iThink VC raises $13M Fund II to back early-stage startups in Bolivia
What's the deal? iThink VCDealroom has a profile for this one. Try Dealroom →, a Paraguay-based venture capital firm, launched its Fund II with more than $13 million in assets under management. It unveiled the fund at the VCILAT event in Santa Cruz, Bolivia, targeting pre-seed and seed technology startups.
The fund's focus: Fund II backs emerging markets across the region, including Bolivia, Paraguay, Peru, Ecuador, and Uruguay. Its current portfolio spans 20 companies across seven countries.
Who's backing it? The fund draws support from development institutions IDB LabDealroom has a profile for this one. Try Dealroom → and Peru's COFIDEDealroom has a profile for this one. Try Dealroom →. In Bolivia, it is building structured co-investments with local players such as Fundación para la Producción and Pro-Crédito, alongside individual angel investors.
Why Bolivia? The country is one of Latin America's least-penetrated venture capital markets, despite startups that international bodies have flagged as having regional potential. iThink VC is betting local talent can build scalable companies in an ecosystem long starved of formal risk capital.
The proposal: Beyond capital, the fund offers mentorship, operating experience, and access to international networks of investors, corporates, and strategic partners. The aim is to help Bolivian startups expand into other Latin American markets.
The signal: Capital continues to trickle into Latin America's underserved frontier markets, with development institutions helping de-risk early bets. iThink VC is wagering that Bolivia's untapped ecosystem is ready for formal venture backing.
Read more: Tekios
Image credit: infomatique
