Mexico

LIV Capital will invest MXN$350m in Central de Corretajes (Cencor) to financially strengthen the new Mexican stock exchange BIVA.

Thor Equities Group and Thor Urbana, are launching four new projects in Mexico totaling 6m buildable square feet in October and November.  The company is continuing to develop, acquire, reposition and operate commercial, hotel and mixed-use projects in major cities and tourist destinations in Latin America, including the recently acquired Marina Town Center in Puerto Cancún, and the Four Seasons Resort and Residences Caye Chapel, Belize debuting in 2021.

Linzor Capital Partners had a partial syndication of its investment in Universidad Tecnológica Latinoamericana (UTEL), an online university in Mexico, through the sale of a minority stake to Seek, an Australian online training and employment services corporation. Linzor had previously invested in UTEL in May 2018.

Alta Growth Capital and  Nexxus Capital agreed to co-invest in Grupo Turistore, a retail operator focused on international tourists with fifty-six stores across beach destinations in Mexico.  This is Alta’s first investment from its third fund and its first co-investment with Nexxus Capital.

Sequoia Capital and Zetta Venture Partners invested US$2.25m in Rever, a Mexican employee innovation management platform. This is Sequoia’s first known investment in a Mexican startup. Sequoia’s other investments in the region include Nubank and Rappi.

Mexican management consultant GINgroup launched a seed-stage fund called GINCapital, which plans to invest MXN$2-10m in six to nine startups over the next 18 months.

Capital Índigo, a Mexican fund manager focused on private debt and venture capital investments in high-growth Mexican medium-sized companies, will be able to finance up to 20 companies in the next two and a half years, supported by resources raised by four investors via a MXN$1.6b CKD on the new Mexican stock exchange BIVA.

Harbor Mérida, the largest shopping center in southeastern Mexico, opened its doors to consumers in the Yucatan Peninsula. Built in partnership between Thor Urbana and Inmobilia with an investment of MXN$1.4b, the project seeks to attract tourism, business, and residential development to the Mérida area.

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.

Company: Gaszen Representative: Jennifer Reyna Title: CEO & Co-Founder   Jennifer Reyna founded Gaszen in Mexico in 2016 to disrupt how energy is consumed in Latin America.  Gaszen’s IoT gas management solution puts…