The partnership

Principal investors and industry veteran entrepreneurs, building side by side.

Cumular is led by a partnership between investors who have structured and governed institutional capital, and operators who have built and run industrial businesses themselves. Both sides put capital behind every platform.

Investing Partners

Jorge Quiroga

Managing & Investing Partner

Miami, Florida

Leads — Investment strategy, commercial growth, digital value creation and portfolio operations.

Mr. Quiroga brings over a decade of combined entrepreneurial and operating experience to Cumular's active company-building approach. He co-founded and led Blacksip, an award-winning eCommerce and digital consultancy that scaled to 200 employees, and El Market, the second-largest travel retail company in Latin America, later acquired by Southern Cross Group. He began his career as the second hire on Google's Colombia and New Markets LATAM team, leading Fortune 100 client revenue through digital marketing and analytics.

M.Sc. Business Management, Stanford GSB. B.S. Computer Engineering and B.S. Industrial Engineering, Universidad de los Andes.

Santiago López

Managing & Investing Partner

Houston, Texas

Leads — Investment strategy, acquisitions, value creation and portfolio finance.

Mr. López brings more than ten years of combined investing and hands-on entrepreneurial experience as an operator to Cumular's active company-building approach. He participated in acquisitions and exits representing more than $400 million of enterprise value, and founded and served as CEO of Soulfoods, a multi-brand food delivery platform that scaled to more than 100 employees.

MBA, Stanford GSB. B.S. Industrial Engineering, Universidad Iberoamericana.

César Pérez Barnés

Investing Partner

Mexico City, Mexico

Leads — Investment governance, fiduciary oversight and capital allocation.

Mr. Pérez Barnés brings more than twenty years of principal investing experience, strengthening the firm's investment governance, structuring and oversight. He was a Principal at Advent International and Managing Director, Mexico at Southern Cross Group, where he led over $700 million of investments across multiple sectors, resulting in two IPOs and multiple exits. Most recently, he launched Santander's Alternative Assets strategy for North America.

MBA and M.S., MIT. B.S. Chemical Engineering, UNAM.

Operating Partners

Operating Partners are not hired executives. Each co-authors the investment thesis for their space, contributes or sources the initial businesses, co-invests alongside the firm, and leads execution of the platform they help design.

Edmundo Montaño

Operating Partner

Guadalajara, Mexico

Leads — Integration and growth of a U.S. industrial equipment and services platform.

Mr. Montaño contributed his industrial equipment and services company to launch a Cumular platform, and leads its execution as an operating partner and co-investor. He previously led North American expansion at Drip Capital, following roles at BCG and Rocket Internet. He combines industrial manufacturing, machinery, digital commercial growth and cross-border operating experience.

MBA, Harvard Business School (Fulbright Scholar). B.S. Mechatronics Engineering, Tec de Monterrey.

Matt Coughlin

Operating Partner

Ontario, California

Leads — Consolidation strategy for an air filtration and dust collection platform.

Mr. Coughlin contributed his air filtration business to found a Cumular platform, and leads its consolidation strategy as an operating partner and co-investor. He acquired that business in 2022 and grew it roughly 2.5× since, building category-leading digital demand in dust collection. Before that he spent fifteen years in aerospace and turbomachinery — program manager on F-15, F-16 and UH-60 programs at Collins Aerospace, and engineer at Pratt & Whitney and Solar Turbines.

M.S. Supply Chain, University of San Diego. B.S. Manufacturing Engineering, Cal Poly.

As a team

The partnership has executed multiple buy-and-build platform strategies across IT services, pharmaceuticals and real estate — combining active acquisition, operational integration and institutionalization to drive long-term value creation.

Joining the partnership

We are always looking for the next Operating Partner.

If you have built, run or scaled a business in one of our target verticals and want to build a platform rather than manage a single company, the conversation starts the same way every time — with your thesis, not ours.

What we look for

Every platform starts with a conversation between people who have done it before.

Whether you invest, operate or own, this is where it begins.

Request an introduction