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The Venture Codex

iThink VC

Dr. Maciel y Nuestra Señora del Carmen Dúplex 3, Asuncion, Central, Paraguay

Overview

iThink VC is investing in exceptional entrepreneurs who are solving our region's structural challenges through technology.

Total investments
4
Lead investments
2
Investments · 12mo
1
Active investors
0
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Investment portfolio

  • ReForest Latam

    Led · Seed · Apr 2026

    Founded in 2023 in Tucumán, Argentina, Re-Forest Latam develops hydro-soluble biotechnological 'iSeeds' treated with beneficial microorganisms and disperses them via autonomous drones, supported by satellite imagery and AI to select species and monitor projects. The company reports reductions in implementation time of up to 95% and cost per hectare reductions of up to 75% versus traditional reforestation methods. Its commercial B2B model targets companies with environmental liabilities, landowners and governments, and by the time of the recent round it had 14 active projects across Argentina, Brazil and Bolivia and operations in four countries. Re-Forest Latam received B Corp certification in 2024 and its founders invested personal capital while operating without salary for 28 months to validate the model. The startup projects formal full-scale commercial operations beginning in Q1 2027 with an estimated first-year revenue of US$1,000,000. The company closed a US$1.05M pre-seed round to fund technology development, large-scale pilots, team growth and international go-to-market efforts.

  • Kilimo

    Participated · Series A · Jun 2024

    Kilimo uses ~100,000 ground soil samples across 45 crop types to calibrate satellite imagery and remotely monitor soil moisture at the field level. The company provides farmers advisory services on irrigation and charges a fee for that service. When farmers successfully cut water use Kilimo sells the surplus water to companies in the same watershed and shares proceeds with the farmers; farmers typically net 20–40% more than they paid Kilimo. All savings and transfers are verified by third parties using the Volumetric Water Benefit Accounting standard. Kilimo has operated for about a decade and currently works across South America (it is based in Argentina) and in Mexico, with plans to expand into the Southwestern United States and Europe. It has partnerships or engagements with Microsoft, Intel and Coca-Cola as part of its corporate customers and collaborators. Kilimo develops a platform that helps producers manage irrigation by combining meteorological, satellite and field data with Big Data analytics to optimize water use and crop yields. The company says its solution can improve crop yields by up to 30% and increase water-use efficiency by up to 70%. Kilimo is also building a "water replenishment" or compensation system that links farmers using the technology with corporations seeking to achieve water-neutral goals. That system is currently applied in Mexico and Chile, and Kilimo operates in Argentina, Chile, Peru and Mexico with clients in Uruguay, Guatemala and Brazil. The startup plans to expand the compensation program to other regional markets with technified irrigation and high-value crops. Kilimo estimated that by the end of 2022 it will have saved about 50 billion liters of water, equivalent to six months of human consumption for a population of more than three million people.

  • Price Lab

    Led · Seed · Jan 2024

    Price Lab is a Lima-based startup that combines artificial intelligence with electronic shelf-label (ESL) technology to enable real-time price updates for retailers. Its ESL hardware replaces paper labels and allows price adjustments in as little as 15 seconds. The company’s AI tools aim to optimize pricing and improve sales visibility; Price Lab reports retailers using its system see at least a 6% increase in sales and reduced operating costs and time spent on pricing. Price Lab positions its solution for Latin America’s large, fragmented retail market, which it cites as comprising over 12.5 million physical stores and 710,000 e-commerce entities. The startup plans to expand across LATAM, with Mexico as a near-term target, and will use funding to grow its development team, refine its AI software, and strengthen commercial operations. CEO Vania Rivero frames the product as addressing inefficiencies in traditional retail pricing and improving consumer outcomes.

  • Moova

    Participated · Equity · Jun 2022

    Moova operates a last‑mile delivery SaaS that optimizes costs, routes and kilometers while converting idle capacity of delivery vehicles into low‑cost same‑day deliveries. The company also offers end‑to‑end delivery services through its own couriers, called Moovers, and licenses its platform to logistics providers. Moova’s platform targets efficiency gains for logistics suppliers that would otherwise face high costs to develop similar systems. The company is already present in eight countries and plans to expand further across Latin America and enter the U.S. market. With the new funding, Moova intends to scale its SaaS model, continue consolidating as a regional technology leader in logistics and open new markets and delivery hubs in Mexico and Colombia. Antonio Migliore, founder and CEO, framed the company’s goal as expanding mobility that is accessible, safe and sustainable.

Team

No current team members are available.