FEMSA Ventures — Full Portfolio

Aloi provides a blockchain-secured microfinance platform that disburses and tracks loans, subsidies, and grants as digital tokens for informal sector businesses and micro-entrepreneurs.

Crypto & Web3FintechImpact & Social Good

Pedro Guerrero(Founder)Rodrigo Burgos(Founder)Samuel Giraldo(Founder)Sonika Manandhar(Founder)Tiffany Tong(Founder)

Co-investorsNXNXTP

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

PGPedro Guerrero(Co-Founder & CEO)inRBRodrigo Burgos(Co-Founder & CTO)inSGSamuel Giraldo Hoyos(Co-Founder & COO)in

Co-investorsNINido VenturesNXNXTPPIPICUS CAPITALTHThe 23 Fund

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

MCMariana Castillo(Founder)inEduardo Paulsen(Founder)inMaría Jose Madero(Founder)inBenigno Perez(Founder)Benigno Pérez Herrera(Founder)Marina Castillo(Founder)

Co-investorsBRBridge LatamDIDila CapitalNANazcaWOWollef VenturesENEndeavor CatalystJAJaguar Ventures+1 more

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

Logistics platform for e-commerce businesses in Latin America

Heaclef Antorveza(Founder)Ivan Ariza(Founder)Ivan Ariza Everton Viana(Founder)Éverton Viana(Founder)

Co-investorsKAKayyak VenturesNANazca

Gabriel Sendacz(Founder)Pedro Carvalho(Founder)Raymond Shayo(Founder)

Co-investorsASAstellaBIBicycleCACanaryCLClocktower VenturesGIGilgamesh Ventures

Company Picus backed from its earliest steps.

Madrid, ES

Raymond Shayo(Founder)inES Raymond Shayo(Founder)GSGabriel Sendacz(Co-Founder)inPCPedro Carvalho(Co-Founder & CEO)in

Co-investorsASAstellaCACanaan PartnersCLClocktower VenturesFJFJ LabsMSMSA NovoNONorte Ventures+3 more

Colombian B2B e-commerce platform that lets neighborhood corner shops restock inventory online with next-day delivery.

Bogota

Jose Jair Bonilla(Founder)inOscar Sarria(Founder)inCarolina García(Founder)José Bonilla(Founder)Oscar Sarria Guerrero(Founder)

BoardSimon Borrero(Director)

Co-investorsALAlter GlobalFJFJ LabsFLFlucas VenturesFOFourth RealmINInQlabINInterplay Ventures Early Stage Management Llc+11 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

GCGISELA CORTESinJair Morales OlverainRMRicardo MoguelinEOEduardo Ortizin

Co-investors50500 GlobalCOConexo VenturesDADalus CapitalFOFoundation CapitalLALatitud VenturesNENext Billion Capital Partners+1 more

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-investorsCACapria VenturesCOCometa

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

DVDiego VargasinEVErnesto VargasinRafael de HaroPBPepe Bolañosin

Co-investorsKAKaszek VenturesSUSun Mountain Capital50500 GlobalACAcrew CapitalHOHomebrewLALatitud Ventures+2 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.

ADAlejandro Diez Barroso(Founder)in

Co-investorsARARTFO Holdings LLC50500 GlobalCLClocktower VenturesKAKaszek VenturesMAMagma PartnersPOPolymath 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-investorsHTHTwentyINInvariantes FundSUSun Mountain Capital

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

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

RWRicardo Weder(Founder)inRMRicardo Martinez Finger(Founder)inAlejandro Sisniega(Founder)Ricardo Martínez(Founder)

Co-investors50500 GlobalAGAgFunderBRBridge LatamENEndurance28FLFlucas VenturesGEGeneral Atlantic+6 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-investorsCACapria VenturesCACathay InnovationMUMuse CapitalCOCometa

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

Enterprise SoftwareFintechHealthtechSão Paulo, BR

Co-investorsMAMago CapitalNENexus Bay

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

AAAngela Acosta(Founder)in

Co-investorsLALatin LeapLALatitud VenturesNINido VenturesNONorte VenturesRORoosh VenturesHTHTwenty+3 more

Colombian B2B marketplace supplying beauty and wellness businesses with products, credit, equipment rental and logistics.

Angela Maria Acosta(Founder)Ángela Acosta(Founder)

Co-investorsOPOpera VenturesQEQED InvestorsHTHTwentyLALatitud VenturesTITiger Global ManagementVIVillage 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 ChainSaaSBogota, Cundiamarca, CO

Andrés Villarraga(Founder)Juan David Jaramillo(Founder)Nimrod Molad(Founder)Juan Michael Barrionuevo(Director)

Co-investorsAMAmador HoldingsGLGlisco PartnersCOCOPERNIONFLFlyer One VenturesTMTMT Investments

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-investorsINInvariantes FundSUSun 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

MRMarcelo RussoinTDTiago Dalvi(Founder)in

BoardCMClifford M. Sobel(Founder)SSScott Sobel(Founder)in

Co-investors50500 GlobalFJFJ LabsGRGrupo Globo - Mídia e ConteúdoHEHeadlineHEHeadline Growth Management, LLCSOSoftbank Latin America Fund+5 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

RKRodrigo Kuri(Co-Fundador & CEO)inRCRyan Croft(Founder)inGWGordon Whitehouse(Founder)in

Co-investors50500 GlobalDIDila CapitalFIFirst Check VenturesPOPolymath 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

EBEvaristo Babé(Founder)inAlvaro de Juan Uriarte(Founder)in

Co-investorsDIDila CapitalNANazcaSESeedRocketSUSun 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-investorsCRCrosscut VenturesCDCDTIWAWayra

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-investorsSWSwanlaab Venture Factory1313books CapitalBSBSVBYBynd Venture CapitalCDCDTIJMJME 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

RLRoger Larach(Founder)inRTRoger Teran(Founder)inRoger Larach Roger Teran(Founder)RTRoger Terán(Founder)inJavier Scappini(CTO)Rocío Rocha(Talent Acquisition Lead)

Co-investorsALALLVPGEGeneral CatalystGRGradient VenturesHIHi VenturesSASaints CapitalSOSoma Capital+11 more

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-investorsGRGreat Oaks Venture CapitalSTStarting LineVIVibe CapitalBRBridge LatamDADAEDALUSKUKuiper

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-investorsALAlumni VenturesGRGreatPoint VenturesHAHabitat PartnersINInterplay Ventures Early Stage Management LlcMSMS&AD VenturesSOSozo Ventures+5 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-investorsTATantaucoINInflexor VenturesINInfo Edge VenturesPEPentathlon VenturesSISilicon Road VenturesTITitan 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

BWBrett Wilson(Co-founder & General Partner)in

Co-investorsNINimble PartnersINInterlock CapitalKEKeshif VenturesLALaunch FactorySOSocial Leverage

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

AI & Machine LearningHardwareRetail TechRoboticsSilicon Valley, US

Co-investorsSTStanford 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-investorsMOMotivate Venture Capital

Valor Capital Group is a cross-border venture capital fund that invests in consumer internet and enterprise software companies, connecting founders across the US, Latin America, and global markets.

Sector Agnostic

Clifford M. Sobel(Founder)SSScott Sobel(Founder)in

Co-investorsMAMago CapitalWSWSS

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)JMJavier Mata(Founder)inRafael Karkle(Executive Officer)in

BoardRGRashmi Gopinath(Director)inAntonio Rallo Verdugo(Director)Andres Gavito Aspe(Director)in

Co-investorsB B Capital GroupB4B4 CapitalGLGlisco PartnersIDID345MSMSW CapitalSISierra Ventures+2 more

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