Mgvcapitalgroup

MGV Capital Group (MGV Capital, LLC) is an early-stage venture capital firm headquartered at 22211 IH 10 West, Suite 1206, San Antonio, Texas. It describes itself as a cross-border firm focused on fintech and enterprise software, partnering with founders who apply computer science to large-scale problems, and investing in entrepreneurs building value across the United States and Mexico. Its stated purpose is to help founders build profitable, self-sustaining businesses positioned to attract strategic buyers or growth financing, and it also positions itself as offering strategy consulting and network access alongside capital.

The firm invests at the pre-seed and seed stage, writing checks of $250,000 to $1 million depending on stage and round, typically in syndication with other venture firms and angel investors. Investment criteria published by the firm include founder quality, software products with attention to user experience, portability and scalability, rapid growth potential in a large market, cross-border expansion plans, proven recurring revenue models, and demonstrated product traction (MVP or monetization progress). Its first vehicle, MGV Capital Fund, LLC, targets early-stage software companies with emphasis on artificial intelligence/machine learning, augmented analytics, cloud computing and digital platforms.

The team consists of Mariano González Vasconcelos (Founder and General Partner; ex-Booz & Company strategy consultant, Kellogg MBA, computer systems engineering degree from Tecnológico de Monterrey), José Daniel Cotera (Principal; CFA and CAIA, previously at GICSA, PMI Group and SURA Investment Management), and Andrea Casillas (Analyst; medical degree from Tecnológico de Monterrey, previously at Wisdom FO). Advisors cover business law and international trade (Alejandro Ramos), private equity and cross-border transactions (Zita Horvath), and artificial intelligence and data science (Brahm Rhodes, Ph.D.).

Founding story

The firm was established in 2020 by Mariano González Vasconcelos, who had spent over twenty years in growth strategy work for Fortune 500 companies and private equity and venture capital firms, including a decade of strategy and operations consulting at Booz & Company, and had previously founded startups in professional services, retail, technology and gaming.

Business model

MGV Capital Group operates as a venture capital fund manager, raising capital from outside investors — with the firm citing support from family offices and business leaders — and deploying it as minority equity investments in early-stage software companies. Beyond capital, the firm offers portfolio companies strategy consulting and access to its network of founders, investors and business leaders, and it provides fund investors with co-investment opportunities and exposure to startups outside their own geographies.

As a venture capital manager, the firm's economics derive from managing MGV Capital Fund, LLC and returns generated on early-stage equity positions realized through acquisitions or growth financings; the firm states its purpose is to prepare portfolio companies to attract strategic buyers or growth capital. No fee or carry terms are disclosed in the available material.

Traction

The firm's published portfolio comprises roughly 25 companies, including Airbag, Airpals, Apparta, Bitewell, Bridgefy, Cinch, CloutDesk, Codiga, Delta Protect, Go, Kodda, Lapzo, LooPay, Minu, Mujer Financiera, Neon Financial, One Creation, Percs, Plerk, Plutto, Ryu Games, Sento AI, Shuttle Central, Storybook, Transect, Yana and Zette. Three positions are marked as exits: Codiga (acquired by Datadog), Plerk (acquired by Minu) and Ryu Games. Documented portfolio financings in which MGV participated include Ryu Games' $2.3 million seed round in March 2021 alongside Side Door Ventures, Velo Partners, Citta Ventures and 500 Startups, and One Creation Corporation's oversubscribed seed round announced in August 2021 with SixThirty Ventures and GFT Technologies SE. The firm also publicized portfolio company Go's $41.25 million seed round led by Synterra Capital Management in October 2021.

Latest developments

The firm's website notes recognition of General Partner Mariano González Vasconcelos, and reports exits within the portfolio: Codiga acquired by Datadog, Plerk acquired by Minu, and Ryu Games marked as an exit. MGV Capital Group remains listed in the Emerging Manager Monthly diverse manager directory with its San Antonio address and Hispanic/Latino ownership classification.