Fundraising Fox

Kandeo

Private equity

Bogotá · Growth–Late Stage · 18 people tracked

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Investment thesis

Kandeo invests across Latin America with a focus on financial inclusion and essential financial services for underserved populations. Its private equity strategy acquires and grows middle-market enterprises in Colombia, Mexico, and Peru, while its private debt strategy closes SME financing gaps through customized credit solutions. Additional strategies include payroll-deduction lending (libranzas) in Colombia, supply chain finance through Supply Capital Technologies leveraging electronic invoicing and credit insurance, acquisition of Colombian government legal judgments for early liquidity, and financing the transition to natural gas vehicles in partnership with Ecopetrol. The firm emphasizes capital protection, transparency, and secured, insured returns.

Invests inCleantechClimate TechEnergyFintechImpact & Social GoodBogotáColombiaLatin AmericaMexicoPeruUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Growth–Late Stage
HQ
Bogotá, CO
Instruments
Equity · Debt
Founded
2014
Tracked investments
1

Team · 18 people

from the firm's website
Eduardo Michelsen Delgado· Managing Founder Partner | CEO
Edgar Sandoval· Managing Partner | Advisor to the CEO
Sandra Lara· Business Development Partner
Antonio Franco· Managing Director, Head of Operations
Christian Lesmes· Managing Director, Head of Business Development
Daniela Calderón· VP Legal & Deal Structuring
Diana Hernandez· Office Manager Colombia
Eimy Alarcon· Investment Analyst - ESG
Felipe Rodriguez· Managing Director, Head of Revenue & Team Efficiency
German Michelsen Cuéllar· Chairman of Credit Oversight
Juanita Ordoñez· Investment Associate
Leonardo Fagua· Head of Risk & Credit Oversight
Luis Gustavo Huanca· Investment Analyst - Risk
Luisa Guevara· Managing Director, Head of Administration & Compliance
Maria Elizabeth Leyton· Accounting Associate
Pablo De la Torre· Managing Director, Head of Legal & Deal Structuring
Sulma Gómez· Accounting Associate

Investments · 1 tracked

founders shown can be your intro path
Supply Capital Technologies

A supply chain finance initiative combining real-time infrastructure and data analytics to deliver insured returns, including a credit insurance API connected to Munich Re.

Frequently asked questions

What stage does Kandeo invest at?
Kandeo invests at the Growth, Late Stage stages.
What sectors does Kandeo focus on?
Kandeo focuses on Cleantech, Climate Tech, Energy, Fintech, Impact & Social Good.
Where is Kandeo located?
Kandeo is headquartered in Bogotá, CO.

Media · Podcasts & interviews

featuring the team

Eduardo Michelsen Delgado, Kandeo Asset Management at GBM: Latin America & Caribbean 2024

Global Banking & Markets · Eduardo Michelsen Delgado

Images

Kandeo photo

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