EWA Capital

EWA Capital, formerly known as Mountain Nazca Colombia, is a management company based in Bogotá, Colombia, that focuses on investing in early-stage technology companies with disruptive and scalable business models. Founded in 2019, EWA Capital seeks to back entrepreneurs who have developed a minimum viable product and demonstrated market fit, while maintaining sustainable unit economics and a growing customer base. The company adopts a hands-on approach to value creation, leveraging the collective experience of its team, which includes former institutional investors and entrepreneurs. EWA Capital is particularly dedicated to supporting businesses that aim to close the gender gap and drive social change, while also targeting high returns for its investments.

Paula Arango

Principal

Jaime Bastidas

Principal

Pablo González del Corral

Serial Entrepreneur and Partner

Victor Muñoz

Investment Committee Member and Operating Partner

Melissa Sesana

Operating Partner

Patricia Saenz

Managing and Founding Partner

16 past transactions

Samay

Non Equity Assistance in 2024
Samay is a developer of an AI-enabled wearable device focused on remote respiratory health management, specifically targeting chronic obstructive pulmonary disease (COPD). The company's innovative chest patches utilize patented technology to diagnose COPD with 90% accuracy and identify exacerbation biomarkers at 83% accuracy, all while allowing patients to remain at home. The device continuously monitors various respiratory metrics, including pulmonary volumes, trapped air, respiratory and heart rates, breathing sounds, and temperature for up to two weeks. This real-time data collection empowers users to analyze their respiratory health and receive actionable insights to enhance their day-to-day well-being. Additionally, Samay is creating an AI-assisted management and diagnostic platform that supports both patients and doctors throughout the care continuum, from detecting exacerbations to determining effective therapies for more personalized treatment.

Mekan

Seed Round in 2024
Automotive aftermarket Marketplace

Bia Energy

Series A in 2023
Bia Energy is focused on providing sustainable and affordable energy solutions to small and medium-sized enterprises (SMEs) and households in Latin America. The company has developed a virtual energy marketing platform that emphasizes efficient energy consumption and optimization. This platform tracks energy usage and offers automatic recommendations for monthly savings, enabling users to reduce costs while adopting sustainable practices. Through its consumer-centric and data-driven approach, Bia Energy aims to empower its customers by enhancing their energy management capabilities and promoting environmentally friendly energy consumption.

BeeReaders

Seed Round in 2023
BeeReaders is an innovative edtech company focused on enhancing English language learning for K-12 Spanish-speaking students. The platform aims to build foundational literacy skills through personalized learning experiences and authentic Spanish content, creating an immersive reading environment. It features a unique español placement test and a proprietary leveling system that provides culturally relevant materials, allowing students to engage effectively with the content. Additionally, BeeReaders offers a supplemental program to support hybrid instruction, enabling students to monitor their progress and advance their learning in a game-like digital environment. This comprehensive approach seeks to redefine academic success for Spanish-speaking students.

Tpaga

Series A in 2022
Tpaga is a mobile wallet designed for unbanked consumers in Latin America, currently operating in Colombia and Mexico. With over 50% of the population lacking credit cards or bank accounts, the service utilizes cellphones, which are widely accessible, to facilitate financial transactions. Users can deposit cash at a network of approximately 4,000 kiosks and utilize their digital wallet to pay for utility bills, top up mobile services, and make purchases at supermarkets and gas stations. Tpaga has distinguished itself as the first mobile wallet in the region that enables grocery payments without requiring a bank account, thereby empowering unbanked merchants to accept payments without the need for traditional point-of-sale systems. Additionally, Tpaga offers a Fintech-as-a-Service platform that provides banking APIs and white label mobile wallet solutions to banks, fintech companies, telecommunications providers, and retailers, enhancing digital transaction capabilities across various sectors.

Sempli

Venture Round in 2021
Sempli is a digital financial institution based in Colombia that focuses on providing an all-in-one banking solution for small and medium-sized businesses. The company operates an online lending platform designed to facilitate access to capital for these enterprises, helping them grow and enhance their value. By leveraging technology and information, Sempli streamlines the lending process, making it more efficient and convenient for entrepreneurs seeking funding. This approach aims to empower small and medium businesses, enabling them to thrive in a competitive market.

1DOC3

Seed Round in 2021
1DOC3 is an e-health platform that connects Spanish-speaking individuals, totaling approximately 490 million, with licensed medical professionals. The platform allows users to seek personalized answers to their health-related inquiries through various channels, including web, mobile applications, SMS, and USSD, ensuring accessibility even for those without internet access. This service enables doctors to enhance their online reputation and attract new patients while contributing to a comprehensive database of curated health-related questions and answers in Spanish. By facilitating direct communication between users and healthcare providers, 1DOC3 aims to address health concerns and promote overall well-being in the communities it serves.

1DOC3

Venture Round in 2019
1DOC3 is an e-health platform that connects Spanish-speaking individuals, totaling approximately 490 million, with licensed medical professionals. The platform allows users to seek personalized answers to their health-related inquiries through various channels, including web, mobile applications, SMS, and USSD, ensuring accessibility even for those without internet access. This service enables doctors to enhance their online reputation and attract new patients while contributing to a comprehensive database of curated health-related questions and answers in Spanish. By facilitating direct communication between users and healthcare providers, 1DOC3 aims to address health concerns and promote overall well-being in the communities it serves.

EPICA

Seed Round in 2019
EPICA is a technology venture focused on enhancing decision-making for businesses through the real-time analysis of audience behavior patterns. Utilizing a sophisticated platform that integrates artificial intelligence with big data, EPICA tracks and predicts consumer behavior by leveraging both online and offline data. This approach provides businesses with detailed insights into consumer journeys, allowing them to understand audience dynamics with remarkable granularity. By managing personalized and segmented audiences, EPICA empowers clients to make informed decisions based on comprehensive data analysis, ultimately helping them achieve their objectives more effectively.

GOCARGO PLATAFORMA S.A.S.

Pre Seed Round in 2018
GOCARGO, is network of Truck Drivers and freight forwarding companies.

1DOC3

Seed Round in 2017
1DOC3 is an e-health platform that connects Spanish-speaking individuals, totaling approximately 490 million, with licensed medical professionals. The platform allows users to seek personalized answers to their health-related inquiries through various channels, including web, mobile applications, SMS, and USSD, ensuring accessibility even for those without internet access. This service enables doctors to enhance their online reputation and attract new patients while contributing to a comprehensive database of curated health-related questions and answers in Spanish. By facilitating direct communication between users and healthcare providers, 1DOC3 aims to address health concerns and promote overall well-being in the communities it serves.

ESCALA EDUCACION

Seed Round in 2017
ESCALA Educación is a social enterprise that promotes access to higher education and financial inclusion by offering enhanced saving plans with educational benefits. ESCALA partners with companies and becomes their main educational benefits provider, through which employees save through their paychecks for education either for themselves or their children. These savings are coupled with company matching funds, tuition discounts, career counseling and other education benefits that make higher education accessible for all.

Human Inc

Seed Round in 2017
Human is a Seattle-based consumer technology company that builds products which put people's needs, relationships and experiences first.

Merqueo

Seed Round in 2016
Merqueo is a Colombian company founded in 2017, specializing in the delivery of groceries and home essentials. Operating from its own dark-store infrastructure, Merqueo offers a wide selection of products ranging from fresh fruits and vegetables to household items and personal care products. Customers can choose from 2,000 to 10,000 items, including frozen foods, dairy products, pharmaceuticals, and spirits, all available through its user-friendly website and mobile application. By providing home delivery services, Merqueo aims to offer convenience and affordability in grocery shopping for its users. The company is headquartered in Bogotá, Colombia.

Platzi

Seed Round in 2015
Platzi Inc. operates an online education platform that offers live and recorded classes focused on design, marketing, programming, and business. Established in 2010 and formerly known as Mejorando.la, the company rebranded in 2015 and is headquartered in San Francisco, California, with a significant presence in Bogotá, Colombia. Platzi provides professional courses that emphasize practical skills, featuring a 70% completion rate among its over 80,000 global students. The platform facilitates real-time collaboration between students and industry professionals, utilizing video and interactive lessons in Spanish, English, and Portuguese. By offering resources such as project file sharing, guides, tutorials, and technical support, Platzi aims to equip learners with in-demand skills, helping them stay current in the evolving tech landscape.
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