites on FireSensifyCalice | 3 | Seed | |
Latitud | | Latitud is a Mexico City-headquartered venture capital platform and fund backing early-stage tech startups across Latin America. The firm combines pre-seed investments with operational infrastructure, including talent recruitment, go-to-market strategies, and scaling support through its network of advisors and accelerators. Focused on sectors like fintech, healthtech, and edtech, Latitud has deployed capital in over 50 companies since 2020, fostering growth from ideation to Series A readiness in markets spanning Brazil, Colombia, and Argentina. | TapiRemiteeFudo+1 | 3 | Seed | |
Draper Associates | | Draper Associates is a San Mateo-headquartered early-stage venture capital firm founded in 2015 by Tim Draper. The fund invests in seed and Series A rounds across new media, gaming, SaaS, cloud computing, fintech, IoT, and mobile technologies globally. Portfolio companies include Coinbase, Robinhood, and Bancor, targeting disruptions in multi-billion-dollar markets. Draper Associates supports founders through the Draper Venture Network and Draper University programs. | Satellites on FireRoxom GlobalDarkhive+2 | 3 | Pre-seed | |
Borderless Capital | | Borderless Capital is a venture capital firm investing in early-stage projects within the Algorand blockchain and edge finance ecosystems. It provides funding, market access, and technical support to startups developing decentralized applications, DeFi protocols, and tokenized assets across Latin America and global markets. | Roxom GlobalAgrotokenBetterness+2 | 3 | Pre-seed | |
AIR Capital | | AIR Capital is a New York-based early-stage venture capital firm investing in startups advancing abundance, inclusion, and regeneration themes. The fund backs companies in climate tech, biotech, and social impact sectors with tickets targeting seed to Series A rounds in North America. | Satellites on FireCalicemetaBIX Biotech+1 | 3 | Seed |
What if not VC? Non-equity funding in Argentina
Argentina's non-dilutive funding stack is moderate by Latin American standards but has specific structural advantages - the Knowledge Economy regime, FONTAR / FONDCE grants and a deep angel network compensate for macroeconomic constraints.
Knowledge Economy regime
60% reduction in corporate tax for qualifying SMEs, social security contribution reductions on qualifying personnel and export-related benefits for software, biotech and other knowledge-intensive sectors. The single most distinctive non-dilutive benefit for Argentine tech.
FONTAR and FONDCE grants
ANPCyT-administered R&D grants and Knowledge Economy fund programmes. Vary by call and sector focus; offer non-dilutive co-funding for qualifying innovation projects.
BICE and Banco Nación
BICE and Banco Nación provide development banking for SMEs and exporters. Combined with private bank lending, often used for working capital and growth financing.
Argentine angel ecosystem
MercadoLibre, Globant, Despegar, OLX, Auth0 and Ualá alumni anchor one of the densest tech angel scenes in Latin America. Tickets typically USD 10k-100k per investor; structured rounds often syndicated across multiple angels.
Provincial Knowledge Economy incentives
Several Argentine provinces (Córdoba, Mendoza, San Luis) offer additional incentives on top of the federal Knowledge Economy regime - including reduced gross income tax (IIBB) and access to provincial accelerators.
Cross-border venture debt
Material venture debt arrangements typically happen at the offshore-parent level via cross-border lenders (Partners for Growth, Sympatico Capital). Domestic Argentine venture debt is limited and complicated by FX controls.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across Argentina and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Argentina.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
Got questions?
Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
More services
We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in Argentina
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in Argentina
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
Learn moreTalk to us
Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
- Fractional CFO for Software
- Fractional CFO for AI & ML
- Fractional CFO for Fintech
- Fractional CFO for Consumer internet
- Fractional CFO for Digital media
- Fractional CFO for E-commerce & marketplaces
- Fractional CFO for Consumer products
- Fractional CFO for Mobility
- Fractional CFO for Digital health
- Fractional CFO for Industrial technology
- Fractional CFO for Digital infrastructure
- Fractional CFO for IT services
Stages
Countries
- UK Fractional CFO
- Ireland Fractional CFO
- France Fractional CFO
- Germany Fractional CFO
- Spain Fractional CFO
- Portugal Fractional CFO
- Italy Fractional CFO
- Netherlands Fractional CFO
- Belgium Fractional CFO
- Switzerland Fractional CFO
- Austria Fractional CFO
- Denmark Fractional CFO
- Sweden Fractional CFO
- Norway Fractional CFO
- Finland Fractional CFO
- Poland Fractional CFO
- Estonia Fractional CFO
- US Fractional CFO
- Canada Fractional CFO
- Mexico Fractional CFO
- Brazil Fractional CFO
- UAE Fractional CFO
- Australia Fractional CFO
Cities
- London Fractional CFO
- Dublin Fractional CFO
- Paris Fractional CFO
- Berlin Fractional CFO
- Madrid Fractional CFO
- Lisbon Fractional CFO
- Milan Fractional CFO
- Amsterdam Fractional CFO
- Brussels Fractional CFO
- Zurich Fractional CFO
- Vienna Fractional CFO
- Copenhagen Fractional CFO
- Stockholm Fractional CFO
- Oslo Fractional CFO
- Helsinki Fractional CFO
- Warsaw Fractional CFO
- Tallinn Fractional CFO
- New York Fractional CFO
- Toronto Fractional CFO
- Mexico City Fractional CFO
- São Paulo Fractional CFO
- Dubai Fractional CFO
- Sydney Fractional CFO