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We build, invest & support start-ups with positive environmental impact

Working from the earliest phases of entrepreneurship, we provide technical and strategic tools so that founders can scale their ideas.
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Build

Act as an institutional co-founder, doing hands-on work and creating solutions with regional entrepreneurs

Invest

Structure innovative investment vehicles to deploy more capital to where it is needed the most

Support

Work with investors, governments, NGOs and other actors to strengthen LAC’s environmental entrepreneurship ecosystem

We focus in three areas

Regenerating agricultural and forested lands.

Supporting companies that protect, sustainably manage, or restore land

Unlocking the ocean’s potential

Working with ventures that leverage and strengthen coastal and marine environments

Working with natural ecosystems

Promote innovations that protect, restore and are inspired by nature

Services

For start-ups: Strengthen your technology, business model and impact strategy, preparing you for investment and scaling

For investors and funds: Create robust climate-aligned investment theses, and find the best projects to support

For impact-driven organizations: design and implementation of impactful programs that support environmental entrepreneurship

For the environmental innovation community: Connect with mentors and peers, share knowledge and build community

People we have worked with

ProChile
UC Davis
Corfo
Seedstars
Capital for Climate
Breakthrough Energy

Highlighted Projects

LAC Edge Report

With support from Breakthrough Energy Discovery, we conducted a report providing a first-of-a-kind roadmap for Latin America and the Caribbean’s climate and nature tech ecosystem, highlighting the region’s rapid growth, first-mover advantage, and the capital needed to unlock its edge

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Seedstars Youth Climate Innovation Lab

We enabled a mentorship network for young innovators — refining ideas, testing market potential, and preparing for real-world impact
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C4C Scouting Nature-based Solutions

As LAC partners of Capital 4 Climate, we mapped over 300 investment opportunities and stakeholders promoting Nature-Based Solutions, facilitating more and better investments into the sector
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Would you like to support these exciting projects or collaborate with us to create something new? We’d love to hear from you!

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Who we are

Reciprocal was born at Stanford, where Benjamin Zehr and Daniel Gajardo joined forces with Gabriela Carrasco and Waldo Soto to pursue a shared conviction: Latin America and the Caribbean is the best climate investment the world hasn’t made yet.

Since then, Reciprocal has evolved into a venture platform operating across the region, driven by a growing team passionate about proving that thesis. We bring together a global mindset, LatAm roots, and lived experience building, investing in, and supporting climate and nature tech startups.

For us, the environmental crisis isn’t abstract, it’s personal. And we know LatAm has a unique edge to build global solutions for it.

Benjamin Zehr
Co-Founder and CEO
Benjamin Zehr
Co-Founder and CEO
Operator turned investor who built and scaled AgTech companies in India, now based in Houston. Brings firsthand experience of the messy realities of growing climate businesses in emerging markets.
Daniel Gajardo
Co-Founder
Daniel Gajardo
Co-Founder
Climate entrepreneurship leader based in San Francisco with roots in Chile, who led the commercialization of sustainability solutions at Stanford University’s Sustainability Accelerator. Now building the capital infrastructure LAC’s climate startups have been missing.
Gabriela Carrasco
Co-Founder
Gabriela Carrasco
Co-Founder
Climate acceleration leader who has worked shoulder-to-shoulder with 100+ entrepreneurs across Latin America, now based in New York. Knows what founders need because she’s been in the trenches with them.
Karine Yuki
Director and Head of Blue Economy
Karine Yuki
Director and Head of Blue Economy
Brazilian ecosystem strategist based in Mexico, directing Reciprocal’s programs and corporate engagement for LAC climate and ocean startups. Brings sustainable finance and strategy experience from the World Bank and BCG.
Charlotte Tabary
Ecosystem Manager
Charlotte Tabary
Ecosystem Manager
Innovation and partnerships coordinator who has helped startups grow and expand across sectors and borders. Originally from France, now based in Chile, bringing the operational glue that holds ecosystem programs together.
Keyla Campuzano
Program Coodinator
Keyla Campuzano
Program Coodinator
Mexico City–based ecosystem builder and acceleration leader with 5+ years designing and leading startup support platforms across Latin America. Knows how to take founders from early traction to investment-ready.
María Cerdio
Strategy & Ops Fellow
María Cerdio
Strategy & Ops Fellow
Mexican social innovation strategist who led Ashoka’s entrepreneurship program across Mexico, Central America, and the Caribbean. Now Reciprocal’s Strategy & Ops Fellow, leading strategic initiatives across our platform. Based in New York, finishing her MPA at Columbia.
Arturo Muyshondt
Investment Analyst
Arturo Muyshondt
Investment Analyst
Arturo is a Brown University student from El Salvador focusing on sustainable finance. At Reciprocal, he supports the team’s early-stage climate and nature investments through financial analysis, startup evaluation, and investment research across LatAm and the Caribbean.
From Latin America and the Caribbean, building solutions to the environmental crisis.