Chile’s Screen Capital is launching a $20 million venture capital fund targeting principally TV series and movies with part streaming platform distribution. To launch in March, it is Chile’s first private investment fund specializing in the audiovisual and entertainment sector, and focuses on productions from the Spanish-speaking world, as reported by the specialized media Variety. 

Based out of Santiago de Chile, but with members and collaborators in Argentina, the U.S. and the Dominican Republic, Screen Capital is backed by Chile’s Production Development Corporation (Corfo).

Founded by former Chile Film Commissioner Joyce Zylberberg and Tatiana Emden, who oversaw Chile’s Audiovisual Development Fund, the country’s principal source of public-sector incentives, Screen Capital numbers among its partners Edgar Spielmann, ex-VP and COO of Fox Networks Group Latin America.