LatAm List – Globant Ventures, the investment arm of Argentina’s Globant, expands its portfolio with three new tech startups: CamOnApp, an augmented reality and VR solutions startup, AvanCargo, an app that digitizes freight transport, and TheEye, a work tool that puts human talent first and brings solutions to the workplace needs of the future.
“These three projects summarize what we are looking for in a startup: technology-based businesses, high growth potential on a global scale, and a solid team of entrepreneurs, capable of executing a healthy business plan,” said Gustavo Martello, Operating Partner of Globant Ventures.
The accelerator invests between $50K and $250K in each of the selected projects, and due to its participation in the Fondo Fiduciario para el Desarrollo del Capital Emprendedor (FONDCE)—an Argentine government initiative— the winners will also receive a co-investment.
“We created FONDCE to leverage the investment of private companies in Argentine ideas from the State because we know that entrepreneurial capital plays a fundamental role in the country’s growth. Globant Ventures was chosen as one of the accelerators to promote technology-based projects and today we are very happy to see the initial results,” said Mariano Mayer, Secretary of Entrepreneurs and SMEs.
“This pool of mentors is the heart of our accelerator, which is available to the selected startups in order to offer them access to first-class international clients,” said Martín Umaran, Chief of Staff, co-founder of Globant, and General Co-Partner of Globant Ventures.