Venture Partners Mexico announces the first closing of its second fund, Venture Innovation Fund II. The firm will focus on service innovation in health care, financial services, mobility and consumer internet; while its investment criteria will weight scalability, superior management, sustained traction and exit potential.
Mexico is among the most promising countries of the emerging economies. In a year, the Federal Government sponsored over 20 reforms that will foster economic competition, foreign investment and boost credit to SMEs. Additionally, its middle-income population is expected to double by 2025. Moreover, its evolving market structures will bring more scalable models to traditional industries. The combination of this larger potential customer base with an innovative business model or the application of technology will create outstanding investment opportunities.
With its second fund, Venture Partners consolidates its position in the Venture Capital industry. Northgate Capital, the premier American Venture Capital fund of funds participates as anchor investor. Among other private investors, Mexico Ventures, the Mexican development bank’s fund of funds, will also participate. The Multilateral Investment Fund, an arm of IDB, and the National Institute for the Entrepreneur, INADEM, are both expected to invest in a second closure.
“We are very excited to have such renowned investors on board. Their combined experience is very knowledgeable both local and globally”, said Fernando Lelo de Larrea, Managing Partner of Venture Partners.
"Venture Partners is uniquely positioned in the Venture Capital industry to take advantage of the resulting opportunities. I believe it is the most active and solid fund and trust that it will be a great investment", said Eduardo Mapes, Principal in Northgate Capital Mexico.
Federico Antoni, Managing Partner of Venture Partners, mentioned: "Mexico presents a great investment opportunity. Through Series-A investing we will enable entrepreneurs to create new markets”.
Venture Partners México fue fundado por Federico Antoni y Fernando Lelo de Larrea en 2012. A través de su primer fondo, ha hecho doce inversiones en empresas altamente innovadoras en las que destacan Carrot, la primera empresa de autos compartidos en México, Médica Santa Carmen, una red de clínicas de hemodiálisis, y Prestadero, primer plataforma de préstamos de personas a personas en México. La empresa es miembro de la Asociación Latinoamericana de Venture Capital (LAVCA, por sus siglas en inglés), de la Asociación Mexicana de Capital Privado (AMEXCAP) y del Endeavor Investor Network.