Mundi Ventures LatAm Fund I

About Mundi Ventures LatAm Fund I

Mundi Ventures LatAm Fund I is a $100M first close fund focused on rewiring insurance and fintech infrastructure across Latin America. Backed by IDB Invest. Invests in early and growth stage insurtech, fintech, and enterprise tech.

Investment Focus

Location / RegionSpain

Funding StageSeries A

Industry Focus

Enterprise Software

Fintech

Insur Tech

Investor Signals Profile

active

Sweet Spot

Series B/C deep-tech founder in AI, Robotics, Energy, or Industrial Tech with global ambitions

deep-tech

climate-tech

industrial-technology

Series-B/C

European-scale-up

Bullish Signals

€750M first close — strong LP trust in deep-tech growth capitalblog

Up to €100M per company deployable across multiple roundsblog

Concentrated portfolio of ~20 companies enables true partnershipblog

Active newsletter + LP login — engaged investor communitywebsite

Risk-embracing culture — T.S. Eliot quote signals convictionwebsite

Whistleblowing channel — governance-conscious fund structurewebsite

Contrarian Signals

Not an early-stage fund — startups without traction rejectedblog

Software-only businesses without industrial complexity not in scopeblog

Minimal public content — low website transparencywebsite

Founder Do's

Show proven technology and initial commercial traction before pitch

Demonstrate global expansion plans and scalable deployment needs

Highlight long-term defensibility and technical depth, not just growth

Position as lead deal candidate for €15M–€40M initial check

Show strong engineering team with clear scaling roadmap

Founder Don'ts

No pure software business without technical complexity

No early-stage ideas without proof of technology

No short-term exit narratives — fund thinks long-term

Key GPs & Partners

Mundi Ventures (Kembara Fund I)

General Partner

patient-capitalthesis-drivenmetrics-driven

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Fund Overview

Fund Size$100M

Saves0

Website

Key People

Mundi Ventures

Mundi Ventures (Kembara Fund I)General Partner