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.

José Deustua

Managing Director

Past deals in Peru

Limalinen

Non Equity Assistance in 2021
Limalinen is a manufacturer of cotton bedding based in Lima, Peru, dedicated to enhancing sleep quality by offering a range of innovative products. The company's offerings include sheets, duvet covers, bedspreads, and mattress protectors, all designed to be used throughout the year. By replacing traditional blankets and duvets with down alternatives and pillowcases, Limalinen aims to simplify bedding choices for consumers, encouraging them to reduce clutter and optimize their spending on sleep essentials.

Tumi Robotics

Non Equity Assistance in 2021
Tumi Robotics, established in 2016 and headquartered in San Miguel, Lima, Peru, specializes in inspection and monitoring solutions that cater to challenging access areas and capital-intensive infrastructure. The company develops advanced robotics and AI systems designed for applications in environments such as tunnels, ducts, water bodies, industrial plants, and underground mining. By providing these innovative solutions, Tumi Robotics enables its clients to safeguard their personnel, the surrounding environment, and their valuable assets.

Dyfferent

Seed Round in 2021
Dyfferent is a food and beverage company based in Lima, Peru, specializing in the manufacture of healthy snacks. Founded in 2019, the company focuses on delivering natural snack options that are free from gluten and artificial ingredients, catering to health-conscious consumers. Dyfferent's products are available through various retail channels, including supermarkets, convenience stores, and specialty stores, as well as through an online shopping platform that provides shipping services. By promoting healthy eating and living, Dyfferent aims to offer convenient, nutritious snacks that support a balanced lifestyle.

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 physical movement of cash across borders. By leveraging local bank transfers, the platform allows users to send money to recipients' bank accounts quickly, often within minutes. Tranzfer.me aims to simplify the process of sending and receiving funds internationally, providing an economical solution for users in Peru, Brazil, the United States, Canada, and Europe. The company plans to expand its services throughout Latin America, offering a mobile app and a network of agents to enhance accessibility for users, thereby enabling seamless global payments and transfers for family and friends.

Queestudiar.la

Pre Seed Round in 2019
Queestudiar is a career counseling service based in La Molina, Peru, focused on guiding students in their vocational and educational choices. The company offers a range of services, including seminars and workshops in schools and colleges, aimed at helping students identify their strengths and interests. Through its educational platform, Queestudiar connects students with vocational specialists who assist them in exploring various career paths, enhancing their understanding of different fields, and aligning their studies with personal goals. By fostering informed decision-making, Queestudiar aims to empower students to become passionate professionals who can make a significant impact in their chosen industries.

MonkeyFit

Non Equity Assistance in 2019
MonkeyFit is a fitness platform founded in 2018 and headquartered in Lima, Peru, with additional offices in Arequipa, Cajamarca, Piura, and Trujillo. The company offers a monthly subscription service, known as the MonkeyFit Pass, which grants users access to a variety of personalized training sessions and services at leading gyms and personal training centers across different cities. Users can book a range of fitness experiences, including live classes, active breaks, food recipes, and mindfulness audios, catering to diverse health and wellness needs. By consolidating access to multiple fitness options under a single membership, MonkeyFit aims to promote a more flexible and accessible approach to maintaining fitness and good health.
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