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Top 10 VCs for Female Entrepreneurs in South America 2025: A Comprehensive Guide
2025-04-25 10:37 Top 10

Top 10 VCs for Female Entrepreneurs in South America 2025: A Comprehensive Guide

Top 10 VCs for Female Entrepreneurs in South America 2025: A Comprehensive Guide

As the landscape for female entrepreneurs in South America continues to evolve, several venture capitalists (VCs) have made a significant commitment to supporting women-led startups. This article highlights the Top 10 VCs for Female Entrepreneurs in South America for 2025, showcasing their focus areas, key data points, and links to further information.
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1. WE Ventures (Brazil)

Focus: Investing in female-led technology startups in Latin America.
Data Points:
  • Backed by Microsoft, providing substantial corporate support.
  • Focuses on early-stage startups, helping them at critical development stages.
  • Notable investments in digital advertising and packaging monitoring platforms.
  • Includes a venture builder arm known as WE Impact.
  • Offers mentorship, networking, and various investment opportunities.
  • Learn more about WE Ventures

2. Mendoza Ventures (U.S. & Latin America)

Focus: Early and growth-stage investments in Fintech, AI, and Cybersecurity with an emphasis on diversity.
Data Points:
  • Maintains a portfolio where 75% consists of startups led by immigrants, people of color, and women.
  • Boasts deep domain expertise in its targeted sectors.
  • Utilizes a proven due diligence model to identify promising investments.
  • Currently raising a $100M fund, anchored by Bank of America.
  • Actively re-evaluates its approach to VC to focus on diversity.
  • Discover Mendoza Ventures
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3. Ganas Ventures (U.S. & Latin America)

Focus: Early-stage startups, especially those founded by diverse and LatinX entrepreneurs.
Data Points:
  • Invests primarily in the Pre-seed to Series A stages.
  • Focuses on companies with strong social impact objectives.
  • Has built a robust network across the U.S. and Latin America for additional support.
  • Committed to addressing the funding gap for underrepresented founders.
  • Engages directly with the communities they aim to uplift.
  • Learn more about Ganas Ventures

4. Harlem Capital (U.S., Latin America, Africa)

Focus: Investing in diverse founders, particularly minority and women entrepreneurs.
Data Points:
  • Closed its second fund at $134 million in 2021.
  • Makes early seed-stage investments in post-product companies.
  • Invests across both enterprise and consumer tech sectors.
  • Allows founders to split 1% of the fund’s carry among them.
  • Aims to invest in 1,000 diverse founders over the span of two decades.
  • Explore Harlem Capital

5. LEAP Global Partners (Americas)

Focus: Supporting underrepresented founders across the Americas.
Data Points:
  • Concentrates on LatinX markets due to identified growth opportunities.
  • Partners closely with underrepresented entrepreneurs to facilitate success.
  • Invests in sectors including Fintech, Marketplaces, and SaaS.
  • Led by a diverse team committed to fostering global innovation.
  • Aims to catalyze the next wave of innovation.
  • Learn more about LEAP Global Partners
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6. Epakon Capital (Latin America)

Focus: Early-stage investments in Latino and Latin American-led companies.
Data Points:
  • Operated by a Latino-managed fund, showing dedication to the community.
  • Focuses on pre-seed to seed stages, emphasizing early investment opportunities.
  • Provides follow-on investments to encourage sustained growth.
  • Targets consumer, financial services, and IT sectors.
  • Seeks out opportunities often overlooked by traditional VCs.
  • Discover Epakon Capital

7. EWA Capital (Colombia)

Focus: Gender-smart tech fund addressing inequality, including climate-impact sectors.
Data Points:
  • Led by Patricia Saenz and located in Bogotá, Colombia.
  • Targets investments that contribute to reducing gender inequality.
  • Focuses specifically on tech companies within climate-impact sectors.
  • Actively works towards significant societal change through funding.
  • Engages with innovative solutions to climate challenges.
  • Learn more about EWA Capital

8. Positive Ventures (Brazil)

Focus: "Planet positive" solutions that support low-carbon transition.
Data Points:
  • Managed by Andrea Kestenbaum and based in São Paulo, Brazil.
  • Invests in companies that contribute to a low-carbon economy.
  • Operates across various sectors, supporting diverse innovations.
  • Focuses on early-stage investments to foster ground-level growth.
  • Committed to sustainable practices and environmental benefits.
  • Explore Positive Ventures

9. Fondo de Mujeres del Sur (FMS) (Argentina, Paraguay, Uruguay)

Focus: Funding grassroots initiatives led by women and LBTIQ+ individuals for gender equality.
Data Points:
  • Provides flexible, multi-year funding opportunities.
  • Offers technical and political assistance to empower initiatives.
  • Coordinates the “Leading from the South” initiative across Latin America and the Caribbean.
  • Aims for transformative social results towards equity and justice.
  • Founded in 2007, it has made a significant impact in the region.
  • Learn more about FMS

10. Monashees (Latin America)

Focus: Partnering with founders who are innovating in major markets throughout Latin America.
Data Points:
  • Recognized as a pioneer within the Latin American VC ecosystem.
  • Supports startups from early-stage through their growth phases.
  • Provides expansion funds to established companies for growth.
  • Focuses on technology-driven business models.
  • Champions a human-values-first approach in their investment strategies.
  • Learn more about Monashees
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FAQ

Q: What is WE Ventures and what is their focus?
A: WE Ventures is a Brazilian VC that invests in female-led technology startups across Latin America, backed by Microsoft. Learn more about WE Ventures.
Q: What type of startups does Mendoza Ventures invest in?
A: Mendoza Ventures focuses on early and growth-stage investments in Fintech, AI, and Cybersecurity, with a strong emphasis on diversity. Discover more about Mendoza Ventures.
Q: What is the investment strategy of Ganas Ventures?
A: Ganas Ventures invests in early-stage startups led by diverse and LatinX founders, emphasizing social impact and funding gap closure. Explore Ganas Ventures.
Q: What goals does Harlem Capital aim to achieve?
A: Harlem Capital aims to invest in 1,000 diverse founders over 20 years, making early seed-stage investments focused on minority and women entrepreneurs. Learn more about Harlem Capital.
Q: What sectors does LEAP Global Partners focus on?
A: LEAP Global Partners invests in underrepresented founders across the Americas, focusing on Fintech, Marketplaces, and SaaS companies. Discover LEAP Global Partners.
Q: What does Epakon Capital specialize in?
A: Epakon Capital specializes in early-stage investments in Latino and Latin American-led companies, with a focus on often-overlooked opportunities. Learn more about Epakon Capital.
Q: What is the focus of EWA Capital?
A: EWA Capital is a gender-smart tech fund based in Colombia, addressing inequality through investments in climate-impact sectors and technology companies. Find out more about EWA Capital.
Q: How does Positive Ventures contribute to environmental efforts?
A: Positive Ventures focuses on "planet positive" solutions that support the low-carbon transition and invests in various sectors in Brazil. Discover Positive Ventures.
Q: What is the mission of Fondo de Mujeres del Sur (FMS)?
A: FMS aims to support grassroots initiatives for gender equality by providing flexible funding and assisting organizations led by women and LBTIQ+ individuals. Learn more about FMS.
Q: What approach does Monashees take towards investment?
A: Monashees partners with founders to revolutionize large markets in Latin America, focusing on technology-driven businesses from early stage to growth. Explore Monashees.

About the Author

Violetta Bonenkamp, also known as MeanCEO, is an experienced startup founder with an impressive educational background including an MBA and four other higher education degrees. She has over 20 years of work experience across multiple countries, including 5 years as a solopreneur and serial entrepreneur.
Violetta is a true multiple specialist who has built expertise in Linguistics, Education, Business Management, Blockchain, Entrepreneurship, Intellectual Property, Game Design, AI, SEO, Digital Marketing, cyber security and zero code automations. Her extensive educational journey includes a Master of Arts in Linguistics and Education, an Advanced Master in Linguistics from Belgium (2006-2007), an MBA from Blekinge Institute of Technology in Sweden (2006-2008), and an Erasmus Mundus joint program European Master of Higher Education from universities in Norway, Finland, and Portugal (2009).
She is the founder of Fe/male Switch, a startup game that encourages women to enter STEM fields, and also leads CADChain, and multiple other projects like the Directory of 1,000 Startup Cities with a proprietary MeanCEO Index that ranks cities for female entrepreneurs. Violetta created the "gamepreneurship" methodology, which forms the scientific basis of her startup game. She also builds a lot of SEO tools for startups. Her achievements include being named one of the top 100 women in Europe by EU Startups in 2022 and being nominated for Impact Person of the year at the Dutch Blockchain Week. She is an author with Sifted and a speaker at different Universities. Recently she published a book on Startup Idea Validation the right way: from zero to first customers and beyond and launched a Directory of 1,500+ websites for startups to list themselves in order to gain traction and build backlinks.