VARIV
Venture capitalMexico City · Seed–Growth · 7 people tracked
Investment thesis
VARIV operates at the intersection of venture capital and venture building in Latin America, tracking and defining emerging global trends to create value for investors, companies and end-users. Across its VARIV I and VARIV II funds and its own venture-building activity, the firm invests in early-stage technology companies primarily targeting Spanish-speaking markets, with a strong emphasis on fintech, lending, delivery/logistics, marketplaces and consumer businesses. It partners with founders to create companies from scratch, raise capital, and scale, and also holds equity stakes in ventures across Mexico, Spain and broader LatAm.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from the firm's website
What they invest in
from 12 of 42 portfolio companiesFintech ×6SaaS ×3AI & Machine Learning ×2B2B Marketplaces ×2Consumer ×2E-commerce ×2HR Tech ×2Marketplaces ×2
HQs:Mexico×4United States×4Brazil×1
Investments · 42 tracked
founders shown can be your intro pathGlobal venture capital firm; its LatAm program (Somos Lucha) invests in Spanish-speaking Latin American companies.
Ultra-premium sipping mezcal crafted from high-mountain Espadin and Tobala agaves from Oaxaca.
Ultra-premium sipping mezcal crafted from high-mountain agaves in Oaxaca.
Ancana operates a fractional co-ownership marketplace for vacation homes in Mexico and the United States, allowing multiple owners to share luxury properties.
B2B MarketplacesConsumerMarketplacesPropTechTravel & HospitalityMérida, MX
Andres Barrios(Founder)inRyan Black(Founder)in
Co-investorsY CombinatorCapria VenturesStartups
Signage company in Mexico offering large-scale printing, loose lettering, and light box manufacturing.
Mexican neobank focused on unbanked and underserved populations, offering a superapp with savings, service payments, remittances, and credit via an offline customer acquisition strategy.
Management and marketing software for health and beauty centers in Spanish-speaking markets.
Bitso is a fintech platform offering cryptocurrency trading, U.S. stock and ETF investing, yield-earning opportunities on crypto holdings, and cross-border payment services.
Crypto & Web3FintechMexico City, MX
Daniel Vogel(Founder & CEO)Ben Peters(Founder)in
Co-investors1Sharpe VenturesCoatue ManagementCoinbase VenturesCometaDigital Currency GroupFundersClub+14 more
Leading consumer digital bank in Spain.
Co-investorsDigital HorizonDigital Horizon VCDN CapitalKAYARoosh VenturesStratMinds+2 more
#1 mobility platform in Spanish-speaking markets, redefining urban transportation.
Co-investorsCometaHemisphere Ventures LLCJazzya Investments
Healthcare technology company offering personalized digital and physical health products.
Venture capital firm investing in early-stage technology companies targeting Spanish-speaking markets.
Conekta offers an online payment platform for businesses in Mexico, letting merchants generate shareable payment links from a dashboard or API to collect one-time or recurring payments via card, cash, transfer, wallets, BNPL, and installments.
AI & Machine LearningE-commerceFintechSaaS
Héctor Cárdenas(CEO & Co-Founder)Leo Fischer(Co-Founder)Cristina Randal(Co-Founder)
Co-investorsPropel Venture PartnersWollef Ventures
Fully-licensed niche bank in Mexico focused on public-sector payroll-deduction lending, expanding via technology.
Outdoor cultural and sustainability hub on the Baja California coast built from an abandoned crane reclamation project, hosting art, music, gastronomy, and sustainability events.
Digital lending platform providing secured and unsecured loans to SMEs in Mexico using a proprietary credit scoring model.
Dark store company operating distribution centers dedicated to online shopping.
Gaming platform for professional competitions in online multiplayer video games.
Co-investorsMakers FundUnited Ventures
Furniture eCommerce platform selling home products and design accessories.
Marketplace enabling individuals and businesses to buy, send and pick up any product within the same city.
Co-investorsBright Pixel CapitalCathay InnovationConvivialité VenturesDozen InvestmentsEntrée CapitalExpon Capital+2 more
Private equity firm based in Madrid, Spain.
HeroGuest provides a technology platform for hospitality industry staff training and customer experience measurement.
HR Tech
Co-investorsID345
Uscreen is a membership platform for video creators, coaches, fitness instructors, and media companies to sell subscriptions and earn recurring revenue.
Creator EconomyMedia & EntertainmentSaaS
Co-investorsTheVentureCity
Tax and accounting software and services company specializing in software development.
Dallas, US
Josue Alballero(Executive Officer, Director)Valerie Osipenko(Executive Officer, Director)Kristy Campbell(Executive Officer, Director)
Co-investorsWestern Technology Investment
Last mile delivery company in Mexico City.
Alvaro de Juan(Founder)inJosé Guzmán(Founder)in
Co-investorsDila CapitalSun Mountain Capital
JOKR operates an on-demand online grocery service that delivers fresh products and local brands within minutes or on a scheduled basis, offering an assortment of over 10,000 products with AI-driven personalization and inventory prediction.
E-commerceFoodTechLogistics & Supply Chain
Tyler Trerotola(Founder)inRalf Wenzel(Founder)in
Co-investorsActivant CapitalBalderton CapitalG SquaredGreycroftKaszek VenturesNotable Capital
Venture builder that partners with experienced entrepreneurs to build category-defining consumer technology companies.
Kueski provides digital lending and payment services in Mexico, offering personal loans and a buy-now-pay-later product (Kueski Pay) for online and in-store purchases without a credit card.
FintechMexico City, MX
Adalberto Flores Ochoa(Executive Officer, Director)
BoardPeter Kellner(Director)inPatrick Gallagher(Director)
Co-investorsCapria VenturesCathay InnovationCore Ventures GroupCrunchFundFluent VenturesG Squared+8 more
MPOWER Financing is a public benefit corporation that provides fixed-rate private student loans (US$2,001 to US$100,000) without requiring a cosigner or collateral, aimed at international students attending eligible U.S. and Canadian colleges and universities.
EdTechFintechWashington, US
Co-investorsBuilders + BackersETS Strategic CapitalFresco CapitalK Street Capital
Manages third-party payroll deduction processes for personal loans, simplifying loan collection for workers, employers, and service providers.
OCHO offers affordable auto insurance with flexible financing options including low or zero down payments and payment plans, targeting underserved drivers in the United States.
FintechInsurTech
James Gutierrez(Founder)in
Co-investorsMTECH CAPITALOverton Venture CapitalPropel Venture PartnersUlu VenturesVamosVenturesVibe Capital
Technology integrator providing IT solutions and digital transformation services.
PayJoy provides financial services and credit access to unbanked and underbanked populations in emerging markets across Africa, Asia, and Latin America.
B2B MarketplacesFintechImpact & Social GoodRetail TechSan Francisco, US
Mark Heynen(Co-Founder & Chief Business Officer)Doug Ricket(Co-Founder & CEO)Gib Lopez(Co-Founder & COO)inTom Ricket(Co-Founder)Nick Zakrasek(President, Product Development)Amy Pardee(General Counsel)
Co-investorsCeniarthCiti VenturesCompoundCore Venture CapitalDnx VenturesEchoVC Partners+17 more
Rankmi offers HR software for managing and paying global teams, including employees, freelancers, and international talent across different currencies, from a single platform.
AI & Machine LearningFuture of WorkHR TechSaaS
Felipe Mundaca(Founder)inFelipe Cuadra Cortés(Founder)inEnrique Besa(Founder)in
Co-investorsKayyak VenturesSoftbank Latin America Fund
Logistics management software for SMEs in Latin America.
One-stop shop for customers to manage their physical belongings as if they were digital.
Provides customized financial solutions tailored to each client's specific needs.
Offers loans to micro businesses in Mexico.
Wallapop is a mobile marketplace app that enables users to buy and sell items with other nearby users in their local community.
ConsumerMarketplaces
Agustín Gómez(Founder)in
Co-investorsCriteria Venture TechFJ LabsGarapaInsight PartnersKorelya CapitalMangrove Capital Partners+3 more
Platform empowering immigrant success across finance, healthcare, education, law, and technology.
Marketplace lending platform connecting investors to near-prime borrowers.
Co-investorsStartups
Mobile virtual network operator (MVNO) and enabler (MVNE) providing partners a ready-to-use solution for mobile, financial, and value-added services.
Portfolio news
latest coverage across their companiesPayJoy · Forbes · Jul 24, 2026
Ocho · natlawreview.com · Jul 7, 2026
MPOWER Financing · galvnews.com · Mar 17, 2026
Frequently asked questions
- How many investments has VARIV made?
- VARIV has 42 tracked investments.
- What stage does VARIV invest at?
- VARIV invests at the Seed, Series A, Growth stages.
- What sectors does VARIV focus on?
- VARIV focuses on Consumer, Crypto & Web3, E-commerce, Fintech, HR Tech, InsurTech, Logistics & Supply Chain, Marketplaces, Mobility & Transportation, SaaS.
- Where is VARIV located?
- VARIV is headquartered in Mexico City, MX.
- Who does VARIV co-invest with?
- VARIV most often shares deals with Cathay Innovation, G Squared, Kaszek Ventures, among 92 tracked co-investors.
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