Venture Capital 2025

ARGENTINA Trends and Developments

Trends and Developments Contributed by: Manuel Tanoira, Lucía Rivas O’Connor, Luis Merello Bas and Dolores Nazar TCA Tanoira Cassagne

TCA Tanoira Cassagne is one of Argentina’s leading full-service law firms, founded in 2011 and based in Buenos Aires. The firm advises clients across a broad spectrum of industries, with a particular focus on start-ups, venture capital, M&A and capital markets. The firm’s venture capital team, the largest in Latin Amer - ica, consists of over 20 professionals, offering comprehensive legal services in structuring in - vestments, fundraising, cross-border transac - tions and corporate governance. Based in Bue -

nos Aires, TCA also provides legal counsel to tech start-ups, corporations and venture capital funds in the region. Among the firm’s clients in the venture capital space are Galicia, Mu - ral, Rappi, Xapo, Cabify, Bresh, Newtopia, The Yield Lab, Byx Ventures, YPF Ventures, Newto - pia, Shefa VC (IRSA), NATAN VC (Bind), Blukap Ventures, Alina VC, Innventure, Panambi Ven - tures, which receive assistance with a variety of complex transactions and regulatory matters.

Authors

Manuel Tanoira founded TCA Tanoira Cassagne in 2011 and leads the firm’s venture capital practice. With over 25 years of experience, he specialises in advising start-ups, VC funds,

Lucía Rivas O’Connor is a lawyer at TCA Tanoira Cassagne and graduated with honours from the Law School of Universidad Austral. She has more than ten years of

and corporations on investment rounds across all stages. He was a co-drafter of Argentina’s Entrepreneurial Capital Support Law (No 27.349) and is also a professor at Universidad de San Andrés, teaching Venture Capital, Entrepreneurship, and Private Equity in the Master in Finance, Law & Corporate Governance programme. He is a member of ARCAP and a co-founder of ASEA, where he also serves on the Public Policy Board.

experience in venture capital and start-ups and specialises in advising entrepreneurs, start- ups, investors, venture capital funds, and corporate venture capital on cross-border transactions, primarily involving companies based in Latin America. She was a co-drafter of Argentina’s Entrepreneurial Capital Support Law (No 27.349), which was enacted in 2017. Lucía is also a collaborator and professor at various universities, contributing to initiatives and postgraduate courses focused on advising and training entrepreneurs and SMEs.

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