khôra

We are a collective of 4,150+ founders, investors, builders, talent, students, corporates, and aspiring entrepreneurs building the future of Latin America

[kate kiewel @katekiewel]

5⃣Five Top Funding Rounds in Mexico🇲🇽
📌Klar raises $130M Series C
📌Crabi raises $13.6M Series A
📌Plenna raises $8M Series A
📌Blooms raises a $2.6M Seed Round
📌 Plata raises $120M of in senior unsecured bonds

[khôra @withkhora]

@A_Endo @MiguelArmaza Vamos!!!

[A_endo @A_Endo]

@MiguelArmaza and I are proud to announce that Gilgamesh Ventures has closed our second fund, bringing our total assets under management to $35 million. We're more excited than ever to be able to support the founders building the future of financial services!

[khôra @withkhora]

@MiguelArmaza @GilgameshVC @A_Endo esoooooo!!!

[Miguel Armaza 🎙🎧 @MiguelArmaza]

We're proud to announce that we have closed @GilgameshVC Fund II, bringing our total assets under management to $35 million. We're more excited than ever to be able to support the founders building the future of financial services!

Since launching in 2021, @A_Endo and I have backed 44 startups across 10+ markets globally, and we're grateful for the founders who have allowed us to be part of their journey.

Thank you to our investors, founders, and community for your strong support. We look forward to working together and backing more incredible builders in the years to come!

Special thanks to Ryan Lawler for covering us on @axios

[kate kiewel @katekiewel]

Open Roles at Latam VC Funds (+ global funds that have latam portcos)

Venture Capital Jobs and Internships:
📌 Chief of Staff @ Better Tomorrow Ventures
📌 Research & Content Analyst @ SaaSholic
📌 Chief of Staff @ Soma Capital
📌 Investment Associate Dalus Capital
📌 Internship Program @ Valor Capital Group
📌 Associate, IR & ESG @ Quona Capital
📌 Investment Associate @ Kayyak Ventures
📌 Senior Analyst/Associate @ Bridge Latam
📌 MBA & Undergraduate Internship @ Atlantico

More details in the 🔗 in the replies!

[kate kiewel @katekiewel]

Happy New Year everyone! ✨✨✨

[Bicycle Capital @Bicyclevc]

The New York Stock Exchange recently hosted @snyatta to discuss the opportunity in Latin America and the role @Bicyclevc is playing to bring dedicated growth capital to the region and fostering connectivity for increased liquidity

Thank you for hosting us @JudyKShaw & @NYSE!

[Bicycle Capital @Bicyclevc]

🔗Full interview: https://t.co/RAUi7aUCpt

[Arnaud T @sceniuslatam]

Colombian Picap to start operations in Mexico

The motorbike ride-sharing platform established in 2016 has entered the Mexican market focusing on reducing commute times in Mexico City, where residents spend up to two hours traveling to work.

The app, known as "the Uber of motorcycles," aims to save users about 30% on fares compared to other ride-sharing apps, with an average cost between 33 and 78 pesos.

Despite offering potential time savings and competitive earnings for drivers, Picap faces significant challenges in Mexico, including road safety and user mistrust.

In its home country, Colombia, the startup has faced legal issues regarding the legality of its motorcycle taxi model.

While very common in South East Asia, the model face reticence in Latin America.

Would you ride the chaotic streets of CDMX?

[Mexico Tech Week @MexicoTechWeek]

Mexico Tech Week 2024

🇲🇽 Official Launch of the 2nd Edition of #MXTW2024!
CDMX Oct 21-27 🚀 We are live with event registrations!

In 2023, we had:
• 80 events
• 125 partners
• Over 3,600 attendees

We can't wait to host you this year!

[Arnaud T @sceniuslatam]

Mexico has a new VC fund 🇲🇽🤑

Semilla Ventures has announced the closing of its US$ 9.25 million Fund.

This fund is set to invest in tech startups at the pre-seed stage across Spanish-speaking Latin America, particularly those that drive the digitalization of businesses, industries, and consumers.

Semilla Ventures is led by José Vielma (@vielmajose ), managing partner with over 9 years of experience doing business angel investing.

He invested in approximately 80 startups, including Billpocket, Nowports, Zenfi, 100Ladrillos, Boletomovil, Nexu, Bego, Parco, Eden, Beek, Prixz, Crabi, among others.

Following the steps of @HarryStebbings , José also recently launched a podcast interviewing successful entrepreneurs from Mexico - @Cronicascapital

[Michael Morgenstern @M___Morgenstern]

Loved these two context rich sessions at #SALTiConnectionsNY

[kate kiewel @katekiewel]

Growth Unlocked: From LatAm to the World

@marceloclaure of @Bicyclevc discussing the future of Latin America and the opportunities ahead with Ambassador Cliff Sobel of @valorcapgroup

[kate kiewel @katekiewel]

A pleasure to attend and participate at SALT this year . Thanks for having us @Scaramucci

Grateful to have joined a panel on early & growth stage investing in Latam alongside @bicyclevc, Maya Capital & Upload Ventures where we discussed trends, the opportunity today, and the bright future ahead of the region

#LongLatam

[kate kiewel @katekiewel]

In February, the US bought imports from Mexico totaled at $40bn, some 25% more than China.

Nearshoring is real and on the rise.

🇲🇽🇲🇽🇲🇽

[Arnaud T @sceniuslatam]

Uber freezes its FinTech plans in Mexico

Uber has paused its FinTech ventures in Mexico, despite obtaining a FinTech license for an electronic payment funds institution in May, which would have enabled it to launch a digital wallet and debit card.

The reasons for this decision remain unspecified.

In contrast, competitors inDrive and DiDi are doubling down on their financial services.

InDrive has introduced loan and credit card services for drivers through partnerships with companies like R2, Galileo, and Mastercard, boosting driver retention and revenue generation.

DiDi has expanded its financial offerings to all Mexicans with the DiDi Finanzas app, disbursing over 5 million loans and handling over 2 million transactions through DiDi Pay.

DiDi also launched a credit card last year and is pursuing a super-app strategy, integrating various daily services into one platform.

Any idea why Uber decided to take the other route?

[Collab Fund @collabfund]

Want to work at Collab Fund?

We are excited to kick off a search for two new team members to join us as part of our two-year Associate program.

https://t.co/kfJ6oozmmv

[itz @itsitz_]

Nubank and Mercado Pago have partnered with @Felixpago to offer US-MX remittances.

Impressive to see a seed startup achieving that level of partnerships.

https://t.co/ngTyCoyY5d

[khôra @withkhora]

¡Participa en el @Finnovista #Fintech Radar #México 2024! Si tu #startup opera en el país dale visibilidad y aparece en uno de los reportes más relevantes del ecosistema emprendedor de #LATAM.
Tienes hasta el 10/01: https://t.co/QE651i4dXV