Aconcagua Ventures

Aconcagua Ventures is a Buenos Aires, Argentina-based early-stage venture capital firm founded in 2006, focused on e-commerce and SaaS startups in Argentina and Latin America. The firm is a joint venture between Core-Core and Pegasus Capital, the latter being a principal investment firm that has deployed close to $100 million in Argentina over five years across both venture capital and private equity. Aconcagua Ventures also maintains a US entity registered in San Jose, California, giving it a dual presence to support portfolio companies targeting North American markets. The firm leads seed rounds with checks up to $500,000. The portfolio of 8 companies includes Keepcon, a text analytics and customer intelligence platform; Popego, a social data personalization startup; and USPowerSolutions. The firm focuses on business productivity software and internet software companies, reflecting Argentina's growing technical talent base and the cost-competitive advantage that Latin American development teams offer at early stages of company formation. Aconcagua Ventures occupies a focused niche in the Latin American venture ecosystem, combining local market knowledge with access to Pegasus Capital's broader private equity network and capital base. The firm's small team of three partners works closely with founders, providing not just capital but also strategic input on regional market expansion, product localization, and the operational challenges specific to building software companies in Argentina's volatile macroeconomic environment.