Mexico's startup ecosystem presents a promising landscape for innovation, growth, and economic development. Identified as the second-largest startup market in Latin America, there has been notable growth in venture capital investments and the number of new companies formed in the country. In this article, we have compiled a comprehensive list of the top VC funds and angel investors in Mexico that may be the right funding partner for you.
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Why Should You Raise Funds in Mexico?
Startups should consider raising funds in Mexico for the following reasons:
1. Growing Startup Ecosystem:
Mexico's startup ecosystem is rapidly evolving, with an increasing number of startup incubators, accelerators, and venture capital firms supporting early-stage companies. The Mexican government also recognizes the importance of innovation for future economic growth and has launched various programs and initiatives to foster entrepreneurship and accelerate innovation. Startup Chihuahua, for example, offers resources and networking opportunities to entrepreneurs in the Chihuahua region. Additionally, the Guanajuato State Government has implemented a strategy to promote entrepreneurship, providing access to funding, training, and mentorship. These organizations and initiatives provide funding, mentorship, and expertise, making it an opportune time for startups to raise funds in Mexico and benefit from the thriving ecosystem.
2. Access to a Growing Market:
Mexico offers access to a large and rapidly expanding market. With a population of over 122 million people, there is a significant customer base for startups to tap into. Moreover, Mexico has established 44 free trade agreements, enabling businesses to extend their reach beyond the local market and explore international opportunities. These trade agreements open doors to various global markets, making it easier for startups to expand and export their products or services.
3. Strategic Location for Collaboration:
Mexico's strategic location between North and South America enables collaboration between startups based in the United States and Mexico. This geographical proximity facilitates the exchange of ideas, expertise, and resources, leading to increased collaboration and strategic partnerships. Startups can leverage this proximity to access a diverse talent pool, share knowledge, and gain valuable market insights. The close proximity also enables easier travel and communication, making it convenient for entrepreneurs to work together and foster innovation. This strategic location enhances the potential for collaboration and synergies between U.S. and Mexican startups, creating a conducive environment for growth and development.
Venture Capitalist Funds in Mexico
The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2014
Stage: Pre Seed, Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Nuvocargo, Billpocket, DeltaX, Paisa, Payform
Magma Partners is an early-stage venture capital firm that specializes in finding, investing, and supporting the best startups in Latin America. With a focus on solving big problems in the region, Magma Partners has backed over 125 startups. Magma Partners provides startups with a platform called Magma Memo, where they can share their information and pitch their ideas.
Year of Inception: 2014
Stage: Pre Seed, Seed, Series A, Series B
Focus: Biotech, Commerce, Data, EdTech, FinTech, FoodTech, HealthTech, InsurTech, Logistics, PropTech, SpaceTech
Notable Portfolio: Auba, Somos, Trebu, Syntage, Vaas
Nazca is a venture capital firm that supports entrepreneurs in building technology-enabled businesses in Latin America. The firm offers venture capital, network, market intelligence, strategy advice, talent sourcing, and business partnerships to portfolio firms. The firm is known for its Nazca Network program, which aims to empower and support founders in Latin America. The program offers various services, including commercial introductions, fundraising support, knowledge sharing, human capital support, and perks with service providers.
Year of Inception: 2015
Stage: Seed
Focus: Sector Agnostic
Notable Portfolio: Innovare, Zubut, Cubbo, Mozper
Dux Capital is a venture capital fund that focuses on investing in early-stage companies with the desire to make a positive impact in the Latinx community. Committed to fostering diversity, equity, and inclusion, Dux Capital aims to empower underrepresented voices in the investment landscape.
Year of Inception: 2013
Stage: Seed, Series A
Focus: AgriFood
Notable Portfolio: Open English, Turing, Nimbl, Turade, Crowdfunder
Ideas&Capital is a venture capital firm based in Mexico that focuses on investing in early-stage and growth companies. They believe that by supporting local small and medium-sized enterprises (SMEs) in their journey to become global players, substantial value can be created. Additionally, Ideas&Capital serves as an excellent operative partner for foreign companies looking to establish a presence in Mexico. The firm's investment approach involves partnering with management teams to provide both financial and strategic support to their portfolio companies.
Capital Invent
Year of Inception: 2013
Stage: Seed, Series A
Focus: Fintech, Marketplace, Ecommerce, Smart Cities, EdTech, Healthtech, SaaS
Notable Portfolio: Instafit, Aliada, Collective, Gaia, Nubity
Capital Invent is an early-stage venture capital fund based in Mexico. The fund focuses on investing in consumer internet startups across various sectors, including fintech, marketplace, e-commerce, smart cities, edtech, healthtech, and SaaS. As an early-stage investor, Capital Invent provides capital to startups with high growth potential in exchange for equity.
Year of Inception: 2019
Stage: Seed, Series A
Focus: Mobility
Notable Portfolio: Gauge, Rhythmos, Deftpower, Solvento, Ottometric
Proeza Ventures is a venture capital firm that invests exclusively in early-stage start-ups in the mobility space. Founded in 2019, the firm is based in Monterrey, Mexico, and Houston, Texas. Proeza Ventures focuses on seed-stage and early-stage companies, making it an ideal partner for entrepreneurs looking to get their companies off the ground. The firm provides funding and support to help start-ups develop their products and scale their businesses.
Year of Inception: 2008
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Terapify, Altum Lab, Rocketbot, Creizer
Angel Ventures is a leading venture capital firm based in Latin America which operates across Mexico, Colombia, and Peru, actively seeking innovative startups with disruptive business models and scalable solutions. One of the key strengths of Angel Ventures is their extensive network and strategic partnerships. They collaborate with leading corporations, government entities, and other venture capital firms to create value for their portfolio companies. This network provides startups with access to resources, expertise, and market opportunities, facilitating their growth and expansion.
Year of Inception: 2012
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Kueski, Bitso, Cabify, Conekta
Cometa VC is a venture capital firm that focuses on investing in early-stage technology companies targeting Spanish-speaking markets. The firm prioritizes companies with a clear vision, understanding of their target market, and a defensible business model. With a mission to support and nurture startups, Cometa VC provides funding, mentorship, and strategic guidance to help companies develop their products and scale their businesses. They have a strong network of industry experts and investors that enables them to connect startups with the right resources and opportunities for growth.
Year of Inception: 2017
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Billpocket, Yotepresto, Zenfi, Kleverness, Apperto
Redwood Ventures is a venture capital investment firm based in Guadalajara, Mexico. The firm believes in the disruptive capabilities of technology and seek to work with founders looking to transform reality and create the future through technology. The firm acts as a partner for startups and empowers them towards growth.
Year of Inception: 2013
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Nubank, Konfio, Midas, Toku, Aviva
Wollef Ventures is a venture capital firm based in Mexico City, Mexico. Founded in 2013, the firm specializes in investing in technology companies, particularly in the digital, software, and software-as-a-service sectors. Wollef Ventures aims to support and nurture early-stage companies by providing them with funding, mentorship, and access to a network of industry experts. The firm values hard data, continuous learning, and meaningful relationships, and seeks to build successful teams where each member can reach their full potential.
Year of Inception: 2012
Stage: Seed, Series A, Series B
Focus: Fintech, The Future of Commerce, Smart Cities, Foodtech, Human Capital
Notable Portfolio: Cornershop by Uber, Skinkansen, Senzai, Yana
ALLVP, also known as Angel Ventures, is a prominent venture capital firm in Latin America. They are considered one of the most active and influential Mexican VC firms in the region. ALLVP focuses on investing in early-stage to early-growth companies that are working on solving Latin America's hardest problems. They are particularly interested in startups that are addressing inefficiencies and exclusivity in industries such as finance, education, healthcare, and sustainability.
Year of Inception: 2011
Stage: Seed, Series A, Series B
Focus: Inclusion, Climate Innovation, Business Productivity, Digital Consumer
Notable Portfolio: Bankingly, DecisionNext, Nuve, Technisys
Dalus Capital is an international venture capital firm that is dedicated to backing purposeful entrepreneurs who are building enduring market-leading companies in Latin America. Dalus Capital has a strong commitment to driving positive change and making a meaningful impact on the environment and communities in Latin America. They invest in scalable solutions in four main investment themes: Inclusion, Climate Innovation, Business Productivity, and Digital Consumers.
Year of Inception: 2013
Stage: Seed, Series A, Series B
Focus: Sector Agnostic
Notable Portfolio: Undostres, Ivoy, Kleverness, Colima
Soldiers Field Angels is a venture capital firm based in Mexico City, Mexico. Founded in 2013, the firm focuses on making high-impact investments in early-stage startups across Mexico and Latin America. The firm's mission is to support and nurture the growth of promising startups, providing them with the capital and expertise they need to succeed in the competitive market.
Year of Inception: 2012
Stage: Seed, Series A, Series B, Series C
Focus: Internet
Notable Portfolio: Coru, ComparaGuru, Samlino.dk
Nova Founders Capital is a global venture capital and private equity firm that focuses on identifying opportunities for creating or investing in innovative internet businesses. The company is known for its disciplined approach to investing and building sustainable large-scale business models in rapidly growing internet markets, Nova Founders Capital provides continuous financial and operational support to its portfolio companies, nurturing them to achieve long-term success.,
Year of Inception: 2010
Stage: Seed, Series A, Series B, Series C
Focus: Internet, Mobile, Consumer, Security, Healthcare, Communications
Notable Portfolio: Rhomobile, Kubo Financiero, Technisys
Alta Ventures Mexico is an early-stage venture capital firm with locations in Mexico, Utah, and Colombia. Alta Ventures is known for its entrepreneurial culture and expertise in driving innovation and growth. They provide funding for companies with enterprise values ranging from $1 to $7 million, typically investing between $50,000 and $10 million.
Year of Inception: 2007
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Apli, Finnovista, Karmapule, Konfio, Polaroo
IGNIA Partners is a venture capital firm that specializes in investing in tech entrepreneurs in Latin America. They focus on supporting startups that are addressing the needs of the emerging middle class in the region. IGNIA provides funding, mentorship, and strategic guidance to early-stage companies, both international startups coming to Mexico and Latin America, as well as high-growth startups based in the region. Their deep operational experience, extensive network, and strategic partnerships make IGNIA a valuable and trusted partner for startups looking to scale and succeed in Latin America.
Year of Inception: 2011
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Aplazo, Carmino, Escale, Melvi, Minka
Kaszek Ventures is a venture capital firm that focuses on investing in high-impact technology-based companies in Latin America. With a strong emphasis on the technology industry, Kaszek Ventures particularly looks for opportunities in electronic commerce, corporate software, and other innovative sectors. They have a proven track record of successful investments and have been actively involved in the Latin American technology ecosystem for over 20 years. Kaszek Ventures provides not only capital but also valuable expertise and support to help their portfolio companies thrive and achieve their goals.
Angel Investors in Mexico
Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
The Latin America and Caribbean Trade Association for Business Angels (LACBAN) is an international umbrella organization that aims to support and promote angel investing in the Latin American and Caribbean region. LACBAN was founded in 2022 and is based in Mexico City. It serves as the global voice for angel investors in the region, who currently invest over $10 billion per year in startup ventures. LACBAN's main objective is to ease access to finance for entrepreneurs in the region and create an ecosystem of entrepreneurship and innovation that leads to economic prosperity. The organization works towards promoting financial inclusion, gender equality, and digital inclusion in the region.
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
LAVCA, the Association for Private Capital Investment in Latin America, is a non-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean. With nearly 200 member firms and assets totaling over $65 billion, LAVCA plays a crucial role in spurring regional economic growth. They achieve this through various initiatives, including research, networking, education, promotion of best investment practices, and advocacy of sound public policy.
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio:
Angel Investment Network Mexico is a platform that connects entrepreneurs seeking investment opportunities with potential investors. It provides a user-friendly interface that allows entrepreneurs to easily create and present their pitches to a wide network of investors. The platform offers access to thousands of investment opportunities, giving entrepreneurs a chance to showcase their ideas and attract funding for their ventures.
To join Angel Investment Network Mexico, entrepreneurs can simply fill out an online form and create their pitch.
Closing Thoughts on VCs and Angel Investors in Mexico
Mexico's startup ecosystem is a critical driver of innovation and economic growth in the country. The government's support, investment opportunities, incubators/accelerators, and support networks have contributed significantly to the growth of the ecosystem. Notable players in the Mexican venture capital scene, such as Alta Ventures Mexico, IGNIA Partners, Kaszek Ventures, LACBAN, LAVCA, and Angel Investment Network Mexico, provide funding, mentorship, and expertise to startups, making it an opportune time for entrepreneurs to raise funds and benefit from the thriving ecosystem.
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