Mexican Venture Capital is Born
Jul 1, 2010
Mexico is finally seeing signs on life in venture capital. A new generation of entrepreneurs supported by government and academia are fueling fundraising.
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.
"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.
"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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