LatAm List – Alaya Capital Partners, a venture capital firm founded in Córdoba, Argentina exited Translation Back Office, a translation software company. This exit tripled Alaya’s initial investment in the startup. Using AI, Translation Back Office’s software automatically translates texts into multiple languages.
Alaya is based in Cordoba, Buenos Aires, Santiago de Chile, and Silicon Valley. Their initial fund invested in seven companies, and their second fund which was based in Chile, closed in 2018 after investing a total of $3.1M in ten companies.
Read more on LAVCA.
Learn more about Alaya’s investments: