With its proximity to the United States, large market, and considerable startup infrastructure, El Distrito Federal shines with entrepreneurial potential. The city is home to one of Startup Weekend’s first international offices, in part due to the breakneck entrepreneurial growth observed across Mexico. Further, the arrival of accelerators like 500 Startups ensures that businesses that appeal to the country’s 120 million people can grow quickly. Government support for entrepreneurship has been considerable, with a National Institute for Entrepreneurship and Mexican-U.S. Entrepreneurship and Innovation Council, both established in 2013. However, the startup ecosystem is still young. Mexico’s complex and often glacial legal system continues to pose problems for fostering business, and cartel instability poses a general risk.
These businesses offer industry expertise and are a source of startup talent and potential customers. They help fuel the local startup community.
Acquired for an undisclosed sum by
Acquired for $20M by
Up and coming startup
Up and coming startup
As the the Cofounder at Angel Ventures, Hernan oversees the largest angel investment network in Mexico. The network invests in dozens of startups annually, with five chapters in Mexico City. Previously, Hernan was a consultant at Booz & Co.
Federico Antoni and Fernando Lelo de Larrea are two of Mexico’s most prominent venture capitalists. They founded ALL Venture Partners (ALLVP) and the Venture Institute, a VC firm and accelerator respectively. Their wide ranging portfolio includes healthcare and transportation startups.
Santiago Zavala is a Partner and Mentor at 500 Startups, where he has done more than 17 investments in Mexico, started a co-working space and connected entrepreneurs with mentors and role models. Previously, he was the cofounder of Mexican.VC and organizer for Startup Weekend in Mexico.
Adriana Tortajada heads Mexico’s National Institute of Entrepreneurship (INADEM), which leads efforts to improve the business environment for startups. INADEM celebrates, highlights and explores options for entrepreneurs to scale their enterprises.
Heberto is the Founder and Managing Partner of Capital Invent, an early-stage VC fund focused on eCommerce and fintech startups. He was also the founder of Invent, the largest online media network in Mexico.
Claudia is the founder of eCommerce platform, Kichink!. It encompasses every step from customer acquisition to final distribution, and facilitates operations for SMEs and large corporations alike. Claudia is very well connected within the community, and is a mentor at Endeavor.
Leticia Jáuregui Casanueva is a social entrepreneur who strives to improve the well being of women entrepreneurs in rural areas through her organization, CREA. Following its founding in 2008, CREA has aimed to provide information and education to prospective entrepreneurs. Leticia also co-founded Hub DF, a major Mexico City co-working space.
Gabriel Charles currently runs Wayra Mexico, a startup accelerator run by telecoms firm Telefonica. As a veteran of Telefonica, Charles leverages his extensive experience to merge the energy of Mexico’s entrepreneurs with the resources and expertise of Wayra’s backer.
Marcus Dantus is a major figure in Mexico’s startup scene. In addition to his previous work as Director of Wayra Mexico, he also leads VC firm Startup Labs’ operations in Latin America. As the Founder and CEO of Startup Mexico, Dantus provides Mexico City’s entrepreneurs with co-working space, education and other services.
Antonio Quirarte is a serial entrepreneur responsible with a long history in digital media, including as Founder of Interplanet. He currently leads Hacedores.com, a hub for the DIY community. He is a seasoned mentor who has shared his guidance through programs including NEXT Mexico City.
A deal that is generally acknowledged to be the largest venture capital startup in Mexican history.1994
A fund of funds, this roll-up fund combined financial resources from Focir, Bancomext, Banobras, and others to be deployed to Mexican private equity and venture capital funds.2006
Before 500 Startups acquiring them in August of 2012, Mexican.vc was one of the leading investors in Mexico. Their progress garnered lots of attention and brought in international players into Mexico.2010
IBM brings its world-renowned talent and innovation center into Mexico City and with it an influx of talented developers, entrepreneurs, and investors.March, 2011
Recognizing the booming entrepreneurial spirit of Mexico and Latin America, this milestone demonstrates commitment to innovation in the region from one of the largest startup organizations in the world.June 2012
Demonstrates major international attention being directed towards the Mexican startup scene. 500 lends its weight and capital to encouraging Latin American entrepreneurship. This move demonstrates that at least one tech giant believes there is serious talent and opportunity outside of Silicon Valley.August, 2012
Realizing the need for government support for the maturing Mexican startup culture, INADEM was founded to maintain Mexico’s competitiveness in the field in the light of fierce competition from its Latin American neighbors. The institute serves as a one-stop shop for government services alongside programs and products for entrepreneurs.January, 2013
Demonstrating the viability and success of Latin American startups, this merger is an important development in cross-national cooperation between startups, entrepreneurs, and venture capitalist. It paves the path for Pan-American startup deals.September, 2013
Fintech startup Clip raises $8 million in the largest Series A round in Mexican history. It was launched in 2013 by two former PayPal employees.December, 2015
The global non-equity startup accelerator MassChallenge opens its Mexico City office. The accelerator gives free office space and grants to emerging companies.February, 2016