The large venture capital team at market giant Carey acts for domestic and international venture capital funds on their investments in early and growth-stage start-ups. The full-service group also advises on the acquisition and sale of companies, along with assisting start-ups at each stage of their development; its expertise including seed capital financings, Series A rounds, growth stage financings and exits. It is additionally able to leverage the firm’s venture capital-focused Miami office during clients’ internationalisation processes and financing rounds. Highlights include advising Zapping TV, a Chilean start-up that provides ‘multi-streaming’ services to Latin American users, on its crowdfunding financing round through Chilean platform Broota (the matter reportedly the largest crowdfunding round ever raised in Chile). Admitted as a lawyer in both Chile and New York, recent mandates for Francisco Guzmán (current President of the Chilean Venture Capital Association) include acting for large corporate ventures and venture capital investors on high-stakes matters, along with assisting start-ups with their internationalisation processes. In the firm’s associate ranks, senior Andrés Latorre has notable expertise in transactions with international elements; and Carolina Miller is also a key member of the firm’s venture capital offering. Former senior associate Carlos Alcalde left the firm in September 2025.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'This is a team that responds quickly, has extensive market knowledge, and has an extraordinary strength: They handle legal aspects, but they also understand business, which allows them to work closely with the financial teams and participate in meetings not only to clarify risks but also to propose solutions during negotiations.'
- 'I think Francisco Guzmán deserves special mention. His knowledge of the Chilean market and, at the same time, of the relevant players in the US allows him not only to propose innovations in the way transactions are handled but also provides peace of mind that the best option is being chosen.'
- 'As a founder and tech executive, my experience with Carey's Venture Capital team has been very positive. For me, I would highlight their technical and legal rigor, as well as their true understanding of the entrepreneurial ecosystem. Based on my own experience, when reviewing the legal documents, they immediately identified irregularities in corporate governance that generated complications, but when analyzed correctly, they allowed me to make informed decisions and jointly develop a sound legal strategy.'
- 'What I expect from a Venture Capital lawyer is that from the outset, they will create a legal structure that allows for the organic growth of the company within the startup ecosystem. They will also support me with a legal strategy that allows me to execute the company's strategy. They will have knowledge of corporate governance. They will identify future risks and explain them to me. They will also be thorough and detail-oriented.'
- 'As a novelty, what stands out for me is their availability and the fact that in-person presence is not required. In that sense, they have helped me a lot. I have been able to count on them working in different countries, without losing continuity or work rhythm. Another very important aspect for me is that they are based in both Chile and the US, with in-depth legal knowledge of both countries.'
- 'I was working with them on a complex negotiation (Francisco Guzmán and Andrés Latorre), and I can say they have attention to detail and rigor. They stood firm with a legal strategy, where they addressed irregularities surrounding the shareholding structure, roles and responsibilities through corporate governance, and financial obligations. This perspective, not only legal, allowed me to be in a different position to negotiate.
- 'I had support in preparing for the legal objective. It was a strategy that was developed step by step on how to approach a startup. As the strategy was executed, I was legally protected.
- 'It's a close practice, where you can learn and understand the issues, not just resolve legal challenges. They focus on the business and strategy, and thus resolve and execute the associated legal issues. In contrast, other firms I've worked with are wary of getting involved, and this creates deficiencies in the legal solutions offered.'
- 'On a personal level, they offer a close and understanding of their counterparts. On a professional level, they handle issues beyond legal ones, such as government fund management, investment funds, and startups, which is key for us.'
- 'Based on our experience, this practice is distinguished by its strategic focus, adaptability, and high level of sector specialization. We have worked with various legal teams, and this firm stands out for its commitment, rapid response, and deep understanding of our business needs. The team demonstrates solid technical knowledge and a great ability to anticipate risks and offer practical solutions. Their approachability and willingness to understand our business make the advice much more effective and aligned with our objectives.'
Key clients
- Almacén Gurú
- Forastero Ventures
- Add Ventures
- Big Data Scoring
- Barracks
- Vizcaya Capital
- Unik Ventures
- Savia Ventures
- Manutara Ventures
- CMPC Ventures
- WeBoost
- Koywe
- Corporación Bien Público
- Zapping
- PhageLab
- Investors in Justo Delivery
- Xeptiva Therapeutics
- Minesense Technologies
Work highlights
Advised Zapping TV on the (reportedly) largest crowdfunding round ever raised in Chile, with the round achieving an oversubscription of 31%.
Advised Manutara Ventures on two investment rounds in Fracción, an online pharmacy.
Advised CMPC Ventures on an investment in Swedish company Modvion.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Andrés Latorre
Carolina Miller
Practice head
Francisco Guzmán