EWA Capital

ActiveVenture Capital

Updated: Mar 19, 2026 ·

About

EWA Capital operates as an impact investment firm, strategically deploying capital with a distinct gender lens. The company focuses on “gender-smart” investing, providing not only financial resources but also strategic partnerships to propel ventures forward. They aim to drive gender equity and positive societal impact, leveraging support from High Net-Worth Individuals to back ambitious entrepreneurs.

The firm's multidisciplinary team is notably led by women, reflecting a foundational commitment to its gender-focused mandate. Patricia Sáenz is a key figure, bringing over nine years of experience as an angel investor and venture capital fund manager, having evaluated numerous opportunities before EWA Capital’s inception. This experienced, female-led team forms the core of its investment philosophy and operational approach.

EWA Capital primarily serves ventures that align with its mission of combining profitability with positive societal and gender impact. The firm prioritizes investments that demonstrate strong ESG principles, aiming for transformative partnerships that contribute to a more equitable world. Its vision is to foster the growth of companies that exemplify strong leadership and a clear commitment to social and gender equity.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Apr 1, 2025	Crux	$50.0M Series B	—	Andreessen Horowitz, Claire Diaz-Ortiz
Jan 1, 2024	Crux	$18.0M Series A	—	Andreessen Horowitz, Claire Diaz-Ortiz
Apr 1, 2023	BeeReaders	$4.0M Seed	—	Reinventure Capital
Feb 1, 2023	VAAS	$5.0M Seed	—	Andreessen Horowitz, Pareto Holdings, Y Combinator
Feb 1, 2023	Bia Energy	$1.0M Seed	—	CP Ventures, Innogen Venture Capital, MS&AD Ventures, Emlyn Scott
Oct 1, 2022	fidu	$5.0M Seed	—	Animoca Brands, B2 Founders, BITKRAFT Ventures, Breakthrough Energy Ventures, Brighter Capital, Broom Ventures, Electric Capital, Ethereal Ventures, Hartmann Capital, Iporanga Ventures, Kaszek Ventures, Lightspeed Venture Partners, Mercury Fund, MetaProp Ventures, MS&AD Ventures, New Age Ventures, Scott Sandell, NFX, Polygon, Seven Seven Six, Soma Capital, Talis Capital, Tenacity Venture Capital, Third Prime, Trajectory Ventures, Tribe Capital, Y Combinator, Andrew Keys, Arash Ferdowsi, Asaf Fybish, Fabian Gomez Gutierrez, Felipe Villamarin, Helen Liang, Jun Hwang, Jutta Steiner, Maya Zehavi, Scott Belsky, Sebastien Borget, Simon Borrero, Steve Aoki, Teck Chia
Aug 1, 2022	smartBeemo	$2.0M Seed	—	Breakthrough Energy Ventures, Kaszek Ventures, Fabian Gomez Gutierrez, Felipe Villamarin, Jun Hwang
May 1, 2022	Mashgin	$63.0M Series B	—	ACME Capital, AIX Ventures, Matrix, Moderne Ventures, New Enterprise Associates, Pareto Holdings, SeaX Ventures, Spark Capital, Third Kind Ventures, Wayra Hispam, Adam Neumann, Akshay Kothari, Cristina Cordova, DJ Patil, Dylan Field, Jeronimo Uribe, Miguel Mc Allister, Scott Belsky, Shervin Pishevar
May 1, 2022	Flowcarbon	$70.0M Series A	—	ACME Capital, Andreessen Horowitz, Jude Gomila Rolling Fund, Long Journey Ventures, Moderne Ventures, Scott Sandell, SeaX Ventures, Spark Capital, Struck Capital, The Hit Forge, Uncork Capital, Wayra Hispam, Adam Neumann, Gokul Rajaram, Jeronimo Uribe, Miguel Mc Allister, Sam Altman, Scott Banister, Shervin Pishevar, Vivek Patel
Apr 1, 2022	Morado	$5.0M Seed	—	Amadeus Capital Partners, Angel Ventures, Canaan Partners, Canary Ventures, H20 Capital Innovation, Iluminar Ventures, Latitud, Lightspeed Venture Partners, Magma Partners, Nazca Ventures, Hans Tung, Ravelin Capital, Sommet AB, Upload Ventures, Fabian Gomez Gutierrez, Felipe Villamarin, Javier Diaz Evans, Miguel Mc Allister, Ricardo Weder, Simon Borrero
Mar 1, 2022	Neivor	$4.0M Seed	—	Amadeus Capital Partners, Cathay Innovation, General Catalyst, Gradient Ventures, Iluminar Ventures, Latitud, Magma Partners, Sommet AB, Streamlined Ventures, Upload Ventures, Adrian Aoun, Claire Diaz-Ortiz, Javier Diaz Evans, Juan Zavala Aleman, Loreanne Garcia, Miguel Mc Allister
Feb 1, 2022	Melonn	$20.0M Series A	—	ACME Capital, Alaya Capital, ALLVP, Cubit Investments Ltd, Grão Venture Capital, Impacta VC, Insight Partners, LAUNCH, Moderne Ventures, Scott Sandell, NFX, Hans Tung, Notable Capital, O.G. Tech Partners, QED Investors, SeaX Ventures, Softbank Latin America Fund, Spark Capital, Wayra Hispam, Adam Neumann, Jeronimo Uribe, Miguel Mc Allister, Shervin Pishevar
Nov 1, 2021	Alfred	$3.0M Seed	—	CAV Investment Group, Dalus Capital, Kayyak Ventures, Alexander Torrenegra, Joao Otavio Oliverio, Jonathan Wasserstrum
Aug 1, 2021	Driven Education	$3.0M Seed	—	Altair Capital Management, Amadeus Capital Partners, Canary Ventures, Igah Ventures, Iluminar Ventures, Iporanga Ventures, Latitud, Magma Partners, Norte Ventures, Picus Capital, Remagine Ventures, Sequoia Capital, Sommet AB, TechAviv Founder Partners, Upload Ventures, WE Ventures, Y Combinator, Yellow Ventures, Antonio Avellar, Carlos Julio Garcia, Claire Diaz-Ortiz, Daniel Orlean, Eduardo Baer, Felipe Ramos Fioravante, Gabriel Pinto, Guilherme Bonifacio, Javier Diaz Evans, Martin Schrimpff, Mauricio Feldman, Miguel Mc Allister, Oskar Hjertonsson
Jul 1, 2021	Plerk	$1.0M Seed	—	42Phi Ventures, Accel, Amadeus Capital Partners, Backstage Capital, Collab Capital, Haystack, Iluminar Ventures, Include Venture Partners, Latitud, M34 Capital, Magma Partners, NewMe Accelerator, RareBreed Ventures, Share Ventures, Soma Capital, Sommet AB, TechSquare Labs, Twenty Two Ventures, Upfront Ventures, Upload Ventures, Aaron Skonnard, Baron Davis, Claire Diaz-Ortiz, Eric Rea, Javier Diaz Evans, Miguel Mc Allister
Mar 1, 2021	Cargofy	$1.0M Seed	—	Reinventure Capital, Seed Round Capital, Soma Capital, Martin Villig
Feb 1, 2021	Beam	$10.0M Series A	—	14W, 20VC, ACME Capital, Adjacent, Alven, Amasia, BoxGroup, David Namdar, Earl Grey Capital, Founder Collective, Founders Fund, Greylock, Indicator Ventures, Jude Gomila Rolling Fund, KB Partners, Moderne Ventures, Scott Sandell, Night Capital, SeaX Ventures, Serena Capital, Shine Capital, Spark Capital, The Finger Group, Union Square Ventures, Wayra Hispam, Adam Neumann, Alexandre Scialom, Bradley Horowitz, Casey Neistat, Clark Landry, Hugues De Braucourt, James Beshara, Jean Charles Samuelian, Jeronimo Uribe, Karl Jacob, Miguel Mc Allister, Oliver Jung, Rafe Furst, Scott Heiferman, Shervin Pishevar, Steve Schlafman, Thibaud Elziere
Feb 1, 2021	Neivor	$600K Seed	—	Alumni Ventures, Amadeus Capital Partners, DataPower Ventures, ff Venture Capital, F-Prime Capital Partners, Iluminar Ventures, Latitud, Magma Partners, Rubicon VC, Sommet AB, Space Capital, Spark Capital, Upload Ventures, Claire Diaz-Ortiz, Javier Diaz Evans, Juan Zavala Aleman, Loreanne Garcia, Miguel Mc Allister
Feb 1, 2021	Mono	$1.0M Seed	—	Accel, Albion VC, Amadeus Capital Partners, Antler, BITKRAFT Ventures, Dawn Capital, DST Global, GAIN, Hoxton Ventures, HV Capital, Iluminar Ventures, Insight Partners, Jungle Ventures, Lakestar, Latitud, LocalGlobe, Magma Partners, Passion Capital, Plug & Play Ventures, Sapphire Ventures, Sommet AB, Upload Ventures, Village Capital, Charlie Songhurst, Christian Faes, Claire Diaz-Ortiz, Daniel Gandesha, Miguel Mc Allister, Ott Kaukver, Roberto Nicastro, Will Brooks, Will Martin
Oct 1, 2020	Beam	$4.0M Seed	—	50 Partners Impact, ACME Capital, Alven, Daphni, eFounders, KB Partners, Kima Ventures, Moderne Ventures, Scott Sandell, Pareto Holdings, SeaX Ventures, #SecretFund, Serena Capital, Spark Capital, Wayra Hispam, Adam Neumann, Alexis Bonillo, Antoine Martin, Franck Le Ouay, Guillaume Lestrade, Hugues De Braucourt, Jeronimo Uribe, Michael Benabou, Miguel Mc Allister, Nicolas Steegmann, Oleg Tscheltzoff, Paulin Dementhon, Pierre Valade, Shervin Pishevar, Thibaud Elziere, Chapter One Ventures, Charlie Songhurst, Index Ventures, Indus Valley Capital, iNovia Capital, Jeff Morris, NFX, Redpoint Ventures, Stellar Capital, Uncork Capital
Jul 1, 2019	TAIGER	$25.0M Series B	—	CP Ventures, Innogen Venture Capital, MS&AD Ventures, Emlyn Scott
Oct 1, 2017	ESCALA EDUCACION	$700K Seed	—	—
Apr 1, 2015	Shots Podcast Network	$9.0M Series A	—	ACME Capital, AME Cloud Ventures, Base Partners, BlueRun Ventures, BoxGroup, DCM, Matt Ocko, Emergence Capital, Ensemble VC, Factorial, Hardware Club, IVP, LAUNCH, Maven Ventures, Moderne Ventures, Scott Sandell, Obvious Ventures, Offline Ventures, Quiet Capital, Rainfall Ventures, Scheinman Angel Fund, SeaX Ventures, Sequoia Capital, Slow Ventures, Spark Capital, Thrive Capital, TSVC Capital, Wayra Hispam, Wisdom LLP, Aaron Levie, Adam Neumann, Bart Swanson, Bill Tai, Biz Stone, Ed Baker, Floyd Mayweather Jr., Jeronimo Uribe, Jim Pallotta, Miguel Mc Allister, Pete Cashmore, Shervin Pishevar, Subrah Iyar, Tom McInerney
Nov 1, 2013	Shots Podcast Network	$3.0M Seed	—	ACME Capital, AME Cloud Ventures, Base Partners, Bonfire Ventures, Crosscut Ventures, Matt Ocko, Emergence Capital, Ensemble VC, Hardware Club, Maven Ventures, Moderne Ventures, Scott Sandell, Rainfall Ventures, Scheinman Angel Fund, SeaX Ventures, Sequoia Capital, Spark Capital, TSVC Capital, Wayra Hispam, Wisdom LLP, Adam Neumann, Bart Swanson, Bill Tai, Clark Landry, Jeronimo Uribe, Kim Perell, Miguel Mc Allister, Subrah Iyar

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at EWA Capital.

Patricia Saenz

Managing Partner

Jose Guillermo Calderon

Venture Partner

Jaime Bastidas

Principal

Claudia Salazar Orozco

Principal

Pablo González del Corral

Leadership Team

Key people at EWA Capital.

Patricia Saenz

Managing Partner

Jose Guillermo Calderon

Venture Partner

Jaime Bastidas

Principal

Claudia Salazar Orozco

Principal

Pablo González del Corral

Deep Dive

High-Level Overview

EWA Capital is a Bogotá-based venture capital firm focused on early-stage investments in Latin America, particularly in Colombia, Mexico, Chile, and Brazil. The firm targets startups with proven market fit, recurring and rapidly growing customer bases, and sustainable unit economics. EWA Capital invests primarily in sectors such as education technology (Edtech), healthcare, financial technology (Fintech), retail, agribusiness, and commerce. Their investment philosophy emphasizes *gender-smart* impact investing, aiming to back companies that promote gender equity both within their leadership and among their user base. EWA Capital supports founders with operational guidance, helping them localize go-to-market strategies, navigate regulatory environments, and scale regionally[1][2][3][4].

Origin Story

Originally known as Mountain Nazca Colombia, EWA Capital rebranded to emphasize its commitment to gender-smart investing and social impact. The firm was founded with a vision to leverage technology as an enabler of socioeconomic progress in Latin America, focusing on sectors that address critical regional challenges such as education, healthcare, and financial inclusion. The leadership team is predominantly female, with Managing Partner Patricia Sáenz bringing over 15 years of entrepreneurial and investment experience in Latin America, including facilitating more than $100 million in foreign investments. The team’s background combines deep expertise in finance, social impact, and private equity, reflecting a strategic evolution from traditional investment to a more impact-driven, gender-focused approach[2][4][5].

Core Differentiators

Gender-Smart Investment Model: EWA Capital allocates 40% of its fund to companies with at least 30% women in founding teams, boards, or C-level roles, and where 60% of the user base benefits women directly. They require portfolio companies to actively promote gender equality internally[4].

Operational Support: Beyond capital, EWA provides hands-on assistance in hiring, fundraising, regulatory navigation, and regional expansion, helping startups scale across Latin America[3].

Sector Focus: Concentrated investments in education, healthcare, fintech, retail, and agribusiness, with a strong emphasis on technology-driven solutions that address socioeconomic issues[1][2].

Network Strength: EWA leverages a broad network of strategic partners and industry experts to connect entrepreneurs with resources that accelerate growth and impact[4].

Experienced Leadership: The team combines extensive experience in venture capital, private equity, and social impact investing, with a proven track record of deal execution and value creation in Latin America[5].

Role in the Broader Tech Landscape

EWA Capital rides the wave of *gender-smart* and impact investing trends, which are gaining momentum globally and regionally. Their focus on Latin America aligns with the region’s growing startup ecosystem and increasing digital adoption in underserved sectors like education and healthcare. By emphasizing gender equity, EWA taps into a powerful market force—women’s influence on consumer spending and entrepreneurship—while addressing systemic inequalities. The firm’s timing is strategic, as Latin America’s tech ecosystem matures and investors seek scalable, socially responsible ventures. EWA’s approach helps shape the ecosystem by fostering inclusive growth, supporting startups that not only generate financial returns but also drive social change[2][4][6].

Quick Take & Future Outlook

Looking ahead, EWA Capital is positioned to expand its impact through its ongoing $30 million EWA Ventures Fund II, targeting early-stage companies with disruptive, scalable models. The firm’s gender-smart lens and operational support will likely continue to differentiate it in a competitive VC landscape. As Latin America’s digital economy grows, trends such as fintech innovation, digital health, and edtech will shape EWA’s portfolio evolution. Their influence may deepen by setting a benchmark for gender equity in venture capital and by accelerating startups that address critical regional challenges. EWA Capital’s commitment to blending financial returns with social impact suggests a future where investment success is measured by both profitability and positive societal transformation[2][4].

Sources

High-Level Overview

Origin Story

Core Differentiators

Gender-Smart Investment Model: EWA Capital allocates 40% of its fund to companies with at least 30% women in founding teams, boards, or C-level roles, and where 60% of the user base benefits women directly. They require portfolio companies to actively promote gender equality internally[4].

Operational Support: Beyond capital, EWA provides hands-on assistance in hiring, fundraising, regulatory navigation, and regional expansion, helping startups scale across Latin America[3].

Sector Focus: Concentrated investments in education, healthcare, fintech, retail, and agribusiness, with a strong emphasis on technology-driven solutions that address socioeconomic issues[1][2].

Network Strength: EWA leverages a broad network of strategic partners and industry experts to connect entrepreneurs with resources that accelerate growth and impact[4].

Experienced Leadership: The team combines extensive experience in venture capital, private equity, and social impact investing, with a proven track record of deal execution and value creation in Latin America[5].