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The Venture Codex

Overview

Early stage VC fund investing in tech-enabled companies in Latam.

Founded

2012

Deals · 12mo

7

Stage focus

Seed
Series A

Geographic focus

Argentina
Chile
Colombia
Mexico
...

Sector focus

Financial Services
Venture Capital

Investment portfolio

19rounds
NAMEDATESIZE
Magnar
Sep 2026Participated
$8 MSeries A
Selenios
Aug 2026Participated
$1 MSeed
Forest
Apr 2026Participated
$35 MSeries B
Wibond
Apr 2026Led
$6 MSeed
Cifrato
Mar 2026Participated
$1 MSeed
Lebane
Feb 2026Participated
$4 MSeed
Signa
Feb 2026Participated
$1 MSeed
Loto
Aug 2025Participated
$1 MSeed
Kunzapp
Aug 2025Participated
$2 MSeed
Splight
Jul 2024Participated
$12 MSeed
diio
Mar 2024Participated
$1 MSeed
Forest
Nov 2023Participated
$6 MSeries A
Magnar
Sep 2026Participated
$8 MSeries A
Selenios
Aug 2026Participated
$1 MSeed
Forest
Apr 2026Participated
$35 MSeries B
Wibond
Apr 2026Led
$6 MSeed
Cifrato
Mar 2026Participated
$1 MSeed
Lebane
Feb 2026Participated
$4 MSeed
Signa
Feb 2026Participated
$1 MSeed
Loto
Aug 2025Participated
$1 MSeed
Kunzapp
Aug 2025Participated
$2 MSeed
Splight
Jul 2024Participated
$12 MSeed
diio
Mar 2024Participated
$1 MSeed
Forest
Nov 2023Participated
$6 MSeries A
19
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Fen Ventures: 19 funding rounds are recorded in the selected participation categories.All available history.
Fen Ventures: 19 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed19
Series A06
Series B01
Other Equity02

Monthly Deal Activity

Fen Ventures: 19 deals are recorded across 166 months.All available history.
Fen Ventures: 19 deals are recorded across 166 months. All available history
MonthDeals
Jan '131
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '191
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '231
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '252
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '262
Mar '261
Apr '262
May '260
Jun '260
Jul '260
Aug '261
Sep '261
Oct '260

Sector Breakdown

Fen Ventures: Professional Services is the largest displayed sector by deal count (8 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Fen Ventures: Professional Services is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Professional Services8
Fintech7
AI & Machine Learning7
Enterprise Software5
Transportation & Logistics4
Data, Analytics & IT3
Networks, Cloud & Communication3
Real Estate & Construction2
Consumer & Lifestyle2
Health & Life Sciences2
Education & Workforce1
Government & Defense1
E-Commerce & Retail1
Clean Energy & Sustainability1
Marketing & Advertising1
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

Fen Ventures: 19 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Fen Ventures: 19 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M4
$10M-$25M1
$25M-$50M2
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Fen Ventures: Chile has the largest recorded deal count among the displayed regions (6 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Fen Ventures: Chile has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
Chile6
Colombia3
United States3
Mexico2
Europe2
Argentina2
Lebanon1
Fen Ventures: 20 co-investors are shown, with Nazca sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Fen Ventures: Led accounts for 5% and participating for 95% of round participation.All available history.
Fen Ventures: Led accounts for 5% and participating for 95% of round participation. All available history
CategoryDeals (count)Share (%)
Led15%
Participating1895%
Fen Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Fen Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team

Cristóbal Silva Bengolea

Co-Founder & Managing Partner

Olivia Valdés

Bio Venture Partner

Paola Negrin

Associate

Vicente Montero

Investment Analyst