ONEVC is a venture capital and private equity firm focused on making investments pre-seed to series A stage companies that is headquartered in San Francisco, California and was founded in 2007 by Pedro Sorrentino. The firm also has an office in Sao Paulo, Brazil and invests in both American and Latin American startups. ONEVC typically invests $350,000 to $1.5 million in each early stage startup company, and sometimes considers investing in later stage companies.
In July 2018 ONCE VC announced closing their first venture capital fund with $10 million in funding to make seed stage investments.
On October 3, 2019 ONEVC completed their raising capital for their cross-border fund. The firm plans on using their fund to make pre-seed to series A stage investments in startups in America and Latin America. The founder of ONCEVC, Pedro Sorrentino, made the following statement regarding how the firm will invest the funds:
We invest in both geographies acting as a strategic partner for U.S. companies that want to become global early and Latam founders that want to connect with Silicon Valley, either to set up offices here or raise capital from U.S.-based VCs. We believe this is one of the most unique and profitable opportunities available now within VC.
Kovi is a company providing rental cars for on-demand drivers in Latin America.