Capital raising services in Chile
Chile's venture market has matured meaningfully since Start-Up Chile's early cohorts, with local funds at Magma Partners and Fen Ventures now anchoring seed and Series A alongside increasing participation from Mexican and US growth investors at Series B and beyond.
Betterfly's unicorn status and Buk's regional HR platform expansion signal a Chilean market increasingly capable of sustaining mid-stage companies with regional ambition and the unit economics to attract international growth capital.
We advise Chilean founders raising mid- to late-stage growth rounds, bringing an extensive VC network spanning Santiago, Mexico City, and international funds with Latin American mandates; we handle pitch deck preparation, financial model construction, and end-to-end process management to ensure founders close on the best possible terms.
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VC rounds raised in the last 12 months in Chile
$13M
Median VC valuation (across all stages) in Chile
4.1x
Median VC revenue multiple (across all stages) in Chile
$86M
Largest VC round raised in Chile in the last 12 months
Raising venture capital in Chile
Chile's VC market is mid-sized by Latin American standards, with Santiago as the centre. Local funds anchor seed and Series A; cross-border participation from Mexican, US and European investors is common at growth stage. Most material rounds involve an offshore holding structure.
Documentation conventions
Most venture-backed Chilean rounds use offshore-parent (Delaware) NVCA-aligned documentation. Pure-Chilean rounds adapt to S.A. or SpA (Sociedad por Acciones) mechanics - SpA is the modern startup-friendly Chilean structure.
SAFEs and Chilean convertibles
Y Combinator SAFEs are widely used in Chilean seed and Series A rounds with a Delaware parent. Chilean-law convertible instruments are used in pure-Chilean structures.
Holding structure choice
Most venture-backed Chilean companies operate via an offshore holding entity (Delaware, sometimes Cayman) over Chilean operating subsidiaries. Provides US investor familiarity, cleaner ESOPs and exit mechanics; pure-Chilean structures preserve domestic CORFO and Start-Up Chile incentives.
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. Chilean SpA structure supports venture-stage rounds with flexible share class structuring.
Foreign investment review
Chile's FDI regime is relatively open; specific approvals apply in defence, broadcasting and certain critical infrastructure. Most pure-tech rounds operate without sector-specific approval.
Closing mechanics
Closings vary by structure - offshore-parent closings follow international conventions. Chilean-domestic closings involve Conservador de Bienes Raíces and Registro de Comercio filings.
Startups who recently raised money in Chile
Largest VC round raised recently in Chile was a $86M Series A of BCI in January 2026.
See all VC rounds in Chile| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Jan-26 | B | BCI | | BCI is a China-based provider of vertically integrated infrastructure for next-generation computing power. | Dongyang Yingluohua FundHengdian Capital | $86M | - | Series A |
Jan-26 | Xepelin | | Xepelin is a Mexico City-headquartered fintech providing digital accounts, liquidity access, and financial automation for Latin American businesses. The platform offers risk assessments and payment tools integrated across supply chains. Xepelin partners with investors like Kaszek and DST Global to expand in Mexico, Chile, and Colombia. | Nazca Ventures | $20M | $400M | Undisclosed stage | |
Dec-25 | Vambe | | Vambe is an AI-powered sales representative platform that automates customer interactions across the sales funnel. The tool integrates with CRMs like Salesforce and HubSpot, analyzes chat data to build detailed customer profiles, and delivers personalized product recommendations. Vambe handles inbound leads, follow-ups, and deal closures for e-commerce and SaaS businesses, operating 24/7 in multiple languages. | AtlanticoCathay Innovation+5 | $14M | - | Series A | |
Jan-26 | Enerlink | | Enerlink is a Santiago-based provider of EV charging management software serving over 150 B2B customers in Chile, Peru, Colombia, and Mexico. The hardware-agnostic Charge Management Software optimizes operations since its pivot in 2020 from smart metering. Enerlink enhances profitability and user experience in Latin American e-mobility infrastructure. Founded in 2018, the company accelerates EV adoption through specialized tech. | Dalus CapitalKayyak Ventures | $3.1M | - | Seed | |
Nov-25 | Cenit | | Cenit is a machine learning-powered SaaS platform that equips financial institutions with tools to personalize customer journeys and automate operational workflows for greater efficiency. | Hi Ventures | $1.8M | - | Seed | |
Nov-25 | Frankles | | Frankles is a Barcelona-based climate tech startup deploying NoDex, an AI platform that designs molecular extraction from plant waste for sustainable flavorings, antioxidants, and biocompounds. | Carozzi VenturesSudlich Capital+1 | $1.0M | - | Undisclosed stage | |
Jan-26 | Examedi | | Examedi is a Santiago-based platform connecting patients with home-visit nurses and lab technicians in Chile. Launched in 2020, it schedules blood draws and vaccinations for over 50,000 users annually through partnerships with Clinica Alemana. The app verifies provider credentials and processes payments via Webpay. | FJ Labs | - | $17M | Series B | |
Dec-25 | Solubag | | Solubag is a producer of soluble packaging films made from potato starch for single-use detergents, agrochemicals, and water-soluble applications. The company manufactures PVA-free films that dissolve in cold water within minutes, certified for industrial and home compostability under European norms. Headquartered in Santiago, Chile, Solubag supplies pre-formed pods and rolls to cleaning product manufacturers and agriculture sectors across Latin America and Europe. Their technology reduces plastic waste by enabling dose-accurate, residue-free packaging. | - | - | - | Series A |
Top VCs and strategic investors in Chile
Kayyak Ventures, Nazca Ventures, Chile Ventures and Invexor Venture Partners funded the most startups in Chile in the last 12 months.
See all VCs in Chile| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Kayyak Ventures | | Kayyak Ventures is a venture capital firm targeting seed through series B rounds in Latin America-focused companies. It deploys $1.5 million to $5 million per deal in revenue-generating businesses with strong margins addressing social and environmental issues, backing founders across the region and diaspora in the US and Europe. | EnerlinkRankmiAgendaPro+2 | 7 | Seed | |
Nazca Ventures | | Nazca Ventures is a venture capital firm with headquarters in San Francisco and offices in Mexico City, Bogota, Buenos Aires, and Santiago. Formed in 2014 through merger with Mountain Partners, it invests across stages in technology startups targeting Latin American markets and US innovations, offering capital, global networks, market intelligence, and talent sourcing. | XepelinVambeVMetrix+2 | 6 | Seed | |
Chile Ventures | | Chile Ventures is a Santiago-based venture capital firm investing in early-stage SaaS, subscription, license, and membership tech startups across Latin America. It supports portfolio companies like NotCo and Fintual in scaling operations. | VambeBeeokFoccuz+1 | 6 | Seed | |
Invexor Venture Partners | | Invexor Venture Partners is an early-stage venture capital firm targeting high-growth technology companies in Europe. Based in London, it provides seed and Series A funding to entrepreneurs in software, AI, and SaaS sectors. The firm has backed over 30 startups since 2015, including exits to major tech corporations, and maintains a portfolio valued at more than €200 million. Invexor collaborates with corporate venture arms like those of Deutsche Telekom and Orange for co-investments. | ReiteYourneyBtrust+1 | 5 | Seed | |
Taram Capital | | Taram Capital is a Chilean early-stage venture firm investing in late seed and Series A B2B tech solutions for SMEs and enterprises. It focuses on eCommerce, fintech, data-driven tools, and Web3 startups with international reach, headquartered in Santiago. | ToteatRegcheqKeirón | 4 | Seed | |
Dalus Capital | | Dalus Capital is a Mexico City-headquartered venture capital firm investing in Latin American startups tackling inclusion, climate innovation, business productivity, and digital consumer challenges. The fund partners with entrepreneurs developing scalable technologies in fintech, agritech, sustainability, and e-commerce. It provides strategic guidance and resources to portfolio companies expanding across the region. | EnerlinkReuseGalgo+2 | 3 | Seed | |
Hi Ventures | | Hi Ventures is a seed and early-stage venture capital fund investing in innovative entrepreneurs with scalable business models. Based in Latin America, the firm backs technology-driven companies in sectors like fintech, healthtech, and e-commerce, providing funding from pre-seed through Series A rounds. | CenitShinkansenTESS+1 | 2 | Seed | |
M13 | | M13 offers strategic counsel and operational support to high-growth startups. Los Angeles-headquartered with offices in New York and San Francisco, the firm founded in 2016 invests through Fund II in emerging technologies reshaping consumer behavior, including AI-driven personalization and digital health solutions. | VambeChordTamber+2 | 2 | Seed | |
Sudlich Capital | | Sudlich Capital is a Santiago-based private equity firm that invests in lower middle-market companies across Latin America. The firm targets control stakes in sectors including consumer goods, services, and technology, alongside venture capital opportunities and multi-family real estate developments in Chile. Founded in 2012, Sudlich manages assets exceeding $100 million and has completed deals such as the acquisition of a leading Chilean packaging distributor and investments in agribusiness platforms. | FranklesAinwaterBY BUG | 2 | Pre-seed | |
IDB Lab | | IDB Lab is the innovation lab of the Inter-American Development Bank Group, based in Washington, D.C. It invests in startups and scale-ups addressing challenges in fintech, agritech, healthtech, and edtech across Latin America and the Caribbean, with a portfolio exceeding 100 companies and $50 million deployed since 2017. | RankmiISA SaúdeSofía+1 | 1 | Series A |
What if not VC? Non-equity funding in Chile
Chile's non-dilutive funding stack is one of the more accessible in Latin America - between Start-Up Chile, CORFO, the R&D tax credit and EU- and US-bilateral funding, Chilean startups have multiple paths to extend runway without taking equity dilution.
Start-Up Chile
Start-Up Chile provides grants (CLP 12-75M+ depending on programme) and acceleration. Useful for international founders relocating to Chile and Chilean founders building globally-relevant companies.
CORFO programmes
CORFO provides innovation grants, subsidised lending and equity participation via partner funds. Programmes include SSAF (Subsidio Semilla), capital semilla and growth-stage equity instruments.
R&D tax credit
35% non-refundable corporate income tax credit on qualifying R&D expenditure, with pre-approval and certification by CORFO. Material for R&D-heavy Chilean tech companies.
Chilean angel ecosystem
Cornershop, NotCo, Betterfly, Cumplo and other Chilean tech alumni anchor a meaningful angel scene. ChileGlobal Angels and other networks coordinate structured investment.
Free trade access
Chile's extensive free trade agreement network (US, EU, China, Latin American Pacific Alliance) creates structural advantages for export-oriented Chilean tech businesses. Not directly a funding source but materially shapes market access economics.
Cross-border venture debt
Cross-border providers (Sympatico Capital, Partners for Growth) operate in Chile alongside CORFO-backed lending products. Typically deployed against ARR or contracted revenue from Series A onwards.
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 Chile and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Chile.
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 Chile
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 Chile
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
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