Emerging markets-focused 30N adds Giraldo as partner

Chilean venture firm 30N Ventures, which raised $50 million for its debut fund in March, has hired veteran impact investor Paula Giraldo as a partner.

Giraldo was previously a partner at Deetken Impact Alternative Finance (formerly Adobe Capital), which is part of Deetken Impact, a Canadian impact investor that manages five impact investment funds focused on Latin America and the Caribbean.

“After nearly seven incredible years at Adobe Capital + Deetken Impact, filled with accomplishments and both professional and personal growth, it’s time for a new chapter,” Giraldo wrote on LinkedIn. “I’m thrilled to share that I’m joining the 30N Ventures team, a venture capital fund with a global vision and a focus on emerging markets.”

Prior to Adobe Capital, Giraldo worked on the investments team at Symbiotics, where she specialized in structuring financing for microfinance institutions.

30N, based in Santiago, Chile, invests in fintech, foodtech and retail companies in emerging markets. The firm was founded by managing partners Tomas Denecken, Salvador Said and Juan Luis Palma and senior partner Dan Kranzler. Denecken, Palma and Kranzler are all alumni of Capria Ventures, an impact investing firm backed by Bill Gates and Paul Allen.

“When you see the world map, you can realize that down the 30N latitude is precisely where most of the undeveloped countries are,” Denecken told Venture Capital Journal in an interview earlier this year. “Seeing the lack of liquidity in the market and the M&A opportunities – not just for big companies but also for start-ups with international expansion plans and inorganic growth – [inspired us] to start to develop and concrete the fund.”