Acknowledgments / Published August 9, 2023

Copec’s WIND Ventures awarded as the best Corporate Venture Capital in Chile


The survey, conducted by CIE Innovación ESE Business and El Mercurio’s Innovation section, analyzed the investment strategies, policies and processes of 36 CVCs, highlighting those with the greatest maturity in their fund. In addition to leading the overall ranking, WIND also led the Energy sector.

The study highlights its strategic focus and commitment to Copec’s transformation, being able to identify and support companies that are at the forefront of trends in energy, mobility and convenience, generating a positive economic and social impact in the countries where the subsidiary operates.

WIND Ventures is focused on driving innovation in the New Energy, New Mobility and New Convenience sectors. Since its creation in 2019, it has invested more than US$100 million in 22 startups nationally and internationally, reaching unicorn status with 3 of them and accomplishing 3 “exits” through acquisitions or IPOs.

Leonardo Ljubetic, Copec’s corporate manager of Development and Management, and leader of the WIND unit, said: “Large companies face the challenge of transforming ourselves to be more sustainable and incorporate differentiating value propositions that best serve the country and society. To this end, it is key to develop a strategic investment arm that is nourished by the world of entrepreneurship and innovation to build these new businesses.”