FCP Emprendimiento e Innovación SP

FCP Emprendimiento e Innovación SP is a corporate venture fund with a capitalization of US$ 40 million, dedicated to investing in advanced technologies and innovative projects aimed at enhancing public services. The fund emphasizes sectors such as energy, water, information and communication technologies, and waste management. Its Limited Partner is Empresas Publicas de Medellin, while Credicorp Capital Colombia serves as the professional manager, guiding the fund's investment strategy and operations. Through its targeted investments, FCP Emprendimiento e Innovación SP seeks to foster innovation and improve efficiency in essential public services.

Felipe Zarate

Key Person and General Manager

16 past transactions

Erco Energía

Series A in 2021
Erco Energía S.A.S is a Colombian company founded in 2012, specializing in the development and operation of renewable energy generation projects. Headquartered in Medellín, with additional offices in Cali and Bogotá, the company focuses on designing and installing solar photovoltaic systems, electric vehicle infrastructure, and electric energy storage solutions. Through its commitment to sustainable energy, Erco Energía aims to contribute to the transition towards cleaner energy sources in Colombia.

Leal

Venture Round in 2019
Leal is a prominent SaaS platform based in Latin America that specializes in AI-driven customer engagement, aimed at enhancing the capabilities of retailers to acquire, retain, and maximize customer lifetime value. The platform features a robust AI Decisioning engine that facilitates loyalty, offers, and campaign management, enabling brands to deliver hyper-personalized experiences at scale. Key components of Leal's offering include a Customer Data Platform that aggregates and analyzes customer behavior, a Campaign Management Suite for orchestrating multi-channel communication, and a Customer Experience Module designed to assess and improve customer sentiment. Additionally, Leal provides a Loyalty & Rewards Engine that supports various incentive models, fostering repeat purchases and brand loyalty. Its API-first infrastructure ensures seamless integration with existing technology stacks, boasting over 350 integrations with major systems. Trusted by reputable brands and backed by notable investors, Leal empowers retailers to transform customer data into actionable insights that drive revenue growth.

HYBRICO Energy Technologies

Series A in 2018
HYBRICO Energy Technologies specializes in providing energy-as-a-service solutions tailored for the telecom industry, particularly in emerging markets. The company addresses key challenges such as high energy costs, site availability, and environmental impact by offering a comprehensive hybrid power solution for both off-grid and poorly served grid sites. Utilizing advanced hybrid technology and proprietary cloud-based monitoring and control software, HYBRICO ensures a guaranteed energy uptime of 99.95%. Their services encompass all energy-related needs—including infrastructure, fueling, utility billing, and maintenance—delivered through long-term fixed-price contracts that facilitate improved management of operating expenses. With a focus on reducing carbon emissions and enhancing connectivity, HYBRICO aims to offer the lowest levelized cost of energy in the market, promoting a sustainable and efficient approach to energy consumption in telecommunications. The company is led by experts with extensive experience in designing high-reliability infrastructures and providing operations and maintenance services across numerous telecom sites.

Erco Energía

Debt Financing in 2018
Erco Energía S.A.S is a Colombian company founded in 2012, specializing in the development and operation of renewable energy generation projects. Headquartered in Medellín, with additional offices in Cali and Bogotá, the company focuses on designing and installing solar photovoltaic systems, electric vehicle infrastructure, and electric energy storage solutions. Through its commitment to sustainable energy, Erco Energía aims to contribute to the transition towards cleaner energy sources in Colombia.

TriCiclos

Venture Round in 2018
TriCiclos S.A. is a Chilean company founded in 2009 and based in Santiago, that specializes in household waste allocation and recycling services. The company focuses on enhancing the circular economy by developing innovative recycling technologies that enable responsible waste management. TriCiclos provides tools, spaces, and processes that promote the recycling of materials within the domestic market, encouraging both individuals and businesses to participate in sustainable practices. By addressing all stages of production, consumption, and disposal, TriCiclos aims to foster a culture of environmental awareness and sustainability, ultimately reducing contamination and improving the overall impact on society and the economy.

Reciclados Industriales

Series A in 2017
Reciclados Industriales is an industrial recycling company focused on promoting sustainable urban development through the management of construction waste. By specializing in the recycling and repurposing of demolition materials, the company aims to reduce the exploitation of natural resources and minimize pollution in wetlands and river basins. It provides precast concrete and environmentally responsible materials for construction processes, ensuring compliance with environmental regulations regarding waste management. Through its efforts, Reciclados Industriales contributes to decreasing the encroachment of public spaces by rubble and fosters a more sustainable approach to urban development.

Ignite Holding Company

Series B in 2017
Kingo Energy, founded in 2013 and headquartered in Guatemala City, Guatemala, specializes in manufacturing solar energy systems aimed at providing reliable electricity to underserved rural communities. The company's mission is to improve the quality of life for individuals living without access to a dependable power grid, particularly in regions facing extreme poverty. Kingo offers a prepaid solar energy service that is more affordable than traditional lighting methods, such as candles and kerosene. Their solar energy kits can power essential household items, including light bulbs and mobile phone chargers, with payment options tailored to customers' budgets. Kingo has already benefited over 100,000 people, with significant reported improvements in cost savings, educational performance, and productivity among users. The company operates in Central America and South Africa, with ambitions to expand its reach to over 3 million individuals by 2020. Kingo's executive team comprises experienced professionals from various sectors, including consumer markets, telecommunications, and energy.

Choice Holdings

Series D in 2017
WORLDWIDE, electric utilities lose an estimated $85 billion annually from theft. At the same time, calls for energy and water conservation are growing more urgent. Electric, gas and water utilities are seeking ways to protect their revenue and reduce waste without large capital investments. CHOICE provides innovative solutions whether you collect billing data in real time or once a month.

Tekpea

Convertible Note in 2017
Tekpea, Inc. is a technology company based in Palo Alto, California, founded in 2010, that specializes in developing a communication platform for energy management and automation. Its innovative platform supports product manufacturers and systems integrators in creating smart, connected products and energy management solutions tailored for the rapidly growing Internet of Things (IoT) and Smart Grid markets. Tekpea's system provides communication and control protocols that facilitate cloud integration, enabling organizations to develop advanced applications in areas such as Advanced Metering, Demand Response, Automation, Telemetry, and LED Lighting Management. Through its partnerships with various companies, Tekpea aims to enhance energy management and automation capabilities across multiple sectors.

Erco Energía

Series A in 2016
Erco Energía S.A.S is a Colombian company founded in 2012, specializing in the development and operation of renewable energy generation projects. Headquartered in Medellín, with additional offices in Cali and Bogotá, the company focuses on designing and installing solar photovoltaic systems, electric vehicle infrastructure, and electric energy storage solutions. Through its commitment to sustainable energy, Erco Energía aims to contribute to the transition towards cleaner energy sources in Colombia.

Tekpea

Series A in 2016
Tekpea, Inc. is a technology company based in Palo Alto, California, founded in 2010, that specializes in developing a communication platform for energy management and automation. Its innovative platform supports product manufacturers and systems integrators in creating smart, connected products and energy management solutions tailored for the rapidly growing Internet of Things (IoT) and Smart Grid markets. Tekpea's system provides communication and control protocols that facilitate cloud integration, enabling organizations to develop advanced applications in areas such as Advanced Metering, Demand Response, Automation, Telemetry, and LED Lighting Management. Through its partnerships with various companies, Tekpea aims to enhance energy management and automation capabilities across multiple sectors.

Choice Holdings

Series D in 2016
WORLDWIDE, electric utilities lose an estimated $85 billion annually from theft. At the same time, calls for energy and water conservation are growing more urgent. Electric, gas and water utilities are seeking ways to protect their revenue and reduce waste without large capital investments. CHOICE provides innovative solutions whether you collect billing data in real time or once a month.

Telemetrik

Series A in 2016
Founded in 2006, Telemetrik is a Colombian company specializing in telemetry solutions for automation, instrumentation, remote monitoring, and industrial Internet of Things (IIoT). The company enables clients to optimize resource management by providing services based on fourth industrial revolution technologies.

OutSmart Power Systems

Convertible Note in 2015
OutSmart Power Systems, LLC is a Massachusetts-based company that specializes in lean energy management software and services designed for commercial and industrial (C&I) buildings, particularly grocery stores, convenience stores, and cold storage facilities. Established in 2008, the company offers innovative solutions such as EnergyMate, a miniature metering technology that monitors energy and power parameters, and the OutSmart Analytics Platform (OSAP), which stores and analyzes data to uncover energy-saving opportunities. OutSmart's approach focuses on providing detailed insights into energy consumption and equipment health, particularly for critical systems like refrigeration, HVAC, and lighting. The company enhances energy management by categorizing and prioritizing activities related to energy use while offering basic and advanced analytics, reporting programs, and total energy savings services. By leveraging specialized sensor technology and data extraction techniques, OutSmart delivers granular monitoring capabilities that improve operational efficiency and reduce energy costs, often achieving payback periods of less than a year for its clients.

PlayVox

Series A in 2015
PlayVox, Inc. is a technology company that specializes in providing a collaboration platform designed for call center management. Founded in 2011 and based in San Francisco, California, PlayVox offers a comprehensive suite of workforce engagement management solutions that encompass agent training, coaching, performance management, and recognition. The PlayVox platform facilitates the tracking, analysis, and engagement of call center agents, integrating seamlessly with various customer relationship management and call center software. By focusing on employee engagement, PlayVox aims to enhance customer experiences, empowering organizations to optimize their workforce and improve service delivery. The company serves a diverse range of clients, including some of the world’s fastest-growing brands, ensuring that their solutions fit well within modern support operations.

Choice Holdings

Series C in 2014
WORLDWIDE, electric utilities lose an estimated $85 billion annually from theft. At the same time, calls for energy and water conservation are growing more urgent. Electric, gas and water utilities are seeking ways to protect their revenue and reduce waste without large capital investments. CHOICE provides innovative solutions whether you collect billing data in real time or once a month.
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