EWA Capital

EWA Capital, formerly known as Mountain Nazca Colombia, is a management company based in Bogotá, Colombia, that focuses on investing in early-stage technology companies with disruptive and scalable business models. Founded in 2019, EWA Capital seeks to back entrepreneurs who have developed a minimum viable product and demonstrated market fit, while maintaining sustainable unit economics and a growing customer base. The company adopts a hands-on approach to value creation, leveraging the collective experience of its team, which includes former institutional investors and entrepreneurs. EWA Capital is particularly dedicated to supporting businesses that aim to close the gender gap and drive social change, while also targeting high returns for its investments.

Paula Arango

Principal

Jaime Bastidas

Principal

Pablo González del Corral

Operating Partner

Victor Muñoz

Investment Committee Member and Operating Partner

Claudia Salazar Orozco

Principal

Melissa Sesana

Operating Partner

16 past transactions

Samay

Non Equity Assistance in 2024
Samay is a developer of an innovative AI-enabled wearable device focused on remote respiratory health management. The company addresses the growing need for effective chronic obstructive pulmonary disease (COPD) diagnostics and management, projected to incur significant healthcare costs in the coming years. Their patented chest patches provide passive monitoring of lung function, achieving 90% accuracy in COPD diagnosis and 83% accuracy in detecting exacerbation biomarkers. The device continuously tracks vital respiratory metrics, including pulmonary volumes, heart rates, and breathing sounds for two weeks, offering users valuable insights to optimize their respiratory health. Additionally, Samay is creating an AI-assisted management platform that supports patients and healthcare providers throughout the care continuum, enhancing personalized care from the comfort of home.

Mekan

Seed Round in 2024
Mekan operates an online platform focused on transforming the automotive aftermarket in Latin America. The company provides a marketplace that connects automotive repair shops with essential resources for all vehicle brands. Mekan ensures efficient procurement at competitive prices and offers rapid delivery, enabling mechanical workshops to access spare parts quickly and reliably.

Bia Energy

Series A in 2023
Bia Energy is focused on providing sustainable and affordable energy solutions to small and medium-sized enterprises (SMEs) and households in Latin America. The company has developed a virtual energy marketing platform that emphasizes efficient energy consumption and optimization. This platform tracks energy usage and offers automatic recommendations for monthly savings, enabling users to reduce costs while adopting sustainable practices. Through its consumer-centric and data-driven approach, Bia Energy aims to empower its customers by enhancing their energy management capabilities and promoting environmentally friendly energy consumption.

BeeReaders

Seed Round in 2023
BeeReaders is an innovative edtech company focused on improving English language learning for K-12 Spanish-speaking students. The company has developed a digital reading platform that fosters foundational literacy skills through personalized learning experiences and authentic Spanish content. This platform features an español placement test and a proprietary leveling system, ensuring that the content is culturally relevant and tailored to each student's needs. Additionally, BeeReaders offers a supplemental program that supports hybrid instruction, allowing students to monitor their progress and advance their skills in a game-like learning environment. By redefining the learning experience, BeeReaders aims to enhance academic success for its target demographic.

Tpaga

Series A in 2022
Tpaga is a mobile wallet service aimed at unbanked consumers in Latin America, specifically operating in Colombia and Mexico. With over 50% of the population lacking credit cards or bank accounts, Tpaga leverages the widespread use of mobile phones to provide financial access. Users can deposit cash at a network of approximately 4,000 kiosks and utilize those funds to pay for utility bills, top up mobile phones, and make purchases at supermarkets and gas stations. Notably, Tpaga has pioneered the ability for consumers to pay for groceries without a bank account and enables unbanked merchants to accept payments without needing traditional point-of-sale systems. Additionally, the company offers a Fintech-as-a-Service platform that provides banking APIs and white-label mobile wallets to banks, fintechs, telecommunications companies, and retailers, facilitating various digital transactions for users.

Sempli

Venture Round in 2021
Sempli operates an online lending platform in Colombia, designed specifically for small and medium-sized businesses (SMBs). The company aims to streamline access to capital for these enterprises by leveraging technology and data-driven insights. Through its digital banking services, Sempli facilitates efficient and convenient financing solutions, empowering SMBs to grow and create value.

1DOC3

Seed Round in 2021
1DOC3 is an e-health platform dedicated to connecting Spanish-speaking individuals with licensed doctors to address their health-related queries. By facilitating personalized interactions, users can receive expert answers to their health questions through various mediums, including web, mobile applications, SMS, and USSD, ensuring accessibility even in areas with limited internet connectivity. The platform not only empowers patients to resolve their health concerns but also enables doctors to enhance their online reputation, attract new patients, and contribute to a comprehensive database of health-related questions and answers in Spanish. This approach helps users maintain their well-being while supporting companies in promoting a healthier workforce.

1DOC3

Venture Round in 2019
1DOC3 is an e-health platform dedicated to connecting Spanish-speaking individuals with licensed doctors to address their health-related queries. By facilitating personalized interactions, users can receive expert answers to their health questions through various mediums, including web, mobile applications, SMS, and USSD, ensuring accessibility even in areas with limited internet connectivity. The platform not only empowers patients to resolve their health concerns but also enables doctors to enhance their online reputation, attract new patients, and contribute to a comprehensive database of health-related questions and answers in Spanish. This approach helps users maintain their well-being while supporting companies in promoting a healthier workforce.

EPICA

Seed Round in 2019
EPICA is a technology venture that focuses on providing businesses with enhanced decision-making capabilities through the analysis of audience behavior patterns. The company has developed an artificial intelligence prediction platform that processes large-scale big data, enabling real-time tracking and analysis of consumer behavior. By integrating online and offline data, EPICA offers unprecedented granularity and multi-dimensional relevance in understanding consumer journeys. This allows clients to make informed decisions based on the insights derived from the data, ultimately facilitating the management of personalized and segmented audiences to help them achieve their business objectives.

GOCARGO PLATAFORMA S.A.S.

Pre Seed Round in 2018
GOCARGO is a web-based platform focused on enhancing the land cargo transportation sector in Colombia. It serves as a network connecting truck drivers and freight forwarding companies, promoting more efficient operations within the industry. The platform aims to improve the financing of transportation trips by providing support to logistics companies without considering their credit history. This approach helps streamline the financial processes for transportation firms, ultimately contributing to a more effective and reliable cargo transportation ecosystem in the region.

1DOC3

Seed Round in 2017
1DOC3 is an e-health platform dedicated to connecting Spanish-speaking individuals with licensed doctors to address their health-related queries. By facilitating personalized interactions, users can receive expert answers to their health questions through various mediums, including web, mobile applications, SMS, and USSD, ensuring accessibility even in areas with limited internet connectivity. The platform not only empowers patients to resolve their health concerns but also enables doctors to enhance their online reputation, attract new patients, and contribute to a comprehensive database of health-related questions and answers in Spanish. This approach helps users maintain their well-being while supporting companies in promoting a healthier workforce.

ESCALA EDUCACION

Seed Round in 2017
ESCALA EDUCACION S.A.S is a social enterprise based in Medellin, Colombia, founded in 2015. The company focuses on promoting access to higher education and financial inclusion by offering innovative savings plans to employees of its business partners. These plans allow employees to save for their own education or for their children's education through payroll deductions. ESCALA EDUCACION enhances these savings with company matching funds and provides additional benefits such as tuition discounts, scholarships, and career counseling. By partnering with various companies, ESCALA serves as their primary educational benefits provider, making higher education more accessible and affordable for employees.

Human

Seed Round in 2017
Human Inc., established in 2015 and headquartered in Seattle, Washington, specializes in manufacturing earphones.

Merqueo

Seed Round in 2016
Merqueo is a Colombian company founded in 2017 that specializes in the delivery of groceries and home essentials through its own dark-store infrastructure. Headquartered in Bogotá, it offers a selection of 2,000 to 10,000 products, including fresh fruits and vegetables, frozen foods, dairy products, household items, personal care products, and pharmaceuticals. Customers can conveniently order these items via the company's website and mobile application, with a focus on providing reasonable prices and reliable home delivery services.

Platzi

Seed Round in 2015
Platzi Inc. is an online education platform that specializes in providing live and recorded classes focused on design, marketing, programming, and business. Founded in 2010 and headquartered in San Francisco, California, the company aims to facilitate lifelong learning by offering courses that teach in-demand skills to over 80,000 students worldwide. Platzi's curriculum includes application and web development, online marketing, interface design, and server administration, among others. The platform promotes real-time collaboration among students and industry professionals, enhancing the learning experience. Classes are conducted in Spanish, English, and Portuguese, utilizing video and interactive lessons to teach practical skills. With a strong emphasis on completion rates and student engagement, Platzi strives to prepare its users for the evolving demands of the tech industry.
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