Capital raising services in the Dominican Republic
The Dominican Republic's VC market is small but growing as the country's free trade zone regime and CAFTA-DR market access attract cross-border tech investment alongside domestic family office capital.
Soluciones GBH's enterprise reach, Pagalista's payroll infrastructure and ZonaJobs DR's regional jobs marketplace have drawn interest from US and Latin American growth investors seeking Caribbean and Central American market exposure.
Flow manages VC fundraising processes for Dominican founders raising mid- to late-stage growth capital: we identify and target the right investors from our extensive network, prepare the pitch deck and financial model, and drive the end-to-end process - from investor outreach through final close - with the goal of securing capital on the best available terms.
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VC rounds raised in the last 12 months in the Dominican Republic
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Median VC valuation (across all stages) in the Dominican Republic
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Median VC revenue multiple (across all stages) in the Dominican Republic
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Largest VC round raised in the Dominican Republic in the last 12 months
Raising venture capital in the Dominican Republic
The DR's VC market is small. Most material venture-backed rounds at Series A and later involve an offshore holding structure (Delaware) for international investor familiarity and free zone alignment for operations.
Documentation conventions
Most venture-backed Dominican rounds use offshore-parent (Delaware) NVCA-aligned documentation. Pure-Dominican rounds adapt to Sociedad de Responsabilidad Limitada (SRL) or Sociedad Anónima mechanics.
SAFEs and convertibles
Y Combinator SAFEs are widely used in Dominican seed and Series A rounds with a Delaware parent. Local convertibles are used in pure-Dominican structures.
Holding structure choice
Most venture-backed Dominican companies operate via a Delaware holding parent over Dominican operating subsidiaries - preserves international investor familiarity and exit mechanics while using Dominican free zone benefits at the operating level.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is increasingly standard.
Foreign investment treatment
Dominican Republic FDI regime is among the more open in the region. Sector-specific approvals apply in defence, broadcasting and certain critical infrastructure. Most pure-tech rounds operate without sector-specific approval.
Closing mechanics
Closings vary by structure - offshore-parent closings follow international conventions. Dominican-domestic closings involve Cámara de Comercio filings and notarial procedures.
Top VCs and strategic investors in the Dominican Republic
Better Tomorrow Ventures, Boost VC, Norte Ventures and Morgan Creek Digital funded the most startups in the Dominican Republic in the last 12 months.
See all VCs in the Dominican Republic| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Better Tomorrow Ventures | | Better Tomorrow Ventures is a San Francisco-based venture capital firm that invests in early-stage fintech companies. The firm backs startups developing financial infrastructure, payments, and banking-as-a-service solutions. Its portfolio features companies such as Ramp, Mercury, and Modern Treasury. Partners with deep experience from Stripe lead investments typically ranging from seed to Series A stages. The firm operates from offices in San Francisco and New York, focusing exclusively on the fintech sector since its inception in 2020. | CapaRelyInstaSwitch+2 | 2 | Pre-seed | |
Boost VC | | Boost VC is a San Francisco-headquartered early-stage venture capital firm managing more than $200 million in assets. It targets deep technology sectors such as aerospace, virtual reality, energy, climate technologies, robotics, cryptocurrency, biotechnology, health, and artificial intelligence. The firm leads seed investments up to $2 million, supporting founders in hardware-intensive fields through its accelerator programs in Silicon Valley. | CapaNyadArmatrix Automations+2 | 2 | Pre-seed | |
Norte Ventures | | Norte Ventures is a São Paulo-based venture capital fund focusing on early-stage Brazilian and Latin American startups. It co-invests in seed rounds with founders from top regional tech companies and corporate leaders. The fund leverages networks for high-growth sectors like fintech and e-commerce. | CapaAroBond+2 | 1 | Pre-seed | |
Morgan Creek Digital | | Morgan Creek Digital is a Chapel Hill, North Carolina-headquartered digital asset hedge fund backed by Morgan Creek Capital Management, focusing on cryptocurrency investments and blockchain ventures. Launched in 2018, it manages funds trading Bitcoin, Ethereum, and altcoins while allocating to Web3 protocols and DeFi platforms. | CapaBlitzyNUVA Digital+2 | 1 | Pre-seed | |
Outlier Ventures | | Outlier Ventures is a London-headquartered venture capital firm specializing in blockchain and Web3 investments. Launched in 2014, it operates the Base Camp virtual accelerator program started in 2019, which has processed over 5,000 applications and supported more than 220 projects in raising $350 million in seed funding. Portfolio highlights include DeFi platforms like Biconomy, infrastructure projects such as Crucible, and billion-dollar ecosystems including Fetch.ai, Boson Protocol, Secret Network, Blox Move, Swash, and DIA Data. The firm partners with protocols like Aptos, Filecoin, IPFS, Polygon, and Polkadot, alongside FARFETCH, for tailored accelerator cohorts. It also offers Ascent advisory services for later-stage Web3 teams, emphasizing metaverse applications in NFT fashion, avatar marketplaces, decentralized music, play-to-earn games, and AR social protocols. | CapaUnicity LabsGacha Galaxy+2 | 1 | Pre-seed | |
Reverie | | Reverie is a Cayman Islands-incorporated advisory and investment firm focused on blockchain protocols and Web3 infrastructure. The company structures venture deals and token launches for decentralized autonomous organizations in DeFi and NFTs. Reverie advises on regulatory compliance in jurisdictions like Singapore and Dubai. Its portfolio includes layer-2 scaling solutions and oracle networks deployed on Ethereum and Solana. | CapaUnblockPayPRED+1 | 1 | Pre-seed | |
POLYGON |  | POLYGON is a Chinese manufacturer of IoT devices for LPG cylinder management in the gas industry. The company produces intelligent angle valves, quick-connect valves, filling guns, and cloud-based software platforms. POLYGON's systems enable real-time tracking, leak detection, and inventory control for distributors across Asia from its facilities in Shandong Province. | CapaOpen CampusGuild+2 | 1 | Pre-seed | |
Alter Global | | Alter Global is a San Francisco-headquartered venture capital firm investing in early-stage tech startups across Southeast Asia, Latin America, Middle East, and Africa. It has deployed capital in 40 companies including Southeast Asia's Gojek and Latin America's Clip since 2015. The firm builds founder networks in 18 countries. Alter Global operates from Singapore and Mexico City hubs. | CapaOnSiteFlextock+2 | 1 | Pre-seed | |
Morgan Creek Capital Management | | Morgan Creek Capital Management is a Chapel Hill, North Carolina-based SEC-registered investment adviser managing portfolios for institutions and high-net-worth families using the University Endowment Model. The firm conducts asset allocation across public equities, hedge funds, private equity, and real assets, with strategies emphasizing diversification and long-term returns since its 2004 founding. | CapaNiobium MicrosystemsSARELLY SARELLY+1 | 1 | Pre-seed |
What if not VC? Non-equity funding in the Dominican Republic
The DR's non-dilutive funding stack is moderate - between free trade zones, ProDominicana programmes and CNC competitiveness initiatives, Dominican startups have multiple paths to extend runway.
Free trade zone benefits
0-3.5% effective corporate tax rates and customs benefits for qualifying export-oriented operations. Material for tech, software and BPO operations headquartered in the DR.
ProDominicana programmes
ProDominicana administers export-promotion and innovation programmes. Provides grants and acceleration for qualifying Dominican companies.
CNC competitiveness initiatives
CNC administers competitiveness and SME programmes. Slow but non-dilutive.
Dominican angel ecosystem
Small but active angel scene driven by regional family offices and the growing Dominican tech alumni base. Endeavor República Dominicana coordinates structured angel investment.
CAFTA-DR market access
Dominican Republic's CAFTA-DR free trade agreement with the US and Central America provides tariff-free market access for export-oriented Dominican tech businesses. Not a direct funding source but materially shapes export economics.
Cross-border financing
Most material Dominican tech-company financing happens at the offshore parent (Delaware) level via cross-border providers. Banco BHD, Banreservas and Banco Popular provide standard SME lending.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across the Dominican Republic and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in the Dominican Republic.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
Got questions?
Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
More services
We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in the Dominican Republic
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in the Dominican Republic
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
Learn moreTalk to us
Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
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