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| Latin American Business Angels Network | |
|---|---|
| Name | Latin American Business Angels Network |
| Formation | 2010s |
| Type | Non-profit network |
| Headquarters | Bogotá, São Paulo, Mexico City |
| Region served | Latin America and Caribbean |
Latin American Business Angels Network The Latin American Business Angels Network is a regional association connecting angel investors, incubators, accelerators, venture capital firms, chambers of commerce, and entrepreneurship ecosystems across Latin America and the Caribbean. It seeks to mobilize private capital from prominent investors and family offices such as Antoine de Saint-Exupéry-style philanthropists, coordinate with multilateral institutions like the Inter-American Development Bank, and align with business associations including the Cámara de Comercio de Bogotá and Confederación Patronal de la República Mexicana to scale early-stage financing.
The network functions as a platform linking individual angels, syndicates, accelerators like Endeavor, incubators such as Wayra, angel groups akin to AngelList, and investment platforms including Nubank-adjacent funds. It aims to reduce information asymmetries among entrepreneurs from hubs like São Paulo, Mexico City, Buenos Aires, Bogotá, and Santiago de Chile while collaborating with academic institutions such as Universidad de los Andes, Universidad Nacional Autónoma de México, and Pontificia Universidad Católica de Chile to channel deal flow.
The initiative emerged during the 2010s amid rising startup activity associated with events like Campus Party, Web Summit, and regional forums hosted by the Organization of American States and Inter-American Development Bank. Founders included veteran angel leaders from networks similar to Halo Business Angel Network and entrepreneurs from startups tied to MercadoLibre, Rappi, and Despegar. Early convenings took place alongside conferences such as LendIt Fintech-style summits and meetings with delegations from ProColombia and ProMéxico.
Membership comprises accredited angels, syndicates, family offices, university entrepreneurship centers, and regional hubs like Startup Chile and Ruta N. Governance mirrors models used by European Business Angels Network and Angel Capital Association with a board of representatives from national associations such as Asociación Colombiana de Capital Privado and Instituto Nacional del Emprendedor (INADEM). Regional chapters operate in countries like Peru, Ecuador, Uruguay, and Paraguay coordinating with local entities including Cámara de Comercio de Lima and ANDE (Aspen Network of Development Entrepreneurs).
Programs include angel education modeled on curricula from Kauffman Foundation, syndication workshops inspired by Y Combinator practices, and pitch events reminiscent of TechCrunch Disrupt. The network organizes investor caravans visiting accelerators like 500 Startups, seminars featuring founders from Gympass, Cornershop, and NotCo, and due-diligence clinics conducted with law schools and business schools such as INCAE Business School and IE Business School. It also facilitates corporate venturing dialogues with multinationals like Grupo Bimbo and América Móvil.
Initiatives target investment gaps in sectors showcased at trade fairs including Expoalimentaria and Feria Internacional de Turismo. The network has supported portfolio companies expanding to markets via corridors between Ciudad de México and Miami and has promoted gender-lens investing inspired by programs from SheEO and Women Who Tech. It works alongside development projects by United Nations Development Programme and World Bank teams to foster startup ecosystems in secondary cities such as Cali, Medellín, Mendoza, and Cartagena.
Strategic partners include regional accelerators NXTP Labs, fintech hubs like FintechLab, economic promotion agencies such as ProChile, and investor associations like Brazilian Association of Private Equity & Venture Capital (ABVCAP). The network liaises with international organizations including OECD, International Finance Corporation, and philanthropic foundations like Bill & Melinda Gates Foundation-type donors and collaborates with events hosted by Fiis-style conferences and entrepreneurship festivals connected to Summit Series-style gatherings.
Funding sources combine membership dues, sponsorships from corporates such as BBVA, grants from multilateral agencies like Inter-American Development Bank and IDB Invest, and project funding from foundations similar to Rockefeller Foundation. Governance employs bylaws modeled on European Business Angels Network best practices, with oversight committees, audited financial statements prepared by firms reminiscent of Deloitte and PwC, and compliance aligned with national regulators like Comisión Nacional Bancaria y de Valores where applicable.
Category:Business angel networks Category:Startup ecosystems in Latin America