Panama's first cheques come from angels. Venture Club and Ciudad del Saber lead the scene. Regional LatAm angels back founders too. Here are 12 angel investors funding Panama City startups in 2026.
Panama has a small but fast-moving angel scene now. Most of that activity runs through Ciudad del Saber.
Angels write that first cheque before any VC does. Networks and clubs then pool a lot more money too.
You will pitch a dozen angels across one early round. Ellty keeps your pitch deck behind one tracked link.
Most want a clean data room before they commit cash. Build it once in Ellty and reuse it for everyone.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Venture Club Panama | Angel network | $25K-100K | Sector-agnostic Panama | ventureclubpanama.com |
| Venture Club Latam | Angel network | $100K-300K | Cross-sector LatAm | ventureclublatam.com |
| Ciudad del Saber | Accelerator | $25K-50K | Early-stage Panama | ciudaddelsaber.org |
| Carao Ventures | Seed micro-fund | $50K-250K | Fintech, healthtech, AI | caraov.com |
| Raymond Harari | Individual angel | $25K-150K | Biotech, cyber, varied | linkedin.com/in/rdharari |
| Latitud | Micro-fund + syndicate | $25K-200K | Sector-agnostic LatAm | latitud.com |
| Angel Ventures | Angel network + fund | $50K-250K | Seed, Series A LatAm | angelventures.vc |
| 500 LatAm | Accelerator / micro-fund | $100K-250K | Scalable tech | 500.co/latam |
| Founder Institute Panama | Accelerator | $5K-50K | Pre-seed, agnostic | fi.co |
| AEI Panama | Ecosystem / connector | Connector | Cross-sector early | aei.org.pa |
| LACBAN | Angel federation | $10K-100K | Cross-sector regional | LACBAN (WBAF) |
| Leo Milian | Super-angel | $35K-65K | Apps, software | No public site |
Send angels your deck in one link
Ellty tracks who opened it and what they read.
Start free 14-day trialWhat Panama angels look for
A Panama angel backs the founder first of all here. They back you well before your numbers really grow.
Early traction counts more than a slick, neat deck. A few genuine paying users move an angel fast too.
Angels want one clear, honest use for their money. Show exactly what every dollar you raise will buy.
See our Panama City logistics investors list too. Ellty shows which angel opened your deck and stopped.
The best people to support early-stage entrepreneurs are other entrepreneurs who have built before.
12 Panama City angel investors
1. Venture Club Panama
Panama's first angel network, founded back in 2009.
Recent Activity: Runs recurring angel Pitch Days in Panama
LinkedIn: Venture Club Panama on LinkedIn
Sector Focus: Sector-agnostic Panama
Stage Focus: Pre-seed, seed
Check Size: $25K-100K
Location: Panama City, Panama
Website: ventureclubpanama.com
2. Venture Club Latam
A regional angel network grown out of Venture Club.
Recent Activity: Relaunched with chapters in Mexico and Colombia
LinkedIn: Venture Club Latam on LinkedIn
Sector Focus: Cross-sector LatAm
Stage Focus: Seed
Check Size: $100K-300K
Location: Panama and region
Website: ventureclublatam.com
3. Ciudad del Saber
Panama's main incubator and early-stage angel hub.
Recent Activity: Incubates about 59 startups right now
LinkedIn: Ciudad del Saber on LinkedIn
Sector Focus: Early-stage Panama
Stage Focus: Pre-seed (incubator)
Check Size: $25K-50K
Location: Panama City, Panama
Website: ciudaddelsaber.org
4. Carao Ventures
Central America's first VC, backing seed founders.
Recent Activity: Backed Crabi and Strike in 2025
LinkedIn: Carao Ventures on LinkedIn
Sector Focus: Fintech, healthtech, AI
Stage Focus: Pre-seed, seed
Check Size: $50K-250K
Location: San Jose and Panama
Website: caraov.com
5. Raymond Harari
A Panama angel running his own Canalis Angel Fund.
Recent Activity: Runs Canalis and mentors at Founder Institute
LinkedIn: Raymond Harari on LinkedIn
Sector Focus: Biotech, cyber, varied
Stage Focus: Pre-seed, seed
Check Size: $25K-150K
Location: Panama City, Panama
Website: linkedin.com/in/rdharari
6. Latitud
A LatAm micro-fund and large angel community in one.
Recent Activity: Raised a ~$27M pre-seed fund in 2025
LinkedIn: Latitud on LinkedIn
Sector Focus: Sector-agnostic LatAm
Stage Focus: Pre-seed
Check Size: $25K-200K
Location: Miami and LatAm
Website: latitud.com
Know which angel reads your deck
Ellty logs every open and page. Follow up first, not last.
Start free 14-day trial7. Angel Ventures
A leading LatAm angel network with 440-plus members.
Recent Activity: Runs Pacific Alliance angel funds
LinkedIn: Angel Ventures on LinkedIn
Sector Focus: Seed, Series A LatAm
Stage Focus: Seed, Series A
Check Size: $50K-250K
Location: Mexico City and LatAm
Website: angelventures.vc
8. 500 LatAm
A global accelerator's own Latin America seed arm.
Recent Activity: Raised Seed Fund IV with IDB Lab in 2025
LinkedIn: 500 Global on LinkedIn
Sector Focus: Scalable tech
Stage Focus: Pre-seed, seed
Check Size: $100K-250K
Location: Miami and LatAm
Website: 500.co/latam
9. Founder Institute Panama
Panama's pre-seed accelerator run by angel mentors.
Recent Activity: Runs an equity collective with angel mentors
LinkedIn: Founder Institute on LinkedIn
Sector Focus: Pre-seed, agnostic
Stage Focus: Pre-seed
Check Size: $5K-50K
Location: Panama City, Panama
Website: fi.co
10. AEI Panama
A body linking founders to angel and family money.
Recent Activity: Drives the Panama 2030 startup strategy
LinkedIn: AEI Panama on LinkedIn
Sector Focus: Cross-sector early
Stage Focus: Pre-seed, seed
Check Size: Connector
Location: Panama City, Panama
Website: aei.org.pa
11. LACBAN
A federation of Latin American and Caribbean angels.
Recent Activity: Links 400,000-plus angels across the region
LinkedIn: LACBAN on LinkedIn
Sector Focus: Cross-sector regional
Stage Focus: Pre-seed, seed
Check Size: $10K-100K
Location: Latin America (regional)
Website: LACBAN profile
12. Leo Milian
A Guatemala super-angel who backs Panama startups.
Recent Activity: Has done several Panama pre-seed deals
LinkedIn: Profile not public
Sector Focus: Apps, software
Stage Focus: Pre-seed
Check Size: $35K-65K
Location: Guatemala City
Website: No public site
Ciudad del Saber is the hub
Ciudad del Saber is Panama's central startup campus. Most angels and founders end up meeting there too.
Its programs write $25K to $50K starter cheques here. They also connect you to active local angels here.
Ellty is built for early startups raising. Show your traction behind one secure tracked link.
Use a diligence checklist before pitching. Clear answers help an angel commit much faster here.
Regional angels back Panama too
Panama is a small market, so regional money matters. LatAm angels and funds back Panama founders here too.
Networks like Angel Ventures reach across borders. They co-invest right alongside the local clubs here.
Keep angels close with investor updates. Steady updates turn a maybe into a real yes faster.
Use document analytics to track interest. See which angel actually reads it to the very end.
Angels bridge you to VCs
The best angels are far more than just early money. They open the doors to your bigger VC rounds later.
Many Panama angels co-invest with the regional VCs. A warm intro beats a cold pitch almost every time.
Use pitch deck tracking on every send. See which angel opened and read it all the way down.
Avoid common diligence mistakes early. Clean data helps you move from angels to VCs fast.
How to pitch an angel investor
Open with a problem you clearly understand.
- 1.Open with a problem you clearly understand.Angels back the founder, not just the pitch.
- 2.Show real early traction, however small it is.A few paying users beat a big projection.
- 3.Be clear on the raise and the runway it buys.Angels want to know where the money goes.
- 4.Ask each angel for two or three warm intros.In Panama, networks open most of the doors.
- 5.Send one tracked Ellty link to your full deck.See which angel reads it all the way through.
How Ellty helps you land an angel investor in Panama City
Your Panama City angel list is ready to use. Open a data room before the first investor call.
- 1.Upload your deck, metrics and simple cap table.Keep every angel document in one secure room.
- 2.Send each angel their own private tracked link.Set precise view and download rights per person.
- 3.Watch every open and follow up at the right time.Chase the angels who read the whole deck first.
Panama City angel investing questions
- Groups like Venture Club. Plus regional LatAm angels.
- Often $5K to $250K each. Networks pool more together.
- Through Venture Club and AEI. Ciudad del Saber helps too.
- A strong founder and traction. A clear use of funds.
- Yes, they open VC doors. Many co-invest later on.
