SkyDrop, a Mexican shipping logistics platform for online retailers, raised US$5m from Variv Capital, Y Combinator, FJ Labs, Sierra Ventures, EasyPost, Soma Capital, Sinai Ventures, GMF and Dynamo, a previous investor. SkyDrop participated in Y Combinator’s Spring 2018 cohort.
Angel Ventures led a US$1.3m seed investment in Homie, a Mexican residential rental platform, with participation from Narval Capital and Plug and Play San Francisco.
Dux Capital made an undisclosed investment in transcription startup Atexto.
IGNIA led an undisclosed investment in Kinedu, a Mexican edtech platform for early childhood development,with participation from BeCurious Partners, The Stanford-StartX Fund, and existing investors DILA Capital, Promotora Social México and Stella Maris. NXTP Labs, Social Capital and 500 Startups invested previously.
Mexican startup incubator Agave Lab announced plans to raise a second VC fund with a US$20-40m target to accelerate projects including Digitt, Fondeo Directo, Regiztra, VoxFeed and Easy Lex.
Creation Investments Capital Management made a MX$250m investment in Pluscorp, a Mexican financial services company.
ALLVP exited delivery startup Cornershop through a US$225m sale to Walmart.
Mexican venture firm GC Capital announced a first close of MX$100m for its second fund.
Dux Capital invested MX$600k in Refly, a platform for reselling airline tickets.
500 Startups selected 11 startups for its seed program in Mexico City, which includes US$60k in investment.