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 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.

Tumi Robotics

Non Equity Assistance in 2021
Tumi Robotics, established in 2016 and headquartered in San Miguel, Lima, Peru, specializes in providing inspection and monitoring solutions for challenging access areas and capital-intensive infrastructure. The company develops robotics and AI systems designed to assist industries such as tunneling, water management, industrial facilities, and underground mining. By focusing on hard-to-reach locations, Tumi Robotics enables its clients to enhance safety and protect their personnel, environment, and valuable assets.

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.

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.

Queestudiar

Pre Seed Round in 2019
Queestudiar is an educational platform based in La Molina, Peru, that specializes in career counseling services for students. The company offers guidance through seminars and workshops in schools and colleges, helping students to identify suitable career paths based on their skills and interests. By connecting students with vocation specialists, Queestudiar enables them to explore various educational options, understand the benefits of each, and align their choices with their personal goals. The company's mission is to empower students to become passionate professionals who can make a meaningful impact in their chosen industries.

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.
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