This is a message we originally shared with our community of LPs and friends as we closed off the year, reflecting on the milestones and achievements that shaped 2024. Now, we are excited to share it with our broader community. This past year was one of continued growth, strategic investments, and deeper engagement within the LATAM startup ecosystem, and we are proud to highlight the progress we’ve made together.
This year, we published a thought piece exploring the unique challenges of investing in Latin American venture capital, including smaller exits, limited capital, and fragmented markets–all of which make traditional VC models less effective. We provide a strategic roadmap tailored to the region, emphasizing early ownership, capital efficiency, and community-driven growth. This thought piece is aimed at fund investors seeking to refine their approach and achieve better outcomes in Latin America's venture capital landscape. Read the full report here.
In 2024, we continued to attract the most innovative and talented founders in the region. Synthera is revolutionizing financial risk management with generative AI models that simulate market data, enhancing risk forecasting and hedging strategies for financial institutions. Conductor tackles technical debt for developers by automating repetitive tasks through AI-powered tools, a solution we recognized as transformative given our software development expertise. Finally, PayMon is modernizing payments in Latin America, empowering students, parents, and schools with seamless financial management tools. These investments underscore our ability to identify and attract exceptional founders, leveraging our domain expertise, network, and community-driven approach to build a robust and diversified portfolio.
Several of our portfolio companies continued to attract follow-on funding, which is a testament to their growth and market validation. Altscore closed a $8.5M Series A round, led by Haymaker Ventures. We also raised an additional SPV, providing additional de-risked investment opportunities to our community using our pro-rata rights. Mercately closed a $2.6M seed round, co-led by Inventus Capital Partners and SVQuad from Silicon Valley, as featured in CrunchBase. And Picker raised a $700K seed round led by Ignia Ventures.
Building on this success, Altscore and Leasy were also recognized as Endeavor Entrepreneurs by the International Selection Committee. This will give two of our portfolio companies access to a larger network and pool of capital as they continue to grow. This recognition highlights their exceptional leadership and potential for growth within their respective industries. Click through to read more about Altscore’s and Leasy’s journey.
This year marked an important milestone as we hosted our first LPGA meeting and Connect atVentures, a larger networking event co-hosted with Endeavor Ecuador. We were delighted to host our LP community at an intimate event to discuss our fund progress. Moreover, Connect atVentures brought together investors, founders, and key players in the LATAM startup ecosystem to discuss various challenges and opportunities for venture capital in the region. These events provided invaluable opportunities for knowledge sharing and relationship building, reinforcing the strength of our community.
In summary, 2024 was a transformative year for BuenTrip Ventures, as we continued to solidify our position as a leading LATAM-focused venture capital fund. Through our thought leadership, strategic investments, and community-building efforts, we have established ourselves as a trusted partner for founders and investors alike.
As we look ahead to 2025, we are energized by the opportunities on the horizon and remain steadfast in our mission to invest in Latin America’s digital transformation. Happy holidays and a prosperous New Year to the BuenTrip Community and beyond!
