LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

ALL Venture Partners Makes a Rapid Move into the Services Energy Sector

March 22, 2015

(Press Release) ALL Venture Partners announces its investment in Estrategia Energia Electrica’s Seed Series through its second fund Venture Innovation Fund II. The company is a pioneer of electricity trading in Mexico aiming to become the leading platform as a power broker-dealer and intermediary between private energy producers and mid-size consumers in Mexico.

“Currently, underused capacity is a strong ache for electricity generators while costs are a growing concern for medium and large SMEs. With power demand expected to increase, E3’s technology will benefit from a first mover advantage in a newly created market” mentioned Francisco Fuentes, CEO of E3. While some tariffs are subsided by the government (households), industrial consumers face high electricity costs compared to the USA. Companies in Mexico face 41% higher prices compared to the USA. Yet, power demand is expected to increase at a constant rate, particularly in the services and medium industries. Electricity consumption of the segment targeted by E3 – large commercial, services & industrial SMEs – is estimated at US$20bn in 2014 and is expected to grow up to US$27bn in 2020. On the other side, the Federal Ministry of Energy determined that 100% of the increase of the capacity will be sold on the free market where electricity generation is expected to double by 2018.

Since the release of the Energy Reform in August 2014, the management team has developed a strong pipeline of both electricity generators and end-consumers and worked at the definition of the operational and legal model in collaboration with the main stakeholders. Days after the publication of the new rules and together with ALLVP’s investment, the founders are prepared for initial operations and technology development. Through an innovative trading business, E3 will bring economic added value to both electricity generators and SMEs end-consumers, proposing an efficient alternative to the existing monopoly of CFE. The broker-dealer platform arises in markets being open to competition by the regulations.

“E3 participated actively in helping understand and craft the new regulation. The founding partners make the most knowledgeable and experienced team with solid technical and financial credentials and ample experience within the public and private sectors which makes them perfectly positioned to offer the service” said Fernando Lelo de Larrea, Managing Partner at ALL Venture Partners.

ALL Venture Partners Makes a Rapid Move into the Services Energy Sector was last modified: July 22nd, 2016 by Editor
ALL Venture PartnersE3Electricity TradingEstrategia Energia ElectricaMexico
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • Today's top takeaways from the #LatAmVentureBulletin: https://t.co/JY9CRvO0hW https://t.co/KUabMLOT2U

    05-Aug-2022

    Reply Retweet Favorite
  • Leading VCs and tech investors active in Brazil are invited to join LAVCA's #EncontroAnualBrasil. Program highlight… https://t.co/9vWiCTnyuh

    05-Aug-2022

    Reply Retweet Favorite
  • Registration for #LAVCAWeek2022 is now open for all qualified institutional investors LAVCA Members and non-members… https://t.co/iiv4YQSuUc

    03-Aug-2022

    Reply Retweet Favorite
  • In July 2020, Crescera Capital invested ~USD72m in Grupo Zelo, a Brazil-based funeral services provider for familie… https://t.co/HXof8eS4PS

    02-Aug-2022

    Reply Retweet Favorite
  • Robert F. Smith (@RFS_Vista) of @Vista_Equity will keynote LAVCA Week 2022, taking place October 11-14 in NYC. LAVC… https://t.co/wBtoTUU7vS

    21-Jul-2022

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top