99 Startups

99 Startups is a venture capital firm based in Mexico City, founded in 2016. The firm focuses on funding seed-stage and early-stage startups primarily in the fintech and logistics sectors across Latin America. In addition to fintech and logistics, 99 Startups seeks investment opportunities in various sectors, including business products, business services, financial services, information technology, manufacturing, and technology-based industries in Central and South America.

Luis Nicolás Bustani

Analyst

Alejandro Galvez

Founder and Managing Partner

Past deals in Mexico

MegaBite

Seed Round in 2022
MegaBite is a multibrand cloud kitchen restaurant that specializes in offering premium gastronomic brands at midrange prices targeted at the middle class in Latin America. The company operates exclusively through digital channels, utilizing integrated kitchen software and hardware to facilitate efficient order processing. MegaBite runs its operations from rented dark kitchens, which allows for a modular growth model that enhances scalability. This innovative approach enables the opening of new kitchens with significantly lower capital expenditure and much faster timelines compared to traditional restaurants. Operating in Mexico and Peru, MegaBite has achieved impressive growth, averaging 30% month-over-month since its inception. The platform provides customers with access to a variety of virtual restaurant brands, enhancing their culinary choices while ensuring a seamless online ordering and delivery experience.

DolarApp

Seed Round in 2021
Developer of a financial application intended to provide access to USD for people in Latin America. The company's application lets users create an account for buying digital dollars from smartphones and grow savings in dollars every day and convert them back to pesos and also allows user to check their transactions in real-time, enabling individuals to activate the investment function and review their transactions and returns whenever they want.

Aplazo

Pre Seed Round in 2020
Aplazo is a fintech platform based in Mexico that facilitates online installment payments for users making purchases at affiliated stores. The platform allows customers to apply online and choose a payment method that enables them to pay for their products in fixed installment plans. By providing this service, Aplazo aims to enhance financial access and opportunities for consumers while helping businesses expand their customer base through innovative payment solutions.

Plerk

Seed Round in 2020
Plerk is a company that enhances employee satisfaction and productivity by offering flexible perks and benefits. Established in 2019 and based in Guadalajara, Mexico, Plerk operates an online platform that simplifies the booking and management of business trips. The platform allows organizations to set travel policies and track expenditures, while simultaneously encouraging employees to make cost-effective travel decisions. By focusing on improving workplace happiness, Plerk aims to boost productivity by 80% and increase employee retention by 50%.

Baubap

Seed Round in 2019
Baubap is a developer of a microlending financial platform focused on providing personal loans. The platform allows customers to access instant loans through a user-friendly application, eliminating the need for extensive documentation and complex procedures. This streamlined process enables users to apply for loans conveniently, anytime and anywhere, enhancing accessibility to financial support.

Moneypool

Seed Round in 2016
Moneypool S.A.P.I. de C.V. is a Mexican company based in San Pedro Garza Garcia that operates a social fundraising platform. Founded in 2013 by Ignacio Alvarez, Gerardo Acuña, and Sebastian Cueva, Moneypool enables users to create groups, invite friends, and collect money remotely. The platform allows payments through credit or debit cards and cash, facilitating the division of expenses and the collection of funds among users without the need for bank details. Moneypool takes a standard commission for processing credit card transactions, streamlining the payment process and enhancing user experience by sending reminders for payments.
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