Devlabs is based in Temuco, Chile for Latin America and Oakland, California for North America. 

Fund I

Size of the fund: 8 million USD (1 to 3 private investors to CORFO investment)

Investment size: 100 - 300,000 USD per company for 5 - 15% equity

Total number of companies: 25 - 30

Industries: B2B Software in Agri-business, Finance, Health, Tourism, Education and Operations

Expected returns: IRR > 20 - 30%

Profile of companies: Software companies with less than 3 years of operation

Fund II

Size of the fund: 21 Million USD (1 to 3 private investors to CORFO investment)

Investment size: 500,000 - 2.1 million USD per project

Total number of projects: 5 to 10 projects

Industries: Renewable energy, agribusiness and tourism

Expected returns: IRR > 15%

Exit strategy: Local indigenous community will take over the ownership of the project