Mexico Venture Capital Overview

This post is the fourth in a series about Latin American venture capital ecosystems. Read the post on the Chilean Venture CapitalPeru Venture Capital, Colombia Venture CapitalHighlighting Latin American Startups. Hopefully it’s helpful. Let me know what I missed and got wrong!

Mexico is the most interesting startup ecosystem in Latin America. It’s interesting because:

  • Population (125m, Mexico City has more people than Chile)
  • Biggest Latin American economy leads to startups servicing local market
  • Proximity to the US leads to more global vision from entrepreneurs
  • US companies with their tech back offices in Mexico
  • US funds with presence in Mexico

There are three important cities for tech in Mexico, although there is activity in many other cities, too.

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Colombia Venture Capital Overview

This post is the third in a series about Latin American venture capital ecosystems. Read the post on the Chilean Venture Capital, Peru Venture CapitalHighlighting Latin American Startups. Hopefully it’s helpful. Thanks to Monica Avila from Magma and Andres Barreto from Social Atom for reviewing drafts of this post and improving it.

Private Investors

Social Atom Ventures – A $30m investment fund with offices in Medellin and Bogota. They invest into early stage companies that have their technology team in Latin America, but whose target market is the US. We’ve done two co-investments with them.

Torrenegra Labs – Accelerator and early stage investor based in Bogota. 20 investments. 5 exits.

Magma Partners – Monica Avila is our lead in Colombia. We plan to invest in 1-2 companies per year. Additional presence in Chile, Mexico, USA.

Axon – Late stage capital. Six investments.

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The Perfect Pullover: Empowering Bolivian Workers

If you’re looking for an off the beaten path gift this holiday season, check out these pullovers from the team at Virtu. Guillaume and Jason have been working out of our office in Santiago for the past few months while frequently traveling to Bolivia to get their project off the ground and launched a Kickstarter to get the first batch into production.

Not only are they making a great product, they’re also creating jobs that pay at least 30% more than average wages in Bolivia, a place that I’ve really enjoyed every time I’ve visited. I just backed them and can’t wait for my pullover!

Check out their video here, and then click through to Kickstarter to watch interviews with their Bolivian partners.

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Magma Colombia

monica-avila-foto-headshotI’m excited to welcome Mónica Ávila Forero to Magma to lead our Colombia team. Mónica, based in Bogota, has worked in the entrepreneurial ecosystem from all sides for the past 15 years: she’s started her own startups, worked with Ventures, a private NGO to build the Colombia ecosystem, and has worked closely with and mentored Colombia entrepreneurs, helping them figure out their business models, connect with potential investors and scale their businesses. I’m really excited to work with Mónica to help entrepreneurs in the Colombian market!

Why Colombia? Continue reading…