Chilean venture capital firm Manutara Ventures is looking to raise $50 million in fresh capital to invest in regional startups, Diario Financiero reported.

The company already has an $18 million fund through which it invests in technology firms. Manutara Ventures' main focus is on software and biotechnology companies.

According to the report, the company's portfolio includes startups such as Rhinobird INC, IPSUM SpA, ScoreID, Barracks, Camel Secure, Rocketbot and OpenCasa, among others.