Top 15 VC Firms In Mexico

Top 15 VC Firms In Mexico

Are you looking for a VC firm for your Mexico-based startup?

Mexico features a promising startup ecosystem. One of the reasons Mexico has become a hotbed for startups is governments support.

The Government has been investing heavily in the countries entrepreneurial sector.

Besides government support, the startup funding and incubator system in Mexico is one of the most mature in Latin America.

According to the Mexico Business news, Mexico registered an increase in the number of deals led by the Foreign VC firms.

That does not mean that the foreign capital is better positioned to understand the market than the local players.

In fact, there are a number of successful venture capital firms in Mexico and we've curated a list of the best local firms in the area. Additionally, we provide you with:

  • Investment size
  • Funding stages
  • Typical industries the firm works with
  • Well known companies the VC firm has invested in

Here's the list:

1. Cantera Capital

  • Location: Mexico and Israel
  • Industries: Sector Agnostic
  • Investment Range: US$250k to US$1 million
  • Stage: Early Stage

Cantera Capital is an early-stage VC firm investing in deep technology innovation. Targeting health, education, and agri-business sectors. The VC firm invests between $250K and $1Million.

The VC firm champions improved women's health, rural development, and improved access to education.

Learn more about Cantera Capital ➜

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2. Alta Ventures

  • Location: Mexico, Lehi, UT
  • Industries: Internet, SaaS Computing, Mobile Computing, Consumer, Security, Communications and Health Care
  • Investment Range: ~$500K - $10M
  • Stage: ~Seed Stage
  • Companies invested in: ~Mappen, Murally, Converus

Alta Ventures is an early-stage firm providing seed, growth, and venture capital. Its area of focus is SaaS Computing, Mobile Computing, Internet, Consumer, Security, Communications, and Health Care.

Alta supports enthusiastic entrepreneurs to grow innovative companies and reach new heights.

Their investments range from as little as $500K to as much as $10M.

Learn more about Alta Ventures ➜

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3. Ignia

  • Location: Monterrey, Mexico
  • Industries: Technology
  • Investment Range: US$2 Million to US$11 Million
  • Stage: Early Stage
  • Companies invested in: Abra, Afluenta, Airtm, Apli, Dog Hero, Credijusto, Bind ERP, Arcus.

Ignia invests in world-class technology companies focused on solving problems faced by the emerging middle-class population. The VC firm aims at supporting regional startups in going international and opening global doors.

They provide capital investments and strategic experience, working alongside teams to create a forward-thinking strategy for their portfolio companies.

Ignia links portfolio companies to a network of investors while helping them to build strong management teams and to optimize results. They invest US$2 Million to US$11 Million per company

Learn more about Ignia ➜

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4. Magma Partners

  • Location: Mexico, Chile, Colombia, Argentina
  • Industries: Sector Agnostic
  • Investment Range: $25k to $5M
  • Stage: Early Stage
  • Companies invested in: Kushki Pagos, Truora, Vexi, On Top, Albo, Billpocket, Fanatiz, Compound Foods.

Magma Partners invest in early-stage companies at pre-seed and series-A stages. The VC firm invests between $25K to $5Million, helping the portfolio companies build successful enterprises.

Typically, the Venture fund seeks to support entrepreneurs who aim at solving the biggest challenges in industries like Insurtech, Fintech, APIs, Marketplaces, SaaS, edtech, and more.

Learn more about Magma Partners ➜

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5. ZX Ventures

  • Location: Mexico, Argentina, Chile, Colombia
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Seed stage - Series A
  • Companies invested in: BanQu, BioBrew, Catalant, Foxtrot Systems, Winnin, Pensa, Leaf.

ZX Ventures invests in businesses that focus on meeting the needs of tomorrow. Though this is a sector agnostic firm, still they prefer to invest in the sustainability, Agile industry, and E-commerce industry. They typically fund companies with a promising prospectus and a passionate team with immense faith in their ideas.

Learn more about ZX Ventures ➜

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6. Rise Capital

  • Location: Silicon Valley, Mexico City, Sao Paulo, Lagos, Dubai, Mumbai, Singapore.
  • Industries: Internet Companies
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Facily, Kueski, GAIA, MiSalud, InstaCarro

Rise Capital is a VC firm targeting leading internet companies within the largest emerging markets. The firm backs industry-leading companies that attack addressable market opportunities leveraging its experience as emerging internet operators within the target markets.

Learn more about Rise Capital ➜

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7. Dila Capital

  • Location: Mexico City
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Kushki, Quinio, Moons, Crehana, Urbvan

Dila Capital is a seed-stage and early-stage VC firm offering equity investments, debt financing, and management guidance. The VC firm seeks to help companies build successful enterprises.

Therefore, they provide day-to-day guidance and work with the company management to assist them in making the right business decisions.

Learn more about Dila Capital ➜

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8. Polymath Ventures

  • Location: Bogota, Mexico City, Los Angeles.
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Aflore, Elenas, Autolab, Tani, Taximo, Vincu.

Polymath Ventures is a VC firm focusing on empowering early-stage companies through intentionally designed solutions that give fair access to quality services and better income-generating opportunities.

The VC firm believes that investing early is the best way to create sustainable economic development. Therefore, they have developed an entrepreneurial methodology for emerging markets.

Learn more about Polymath Ventures ➜

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9. WeBoost

  • Location: Chile, Brazil, Mexico, Colombia & Peru
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Early-stage
  • Companies invested in: Flycrew, Camel Secure, Cotalker,

WeBoost is a VC firm dedicated solely to finding, accelerating, and scaling early-stage startups. The VC firm funds startups from $500K to $3.5Million. Apart from capital funding, the VC firm offers hands-on involvement, helping the portfolio companies reach critical management decisions.

Learn more about WeBoost ➜

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10. Variv Capital

  • Location: Mexico
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Bitso, Corner Job, MPower Financing, Kueski.

Variv Capital is an early-stage VC firm investing in companies within the Fintech sector. They target companies doing business in Mexico and other Latin American countries. They like to back companies that have the vision to change the future in a positive way.

Learn more about Variv Capital ➜

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11. Redwood Ventures

  • Location: Zapopan, Mexico
  • Industries: Sector Agnostic
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Parco, Billpocket, Crabi, Atlantia Search, Sojourn, Kleverness.

Redwood Ventures invests in companies managed by potential and passionate founders. The industry-agnostic VC firm targets high-growth potential companies that promote and encourage a culture of responsible competitiveness.

Learn more about Redwood Ventures ➜

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12. Toro Ventures

  • Location: Mexico
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: Glowing, Stache, Ignite Commerce, Instafit, Mystro, Bewe.

Toro Ventures invests in seed-stage technology companies that have shown interest in the Mexican and Latin American markets. The VC firm aims at building a better future and empowering innovators and entrepreneurs to build successful ventures.

Toro Ventures maintains a fast and hands-on approach, helping portfolio companies reach strategic decisions.

Learn more about Toro Ventures ➜

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13. Axon Partners Group

  • Location: Madrid, Mexico, Bogotá, Brussels, Medellin, Istanbul, Riyadh & Seville
  • Industries: Sector Agnostic
  • Investment Range: Not disclosed
  • Stage: Early Stage
  • Companies invested in: TRraining Gym, Libelium, Forto, Wayook, Billpocket, Pangea, Kampaoh, Adsmurai, Santafixie, emedio, Instaleap.

Axon Partners Group is a global investment firm focusing on startups providing solutions around the digital economy sector, energy, and healthcare. The VC firm supports early-stage startups with equity finance and business strategy.

They provide both consulting & investment services in order to give complete support to the portfolio companies so that they can reach their full potential.

Learn more about Axon Partners Group ➜

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14. Seaya Ventures

  • Location: Madrid, Spain, Latin America
  • Industries: Technology
  • Investment Range: Not disclosed
  • Stage: Early Stage
  • Companies invested in: Savana, BiomeMakers, Toqio, SpotAHome, Cabify, CrowdFarming, Glovo, Wallbox.

Seaya Ventures invests in exceptional founders focused on building technology companies. Therefore, the VC firm targets companies that are committed to solving real problems in sectors with high social and environmental impact like mobility, clean energy, agriculture, fintech, food, healthcare, among others.

Learn more about Seaya Ventures ➜

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15. Manutara Ventures

  • Location: Chile
  • Industries: Up to 1 Million
  • Investment Range: Not Disclosed
  • Stage: Early Stage
  • Companies invested in: ETpay, Iwana Cash, Xepelin, GoQuantum, OpenCasa, Rocketbot, Barracks.

Manutara Ventures is an early-stage VC firm investing up to $1Million in technology companies. The VC firm focuses on IT and biotech companies. Their investments are based on the converge model, and so they seek to capture high-quality deal flow with low valuations and later converge with the developed market.

Learn more about Manutara Ventures ➜

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Conclusion

Mexico has long had the foundations of a successful startup ecosystem. Their startup ecosystem features a large consumer market, it is close to that of the US and has experienced entrepreneurs. Nevertheless, funding has been hard to come by.

Fortunately, in recent years VC investments have grown considerably, with tech-driven companies raising large sums of capital from local and international venture capital firms.

In this article, we have highlighted the top VC firms with investments in Mexico. If you plan to set up a startup in Mexico, you could send your pitch to either of the above firms, for possible funding.

Pat Walls,  Founder of Starter Story
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I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.