Medellin's seed money is mixed. Corporates and the city lead. National funds drop in too. Few pure local seed VCs exist. Here are 11 investors backing Medellin startups in 2026.
Medellin has very few seed-only VCs of its own, so corporates step in to fill the gap. Banks and large employers now write some of the earliest cheques in the city.
Bancolombia and Comfama both invest directly, and the city itself backs funds through its agencies. That public-private mix shapes how most rounds come together here.
National funds also scan Medellin for promising teams, joining rounds once the traction looks real. You will end up pitching a blend of firms, corporates and funds, and Ellty keeps all of your data behind one link.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Veronorte | Medellin VC / fund-of-funds | Early to growth | Tech, cross-sector | veronorte.com |
| Capitalia Colombia | Angel / early network (Medellin) | Sub-US$500K | Tech, SME | capitaliacolombia.com |
| Velum Ventures | Medellin seed VC (paused) | Seed (historical) | Consumer, tech | velumventures.com |
| Bancolombia Ventures | Corporate VC (bank, Medellin) | US$100K-$5M | Fintech, commerce, proptech | grupobancolombia.com |
| Comfama Ventures | Corporate / impact CVC (Medellin) | Early-stage | Impact, generalist | comfama.com |
| Ruta N | City innovation agency (connector) | City fund, not direct | Tech, generalist | rutanmedellin.org |
| Marathon Ventures | Colombian pre-seed VC (Bogota) | US$100K-$1.5M | B2B, SaaS, fintech | Marathon Ventures on LinkedIn |
| Kaszek | Pan-LatAm VC (Brazil) | US$500K-$25M | Fintech, consumer, SaaS | kaszek.com |
| Latitud Ventures | Pre-seed micro-fund (Brazil) | First cheques | Generalist tech | latitud.com |
| Newtopia VC | Pre-seed fund (Argentina) | US$100K-$500K | Generalist tech | newtopia.vc |
| Bancoldex / iNNpulsa | Govt fund-of-funds + agency (Bogota) | LP cheques, grants | All sectors | bancoldex.com |
Pitch firms and funds from one link
Seed backers move fast on team and traction. Ellty shows who opened your deck so you follow up first.
Start free 14-day trialWhat a seed investor backs
A seed investor backs early traction and a credible team, and a clear market makes that case far easier to land. They want signs that real people already want what you have built.
From there, they look for a believable path to Series A, so the growth story has to feel real rather than wishful. The numbers should show momentum that can compound over the next rounds.
A clean, simple model often wins the room more than a polished pitch does. Show why you are the right team and why now is the right moment, and Ellty gives each fund one link so you can see who opens your deck.
Bancoldex deployed about COP 50 billion across four micro-VCs that together backed roughly 100 startups.
11 Medellin seed investors
1. Veronorte
Veronorte backs tech from Medellin.
Recent Activity: Backs tech from Medellin
LinkedIn: Veronorte LinkedIn
Sector Focus: Tech, cross-sector
Stage Focus: Early to growth
Check Size: Early to growth
Location: Medellin, Colombia
Website: veronorte.com
2. Capitalia Colombia
Capitalia runs a Medellin early network.
Recent Activity: Runs a Medellin angel network
LinkedIn: Capitalia Colombia LinkedIn
Sector Focus: Tech, SME
Stage Focus: Early, seed
Check Size: Sub-US$500K
Location: Medellin, Colombia
Website: capitaliacolombia.com
3. Velum Ventures
A Medellin seed fund, now paused.
Recent Activity: Acquired by Amplo; not investing
Sector Focus: Consumer, tech
Stage Focus: Seed (paused)
Check Size: Seed (historical)
Location: Medellin, Colombia
Website: velumventures.com
4. Bancolombia Ventures
Bancolombia backs fintech and commerce.
Recent Activity: Backs fintech and commerce
Sector Focus: Fintech, commerce, proptech
Stage Focus: Early to growth
Check Size: US$100K-$5M
Location: Medellin, Colombia
Website: grupobancolombia.com
5. Comfama Ventures
Comfama backs impact-driven startups.
Recent Activity: Backed SME lender Sempli
Sector Focus: Impact, generalist
Stage Focus: Early
Check Size: Early-stage
Location: Medellin, Colombia
Website: comfama.com
Give each backer one trackable link
Ellty logs when a backer opens your data room. Chase the keen ones first, not days too late.
Start free 14-day trial6. Ruta N
Medellin's innovation agency runs a fund.
Recent Activity: Runs a city startup fund
Sector Focus: Tech, generalist
Stage Focus: Fund, programs
Check Size: City fund, not direct
Location: Medellin, Colombia
Website: rutanmedellin.org
7. Marathon Ventures
An Antioquia-rooted B2B fund.
Recent Activity: Antioquia-rooted B2B fund
Sector Focus: B2B, SaaS, fintech
Stage Focus: Pre-seed, seed
Check Size: US$100K-$1.5M
Location: Bogota, Colombia
Website: Marathon Ventures on LinkedIn
8. Kaszek
Kaszek is LatAm's largest VC fund.
Recent Activity: Active in Colombian seed rounds
LinkedIn: Kaszek LinkedIn
Sector Focus: Fintech, consumer, SaaS
Stage Focus: Seed to growth
Check Size: US$500K-$25M
Location: Sao Paulo, Brazil
Website: kaszek.com
9. Latitud Ventures
Latitud writes first cheques in LatAm.
Recent Activity: 270+ investments in LatAm
Sector Focus: Generalist tech
Stage Focus: Pre-seed
Check Size: First cheques
Location: Sao Paulo, Brazil
Website: latitud.com
10. Newtopia VC
Newtopia backs LatAm pre-seed founders.
Recent Activity: First cheques across LatAm
Sector Focus: Generalist tech
Stage Focus: Pre-seed, seed
Check Size: US$100K-$500K
Location: Buenos Aires, Argentina
Website: newtopia.vc
11. Bancoldex / iNNpulsa
Colombia's state arms feed the funds.
Recent Activity: Feeds Colombian micro-VCs
Sector Focus: All sectors
Stage Focus: Fund-level
Check Size: LP cheques, grants
Location: Bogota, Colombia
Website: bancoldex.com
Why corporates lead
Few local seed VCs operate at scale in Medellin, so big firms step in to fill the gap. Their balance sheets let them stay active even when dedicated funds pull back.
Bancolombia and Comfama both invest directly, and the city adds its own money on top. That layered support gives founders more than one door to knock on.
The trick is to pitch the right backer early, before your round fills up. See our ecommerce investors guide too, and let Ellty show you exactly who studies your deck by tracking every open in one place.
How the city seeds startups
Ruta N runs a city fund that backs early teams and programs. It works as a connector as much as a cheque writer, linking founders to the wider ecosystem.
Bancoldex sits behind that effort, feeding the micro-VCs that deploy into startups. In effect, the state seeds the scene before private money fully arrives.
Treat any grants you win as early runway rather than a finish line, and keep your fundraising process tight throughout. Share docs through secure file sharing so Ellty logs every view as it happens.
Raising seed money in Medellin
Start by mapping the firms, the city agencies and the national funds, then line up warm intros to each. A clear list keeps your outreach focused instead of scattered.
Keep backers posted with regular updates, since trust builds steadily over time. The founders who communicate well are the ones investors remember.
Lock your files with a password so you control who sees the data and when. Ellty stores every document in one data room, built for startups raising right now.
How to pitch a seed investor
Show early traction and a team.
- 1.Show early traction and a team.Prove the market is big enough to matter. Back it with early signs that real users already want what you have built.
- 2.Map your path to Series A.Keep the numbers clear and easy to follow. Show how today's traction compounds into a round investors can see coming.
- 3.Name your raise and runway.Keep the ask tight and specific. State how much you want, what it buys, and how many months of runway it gives you.
- 4.Send one Ellty link to your deck.See who digs in and how far they read. Use those signals to time your follow-up before the round closes.
How Ellty helps you land a seed investor in Medellin
You have your Medellin seed list ready. Set up a data room first.
- 1.Upload your deck, metrics, and model.Set access per backer.
- 2.Share one trackable link each.Each backer gets a unique link.
- 3.Watch opens and reply on time.Use analytics to time each nudge.
Medellin seed investor questions
- Corporates and the city. National funds help too.
- Few exist. Many have paused or pivoted.
- Often US$100K to US$2M. Some go higher.
- Yes, via its venture arm. Comfama invests too.
- Yes, Ruta N runs a fund. Bancoldex feeds it.
- Before your first seed call. Track who opens your deck.
