Panama City now has real seed money. Regional VCs and accelerators back early teams. Development banks anchor the funds. Here are 13 seed investors backing Panama City founders in 2026.
Panama is a small but fast-rising seed market now. Regional LatAm funds back many of its founders too.
Most seed cheques come from across the wider region. Local accelerators put in the very first money here.
You will pitch a dozen seed funds across one round. Ellty keeps your seed deck behind one tracked link.
Most want a full data room before the second call. Build it once in Ellty and reuse it for every fund.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Carao Ventures | Central America seed VC | $250K-2M | Agnostic, fintech, AI | caraov.com |
| Invariantes Fund | Pre-seed/seed VC | $100K-500K | Software infra, fintech, AI | invariantes.com |
| Innogen Capital Ventures | Dev-bank seed VC | $100K-500K | Tech, digital transformation | innogencapital.com |
| Ciudad del Saber | Accelerator | $25K-50K | Cross-sector knowledge | ciudaddelsaber.org |
| Magma Partners | Seed VC | $50K-5M | Fintech, insurtech, B2B, AI | magmapartners.com |
| NXTP Ventures | Early-stage B2B VC | $500K-3M | B2B SaaS, fintech, marketplaces | nxtp.vc |
| 500 LatAm | Global seed / accelerator | $300K | Scalable tech | 500.co |
| Newtopia VC | Pre-seed/seed VC | $100K-500K | Fintech, healthtech, AI | newtopia.vc |
| Latitud Ventures | Pre-seed VC | $250K-400K | High-margin LatAm tech | latitud.com |
| Salkantay Ventures | Seed-Series A VC | $250K-1.5M | Fintech, logistics, B2B | salkantay.vc |
| Kalei Ventures | Micro-VC | $100K-300K | AI fintech, health, logistics | kaleiventures.com |
| Platanus Ventures | Accelerator / seed | $50K-200K | Fintech, proptech, marketplaces | platan.us |
| IDB Lab | Dev-bank fund / LP | Fund-scale | Tech for development | bidlab.org |
Send your seed deck from one link
Ellty shows which fund opened it and read it through.
Start free 14-day trialWhat seed funds expect
A seed fund wants real traction or a sharp insight. They back early, hard proof of real market demand.
Most want a clear path to a future Series A round. Show how the round carries you to that next stage.
A committed lead investor pulls the round together. Other funds quickly follow one strong, named lead.
See our Panama City angel investors list too. Ellty shows which fund opened your deck and stopped.
Median dilution at seed is now about 19.5%. By the end of Series A, founders typically still hold around half.
13 Panama City seed investors
1. Carao Ventures
Central America's first VC, backing seed founders.
Recent Activity: Backs 35-plus companies including in Panama
LinkedIn: Carao Ventures on LinkedIn
Sector Focus: Agnostic, fintech, AI
Stage Focus: Seed
Check Size: $250K-2M
Location: San Jose and region
Website: caraov.com
2. Invariantes Fund
A Guatemala VC backing software-led startups early.
Recent Activity: Launched an oversubscribed $30M fund
LinkedIn: Invariantes on LinkedIn
Sector Focus: Software infra, fintech, AI
Stage Focus: Pre-seed, seed
Check Size: $100K-500K
Location: Guatemala City
Website: invariantes.com
3. Innogen Capital Ventures
A development-bank-backed Central America seed fund.
Recent Activity: Closed its first fund at $11M with IDB Lab
LinkedIn: Innogen Capital on LinkedIn
Sector Focus: Tech, digital transformation
Stage Focus: Pre-seed, seed
Check Size: $100K-500K
Location: San Salvador and CA
Website: innogencapital.com
4. Ciudad del Saber
Panama's main incubator writing first seed cheques.
Recent Activity: Has put over $4M into Panama startups
LinkedIn: Ciudad del Saber on LinkedIn
Sector Focus: Cross-sector knowledge
Stage Focus: Pre-seed (incubator)
Check Size: $25K-50K
Location: Panama City, Panama
Website: ciudaddelsaber.org
5. Magma Partners
A pan-LatAm seed VC active right across the region.
Recent Activity: Backs 125-plus startups across LatAm
LinkedIn: Magma Partners on LinkedIn
Sector Focus: Fintech, insurtech, B2B, AI
Stage Focus: Seed, Series A
Check Size: $50K-5M
Location: Santiago and LatAm
Website: magmapartners.com
6. NXTP Ventures
An early-stage B2B VC backing LatAm seed startups.
Recent Activity: Raised a $98M B2B fund for LatAm
LinkedIn: NXTP Ventures on LinkedIn
Sector Focus: B2B SaaS, fintech, marketplaces
Stage Focus: Pre-seed, seed
Check Size: $500K-3M
Location: Buenos Aires, Argentina
Website: nxtp.vc
Spot the seed funds reading your deck
Ellty logs every open and page. Chase the keen ones first.
Start free 14-day trial7. 500 LatAm
A global seed fund running a Latin America program.
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: $300K
Location: Miami and LatAm
Website: 500.co
8. Newtopia VC
A pan-LatAm VC writing first pre-seed cheques here.
Recent Activity: Writes $100K-500K first cheques
LinkedIn: Newtopia VC on LinkedIn
Sector Focus: Fintech, healthtech, AI
Stage Focus: Pre-seed, seed
Check Size: $100K-500K
Location: Buenos Aires, Argentina
Website: newtopia.vc
9. Latitud Ventures
A LatAm pre-seed VC backing large-market startups.
Recent Activity: Raised a ~$27M pre-seed fund in 2025
LinkedIn: Latitud on LinkedIn
Sector Focus: High-margin LatAm tech
Stage Focus: Pre-seed
Check Size: $250K-400K
Location: Miami and LatAm
Website: latitud.com
10. Salkantay Ventures
A Peru-based seed VC backing LatAm founders early.
Recent Activity: Closed a $26M fund for the region
LinkedIn: Salkantay Ventures on LinkedIn
Sector Focus: Fintech, logistics, B2B
Stage Focus: Seed, Series A
Check Size: $250K-1.5M
Location: Lima, Peru
Website: salkantay.vc
11. Kalei Ventures
A micro-VC backing AI-powered seed-stage startups.
Recent Activity: Backs AI startups across Latin America
LinkedIn: Kalei Ventures on LinkedIn
Sector Focus: AI fintech, health, logistics
Stage Focus: Pre-seed, seed
Check Size: $100K-300K
Location: Buenos Aires, Argentina
Website: kaleiventures.com
12. Platanus Ventures
A Chile accelerator backing early LatAm seed teams.
Recent Activity: Invests $100K in each cohort startup
LinkedIn: Platanus Ventures on LinkedIn
Sector Focus: Fintech, proptech, marketplaces
Stage Focus: Pre-seed (accelerator)
Check Size: $50K-200K
Location: Santiago, Chile
Website: platan.us
13. IDB Lab
The IDB's innovation and early-stage investment arm.
Recent Activity: Backed 500 LatAm and Innogen Delta funds
LinkedIn: IDB Lab on LinkedIn
Sector Focus: Tech for development
Stage Focus: LP / early-stage
Check Size: Fund-scale
Location: Washington and LatAm
Website: bidlab.org
Central America funds lead here
Carao and Invariantes anchor the local seed scene. They back Panama and the wider Central America too.
Innogen brings development-bank money into the mix. That money helps de-risk the very earliest rounds.
Bring a sharp pitch deck to every fund. Show your traction behind one secure tracked link.
Prep for investor diligence early. Ready data helps a regional fund commit much faster.
LatAm VCs write first cheques
Pan-LatAm VCs now back more and more Panama teams. Magma and NXTP often write your first cheque here.
These funds back big-market and scalable startups. They want a clear and credible regional growth plan.
Keep each fund in one virtual data room. Show one clean story to each fund from a single link.
Lock files with password protection. Share sensitive data only with serious funds here.
Development banks back the funds
Development banks quietly power this whole market. IDB Lab anchors much of the region's seed funding.
That money hands local funds a lot more firepower. It also brings in many more private co-investors.
Keep funds close with investor relations tools. Steady updates keep a slow fund deal moving along.
Plan your diligence timeline early. A ready data room shortens your whole raise a lot.
How to pitch a seed investor
Open with the problem and your sharp insight.
- 1.Open with the problem and your sharp insight.Seed VCs back a clear, contrarian view first.
- 2.Show traction or some strong early signals.Real usage beats a polished revenue model.
- 3.Be clear on round size and your milestones.Seed funds want a path to a Series A round.
- 4.Name your lead and the terms on the table.A signed lead pulls the rest of the round in.
- 5.Send one tracked Ellty link to your full deck.See which fund reads it all the way through.
How Ellty helps you land a seed investor in Panama City
Your Panama City seed list is ready to use. Open a data room before the first fund call.
- 1.Upload your deck, metrics and financial model.Keep every seed document in one secure room.
- 2.Send each fund their own private tracked link.Set precise view and download rights per fund.
- 3.Watch every open and follow up at the right time.Chase the funds that read the whole deck first.
Panama City seed funding questions
- Funds like Carao and Magma. Plus regional LatAm VCs.
- Often $250K to $2m here. Some lead full rounds.
- Yes, 500 LatAm and Platanus do. They write cheques.
- Yes, IDB Lab backs the funds. It anchors many of them.
- Traction and a clear plan. A path to a Series A.
