Salkantay Ventures

Salkantay Ventures is widely regarded as the largest venture capital fund in Peru, founded in 2012 and headquartered in the Miraflores district of Lima. The firm invests in early-stage entrepreneurs across Spanish-speaking Latin America who use technology to address the region's most pressing problems. Its thematic areas span smart cities and logistics, fintech, edtech, healthtech, and the digitization of micro, small and medium enterprises via B2B and SaaS models. The team of 11 includes 4 partners, led by Luis Daniel Arbulu and Lucia Montalvo. Salkantay's flagship vehicle is the Salkantay Exponential Fund (SXF) LP, which reached a final close of $26 million in 2022 with institutional limited partners including Capria Ventures, IDB Lab, the Dutch Good Growth Fund, Colombia's Bancoldex, and Peru's COFIDE-managed FCEI fund-of-funds. Through SXF the firm leads seed and Series A rounds with checks of $500,000 to $3 million into up to 25 technology-based startups across the region. The active portfolio spans 22 companies, and named investments include Finnecto, uDocz, Welli, minu, and Guama — the latter a $1.5 million seed co-led by Salkantay alongside Story Ventures and Hustle Fund. In total the firm has made 50 cumulative disclosed investments counting follow-ons. Salkantay positions itself as a long-term partner to its founders, combining capital with deep regional networks and an on-the-ground understanding of Latin America's regulatory, commercial, and cultural environments. The firm has been a consistent presence in the region's early-stage ecosystem for over a decade, maintaining a steady investment pace of six or more deals per year.