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$5,000+ Quarterly
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1 Quarter
Management Fee
1.8% per year over 10 years
Admin Fee
0.15% per year over 10 years
Starting Q1 2025, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
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Latitud Ventures Materials

Discover how we are disrupting LatAm's startup ecosystem

Note from Latitud

Hello, Hola, Oi,
The Latitud Fund is a top tier early-stage fund investing across Latin America, sourcing and backing the best entrepreneurs from the region. Our strategy is to index the top emerging founders in the market, following the premise that Latin America’s startup ecosystem is growing at an exponential pace. LatAm raised $15b dollars of capital in 2021, more than triple the invested capital of 2020.
Our Ventures arm is a key component to help Latitud achieve its vision to elevate the startup ecosystem of LatAm by providing community and infrastructure to help founders. 
For additional inquiries, please reach contact [email protected]

Background on the Latitud Fellowship for founders (LF)
Latitud has become THE place for founders to start (and grow) their ventures in Latin America, primarily due to the Latitud Fellowship.
The Latitud Fellowship is the first startup community connecting all of Latin America, built by experienced founders:
We launched the program in November 2020. Since then, more than seven hundred founders have come through the equity-free program.
The fellowship is a 6-week, highly curated, equity-free program for early-stage founders across the region. We run a rigorous admissions process to find (as early as possible) top talent from across the region in all verticals - from former CTOs of top LatAm firms to 2nd-time founders, Silicon Valley ‘big tech’ alumni, and MBA grads from top global schools.
The community is supported by impressive mentors who are top founders and operators in Latin America and Silicon Valley. We run 25+ live sessions per cohort, providing office hours and hands-on tactical advice. Our cohorts have +100 startups from Latin America engaging with mentors, peers and the Latitud team.
In just over a year (and to this date - Feb 2022), teams that came through the fellowship have already raised north of $250M, at an aggregate valuation above $1.5B. We have no doubt this is just the beginning of a long journey for them, and us. 

This creates the perfect platform to launch a fund
How do we get amazing deal flow? By having a great top of the funnel activity.
  • The community helps us create a “credible index” of pre-seed and seed founders in Latin America. During the 6-week fellowship program, we get to mentor, evaluate and then invest in the best. Some people call this “God-mode” for deal flow. We prefer to see it with a ‘give first’ lens.
  • The community, PR, Marketing efforts around the fellowship also attract the interest of startups outside the community, that might be fundraising.
  • Tier 1 funds see the value that we add to the community, so they invite us into hot deals that they are leading, to help bring on other value-add investors.

How do we assess startups? By being Fast, First and leveraging the community.
  • Our Ventures team focuses on two premises: Fast & First. We need to get first to the startups we assess in the pipeline, ideally before they are fundraising. This allows us to be fast when it comes the time to make an investment decision.
  • We recognize we are not experts in every vertical, geography or business models. We have a decentralized approach to our decision making process by combining our pattern recognition, with expert tech operators and mentors of our community, to help us understand the feasibility of the companies.
  • The founder fellowship provides an unfair advantage to assess startups, considering we have multiple daily touchpoints with founders to build a proper profile.

How do we win deals? By being the most collaborative fund out there.
  • We ‘give first’, through our fellowship programs. 
  • We will introduce startups to the top funds in the region and the world. We can do this because we don’t lead rounds, and don’t compete with them - plus our check sizes are relatively small, representing low dilution.
  • We teach fundraising and we’ve curated a fundraising playbook that has helped companies like Pomelo, BHub, Finkargo, Floki and many others raise substantial rounds.
  • We invest small tickets, ranging from $50k to $250k for a target of 2% ownership on average.
How do we drive top tier returns on investment? By staying humble. 
  • We put our egos aside when making an investment decision. Investments require hard work, smart strategy, humility and perseverance.
  • Our strategy is to index the early stage market, maximizing the probability of having an outlier company return outsized returns following the power-law principle.
  • We invest at lower valuations in most of our deals, vs other funds. We can do this by being fast and first.
  • We co-invest with Tier 1 funds, which provides access to rounds that have been de-risked.

We charge a standard total 2% in management fees - 1.8% Latitud, 0.2% AngelList admin fee. (Note: up to Q1, the fund didn’t charge traditional management fees to its LPs, but in its place it retained them every time it executed an investment. We’ve now transitioned into standard fee collection)

Our team
  • Brian Requarth (Latitud co-founder, CEO) was the CEO, Co-Founder of VivaReal / Grupo Zap (sold for $550M).
  • Tomas Roggio (founding team, Fund Partner, Head of Ventures). MBA, London Business School; angel investor, previously Disney / DGE, AB InBev UK
  • Marcial González Fraga (Investor at Latitud). Previously investor in early-stage fintech, business development at Mercado Libre, and management consultant.
  • Naiane Pontes (Investor at Latitud). Previously investor at WeVentures and GFC. Chemical Engineer with experience at Google.
  • Bruno Seri (Venture Operations). Previously a product manager at Zax, overseeing Product & Business Intelligence.
Plus, our Fund team constantly liaises with Latitud’s co-founders:
  • Gina Gotthilf, (Latitud co-founder, COO) was the VP of growth & marketing at Duolingo taking the company from 3m to 200m users. 
  • Yuri Danilchenko, (Latitud co-founder, CTO) was the CTO of Escale scaling the engineering and product teams during Series B & C.

The Latitud Fund builds on top of Brian Requarth’s +60 angel investments in the region, including QuintoAndar (valued at $4b) and Clara, La Haus, Jeeves, Chiper, Platzi, Zubale, OnTop, Melonn and many others.

During 2020, Latitud has done more than 60 investments, among them: Pomelo (pre-seed), Stark Bank (seed), Bhub (ps), Clubbi (ps), Finkargo (ps), Dinie (s), Plug, (s), Kokomo (ps), Clivi (ps), Elevva (ps), aCasa (ps), Newtail (ps). For a full list of invested companies, please reach out to [email protected].
Investing in Latitud means that you are investing alongside top individuals and institutions that shape the present and future of venture capital. We closed Q4 2021 with 80 limited partners, including David Velez (Nubank), Micky Malka (Ribbit), Kevin Efrusy (Accel), Stelleo Tolda (MercadoLibre), Fabrice Grinda (OLX, FJ Labs), Alec Oxenford (OLX) Nigel Morris (CapitalOne / QED), Henrique Dubugras (BREX), Gabriel Braga (Quinto), and many more top investors.

We have already co-invested with top global funds Sequoia, a16z (Andreessen Horowitz), Tiger Global, Founders Fund, General Catalyst, Softbank, Insight Partners, QED, Quona, Index Ventures, Future Positive, Hedosophia, DST and more.

The investments and returns data above and accessible via external links may include investments made off of the AngelList platform. As such, AngelList has not taken any action to verify such data and makes no representations as to its accuracy or completeness. All investment value estimates and returns multiples are calculated net of any fees, expenses or carry. The outcome for any unrealized investment is highly uncertain. Past performance is not indicative of future returns. The companies and venture partners featured in this note and accessible via external links were selected due to their notoriety in the startup and venture capital community. This list is provided for illustrative purposes only and is not an exhaustive list of all investments made or involving the Fund Lead. A full list of the Fund Lead’s investment history will be made available upon request.

Brian Requarth

Investment Details

Subscription Start Date
April 1, 2023
Minimum Quarterly Subscription
Management Fee
Investors pay management fees of 1.8% per year for the first 10 years. Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first four years of the fund's life.
20%, increasing to 25% after a 3X return
Admin Fee
0.15% per year over 10 years
Starting Q1 2025, this Rolling Fund will transition onto updated Rolling Fund pricing terms. Under these new pricing terms, each new quarterly fund in the Rolling Fund Program will pay an annualized rate of $2.5k + 0.2% of contributed capital over 10 years.

Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. The last quarterly fund in this Rolling Fund Program closed $1.02M in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
Fund Lead Commitment
Latitud's personal subscription per quarter will be at least 0.3% of each quarterly fund's total committed capital in total.
Special Disclosure

For portfolio companies that go through Latitud's accelerator program, up to 20% of the fund's investment into that company will be repaid to Latitud as a fee retainer.

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Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The Fund Lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.

Apply To Subscribe

Subscription Amount
$5,000+ Quarterly
Subscription Period
1 Quarter
Management Fee
1.8% per year over 10 years
Admin Fee
0.15% per year over 10 years
Starting Q1 2025, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
Select invest account