ONEVC

ONEVC Research Document Investment Thesis ONEVC is a seed-stage venture capital firm dedicated exclusively to Latin America with a mission to support exceptional founding teams building transformational companies. As former operators with direct experience building and scaling startups in the Latam region, the ONEVC team combines deep market knowledge with operational expertise. The firm believes that Latin America harbors some of the world's most talented founders with the capacity to build global companies, but they face specific challenges including talent scarcity and limited access to experienced capital. ONEVC's core thesis centers on founder support—not just deploying capital, but actively helping portfolio companies recruit senior technical talent, implement effective people and organizational strategies, and provide strategic guidance through critical inflection points. Sector and Stage Focus ONEVC maintains a deliberate, concentrated investment approach across multiple sectors: Primary Sectors FinTech/Payments : Transforming financial services, payments infrastructure, lending, and financial inclusion across Latin America Enterprise Software & SaaS : B2B productivity tools, workflow automation, and vertical SaaS serving specific industries Consumer & Marketplaces : Marketplace platforms, consumer apps, and e-commerce connecting buyers and sellers across the region Logistics & Supply Chain : Companies optimizing last-mile delivery, supply chain efficiency, and logistics infrastructure Stage Preferences ONEVC primarily focuses on seed-stage investments, with a proven ability to support companies through Series A and beyond. The firm demonstrates flexibility across the full spectrum—from pre-seed with exceptional technical founders to Series B follow-on investments for successful portfolio companies. Investment Size and Fund Dynamics ONEVC manages multiple venture funds currently in deployment: Fund I targeted check sizes of $350K-$1.5M per company with a concentrated portfolio Fund II invests in 18-25 companies with demonstrated results Fund III is currently open and actively deploying capital Typical check sizes by stage: Seed Stage : Average round size of $5.17M (23 investments tracked) Series A Stage : Average round size of $14.4M (11 investments tracked) Series B Stage : Average round size of $21.5M (2 investments tracked) The firm's concentrated approach means they typically take meaningful ownership stakes and maintain close engagement with their portfolio companies. Lead vs. Follow Investment Tendency ONEVC demonstrates a mixed investment approach. The firm actively leads seed rounds for companies that fit their criteria, as evidenced by their recent lead position in the $6.33M Series A round for IORQ (2025). However, they also participate in co-led and follow-on rounds for portfolio companies they believe in. Their follow-on investment reserves in subsequent funds suggest a strong pattern of supporting successful portfolio companies through multiple funding rounds. Recent Activity and Fund Status ONEVC is actively deploying capital across all current funds. Recent investment highlights (2025): Led $6.33M Series A for IORQ (fintech/infrastructure), with participation from Monashees, Norte Ventures and others Continued active seed-stage deployment across their core sectors Portfolio exits including Gringo's acquisition by Corpay (February 2025) The firm has made 5 new investments in the last 12 months and maintains approximately 50 companies in its active portfolio. This demonstrates consistent deal flow and active engagement with the Latam startup ecosystem. Portfolio Highlights ONEVC's portfolio includes some of Latin America's most successful startups including Rappi and Loggi (both unicorns), Pipefy (workflow automation), Rocket.Chat (communication platform), and numerous fintech and enterprise software companies. Team and Operational Support ONEVC has built a dedicated team combining investment expertise with operational support capabilities, including dedicated partner roles for portfolio support and a Head of Talent position, reflecting their commitment to active portfolio engagement. Decision Process and Timeline ONEVC operates as a partnership-driven fund with clear decision-making responsibilities. Given their concentrated portfolio approach and high-touch operational model, the decision timeline appears to be in the 4-8 week range for seed investments. Founder Preferences ONEVC explicitly targets founders with three core characteristics: targeting large, captureable markets in Latin America; exceptional founding teams with technical expertise and domain knowledge; and companies with transformational products showing strong product-market fit.