IC Ventures
Francisco Acuna de Figueroa 1771, Montevideo, 11800, Uruguay
Overview
IC Ventures selects startups with potential for disruption, scaling, and value generation in technology applied to financial services (Fintech) and Artificial Intelligence (AI). ICV members have acquired extensive experience in providing effective and relevant support to entrepreneurs that reduces or neutralizes some of the most frequent risks that lead to the failure of entrepreneurs and allows them to make the most of the opportunities that are they present them both for business and for securing financing.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 0
Sector focus
- Artificial Intelligence (AI)
- Financial Services
- FinTech
- Venture Capital
Investment portfolio
- Maggu
Participated · Seed · Mar 2026
Maggu AI has built a real-time decision-support platform that taps a knowledge base of 1.6 million pharmacy products to guide counter attendants during customer interactions. The system embeds directly into pharmacy management software, supplying instant dosage, usage, and contraindication information that most non-pharmacist attendants cannot recall on their own. Over the past year the company’s client base grew about twenty-fold and its technology is now deployed in roughly 17,500 pharmacies, with 2,200 stores actively using the tool and the remainder in technical rollout. Management aims to accelerate onboarding from 500 to 2,000 new pharmacies per month by year-end and targets nearly 30,000 active locations by 2027, equal to 30 % of Brazil’s pharmacy retail market. Early traction has been strongest with small and midsize pharmacies, and the team is now in advanced talks with major national chains expected to close within 30–60 days. Looking forward, Maggu plans to raise a Series A later this year, continue enhancing its AI capabilities, and pursue Latin-American expansion beginning with a pilot in Mexico as early as late 2025. The founding team previously built and exited multiple startups, a track record that has helped secure customers and investor confidence.
- Data4Sales
Participated · Seed · Apr 2024
Data4Sales provides a predictive marketing platform that processes transactional information and combines automation with customer and company data to deliver actionable marketing insights. The company serves retailers and brands, with clients including Sally Beauty, Belcorp, Steve Madden, Columbia, Under Armour, Arcor, and La Polar. Founded by Joaquin Sosa Porteiro and Alexandre Chaves in 2001 and headquartered in Montevideo, the startup operates across multiple Latin American markets. It currently operates in seven Latin American countries and plans to use new funding to expand into Brazil and to strengthen its presence in three of its existing markets. Data4Sales closed a $2.3 million seed round in April 2024 to support that expansion and product scaling. The platform is positioned to deepen market penetration in the region using the raised capital.
- Lynkos
Participated · Seed · Mar 2017
Lynkos is a business networking platform that helps companies manage and grow international sales by supporting every step of the funnel — from networking and proposal submission to securing projects, payments, and post-sale relationship management. The platform includes enterprise-focused social features such as news feeds and connections, an integrated CRM, proposal review/approval workflows, and mobile apps on iOS and Android. After users set up profiles, Lynkos uses algorithms to match them with appropriate companies and lets buyers place requests; the system scans millions of businesses and delivers quotes from qualified suppliers. Feature set also includes lead generation, visibility/ranking improvements, company lists export and third-party integrations, and task assignment and review tools for client management. The company reports usage across 224 countries and 900+ industries and has formed an Advisory Board that includes Gabriel Colla and Eduardo Mangarelli. Federico Cella is Founder and CEO.
Team
No current team members are available.