Cencosud Ventures

Cencosud Ventures is the corporate investment and innovation arm of Cencosud S.A., a publicly traded Chilean multi-format retail group. Its mandate is to work with technology startups, drawing on the operating scale of a parent company that is the largest retailer in Chile and the third largest listed retail company in Latin America. Cencosud S.A. was founded in 1963 and employs more than 120,000 people.

The parent's platform spans five retail and services segments: supermarkets (Jumbo, Vea, Disco), home improvement (Easy), department stores, shopping centres and financial services. The group also operates the GBarbosa, Bretas and The Fresh Market brands. It runs in six countries - Chile, where it is headquartered in Las Condes, Santiago, alongside Argentina, Brazil, Peru, Colombia and the United States - with additional presence in China, and cites a potential market reach of more than 380 million inhabitants.

Ownership is concentrated: the Paulmann family controls 56.16% of the company. Cencosud states that it integrates environmental, social and governance principles across its operations and business units and is committed to sustainable business practices. Details of Cencosud Ventures' investment stage, cheque size and portfolio are not disclosed in the information provided.