LatamList – Copec, a Chilean energy company, announced a new corporate venture capital fund (CVC), called Wind Ventures. The fund targets the energy, retail, and mobility sectors in Latin America.
Wind Ventures will invest between $1M and $10M in Series A, B, and C rounds for both regional and US-based startups that plan to expand into Latin America. TechCrunch described the new CVC fund as a way to “accelerate global startups and scaleups growth in LatAm”.
The fund will broaden Copec’s portfolio and balance investments across the three stated sectors. Wind Ventures will also look to invest in initiatives not currently explored by Copec, such as hydrogen projects.
Brian Walsh, head of Wind Ventures, explained that the groups can assist startups in the regulatory and cultural environment of Latin America, providing on-the-ground support which will help startups achieve locally and regionally.
Copec is part of the larger AntarChile conglomerate which specializes in energy and industrial products.
Read more on TechCrunch.
