Update on VC/Tech in Mexico

April 9, 2019
VC in Mexico

LAVCA, in partnership with Latin American Tech Growth Coalition member KIO Networks and with support from Endeavor and AMEXCAP, hosted a cocktail on April 3, 2019 in Mexico City with 100+ leading entrepreneurs and investors.

According to LAVCA Industry Data, Mexican startups raised US$175m from venture capital fund managers across 95 transactions in 2018, representing an increase of 119% of capital invested and 61% in number of deals compared to 2017.

VC investment trends for Mexico during this period include:

  • Fintech represented 46% of the total number of transactions (vs. 38% in 2017) and 42% of the total dollars invested in 2018 (vs. 36% in 2017)
  • Transportation tech deals increased from less than US$1m in 2017 to US$47m in 2018.

Access LAVCA’s presentation on VC/tech activity in Mexico including:

  • A list of the 10 largest deals (2017-Q1 2019)
  • New investors targeting Mexican tech
  • Mexico-specific milestones from some of the leading tech players including Facebook, Amazon, Google, Spotify, and others.
Download LAVCA Presentation

Thank you again to KIO Networks for hosting and a special thanks to Alejandro Solis, the head of Rappi Mexico, and Mariana Castillo, Co-Founder of Mexican startup Ben and Frank, for sharing their insights on the local ecosystem.

LAVCA members and partners that attended included: AC Ventures, Adobe Capital, Amadeus Capital, Fondo de Fondos, DILA Capital, Facebook, Finnovista, General Atlantic, Google, IGNIA Partners, Jaguar Ventures, MercadoLibre, Polymath Ventures, Silicon Valley Bank, Wayra Mexico, and others.

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Quote

  • This is not the first and will not be the last measure that we are going to take. We are serious about changing the rules and having a better environment for entrepreneurship to thrive…

    –Mariano Mayer

  • We are very careful about not overcapitalizing companies.

    –Alan Patricof

  • Making an investment decision comes down to the people.

    –Alex Rossi, Managing Partner, LIV Capital

  • We look at the longevity, the fit, deal attribution by team member. We look at their performance as well as how they focus and what their expertise is…What differentiates them from their peers?

    –Adam Ritter, Vice President, Harbourvest

  • The most helpful thing that an investor can do for an entrepreneur is connecting them to great people, and then taking them to experts and connecting them to early customers and partners.

    –Cyrus Massoumi

  • We never do a deal alone, never, not one single deal in our entire portfolio are we the only investor. We always have someone else.

    –Alan Patricof

  • Empathy is one of the things we value a lot.

    –Michael Nicklas, Partner, Valor Capital

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