Utec Ventures

UTEC Ventures is an accelerator and venture capital firm based in Lima, Peru, established in 2014 as the accelerator arm of the University of Engineering and Technology (UTEC). The firm focuses on early-stage investments, targeting visionary founders in various sectors, including fintech, insurtech, health, wellness, biotech, retail, e-commerce, real estate, transportation, information technology, industrial, human resources, and ed-tech. UTEC Ventures provides initial funding through its acceleration program, typically offering investments of $25,000 for a 2.5% ownership stake in startups. The firm primarily invests in North America and prefers companies with an enterprise value ranging from $0.5 million to $1 million.

Jose Deustua

Managing Director

44 past transactions

Viajamás

Pre Seed Round in 2024
We are the first online platform for the global sale and distribution of Spanish-speaking multi-day tours. We connect +150 tour operators and DMC with Travel Agencies, OTAS, Airlines, Tourism SAAS

Hapi

Seed Round in 2022
Hapi is a stock trading app tailored for consumers in Latin America, offering a platform that aims to democratize access to the stock market. It allows users to register quickly, transfer funds for investment, and trade stocks and exchange-traded funds (ETFs) in real-time without incurring any commissions or minimum investment requirements. In addition to traditional stock trading, Hapi has expanded its services to include the ability to buy, hold, and sell cryptocurrencies. With a focus on simplicity and ease of use, Hapi seeks to empower individuals to manage their investments and track their returns effectively.

Cuentología

Non Equity Assistance in 2021
Cuentología helps children overcome today's everyday challenges. It was founded in 2020.

Tumi Robotics

Non Equity Assistance in 2021
Tumi Robotics provides inspection and monitoring solutions for areas of difficult access and intensive capital infrastructure that protects the people, environment, and the assets of its clients. It was established in 2016 and is headquartered in San Miguel, Lima, Peru.

Voy Contigo

Non Equity Assistance in 2021
Voy Contigo is a software company that offers free mobile apps for women's safety and community.

&Her

Non Equity Assistance in 2021
&Her is a clothing brand with a mission to create an alternative to mass fashion production through the power of AI.

Limalinen

Non Equity Assistance in 2021
LIMALINEN is a manufacturer based in Lima, Peru, specializing in cotton bedding designed to enhance sleep quality. The company offers a range of products including sheets, duvet covers, bedspreads, and mattress protectors. By replacing traditional blankets and duvets with their innovative down alternatives and pillowcases, LIMALINEN aims to provide bedding solutions that are suitable for year-round use. This approach encourages consumers to streamline their bedding collections, ultimately promoting better sleep while reducing unnecessary accumulation of items.

Postea

Non Equity Assistance in 2021
Postea is an artificial intelligence-based grammar checker designed to help users simplify the planning and creation of content.

Talently

Seed Round in 2021
Talently offers an intensive program that helps software developers get a better job in the technology industry, anywhere in the world. It is the accelerator of the careers of Latin American tech talent.

Dyfferent

Seed Round in 2021
Dyfferent is a food and beverage company based in Lima, Peru, founded in 2019. The company specializes in manufacturing healthy snacks that are free from gluten and artificial ingredients, aiming to transform traditional snack options into nutritious choices. Dyfferent's products are available through various retail channels, including supermarkets, convenience stores, and specialty stores, as well as through online shopping with shipping services. The company's mission is to promote healthy eating and living by providing convenient snack options for consumers on-the-go.

Manzana Verde

Seed Round in 2020
Manzana Verde is a meal delivery service that focuses on providing balanced and nutritious meals tailored to individual health goals. Operating in Piura, Lima, and Mexico City, the company offers a monthly subscription platform that combines meal delivery with nutritional advice. The meals are designed to meet essential dietary requirements, incorporating the necessary calories, carbohydrates, fats, and proteins to support a healthy lifestyle. By offering a variety of nutritious food options, Manzana Verde aims to help consumers achieve their health objectives and maintain overall wellness.

MyPay

Non Equity Assistance in 2020
MyPay developed to improve the shopping experience inside stores in order to avoid waiting lines and contact with third parties.

Kaiku

Non Equity Assistance in 2020
Kaiku is an early stage funding platform for first time venture funds. We work with 300+ VCs in 50 countries using the Kaiku platform to gather feedback on investor preferences and use AI to improve the quality of their leads.

Terapygo

Non Equity Assistance in 2020
TerapyGo is an online platform designed to facilitate connections between users and psychologists, focusing on mental and emotional well-being. The service utilizes artificial intelligence and a freemium model to offer specialized online support, allowing accredited professionals to assist individuals in managing stress and improving their mental health. Through this platform, users can easily search for therapists and access resources tailored to their needs, promoting a more accessible approach to mental health care.

Betriax

Non Equity Assistance in 2020
Betriax is a fintech company that operates a web-based foreign exchange platform, allowing businesses to exchange currencies directly with one another. The platform enhances transparency and efficiency by facilitating price discovery and agreement on exchange rates without the need for intermediaries. Betriax offers different models tailored for unbanked, underserved, and banked individuals and businesses. Its 100% banked model enables companies to exchange US Dollars and local currencies at optimal rates. Additionally, the company promotes a Banking-as-a-Service (BaaS) model that encourages banks to enhance liquidity in a competitive environment, aiming to minimize losses for agents in the foreign exchange market.

EQUIP

Non Equity Assistance in 2020
In the region, SMB construction companies, which represent 90% of the market buy supplies manually at local hardware stores or retailers at high markup prices, which affects access to housing in LatAm. EQUIP’s platform offers a more efficient and cost-effective alternative, allowing construction companies to buy all the materials they need, get the delivery and credit, all in one place. Our founding team has strong tech and construction backgrounds. Our investors include Pareto VC, Unpopular VC, GG Capital and angels from Rappi, Mercado Libre, and Amazon.

CBN

Non Equity Assistance in 2020
CBN Technologies is a software-as-a-service (SaaS) platform focused on enhancing the strategic management of suppliers and purchasing within business networks. It offers cloud-based solutions that streamline business operations by creating efficiencies and improving traceability in information exchange between buyers and sellers. This enables companies to simplify and automate their buying and selling processes, ultimately enhancing operational fluidity.

Trendify

Non Equity Assistance in 2020
Trendify operates an online marketplace focused on the buying and selling of secondhand fashion. The platform allows users to refresh their wardrobes with a wide range of clothing items, including shoes, bikinis, blazers, shirts, jeans, and shorts, primarily targeting girls and women. By eliminating intermediaries, Trendify creates a direct connection between buyers and sellers, promoting sustainable fashion practices while making fashionable wear more accessible.

Fitia

Non Equity Assistance in 2020
Fitia is a smart dieting app designed to improve individuals' eating habits by providing a comprehensive nutrition solution that replaces traditional nutritionists. The application features an automated meal planner that offers customized weight loss and muscle gain plans tailored to users' specific needs. Additionally, Fitia provides a variety of food recipes, a calorie counter, and personalized suggestions, along with advanced calorie tracking technologies. This enables users to effectively meet their calorie and macronutrient requirements through a structured meal plan.

MedLink.la

Non Equity Assistance in 2020
Digital Healthcare Ecosystem - Latam's Healthcare SuperApp

AgenteBTC

Non Equity Assistance in 2020
AgenteBTC is an online platform that facilitates the buying and selling of cryptocurrencies, offering users access to various crypto assets along with competitive returns and lower remittance rates. Founded in September 2019 by Victor Egoavil, the company has raised $250,000 in Pre-Seed funding from a U.S. investor. With over 10,000 users, AgenteBTC processed $5.8 million in transaction volume in 2022, primarily through organic marketing strategies. The platform features over 12,000 physical cash-in points and supports local payment methods, ensuring a user-friendly experience across different territories. In 2023, AgenteBTC expanded its services internationally, entering the Honduran market as its second operational territory.

Alfi

Non Equity Assistance in 2020
Alfi is a platform aimed at enhancing financial literacy by connecting users with financial services and products through financial intermediaries. Established in 2019, the company serves various stakeholders, including governments, citizens, and financial institutions. Alfi employs gamification and machine learning to offer engaging, free services that help users develop informed financial decision-making skills for better present and future welfare. The platform's application leverages artificial intelligence to categorize users based on their financial profiles and preferences, promoting competition among users to enhance learning. As of now, Alfi has attracted 150,000 registered users and aspires to be recognized as a leader in promoting financial education and inclusion across the Americas, Africa, and Asia by 2023.

Aimo

Non Equity Assistance in 2020
Aimo helps local businesses in Latam to take and operate online orders. We created a simple tool that allow business to sell online, manage inventory and automatize logistics. Our technology give business an omnichannel order system that leverages physical stores or urban warehouses to do fast On demand delivery reducing costs.

Proximity

Non Equity Assistance in 2020
Proximity is a company focused on digital transformation, utilizing immersive technologies to enhance learning and engagement. It operates a digital transformation platform that delivers content for e-learning and gaming, providing clients with tools for effective training and experiences. The platform includes features such as immersive training modules, videos, and virtual tours, all designed to facilitate an efficient learning process for the workforce. Through its innovative approach, Proximity aims to transform how organizations educate and engage their employees.

Hapi

Non Equity Assistance in 2020
Hapi is a stock trading app tailored for consumers in Latin America, offering a platform that aims to democratize access to the stock market. It allows users to register quickly, transfer funds for investment, and trade stocks and exchange-traded funds (ETFs) in real-time without incurring any commissions or minimum investment requirements. In addition to traditional stock trading, Hapi has expanded its services to include the ability to buy, hold, and sell cryptocurrencies. With a focus on simplicity and ease of use, Hapi seeks to empower individuals to manage their investments and track their returns effectively.

Tappoyo Fintech

Non Equity Assistance in 2020
TAPPOYO es una #FintechConImpactoSocial. Hoy en Perú y pronto en Colombia y Ecuador, mediante un modelo físico digital de una "comunidad de mujeres que ayudan a mujeres", otorgamos préstamos grupales: inclusivos, rápidos y de precio justo a emprendedoras sin experiencia crediticia. Resultados de impacto: Para el 55% de nuestros clientes fuimos su primera experiencia crediticia. 35% de estas población logró iniciar un negocio con el capital prestado. Reducimos en más de 800% los intereses usureros que pagaban las emprendedoras a los prestamistas informales. Hoy tenemos una tasa de default de 0%

Regenera Perú

Non Equity Assistance in 2020
Regenera Perú is an environmental conservation organization that focuses on protecting and regeneration of nature.

ZimpleMath

Non Equity Assistance in 2020
Math brain games to rewire your brain. In Adults it slows down brain aging. In 13+ year old students improves understanding of mathematics.

Tranzfer.me

Non Equity Assistance in 2020
Tranzfer.me is a pioneering money transfer platform based in Peru that facilitates international money transfers without the need for physical cash to cross borders. By utilizing local bank transfers, funds can be sent to recipients' bank accounts within minutes, offering a quick and efficient alternative to traditional agencies. The platform is designed to provide users with an economical and straightforward way to send, receive, and exchange money overseas, making it accessible to families and friends across different countries. Currently, Tranzfer.me operates in Peru, Brazil, the United States, Canada, and parts of Europe, with plans to expand its services throughout Latin America, thereby enhancing global payment accessibility for its users.

uDocz

Pre Seed Round in 2019
uDocz is the largest learning platform in Latin America, catering specifically to university and college students. It operates a document-sharing platform that enables users to access and share a variety of educational resources, including class notes, presentations, and study guides. The platform allows students and professionals to collaborate and learn together by providing an efficient search capability for a wide array of documents, such as books, theses, publications, and academic tasks. This resource facilitates a supportive learning environment for users, enhancing their educational experience.

Canduit

Pre Seed Round in 2019
Canduit, Inc. is a software-as-a-service company based in McLean, Virginia, that facilitates project-based learning for college students. Founded in 2017, the company operates a marketplace that connects students with company-sponsored projects, allowing them to gain valuable real-world experience. Through its platform, students can showcase their work samples to access interviews, scholarships, and other rewards, while companies benefit by collecting innovative ideas and enhancing their brand presence on college campuses. Additionally, Canduit provides mentorship and educational opportunities, helping to bridge the gap between academic learning and career readiness.

Coderhouse

Pre Seed Round in 2019
Coderhouse is an online education platform based in Buenos Aires, Argentina, specializing in live courses focused on programming, design, data, and marketing. Established in 2019, it provides a structured learning experience where students complete assignments that are reviewed by mentors and culminate in a final project. The platform emphasizes practical skills and personal development, offering face-to-face interaction in its courses. Additionally, Coderhouse supports students in their career advancement through services like mock interviews, enhancing their readiness for the job market.

Qimi

Non Equity Assistance in 2019
Qimi is a digital platform that provides cloud-based maintenance management solutions for companies. It focuses on enhancing the management of assets and maintenance programs by offering a user-friendly interface that is quick to implement. The platform enables maintenance teams to gather and visualize quality operational data efficiently, which aids in planning and monitoring maintenance tasks. By securely managing information and resources from any device, Qimi empowers organizations to improve equipment productivity and make informed decisions, ultimately helping to reduce maintenance costs.

MonkeyFit

Non Equity Assistance in 2019
MonkeyFit is a fitness platform based in Lima, Peru, founded in 2018, that allows users to access a variety of training centers and fitness services through a single subscription model known as the MonkeyFit Pass. The platform offers personalized classes and a wide range of fitness options, including live sessions, active breaks, food recipes, and mindfulness resources, all provided by local personal training centers and gyms. With additional offices in Arequipa, Cajamarca, Piura, and Trujillo, MonkeyFit enables individuals to easily book and schedule their fitness sessions, promoting convenience and accessibility in maintaining health and wellness.

Manzana Verde

Non Equity Assistance in 2019
Manzana Verde is a meal delivery service that focuses on providing balanced and nutritious meals tailored to individual health goals. Operating in Piura, Lima, and Mexico City, the company offers a monthly subscription platform that combines meal delivery with nutritional advice. The meals are designed to meet essential dietary requirements, incorporating the necessary calories, carbohydrates, fats, and proteins to support a healthy lifestyle. By offering a variety of nutritious food options, Manzana Verde aims to help consumers achieve their health objectives and maintain overall wellness.

Oszada Boutique

Seed Round in 2019
Oszada Boutique is a platform that offers clothes on a rental basis for every occasion.

tuGerente

Pre Seed Round in 2018
tuGerente is a business and financial platform tailored for small and medium-sized enterprises (SMEs) in Latin America. The platform is designed to simplify the management of daily operations and finances, enabling users to efficiently log purchases, expenses, and sales. By centralizing decentralized data, tuGerente addresses the primary needs of SMEs while integrating information from various solutions. It also offers tools for managing sales, customers, inventories, and finances, allowing businesses to streamline processes and improve workflow. With its user-friendly and affordable interface, tuGerente aims to support the growth and operational efficiency of SMEs in the region.

Riqra

Angel Round in 2017
Riqra is a sales platform that supports manufacturers and distributors in launching and managing B2B and D2C eCommerce solutions. The platform provides an eCommerce app and a WhatsApp sales bot, facilitating streamlined sales processes. Additionally, Riqra includes productivity applications for pre-sales representatives and last-mile delivery services. It features native integrations with various payment gateways, route optimization tools, and delivery companies. By offering a product catalog and a filtering system, Riqra enables food retailers, including wineries and restaurants, to operate effectively without the need for inventory management or warehousing.

Nanda Perú

Pre Seed Round in 2016
Nanda Perú is an online platform that offers beauty services including facials, manicures, massages, waxing, hair treatments, and more.

Mesa 24/7

Pre Seed Round in 2016
Mesa 24/7 they created with the purpose of improving the restaurant reservation system. They give easiest and fastest way to book online at the restaurants.

Fitco

Pre Seed Round in 2016
Fitco is a software company that specializes in management and retention solutions for fitness boutiques and sports centers. Its platform provides comprehensive administration tools that enable fitness centers to manage sales and monitor customer interactions effectively. By leveraging technology, Fitco helps these businesses streamline their operations, enhance efficiency, and foster community building among users. The company aims to support fitness centers in their growth by improving customer engagement and attracting new clients.
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