Fledge LLC is proposing to launch a $10 million venture capital fund called Aviary Peru that will focus on investing in impact startups in Peru and nearby countries. The fund will have a standard structure with 2% management fees and 20% carried interest. It aims to make 40-50 total investments of between $50,000-$250,000 each in seed-stage companies. Fledge also plans to open an accelerator called Fledge Lima to drive dealflow and possibly expand to other Latin American cities. The fund will be managed by experienced professionals from Peru and elsewhere.