Guatemala

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Originally from Guatemala, Ariel Corzantes is a full-stack developer based in Valencia, Spain. In October 2014, he joined the co-founding team to build an e-commerce platform for trading pre-loved bikes and accessories. However, he left Tuvalum in January 2015, just before its official launch. Corzantes was the CTO for four months, making significant contributions to the technological development of Tuvalum’s platform. He went on to work for another company K2A Soft and is now studying industrial product design at EASD in Valencia.

IDC Ventures is the VC arm of Grupo IDC, a Latin American investment bank. The fund was created in 2019 by corporate executives, entrepreneurs and investors from Latin America, focused on pre-Series A to Series B rounds. Headquartered in Madrid with offices in Copenhagen and Guatemala, the company acts as an international VC working with tech companies to accelerate expansion across LatAm markets. Sectors of interest include fintech, on-demand transportation, digital tools for small and large retailers, and commercialization platforms for robotics.

Founded in 2015 in Guatemala City, the Invariantes Fund invests in technology startups based in the US and Latin America, across different market segments. It is the only VC based in Guatamala, and bills itself as the country’s first early-stage VC firm. As of June 2021, its portfolio includes 24 startups. Invariantes’ most recent investments include participation in the $21m Series A round of US edtech player Reforge, as well in the $130m Series B round of US-based Axiom Space, which is building the first international commercial space station. Both investments were in February 2021.

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