Impacta VC, Uper, and Emprende Tu Mente raise USD $1.4 million for startups in Latin America

Impacta VC, Uper, and Emprende Tu Mente raised USD $1.4 million for startups like Savia, Retorna, and Theodora in a pioneering live fundraising event during the ETM Day 2023.
Impacta VC Uper ETM
Photo: Impacta VC

The Impacta VC investment fund successfully concluded a new financing round in collaboration with fintech Uper and the corporation Emprende tu Mente (ETM). As part of the ETM Day 2023, a live capital raising event took place as part of the Live Fundraising Project, raising USD $1.4 million in the first hours, backed by a capital commitment of USD $1.02 million.

The alliance aims to boost the entrepreneurial ecosystem in Chile, offering investment opportunities in the startups Retorna and Savia, while Theodora will open a waiting list for its next round.

The startups made their presentations, attracting investments through the crowdfunding platform Uper.co. Savia, a digital platform for supplying inputs to restaurants and hotels, and Retorna, a fintech specializing in remittances, are the companies seeking funding alongside Uper. Theodora, a startup using artificial intelligence to mitigate discrimination biases, is also on the list.

The Live Fundraising Project process took place during the ETM Day, where startups presented their proposals to an audience of over 30,000 attendees and 10,000 Uper and Impacta VC users. After the presentations, investment rounds were officially opened, continuing until December 10, 2023, on the Uper platform.

Eduardo Perez de Castro, co-founder of Uper, highlighted the purpose of their platform to facilitate high-potential companies raising capital directly from their communities. The collaboration with Impacta VC and Emprende tu Mente allowed the presentation of the best projects to over 25,000 attendees, democratizing access to investment.

“At Uper, we aim to facilitate high-potential and impactful companies to raise capital directly from their communities. Thanks to our collaboration with Impacta VC and Emprende tu Mente, we validate and present the best projects to over 25,000 attendees. This democratizes access to invest in them in a pioneering format, a significant step for the entrepreneurial ecosystem,” said Eduardo Perez de Castro, co-founder of Uper.

Catalina Taricco, COO & CMO of Impacta VC, noted that the Live Fundraising Project is a memorable closure for the IFSP 2023, applying what was taught to founders over three months and enabling the community to become investors.

“We created this project as a memorable closure for the IFSP 2023, and what better way than applying everything we taught founders over three months to raise their rounds and integrate the community as their investors. The companies the world needs, we create together, and it’s a wonderful virtuous circle,” noted the program and project director Catalina Taricco, COO & CMO of Impacta VC.

Nicolás Bové, Executive Director of Emprende Tu Mente, expressed enthusiasm for the collaboration and highlighted the positive impact this initiative can have on entrepreneurship and investment in Latin America:

“At Emprende Tu Mente, we are excited about the special collaboration created with Impacta VC and Uper. This event, and everything that will take place in it, will mark a milestone in the world of entrepreneurship and investment in Latin America. This initiative is an example of the vitality of the entrepreneurial community and demonstrates how; together, we can drive innovative solutions that have a real impact on our society and the environment.”

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