TLDR:
- Manutara Ventures Fund has selected 20 startups from Latin America for an expansion program to Miami.
- One company from the selected startups will receive a $500,000 investment from the venture capital fund.
The early-stage venture capital fund Manutara Ventures has chosen 20 startups for a virtual preparation program aimed at eventually softlanding in Miami. Out of the 90 startups that applied, 20 were selected to enter an initial workshop. Following this, the fund will choose five winners to attend an in-person softlanding in Miami. Additionally, one of these startups will receive a $500,000 investment. The startups selected include companies from various Latin American countries, as well as one company from China. The softlanding program is managed by Manutara Ventures, with assistance from Cambridge Innovation Center and support from the Chilean state agency Corfo.
According to the Managing Partner of Manutara Ventures, there was a significant increase in applications compared to the previous year, with interesting candidates showing potential for investment. The selected startups primarily belong to the B2B sector, with an increase in applications from fintech and AI-based companies. The goal of the program is to help Latin American startups establish their presence in the U.S. market and expand their operations to Miami.
