FEMSA Ventures — Full Portfolio

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)in

Co-investorsDIDila CapitalNANazcaWOWollef VenturesJAJaguar VenturesL L Catterton

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

Co-investorsKAKayyak VenturesNANazca

Company Picus backed from its earliest steps.

Madrid, ES

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

Co-investorsASAstellaCACanaan PartnersCLClocktower VenturesMSMSA NovoNONorte VenturesPIPICUS 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-investorsALAlter GlobalFLFlucas VenturesFOFourth RealmINInQlabKUKube VCMOMONASHEES+10 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 VargasinErnesto 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-investors50500 GlobalCLClocktower VenturesDIDila CapitalKAKaszek 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-investorsSUSun 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)in

Co-investors50500 GlobalAGAgFunderFLFlucas VenturesHTHTwentyJAJazzya InvestmentsELElevar 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-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-investorsNENexus 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

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 Dalviin

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

Co-investors50500 GlobalHEHeadlineHEHeadline Growth Management, LLCSOSoftbank Latin America FundVAValor Capital GroupFJFJ 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

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

Co-investors50500 GlobalDIDila CapitalPOPolymath VenturesFIFirst 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

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

Co-investorsDIDila CapitalNANazcaSESeedRocketSUSun Mountain Capital

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)in

Co-investorsGEGeneral CatalystGRGradient VenturesHIHi VenturesY Y Combinator

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-investorsSTStarting 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-investorsGRGreatPoint VenturesHAHabitat PartnersMSMS&AD VenturesSOSozo VenturesBRBridge LatamDADAEDALUS+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-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 LeverageSWSwift Ventures

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

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

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

Co-investorsB B Capital GroupB4B4 CapitalIDID345MSMSW CapitalSISierra VenturesB B Capital+1 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