FEMSA Ventures — Full Portfolio

Venado Tuerto

Tomas Sadous(Executive Officer)

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

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-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)

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+8 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-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 VargasErnesto VargasRafael de HaroPepe Bolaños

Co-investorsKaszek VenturesSun Mountain Capital500 GlobalAcrew CapitalHomebrewLatitud 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.

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

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

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

Co-investorsNazca

São Paulo, BR

Co-investorsNexus 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

Angela Acosta(Founder)

Co-investorsLatin LeapLatitud VenturesNido VenturesNorte VenturesRoosh VenturesMorado Ventures+2 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-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 RussoTiago Dalvi

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

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

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

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 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

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)

Co-investorsNimble PartnersSocial Leverage

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

AI & Machine LearningHardwareRetail TechRoboticsSilicon Valley, US

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

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

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