Interesting and complete radiography of the corporate venture capital (CVC) industry published by El Mercurio, detailing who are the companies that do CVC, how much they have invested, and which are the new players, among others.
Chilean entrepreneurship has several corporate venturing initiatives, but over time they have also been moving towards equity investment, understanding that the returns are not only financial, but also strategic. Wayra Chile, Consorcio, ENGIE Factory, MASISA Lab, Digevo Ventures, güil Mobility Ventures, CMPC, WIND Ventures, BICE VENTURES are leading the initiatives.
ACVC gathers among its partners these players from large companies that finance startups . Years ago there were only a couple, but today there are more than seven, with more to come by 2021.
"This contact with the ecosystem is essential to keep up with the rapid changes we are experiencing."
Antonia Rojas, ALLVP fund partner"Corporate venture capital is a stand-alone vehicle, which has independent money and the mandate of the company's board of directors."
Andres Meirovich, President of the Chilean Venture Capital Association
"We are looking for cutting-edge technology that challenges the way things are currently done. That have ambition and global application, with exceptional teams."
Bernardita Araya, manager, CMPC Ventures
Check out the full report here.
