Guatemala’s Invariantes closes first fund with US$3.5m in commitments from a mix of high-net worth individuals and family offices in Central America and Mexico. The fund is industry agnostic but focuses on early stage technology startups, specifically in software. Invariantes has already made a number of investments in sectors such as transportation, shipping and logistics, and construction management.
(Press Release) Invariantes Fund, Guatemala’s first early-stage venture capital fund, closed its first vintage with US$3.5m in capital commitments. Through the fund, a mix of high net worth individuals and family offices in Central America and Mexico are now getting exposure to an asset class previously inaccessible to many investors in the region.
The fund itself invests in early-stage technology startups, specifically in software. Prioritizing “bits over atoms”, it focuses on companies that leverage software as infrastructure and as an integral component of their business model, making them capital-efficient and highly scalable.
Despite this focus on software, however, Invariantes Fund is industry-agnostic, and has already made a number of investments in sectors such as transportation, shipping and logistics, and construction management. The fund also seeks to bridge geographies by investing in the United States and Latin America.
To date, Invariantes Fund has made 16 investments in technology companies. Key highlights include Luminar (LiDAR sensors and software for autonomous vehicles), Fleet (shipping & logistics platform for exporters, importers and service providers), and Pillar Technologies (sensors and software for construction management companies). Additionally, Invariantes Fund has made two strategic investments in San Francisco based funds that have provided us with strategic partners and advisors in Silicon Valley, and access to exclusive dealflow.
Both Fernando Pontaza (Co-founder and Managing Partner) and Javier Rodriguez (Principal) are active in the ecosystem, attending startup events and demo days in Silicon Valley, New York, Miami, Mexico, Colombia, and Puerto Rico; and forging relationships with other likeminded angel investors and fund managers.