Opciones de financiamiento en lat am

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Opciones de financiamiento en lat am

  1. 1. FINANCING IN LAT AM NOVEMBER 2013 www.nazcaventures.com
  2. 2. 3
  3. 3. INTEREST NO INTEREST BANK LOAN CREDIT CARD DEBT CONVERTIBLE NOTE (PRE CONVERTION) SOME FFF LOANS CONVERTIBLE NOTE (POST CONVERTION) SOME PREFFERED EQUITY SOME FFF LOANS GRANTS PRIZES SAVINGS SOME NON PREFERED EQUITY SOME STRATEGIC ALIANCES SOME EOM (PROVIDERS) PARTNERSHIPS NO EQUITY EQUITY 4
  4. 4. CURRENT FUNDING STAGES IN LATAM SEED INVESTMENT EARLY STAGE INVESTMENT VC INVESTMENT (SERIES A) ROUND SIZE IN LATAM $10K to $150K $150K to $750K $750 to $3MM+ TARGET COMPANIES 8K 4K 1K DEALS/ YEAR 3K 300 60 FUNDING SOURCES Country specific: government, angels, accelerators Country specific funds Many country specific funds, new regional funds INTERNATIONAL FUNDING Few Few Much EVOLUTION Numerous accelerators Many country specific fund in the making Many regional funds in the making 5
  5. 5. LIMITED OPTIONS LOCAL ANGEL INVESTMENT FEW FUNDS
  6. 6. Up to USD 10k to 100k, grant or loan Pre product/ market fit to established companies Buenos Aires Emprende and similar, Fonsoft and similar 8
  7. 7. USD 25K to USD 50K Pre product/ market fit Funding: Wayra, NXTP, Incutex, Njambre Mentoring: ITBAF, DoingLabs Future: Startup Buenos Aires 9
  8. 8. USD 25k to USD 100k for equity Pre product/ market fit Club de Angeles del IAE, Club de Angeles de Inversor Global, MELI fund 10
  9. 9. USD 100k to USD 300k for equity Post revenue Nazca Ventures, NXTP Labs (Follow on), Alaya Ventures, Enzyme Ventures, Primary Ventures, FIT 11
  10. 10. USD 750k or more Internationalization Kazsek Ventures, Navent, FIT 12
  11. 11. GOVERNMENT SUPPORT MANY FUNDS MUCH COMPETITION
  12. 12. Up to USD 10k to 40k Pre product/ market fit Startup Brazil, 8 accelerators, 5 to 10% equity Mina Gerais SEED Program 14
  13. 13. USD 25K to USD 50K Pre product/ market fit Funding: Wayra, 21212, Pipa, Papaya Ventures, TreeLabs, 25+ programs 15
  14. 14. USD 100k to USD 300k for equity Post revenue Confrapar, 21212, Initial Capital 16
  15. 15. USD 750k or more Internationalization Monashees Ventures, E Redpoint Ventures, Intel Capital, Accel Partners, Kazsek and 30 Ventures Capital Funds more 17
  16. 16. GOVERMENT SUPPORT FEW FUNDS INCOMPLETE ECOSYSTEM
  17. 17. Up to USD 100k, grant Pre product/ market fit Start Up Nation, RutaN 19
  18. 18. USD 25K to USD 50K Pre product/ market fit 8 accelerators including Wayra, Apps Co, Atom House and others 20
  19. 19. USD 100k to USD 300k for equity Post revenue Nazca Ventures, Vellum Capital 21
  20. 20. FEW FUNDS INCOMPLETE ECOSYSTM
  21. 21. USD 25K to USD 50K Pre product/ market fit Wayra, Naranja Labs, Mexican VC 23
  22. 22. USD 25k to USD 100k for equity Pre product/ market fit InvestMex, Angel Venture Mexico, Naranja Labs, Mexican VC 24
  23. 23. LIMITED INVOLVEMENT IN LAT AM ACCELERATORS AND SERIES A/B
  24. 24. USD 25K to USD 50K Pre product/ market fit 500 startups, Entrepreneurs Round Table, Miami Launch Pad Miami 26
  25. 25. USD 750k or more Internationalization Emergence Capital, Riverwood Capital, Sequoia Capital, Tiger International, Insight Venture Partners, Flybridge Venture Partners among others 27
  26. 26. 25K to +1MM for equity Angel investing, Early Stage and VC La Caixa, Grupo de Angeles de IE, others 29
  27. 27. Up to USD 50k for equity Pre product/ market fit Wayra Peru 30
  28. 28. USD 25K to USD 50K Pre product/ market fit ANII Government Agency 31
  29. 29. USD 50K to USD 500K Pre product/ market fit to regionalization Prosperitas Capital Partners 32
  30. 30. GOVERNMENT SUPPORT MANY FUNDS OPEN TO FOREIGNERS
  31. 31. Easy to land and start selling Per capita GDP and Purchasing Intend higher in LA Huge number of big companies/ retailers Special trade agreements with US, Asia and Andes Legal and monetary security Si, hablan español! 34
  32. 32. Accelerators, Universities, NGOs, Funds, Companies and Government all work together All stages represented, from seed to series B CORFO (Government agency) finances private initiatives Chilean entrepreneurs have been in SV since 08 Companies are investing in startups Chile welcomes all! 35
  33. 33. USD 40K reimbursable grant Pre product- market fit Apply online 6 times a year 36
  34. 34. Up to USD 120k. 5 to 10% Pre product/ market fit CAPITAL SEMILLA: Through network of more than 10 accelerators such as IncubaUC Wayra, Movistar Innova 37
  35. 35. USD 50to USD 150k for equity Pre product/ market fit Chile Global Angels, Mujeres Empresarias, Others 38
  36. 36. USD 250to USD 750k Post revenue Nazca Ventures, Fen Ventures, Vesubio Ventures, NXTP (follow ons) 39
  37. 37. USD 750k or more Internationalization Inversur Ventures, Austral Capital, Aurus Capital, CoPec-Uc, Nazca Ventures (follow on) 40
  38. 38. Very limited, local angel investment, no funds Gov. support, some funds, open to foreigners Gov. support, many funds, much competition Gov support, no previous experience, some funds Some funds, incomplete ecosystem Limited involvement in Lat Am. Series A onwards Uruguay, Peru. 41
  39. 39. Early stage tech startups. USD 250K to USD 750K, co-investment. Companies with a Chilean-based corporation. Capital to grow and internationalize. Transform local tech startups into regional/ global players. All investors and partners are entrepreneurs. 43
  40. 40. 44
  41. 41. Active involvement of partners and investors as mentors and board members. Help with positioning, execution, others. Implementation of financial reports and operational KPIs for data driven decision making. Commitment to share our broad network in each industry, towards the development of partnerships and regional / global growth. Explore synergies within the portfolio to increase sales, optimize resource allocation and increase exit potential. Local investors will help startups soft land in each country, including access to HR, service providers and office space. Prepare companies strategically to increase valuation and access top notch investors in their next rounds. 45
  42. 42. ALAN FARCAS PARTNER Public and Institutional Affairs •  •  •  •  FELIPE HENRIQUEZ MEYER PARTNER Finance •  •  •  •  SANTIAGO CANIGGIA BENGOLEA PARTNER Corporate Affairs VANESA KOLODZIEJ PARTNER Entrepreneurs Relations EDUARDO AMADEO PARTNER Operations Managing Director, Universidad Adolfo Ibañez, Business School Managing Director, Endeavor Chile Engineer, Universidad de Chile. Masters in Innovation, Universidad Carlos III. Executive Business Program, IESE /Wharton Angel investor Co-founder and CFO, Groupon LatAm (except Brazil) Co-founder, Café Orígenes Engineer, Universidad Diego Portales. ECLA, Entrepreneurship Program at Columbia University NYC Angel investor •  •  •  •  Corporate Affairs and Co-founder, Faro Capital, sustainable agricultural fund Founder, Bodega del Plumerillo (Winery) Lawyer, Ernst & Young ECLA, Entrepreneurship Program at Columbia University NYC Angel investor •  •  •  •  Co-founder of three tech companies, including Bumeran Entrepreneur in Residence, Mark Ventures Co-founder, Palermo Valley BA, Universidad de San Andrés. Entrepreneurship, Babson College •  •  •  Co-founder, Buenos Aires Emprende BA, Universidad Di Tella; MBA, Universidad de San Andrés SMsB consultant with over 15 years experience • 
  43. 43. www.nazcaventures.com

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