Latin American venture, seen from London.
A research platform on Latin American venture — capital flows, sector theses, and deal analysis — written from London for investors who need to understand the region beyond the headlines.
Built by Raimundo García-Huidobro · LBS MBA 2028 · Venture Advisor, Onwards VC
The desk
11 modules, built in the open.The Thesis
Where the capital is, why the 2021 cycle still matters, and why a London investor should look at the region now.
Explore →Investment Memos
Thesis-driven sector memos: valuation regime, market map, seed-to-Series A pipeline, exit comps, diligence questions.
Explore →Deal Database
Latin American funding rounds, exits and fund closes from September 2026 onward, logged by hand each week and by the digest each morning.
Explore →Daily Digest
Every morning at 09:00 London: the venture, fintech and markets newsletters of the last 24 hours, condensed, Latin America first. Mondays add a weekly review.
Explore →Monthly Report
On the first of each month: the trends in the month's digests and deals — capital by country and vertical, what moved, and who joins the watchlist.
Explore →Watchlist
Companies tracked as investment candidates across the region, with a one-line thesis and current status, plus the monthly report's suggestions.
Explore →Diligence Framework
An early-stage scorecard built for LatAm: currency mismatch, regulatory exposure, exit path, cap table quality.
Explore →Models & Tools
Fund economics and carry waterfall, cap table and dilution, seed back-of-the-envelope, LBO, DCF — downloadable and interactive.
Explore →Country & Sector Intelligence
Ecosystem size, active funds, regulation, historical exits and a point of view — country by country, vertical by vertical.
Explore →Knowledge Base
Curated reports, newsletters, podcasts, books and a VC/PE/IB glossary with notes on where LatAm usage differs.
Explore →Learning Log
Short notes, learning in public: an elective, a paper, a conversation with a GP, a number that changed my mind.
Explore →Latin American venture is usually discussed in headlines. What is missing is a map.
Capital in the region is consolidating toward a small number of established managers; new unicorn creation has slowed sharply since 2021; and Brazil and Mexico now account for the large majority of dollars deployed. That is the terrain any investor has to understand before the first pitch deck.
European capital looks at the region with curiosity and without that map. This site is an attempt to draw it — sector by sector, deal by deal — from a desk in London, by someone who grew up inside a Latin American operating business and spent his twenties in European capital markets.
Everything here is written to be judged later. Each memo carries its date and its sources. If a thesis ages badly, it stays up.
- Deals logged
- 73
- Capital tracked
- $1779M
- Memos
- 0 / 3
- Log entries
- 1
Tractian's US$130m Series D at a US$1.4bn valuation makes it the region's most valuable AI company, days before Brazil's presidential runoff puts the real in play. Elsewhere, major US banks are locking third-party AI agents out of customer accounts, OpenAI is closing in on a US$30bn round at a US$1.25tn pre-money valuation, and Credicorp's inclusion index puts Chile ahead of the region in moving away from cash.
- Why a desk, not a blog6 Sept 2026