Fundraising Fox

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

Team · 1 people

from public directories

What they invest in

from 16 of 42 portfolio companies

SaaS ×9AI & Machine Learning ×7Fintech ×5E-commerce ×4Consumer ×2Enterprise Software ×2FoodTech ×2Logistics & Supply Chain ×2

HQs:Mexico×8Brazil×2Colombia×2United States×2Spain×1

Who they back

founder profiles across 8 portfolio companies
25%
solo founders
2 of 8 mapped founding teams
75%
repeat founders
of 12 founders with career history

Founding team size:solo founder×22 founders×43 founders×2

Where their founders studiedfrom 12 founders with education data

Boston College ×2

Investments · 42 tracked

founders shown can be your intro path

By year:2024 · 22023 · 12018 · 14 dated

Algramoalgramo.com

Co-investorsCapria Ventures

Aloi
Amador
AppertoDec 2018

Venado Tuerto

Tomas Sadous(Executive Officer)

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 Ventures

Bridge
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.com

Logistics platform for e-commerce businesses in Latin America

Co-investorsKayyak VenturesNazca

Cayena
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

Celes
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+8 more

Clivi
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, active since 2012, that invests in technology startups serving the Spanish-speaking world.

Co-investorsKaszek VenturesSun Mountain Capital500 GlobalAcrew CapitalHomebrewLatitud Ventures+2 more

DILA Capitaldilacapital.com

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.

Getcelesgetceles.com
H20 Capital
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 an early-stage venture capital firm that invests in technology entrepreneurs building companies focused on Latin America, with an emphasis on partnering with global founders expanding into the region.

FintechHealthtechMarketplaces

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.aiin

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

Loads
Loadsloadsfoods.com

Co-investorsNazca

Monasheesmonashees.com

São 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)

Co-investorsLatin LeapLatitud VenturesNido VenturesNorte VenturesRoosh VenturesMorado Ventures+2 more

Muncher
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 RussoTiago Dalvi

BoardClifford M. Sobel(Founder)Scott Sobel(Founder)in

Co-investors500 GlobalHeadlineHeadline Growth Management, LLCSoftbank Latin America FundValor Capital GroupGoldman Sachs+1 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.comin𝕏

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

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 is an Austin-based insurance agency providing embedded travel, injury and refund-protection products for experience-based businesses.

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.vc𝕏

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)

Co-investorsNimble PartnersSocial Leverage

Swyftswyft.comin𝕏

Swyft provides AI-powered robotic retail solutions for in-store, satellite, and automated retail locations.

AI & Machine LearningRobotics

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)Adrian Araujo(Executive Officer)

Co-investorsMotivate Venture Capital

Valor
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)

BoardRashmi Gopinath(Director)inAntonio Rallo Verdugo(Director)Andres Gavito Aspe(Director)

Co-investorsB Capital GroupB4 CapitalID345MSW CapitalSierra Ventures

Zero Waste Co.
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

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has FEMSA Ventures made?
FEMSA Ventures has 40 tracked investments, 1 of which have exited via acquisition or IPO.
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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