🦊/Investors

FEMSA Ventures

Corporate VC

Mexico City · Seed–Growth · 1 people tracked

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Investment thesis

FEMSA Ventures is a corporate venture capital firm that seeks investment opportunities in startups whose solutions can scale and leverage FEMSA's operating businesses. Beyond capital, it positions itself as a strategic partner that co-creates value with founders, drawing on extensive experience in the beverage, retail, and logistics industries across Latin America.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
Check
$500K – $5M
HQ
Mexico City, MX
Instruments
Equity
Tracked investments
42
Acquisitions
2

Team · 1 people

from public directories

What they invest in

from 20 of 42 portfolio companies

SaaS ×10AI & Machine Learning ×8Fintech ×7E-commerce ×4Enterprise Software ×3Logistics & Supply Chain ×3Retail Tech ×3Consumer ×2

HQs:Mexico×11United States×3Brazil×2Colombia×2Spain×1

Who they back

founder profiles across 13 portfolio companies
23%
solo founders
3 of 13 mapped founding teams
50%
repeat founders
of 22 founders with career history

Founding team size:solo founder×32 founders×63 founders×24+ founders×2

Where their founders studiedfrom 21 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 20 founders with field-of-study data

Business & Management ×14Economics ×6Finance & Accounting ×4Engineering ×2

Where their founders worked beforefrom 22 founders with career history

Cometa ×3Bridge Latam ×2Chiper ×2Rappi ×2World Economic Forum ×2

12 hold an MBA (of 23 with degree data)

Investments · 42 tracked

founders shown can be your intro path

By year:2024 · 22023 · 22022 · 32021 · 12018 · 19 dated

Algramoalgramo.com

The page is an online-casino affiliate guide comparing gambling platforms available to players in Chile, listing welcome bonuses, payment methods, and reviews of sites such as CoinCasino and Samba Slots.

Co-investorsCapria VenturesAngel VenturesClosed Loop PartnersDalus CapitalVolta Ventures

Ben & Frankbenandfrank.com𝕏

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

Bridgelatbridgelat.comin

Nazca is a Mexico City-based venture capital firm that invests in technology companies from early-stage through pre-IPO, both locally and globally, and provides portfolio companies with access to capital and partners.

Mexico City, MX

Cargamoscargamos.comSep 2021

Logistics platform for e-commerce businesses in Latin America

Co-investorsKayyak VenturesNazca

Cayena Holdings Limitedcayena.comin

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)

Co-investorsAstellaCanaan PartnersClocktower VenturesMSA NovoNorte VenturesPICUS CAPITAL+2 more

Chiperchiper.co

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+9 more

Cluvicluvi.coinJun 2023

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

Cometacometa.vcin

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 CapitalHomebrewLatitud Ventures+2 more

DILA Capitaldilacapital.comMar 2023 · $4M

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

H20Capitalh20capital.com

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-investorsSun Mountain Capital

Igniaignia.vcin𝕏

IGNIA is a venture capital fund founded in 2007 that invests in early-stage startups solving problems in emerging markets, with a focus on Latin America market expansion.

FintechHealthtechMarketplacesSector AgnosticMexico City, MX

Jüstojusto.mxinAcquired

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

Kuonakuona.aiinDec 2022 · $6M

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

Monasheesmonashees.com

Monashees is a venture capital firm that invests in fintech, healthcare, and enterprise companies, primarily in Brazil.

Enterprise SoftwareFintechHealthtechSão Paulo, BR

Co-investorsNexus Bay

Moradomoradocolombia.comin

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

Nazcanazca.vc

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

Olistolist.comin𝕏

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

Pactopacto.coin𝕏

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

Pulpogetpulpo.comin𝕏Oct 2022

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

Pulpomaticpulpomatic.comin𝕏Oct 2022 · $8M

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

R2r2.coinAcquired

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

Spotmeetwithspot.comJan 2024 · $2M

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

Spotgetspot.comJan 2024 · $2M

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

Spotspotcloud.ioin

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 Venturesswift.vc

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

Swyftswyft.comin𝕏

Swyft builds automated retail solutions using AI technology to transform shopping experiences.

AI & Machine LearningHardwareRetail TechRoboticsSilicon Valley, US

Co-investorsStanford University

Valiotvaliot.ioin𝕏

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

Yaloyalo.aiin𝕏

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

Zwczwc.ioin

ZWCo converts agro-industrial byproducts into higher-value resources such as livestock feed through custom, technology-driven processes, and helps partners reduce waste costs while generating revenue from carbon credits.

AgTechCircular EconomyClimate Tech

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AloiAmadorAppertoBridgeCayenaCelesCliviGetcelesH20 CapitalLoadsMuncherValorZero Waste Co.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has FEMSA Ventures made?
FEMSA Ventures has 42 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 Consumer, Fintech, FoodTech, Healthtech, Logistics & Supply Chain, Retail Tech, 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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