Fundraising Fox
FEMSA Ventures
Corporate VCMexico City · Seed–Growth · 1 people tracked
Also known as FEMSA
Find your way into FEMSA Ventures
244 people in our graph share verified history with the FEMSA Ventures team — schools, employers, funds. One of them is your warm intro.
Investment thesis
FEMSA Ventures invests in startups whose products or services can be scaled by leveraging FEMSA's businesses in the beverage, retail, and logistics industries across Latin America. The firm positions itself as a strategic partner that offers more than capital, co-creating value with founders by drawing on decades of operating experience through units such as FEMSA Comercio (OXXO stores, pharmacies, fuel), Coca-Cola FEMSA (the largest Coca-Cola bottler by sales volume), and FEMSA Strategic Businesses (logistics, distribution, refrigeration, and foodservice). It targets world-class entrepreneurs building solutions that can grow at scale.
Source: firm website, verified Sep 26, 2026.
Team · 1 people
from public directories
What they invest in
from 24 of 40 portfolio companiesSaaS ×12AI & Machine Learning ×9Fintech ×8E-commerce ×4Logistics & Supply Chain ×4Enterprise Software ×3FoodTech ×3Healthtech ×3
HQs:Mexico×13Colombia×3United States×3Brazil×2Spain×1
Who they back
founder profiles across 13 portfolio companiesFounding team size:solo founder×32 founders×63 founders×24+ founders×2
Where their founders studiedfrom 22 founders with education data
Universidad Iberoamericana, Ciudad de México ×3Boston College ×2FGV - Fundação Getulio Vargas ×2Harvard Business School ×2IE Business School ×2Insper Instituto de Ensino e Pesquisa ×2Northwestern University - Kellogg School of Management ×2NYU Stern School of Business ×2
What their founders studiedfrom 21 founders with field-of-study data
Business & Management ×15Economics ×6Finance & Accounting ×4Engineering ×2
Where their founders worked beforefrom 23 founders with career history
Cometa ×3Bridge Latam ×2Chiper ×2Rappi ×2World Economic Forum ×2
13 hold an MBA (of 24 with degree data)
Investments · 40 tracked
founders shown can be your intro pathBy year:2024 · 22023 · 22022 · 52021 · 12018 · 111 dated
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Co-investorsCapria VenturesAngel Ventures MexicoClosed Loop PartnersDalus CapitalVolta Ventures
Aloi offers an AI-powered platform that unifies data from banks, CFDIs, ERPs, and internal systems to reconcile, audit, and centralize financial information for tax compliance.
AI & Machine LearningFintechSaaSMexico City, MX
Pedro Guerrero(Co-Founder & CEO)inRodrigo Burgos(Co-Founder & CTO)inSamuel Giraldo Hoyos(Co-Founder & COO)in
Co-investorsNido VenturesNXTPPICUS CAPITAL
Ben & Frank sells eyeglasses and sunglasses, including optical frames, blue-light computer glasses, and clip-ons, directly to consumers online with shipping across Mexico.
ConsumerDirect to ConsumerE-commerce
Mariana Castillo(Founder)inEduardo Paulsen(Founder)inMaría Jose Madero(Founder)in
Co-investorsDila CapitalNazcaWollef VenturesJaguar VenturesL Catterton
Logistics platform for e-commerce businesses in Latin America
Co-investorsKayyak VenturesNazca
Company Picus backed from its earliest steps.
Madrid, ES
Raymond Shayo(Founder)inES Raymond Shayo(Founder)Gabriel Sendacz(Co-Founder)inPedro Carvalho(Co-Founder & CEO)in
Co-investorsAstellaCanaan PartnersClocktower VenturesMSA NovoNorte VenturesPICUS CAPITAL+2 more
Colombian B2B e-commerce platform that lets neighborhood corner shops restock inventory online with next-day delivery.
Bogota
Jose Jair Bonilla(Executive Officer, Director)inOscar Sarria(Founder)in
BoardSimon Borrero(Director)
Co-investorsAlter GlobalFlucas VenturesFourth RealmInQlabKube VCMONASHEES+10 more
Clivi provides an online medical treatment service in Mexico, combining virtual evaluations, laboratory tests, physician consultations, home medication delivery, and app-based progress tracking.
Digital HealthHealthtechWellness & Fitness
GISELA CORTESinJair Morales OlverainRicardo MoguelinEduardo Ortizin
Co-investors500 GlobalDalus CapitalNext Billion Capital PartnersRapid ScaleLatitud Ventures
Cluvi provides AI-powered digital menus and point-of-sale management software for restaurants and food venues, including features for orders, payments, reservations, delivery, and customer analytics.
AI & Machine LearningFoodTechSaaSMedellín, CO
Co-investorsCapria VenturesCometa
Cometa is a venture capital firm investing in early-stage technology companies across Spanish-speaking markets globally, with a focus on AI readiness enablers in industries characterized by high human intervention, proprietary data creation, and critical data needs.
AI & Machine LearningSector AgnosticMexico City, MX
Diego VargasinErnesto VargasinRafael de HaroPepe Bolañosin
Co-investorsKaszek VenturesSun Mountain Capital500 GlobalAcrew CapitalCometaHomebrew+3 more
DILA is a venture capital firm that invests in entrepreneurs across the Spanish-speaking world doing business in Latin America and Spain, as well as U.S.-based companies serving the Hispanic market.
Alejandro Diez Barroso(Founder)in
Co-investors500 GlobalClocktower VenturesDila CapitalKaszek VenturesMagma PartnersPolymath Ventures
H20 Capital (HTwenty) is a venture capital firm with offices in Miami, Mexico, and Colombia that partners with entrepreneurs from an early stage.
Sector AgnosticMiami, US
Co-investorsHTwentyInvariantes FundSun Mountain Capital
Jüsto is a fully digital supermarket in Mexico that sells groceries, including daily-fresh produce, directly to consumers online without physical stores.
B2B MarketplacesConsumerE-commerceFoodTech
Ricardo Weder(Founder)inRicardo Martinez Finger(Founder)in
Co-investors500 GlobalAgFunderFlucas VenturesHTwentyJazzya InvestmentsElevar Equity+1 more
Kuona provides an AI-based retail intelligence platform that optimizes pricing, promotions, and commercial strategies to increase revenue and profit.
AI & Machine LearningRetail TechSaaS
Co-investorsCapria VenturesCathay InnovationMuse CapitalCometa
Morado provides fully digital credit and financing products—such as inventory/equipment loans and invoice factoring for working capital—aimed at women entrepreneurs and small businesses in Colombia.
FintechBogotá, CO
Angela Acosta(Founder)in
Co-investorsLatin LeapLatitud VenturesNido VenturesNorte VenturesRoosh VenturesHTwenty+3 more
Colombian B2B marketplace supplying beauty and wellness businesses with products, credit, equipment rental and logistics.
Co-investorsOpera VenturesQED InvestorsHTwentyLatitud VenturesTiger Global ManagementVillage Global
Muncher operates a platform and network of dark kitchens (ghost kitchens) with modular hubs in premium urban locations, partnering with restaurant brands to help them improve margins, increase sales, and scale delivery operations.
FoodTechLogistics & Supply ChainSaaS
Co-investorsFlyer One Ventures
Nazca is a Mexico City-based venture capital firm that invests in technology companies from early-stage through pre-IPO, both locally and globally.
Mexico City, MX
Co-investorsInvariantes FundSun Mountain Capital
Olist offers a business management ecosystem for Brazilian entrepreneurs and merchants, including the Tiny ERP system, a multichannel sales integration hub, a point-of-sale system, a digital account with payment tools, and shipping services.
E-commerceEnterprise SoftwareFintechMedia & EntertainmentSaaS
Marcelo RussoinTiago Dalviin
BoardClifford M. Sobel(Founder)Scott Sobel(Founder)in
Co-investors500 GlobalHeadlineHeadline Growth Management, LLCSoftbank Latin America FundValor Capital GroupFJ Labs+4 more
Pacto provides digital payment solutions and point-of-sale (POS) technology to traditional financial institutions in Mexico, enabling them to modernize their payment operations and customer offerings.
FintechSaaSMexico City, MX
Rodrigo Kuri(Co-Fundador & CEO)inRyan Croft(Founder)inGordon Whitehouse(Founder)in
Co-investors500 GlobalDila CapitalPolymath VenturesFirst Check Ventures
Pulpo offers a fleet management platform (PulpoFleet) that centralizes vehicle, driver, and documentation data, automates operational tasks, and tracks maintenance, alongside a fuel card (PulpoPay) with anti-fraud controls and an outsourced fleet management service (Pulpo360).
Logistics & Supply ChainMobility & TransportationSaaS
Evaristo Babé(Founder)inAlvaro de Juan Uriarte(Founder)in
Co-investorsDila CapitalNazcaSeedRocketSun Mountain Capital
Operates a digital advertising ecosystem that connects brands to Hispanic audiences across streaming/connected TV, digital news networks, radio, and podcasts through proprietary owned-and-operated inventory.
AdTechMarketing TechMedia & Entertainment
Co-investorsCrosscut VenturesCDTIWayra
Pulpo offers fleet management software (PulpoFleet) that centralizes vehicles, drivers and documentation, automates operational tasks, and tracks total cost of ownership, alongside a fuel card (PulpoPay) with anti-fraud controls and an outsourced fleet management service (Pulpo360).
Logistics & Supply ChainMobility & TransportationSaaS
Co-investorsSwanlaab Venture Factory13books CapitalBSVBynd Venture CapitalCDTIJME Ventures+1 more
R2 provides embedded financing solutions for merchants, enabling platforms to offer credit through seamless API integration with AI-driven risk assessment and same-day funding.
Enterprise SoftwareFintechSaaSMexico City, MX
Roger Larach(Founder)inRoger Teran(Founder)in
Co-investorsGeneral CatalystGradient VenturesHi VenturesY Combinator
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Upcraft (meetwithspot.com) builds customizable AI agents that engage sales prospects via text and calls to respond to inbound leads, follow up on proposals, and rebook missed meetings directly into a connected calendar and CRM.
AI & Machine LearningSaaSSales Tech
Co-investorsStarting LineVibe CapitalBridge LatamDAEDALUSKuiper
Spot provides embedded insurance and financial protection solutions for experience-based businesses in the active and travel markets, such as ski resorts, tour operators, and booking platforms.
FintechInsurTechTravel & Hospitality
Co-investorsGreatPoint VenturesHabitat PartnersMS&AD VenturesSozo VenturesBridge LatamDAEDALUS+3 more
SPOTVISION is a computer vision platform that connects to existing IP CCTV cameras and uses an on-premise EdgeBox device to process video in real time, turning surveillance feeds into operational KPIs, alerts, and certified evidence.
AI & Machine LearningLogistics & Supply ChainRetail Tech
Co-investorsTantaucoInflexor VenturesInfo Edge VenturesPentathlon VenturesSilicon Road VenturesTitan Capital
Swift Ventures is a venture capital firm that invests in and supports startups, providing operational and go-to-market help such as strategic early hires for its portfolio companies.
Sector Agnostic
Brett Wilson(Co-founder & General Partner)in
Co-investorsNimble PartnersInterlock CapitalKeshif VenturesLaunch FactorySocial LeverageSwift Ventures
Swyft builds automated retail solutions using AI technology to transform shopping experiences.
AI & Machine LearningHardwareRetail TechRoboticsSilicon Valley, US
Co-investorsStanford University
Valiot builds software focused on manufacturing operations, offering measurable KPIs and adaptable onboarding for industrial decision-makers.
Advanced ManufacturingAI & Machine LearningIoTSaaSAustin, US
Oscar Federico Crespo(Executive Officer, Director)Adrian M. Rangel Araujo(Executive Officer)
Co-investorsMotivate Venture Capital
Yalo provides an AI-powered customer engagement platform that manages interactions across WhatsApp, mobile apps, and voice calls, combining artificial intelligence and automation to drive sales conversions and customer lifecycle management for e-commerce and retail businesses.
AI & Machine LearningE-commerceSaaSSales TechHouston, MX
Javier Mata Saravia(Executive Officer, Director)Javier Mata(Founder)inRafael Karkle(Executive Officer)in
BoardRashmi Gopinath(Director)inAntonio Rallo Verdugo(Director)Andres Gavito Aspe(Director)in
Co-investorsB Capital GroupB4 CapitalID345MSW CapitalSierra VenturesB Capital+1 more
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Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AmadorAppertoCelesLoadsValorZero Waste Co.
Frequently asked questions
- How many investments has FEMSA Ventures made?
- FEMSA Ventures has 40 tracked investments, 2 of which have exited.
- What stage does FEMSA Ventures invest at?
- FEMSA Ventures invests at the Seed, Series A, Series B, Series C, Growth stages.
- What is FEMSA Ventures's typical check size?
- FEMSA Ventures typically writes checks of $500K – $5M.
- What sectors does FEMSA Ventures focus on?
- FEMSA Ventures focuses on AI & Machine Learning, Circular Economy, Climate Tech, Consumer, Digital Health, E-commerce, Fintech, FoodTech, Healthtech, Logistics & Supply Chain, Retail Tech, SaaS, Sector Agnostic.
- Where is FEMSA Ventures located?
- FEMSA Ventures is headquartered in Mexico City, MX.
- Who does FEMSA Ventures co-invest with?
- FEMSA Ventures most often shares deals with Nazca, Sun Mountain Capital, 500 Global, among 52 tracked co-investors.
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