Mexican Venture Capital is Born
Mexico is finally seeing signs on life in venture capital. A new generation of entrepreneurs supported by government and academia are fueling fundraising.
"Last year there was probably only one VC fund [in Mexico] and
this year there are about five operating. In three years I
expect the number to grow to 20," says Rogelio de los Santos,
managing director at Mexicos Alta Ventures, which is
raising its first fund.
by Taina Rosa
Mexico is no stranger to private equity (PE), with local and
international firms eager to build on existing experience. And
some investors are now focusing exclusively on venture capital
(VC), tapping into a wealth of young talent on the ground with
funds for small, early-stage enterprises. This should have real
long term benefits for the countrys economy through
wealth and job creation.
"VC funds from outside of Mexico are interested in coming to
Mexico and bringing with them best practices, technology and
resources to invest," says José Aguilar, adjunct general
director of Mexican development bank...
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