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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MADE POSSIBLE WITH SUPPORT FROM

LAVCA’s gender diversity research is made possible with support from IDB LAB, Member of the IDB Group. Access information about WeXchange, a forum hosted by IDB LAB that connects high growth women entrepreneurs in LatAm with investors and mentors.

Methodology

This list includes 114 senior-level women investment professionals who are deploying capital in early and growth stage tech deals in Latin America, as well as notable women angels investing over USD50k across multiple deals in the region in the past two years. All investors were vetted for inclusion by LAVCA Research.

Every year since 2016, LAVCA solicits nominations of top women investors in tech from the investment community. The inaugural list included 37 investors; the 2017 list added eight new investors. In 2018, complementing the peer nomination process, LAVCA reviewed the investment teams of all active Latin American VC funds, producing a list of 82 senior-level and 47 mid- and junior-level investment professionals. In 2019, those numbers jumped to 88 and 87, respectively, and increased to 103 and 97 during 2020.

NOMINATE AN INVESTOR

This list is not exhaustive; if you know of a junior- or mid-level investment professional working on Latin American tech deals who should be on this list, contact [email protected].

TOP WOMEN INVESTING IN LATIN AMERICAN TECH

LAVCA’s companion list of Top Women Investors in Latin American Tech includes 114 senior-level women investment professionals who are deploying capital in early and growth stage tech deals.