Structuring · Investment · Management
SPVs for startup investment.
We work on the structuring, investment coordination and management of special purpose vehicles for startup investments. We start with a specific opportunity and a clear definition of participants, responsibilities and decisions.
A specific investment, with defined responsibilities
An SPV brings several investors together in a vehicle for a specific investment. The company, the vehicle and its participants have distinct relationships and decisions that need to be clear from the start.
It can be relevant to founders exploring a round, investors considering co-investment or teams that need to organize a vehicle and its ongoing management. We first review the opportunity and whether the structure fits.
What we work on for the vehicle
- Structuring
- Organize the investment objective, participants, governance and responsibilities. Coordinate the structure with the relevant specialists.
- Investment coordination
- Organize review information, discussions and outstanding terms. Keep commitments and closing steps visible.
- Management and follow-up
- Coordinate the relationship with the company, information for participants and vehicle decisions within the agreed scope.
Before closing and after investing
Before proceeding, we define what AceleraLatam executes, what belongs to the company and participants, and what requires lawyers or other specialists. Deliverables and reporting frequency are agreed for each vehicle.
During the process, we organize information, outstanding items and owners. After investing, follow-up should help participants understand the company’s progress and the decisions they need to make through the vehicle.
Clear attribution in the portfolio
Our portfolio distinguishes direct investments, investments through Add Ventures funds and investments through SPVs. Lemu and Spora are among the companies identified under the SPV route.
This distinction clarifies the relationship with each company. An investment, an advisory engagement and management of a vehicle are different activities.
The structure does not replace investment evaluation
Using an SPV does not remove the risks of startup investment or imply an approved investment. The opportunity, terms and available information are reviewed before a decision.
Investment and service engagements are independent decisions. To explore an opportunity, share general information in the form; confidential documents are requested later through agreed channels.
Lemu: a vehicle with a defined purpose and administrator
SPV structure and administration case
In September 2025, AceleraLatam incorporated ACELERALEMU A+ SpA. The vehicle was established specifically to invest in Lemu Global Limited or its legal successor.
A documented historical record
The extract published in Chile’s Official Gazette on September 24, 2025 records the deed of September 11 and AceleraLatam’s appointment as statutory administrator at incorporation.
The source establishes a defined investment purpose and an explicit administration role. This case focuses on those incorporation and governance milestones.
How service scope is defined for a transaction
When exploring an SPV, we first review the opportunity, the participants and the work the vehicle needs. We agree who coordinates the process, who prepares the instruments and which decisions belong to participants and the relevant governing bodies.
AceleraLatam coordinates the activities included in its engagement and the relevant specialists. Ongoing information, subsequent decisions and any wind-down must be defined in the mandate and transaction documents.
This is a historical record. Incorporation and the appointment of an administrator do not, by themselves, establish a disbursement, financial closing or investment return.
Official Gazette of Chile · September 24, 2025 · CVE 2703287
Share general information about the opportunity and your role. We will review whether the structure fits and define the next step.
Let’s discuss the scope of your SPVSPV transaction map
A working tool for co-investment
An SPV transaction needs a defined objective and clear responsibilities. Use this map to agree the scope before proceeding; adapt it to your transaction documents and jurisdictions.
| Stage and decision | AceleraLatam coordination if agreed | Who decides or executes |
|---|---|---|
| Opportunity and fit | Organize the objective, information, participants and outstanding items. | The company supplies information; each contributor evaluates; the competent body decides under the documents. |
| Structure and governance | Coordinate requirements, scope and owners. | Lawyers and other specialists prepare and validate instruments; authorized signatories approve them. |
| Formalization | Track documents and filings included in the engagement. | Professionals and authorities execute the applicable formalities. |
| Signatures and contributions | Maintain a record of documents, signatures and status. | Contributors sign and transfer; banks execute; designated owners verify receipt. |
| Decision and deployment | Consolidate supporting evidence and execute only within granted powers. | The competent body authorizes; signatories and banks execute under the instruments. |
| Monitoring and later decisions | Collect information and report if included in the mandate. | The company provides information; participants and bodies decide matters within their remit. |
| Exit or wind-down | Coordinate the process if expressly included. | Governing bodies authorize; specialists and banks execute; contributors receive according to their rights. |
Scroll the table horizontally if needed.
What to agree before starting
Record one owner per activity, supporting document, deadline, dependency and status. Clarify scope, costs, powers, information and decision procedures. Lawyers and specialists validate matters within their respective expertise.
Status control: expressed interest, a documented commitment, a contribution received by the vehicle and capital deployed are separate milestones. Record each with supporting evidence; a signature alone does not demonstrate receipt of funds.
This map describes an adaptable workflow. It does not replace corporate documents, agreements or specialist advice. The investment opportunity and service engagement are evaluated separately.
Frequently asked questions
Before we talk.
Is an SPV the same as a venture capital fund?
Here, an SPV means a vehicle for a specific investment. Funds and individual SPVs may have their own structures, participants and criteria; the specific case needs review.
Does AceleraLatam handle every aspect of the vehicle?
Scope is agreed for each case. We define included services, operational responsibilities and coordination with lawyers and other specialists.
Is the structure the same in every country?
The structure is defined around the opportunity, company, participants and jurisdictions involved, together with the appropriate specialists.
Can I inquire as a founder or as an investor?
Yes. Explain the opportunity you want to explore and your prospective role. The initial conversation is exploratory and does not constitute an investment commitment.
Let’s start with your context.
In an initial 15-minute conversation, we review your context and define the next step.