Prosperitas Capital Partners SRL is a venture capital firm based in Montevideo, Uruguay, that specialized in seed, startup, and early-stage investments in small and medium-sized companies. Founded in 2005, the firm primarily focused on sectors such as technology, services, and agribusiness, with a particular interest in companies whose majority revenue comes from exports. Prosperitas sought to invest between $0.1 million and $1.5 million in firms with annual revenues below $5 million. The firm typically exited investments within three to six years through various means, including sales, mergers and acquisitions, and management buyouts. Prosperitas made equity-based investments or debt and equity investments that could convert to equity, while aiming to hold significant minority positions in its portfolio companies and participate in their governance. Additionally, the firm provided management advisory and merchant banking services to entrepreneurs. However, it is important to note that Prosperitas Capital Partners is no longer actively investing.
Crovat is a Uruguay-based company established in 2007, specializing in creating and developing internet ventures. It maintains a network of websites offering free, specialized content for Spanish and Portuguese-speaking audiences, attracting over 13 million unique monthly visits predominantly from Argentina, Brazil, Mexico, and Spain. With a team of over 40 young professionals and freelancers from various Latin American countries generating content, Crovat has consistently doubled its annual revenue since 2008. In 2011, the company received funding from Fondo Emprender to develop interactive products and boost growth plans. In 2012, it was acquired by Batanga Media, a U.S.-based company with operations in 14 countries, to strengthen its expansion into the Latin American market.
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