Mexico’s Top 13 Venture Capital Firms [2022]

With Mexico’s venture capital firms investing $4.7 billion across 167 deals, a 390% year-on-year increase, 2021 was by far a record year for the country’s VC and startup ecosystem.

Whether you are raising seed, Series A or higher, in this article we have listed our top picks for Mexico’s best venture capital firms, their industry focus and investment size. So, if you haven’t yet started to reach out, here is a good place to start learning about them.

Looking for Mexico’s top startup incubators and accelerators instead? Check out our ranking here. Looking for Mexico’s top startup venture capital firms instead? Check out our ranking here.

Top 13 Venture Capital Firms In Mexico

Here’s a summary of our top 13 picks for Mexico’s best venture capital firms (in alphabetical order):

NameSector focusRoundInvestment sizeInvestments
ALLVPFintech, Ecommerce, Foodtech, HR, EdTech, HealthTechSeed, Series A, A+$1M – $10M67
Angel VenturesTechnologySeedUndisclosed76
Avalancha VenturesTechnologySeed, Series A$50K-$2M27
CometaTechnologySeed, Series AUndisclosed43
Dalus CapitalClimate Innovation, Business Productivity and the Digital ConsumerSeed, Series A, A+$500K-$6M16
IGNIA VCSector AgnosticSeed, Series A, A+Undisclosed62
InvestoTechnologySeed$500K-$3M57
Kaszek VenturesFinancial services, education, healthcare, ecommerce, marketplaces, enterprise software, and SaaSSeed, Series A, A+Undisclosed102
Mountain Nazcafintech, SaaS, E-Commerce.Seed, Series A, A+Undisclosed90
NXTP VenturesCloud, SaaS, E-commerce, Fintech, B2B Marketplaces, AI and Data-Driven BusinessesSeed, Series A$500K – $5M130+
Redwood VenturesTechnologySeed, Series A$300K-$5M15
Toro VenturesTechnologySeedUndisclosed11
Wollef VenturesTechnologySeed, Series AUndisclosed38

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1. ALLVP

ALLVP is a venture capital firm focusing on entrepreneurs who create disruptive technologies focused on Fintech, Future of Commerce, Smart Cities, Foodtech, and Human Capital. The VC firm believes that enabling founders who focus on those areas is the initial step toward solving some of Latin America’s most challenging problems.

ALLVP typically invests in Seed and Series A rounds and sometimes backs companies at the Series B. 

Their check size ranges from $1M to $10M. While allvp may invest in multiple rounds and at different stages, they prefer taking the lead in early-stage investments. They have investments in Mexico and various Spanish-speaking Latin American countries.

2. Angel Ventures

Angel Ventures is one of the most active VC firms investing in Latin America. The VC firm targets innovative companies at Seed Stage and Series A and prefers working with the best-in-class entrepreneurs who apply exhaustive and progressive methodologies to assess opportunities.

AVP partners with relentless founders as they build solutions to real problems and empower them towards achieving a regional impact. Ideally, Angel Ventures works with investors and partners helping them to drive growth and achieve exits.  

3. Avalancha Ventures

Avalancha Ventures is an early-stage VC firm that focuses on using technology to disrupt its target market with a particular product or service. 

The VC firm collaborates with its portfolio companies, increasing their chances of generating great value.

Avalancha Ventures will invest $5K in early stages and up to $2M in subsequent rounds of capitalization to face their financial needs to consolidate and become benchmarks in their respective markets. 

Apart from financial support, the VC firm provides technical support to their portfolio companies. 

4. Cometa

Cometa is an early-stage VC firm targeting technology companies within the Spanish-speaking countries in Latin America. The VC firm provides portfolio companies access to a diverse range of like-minded entrepreneurs who work towards ensuring the success of portfolio companies. The VC firm prefers investing in companies that provide solutions to improve Fintech, e-commerce, marketplaces, and mobile sectors.

Since its inception in 2012, the VC firm remains focused on providing the portfolio companies much needed financing regardless of their business growth stage. 

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5. Dalus Capital

Dalus Capital is a VC firm collaborating with bold spirited founders that operate in the Latin America region. The VC firm targets purposeful founders working towards building enduring market-leading companies that create positive change through technology. The VC firm prefers to invest in seed-stage, series A, and B financing rounds, and their investment size ranges between $500K and $6M.

Before choosing the entrepreneurs in whom to invest, the VC firm seeks to understand the real potential value of the opportunity. They examine the nature of the problems to ensure real value adds to every opportunity.

Apart from financial backup, Dalus Capital professionals bring insights, wisdom, and resources to enable the portfolio companies to learn fast.

6. IGNIA

IGNIA is undeniably one of Mexico’s top venture capital firms. It invests in global companies that target the emerging middle class in Latin America. The VC fund serves as a bridge to support the regional startups’ expansion to the international markets by providing capital and strategic experience. Besides, the VC firm leverages its experience working with the emerging middle class to help its portfolio startups thrive.

IGNIA VC works alongside management teams, creates a forward-thinking strategy for the company, and ensures it continues growing. Finally, the venture capital firm provides portfolio companies access to an invaluable network of investors and business partners. 

7. Investo

Investo is a venture capital firm targeting early-stage technology companies that develop innovative solutions to solve various problems. The VC firm’s typical pre-seed investments fall in the range of $25K and $100K, depending on the terms raised by the startups. The VC firm usually invests between $500K and $3M at the seed stage.

Ideally, the VC firm takes the founder’s time and business seriously, making fast transparency and committing to making thoughtful decisions.  They help founders in building strong companies and guide them through the complicated stages of building a startup.  

8. Kaszek Ventures

Kaszek Ventures is a venture capital firm targeting Latin American entrepreneurs in the technology sector. The venture capital firm provides entrepreneurs access to capital and first-hand expertise and insights in strategy and operational execution.

Kaszek Ventures focuses on startups that develop technology-based solutions impacting any sector in any form. They write checks in Seed, Series A, or series B rounds and sometimes partner with entrepreneurs at the ideation stage. The VC firm primarily invests in companies that target Latin America and has a local presence in Buenos Aires, Mexico City, Montevideo, and São Paulo.

Kaszek Ventures looks forward to partnering with visionary and inspirational founders who are honest, determined, and purpose-driven. 

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9. Nazca

Mountain Nazca is a VC firm focusing on achieving revolutionary empowerment for founders in the Latin America region. The venture capital firm works on building profound relationships with the smart, bold, aggressive founders from Latin America, and balancing the status-quo between capital and talent. Therefore, the VC firm provides singular access to tools and a systematic platform where founders thrive.

Since its inception in 2014, the VC firm has focused on creating an enabling environment where every founder and their teams flourish and reach their maximum potential. Ideally, they provide multi-stage venture capital from the initial startup stages and throughout the business lifecycle. 

10. NXTP Ventures

NXTP Ventures is a LATAM seed fund-focused venture capital firm supporting B2B companies from idea to execution. The venture capital firm targets entrepreneurs who provide  Cloud solutions, SaaS, eCommerce, Fintech, B2B marketplaces, and AI-driven solutions.

For NXTP Ventures, it is never too early to pitch. Indeed, the VC firm invests in every stage from pre-seed to Series A. They predominately invest in B2B companies, and their seed-stage typical check size ranges from $500K to $3M and preferably leads or co-leads rounds. For series A investments, NXTP Venture’s regular investment size is from $2M to $5M.

11. Redwood Ventures

Redwood Ventures is an industry-agnostic VC firm that invests in technology-focused companies that create solutions that will transform industries. Typically, the VC firm supports high-growth and scalable potential companies founded by talented, passionate, and brave founders who focus on improving experiences through technology.

Ideally, Redwood Ventures believes that technology has the power to transform any industry. Therefore, they commit their financial resources and technical expertise to enabling founders to deploy innovative solutions. Redwood Ventures collaborates with founders and promotes a favorable working conditions for the entire community in which they operate.   

Their typical investments fall between $300K and $5M. 

12. Toro Ventures

Toro Ventures is a venture capital firm investing in technology startups. The VC firm provides startups who have an interest in Latin America markets the seed money to help them venture. The VC firm backs the entrepreneurs with an amazing entrepreneurial team and would like to receive unconditional help to help them build successful ventures.

13. Wollef

Wollef is a Venture Capital firm focusing on financing early-stage technology founders. The VC firm invests in pre-seed, seed, and Series A rounds, and prefers taking the lead. The venture fund targets the technology-biased founders and partners with them in building solutions that change the face of Latin America.

The venture capital firm believes in building long-lasting relationships with the entrepreneurs they are partnering with. They back tech-enabled businesses led by exceptional and talented teams. In addition, the VC firm takes risks on companies with a proven product or market fit, and a proven approach for creating recurring sales. 

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