The food maker and asset manager is one of the few Central American companies to step into venture capital.
Credit: Andreas Gucklhorn / Unsplash
Guatemalan conglomerate Corporación Multi Inversiones (CMI) has just launched a corporate venturing arm, one of the first in Central America.
The new unit is called CMI Ventures and will invest across sectors in renewable energy generation, storage and distribution, as well as foodtech, next-generation logistics and the digitalisation of operations. The size of the fund is not disclosed.
CMI has two main business groups: a food manufacturing group and a capital investment and asset management arm.
The new CVC will be headed by Francesco Marzano, who has been part of CMI Capital’s business and strategy team since 2019.
“We look to improve and transform the world around us, partnering with disruptive thinkers, world-class entrepreneurs and change agents in the industry,” said Luis Pedro Recinos Villa, corporate managing director at CMI and part of CMI Ventures’ investment committee, in a LinkedIn post.