Patient capital.
Enduring value.

We invest in people first.

27
Companies
6
Countries
2019
Founded
Thesis

Built on conviction.
Measured in decades.

We invest at our own pace. Some years we make several investments; some years, none. Better to wait for the right people and the right business — and when we find them, we're in for the long run. Hard moments always come along the way, and we'd rather be prepared for them.

01
Patient by design
No pressure to invest, no pressure to sell — we wait for what we believe in. That kind of patience takes discipline, every day.
02
People before products
We want to know who the founder really is before anything else. When the person is right, the rest follows.
03
Technology as a given
Technology and AI are part of everything we look at. What matters is a founder who can explain clearly why theirs is different.
The people we look for:
A track record we can trust.
People who make things happen, and have done it before.
Resilient under pressure.
Company-building, like sport, is pressure every day. People who can lose a battle and stay in the game.
People of their word.
Good people we can trust, kind to everyone around them.
Grounded.
Humble, curious, easy to be around. People who explain what they do simply.

Good people, building things that last.

Portfolio

Selected investments.

180 Seguros — SM Investments portfolio180 SegurosInsurance operations platform↗︎ Ambar — SM Investments portfolioAmbarConstruction technology platform↗︎ Anthropic — SM Investments portfolioAnthropicAI safety and research↗︎ BeConfident — SM Investments portfolioBeConfidentAI English conversation practice↗︎ Bornlogic — SM Investments portfolioBornlogicLocal marketing platform↗︎ Clicksign — SM Investments portfolioClicksignDigital signatures & contracts↗︎ Groq — SM Investments portfolioGroqFast AI inference platformExit · Nvidia↗︎ Inventa — SM Investments portfolioInventaB2B commerce, credit & logistics↗︎ Inyo — SM Investments portfolioInyoGlobal payments orchestration↗︎ Jusfy — SM Investments portfolioJusfyLegal automation with AI↗︎ Kenoby — SM Investments portfolioKenobyRecruiting & HR platformExit · Gupy↗︎ Macomics — SM Investments portfolioMacomicsMacrophage drug discovery↗︎ Media Hero — SM Investments portfolioMedia HeroMedia & marketing intelligence↗︎ Motorista PX — SM Investments portfolioMotorista PXPlatform for professional drivers↗︎ Notion — SM Investments portfolioNotionAI workspace for teams↗︎ OneCarNow — SM Investments portfolioOneCarNowVehicle subscription platform↗︎ OpenEvidence — SM Investments portfolioOpenEvidenceMedical AI for clinicians↗︎ OpenAI — SM Investments portfolioOpenAIAI research and productsExit↗︎ Patagon AI — SM Investments portfolioPatagon AIAI agents for sales teams↗︎ Project Prometheus — SM Investments portfolioProject PrometheusIndustrial AI↗︎ Religion of Sports — SM Investments portfolioReligion of SportsSports storytelling studio↗︎ Replit — SM Investments portfolioReplitAI app-building platform↗︎ Revelo — SM Investments portfolioReveloTech talent marketplace↗︎ Tenstorrent — SM Investments portfolioTenstorrentAI processors and compute↗︎ UME — SM Investments portfolioUMECredit infrastructure↗︎ Vixtra — SM Investments portfolioVixtraTrade finance infrastructure↗︎ Winnin — SM Investments portfolioWinninCultural intelligence platform↗︎
Contact

Let's build
something enduring.

If what you read here makes sense, we'd like to hear from you. Meeting good people is the best part of what we do.

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Thesis Portfolio Contact
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Portfolio
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