IGNIA
IGNIA Partners, LLC, established in 2007, is a venture capital firm headquartered in Mexico City, with an additional office in Monterrey. The firm specializes in early to late-stage investments, focusing on companies that provide innovative technology solutions addressing fundamental needs in Latin America, particularly those serving low-income populations. IGNIA invests in sectors such as healthtech, fintech, SaaS, edtech, e-commerce, and AI-enabled platforms, seeking to acquire significant equity stakes, often up to 100%, and aiming for a seat on the board of its portfolio companies. The firm typically invests between $2 million and $11 million in equity, targeting companies based in Mexico and Latin America, and considers co-investments with other organizations. IGNIA's investments are guided by a mission to deliver positive impact on people's lives through goods and services in areas like healthcare, housing, education, financial services, and basic utilities.
82 past transactions
Malga
Series A in 2025
Malga is an API to accept payments with multiple payment providers. Malga gives digital businesses access to multiple payments services through a single integration, and the ability to change between them on a transaction-to-transaction basis without writing code.
Influur
Series A in 2024
Influur is a professional networking platform that connects influencers with brands to support marketing collaborations. The platform utilizes data-driven insights to enhance decision-making for brands seeking effective influencer engagement. By offering tools for comprehensive campaign management, Influur streamlines the influencer marketing process from start to finish. It facilitates direct connections between influencers, creators, and brands globally, enabling businesses to access untapped markets and reach broader audiences through targeted marketing strategies.
Aviva
Seed Round in 2024
Aviva operates an AI-powered digital bank aimed at providing financial services to underbanked communities in Latin America, particularly targeting unsecured credit products for individuals and nano-businesses in Mexico. The company focuses on reaching the over 40 million underbanked Mexicans, many of whom reside in small and medium-sized towns, through physical onboarding kiosks. These nano-branches facilitate a documentless onboarding process via a three-minute video that leverages AI technology, including natural language processing, to streamline credit applications. By transforming speech to text and assessing customers' emotions and personality through video, Aviva enhances its ability to score thin-file customers effectively. This innovative approach allows Aviva to offer competitive interest rates and meet the financial needs of underserved populations.
Escala
Venture Round in 2024
Escala provides an all-in-one CRM platform aimed at improving marketing and sales operations for businesses. The platform includes a range of digital marketing tools, such as customer relationship management, email marketing, landing pages, and automation features. By offering these integrated solutions, Escala helps businesses streamline their processes and enhance customer retention, ultimately enabling them to accelerate growth.
Polaroo
Convertible Note in 2024
Polaroo is a company that specializes in providing asset-related service management solutions for asset-intensive businesses. It develops a proprietary hybrid technology that integrates advanced artificial intelligence into operational systems, enhancing efficiency and optimizing asset performance. This innovative platform delivers actionable insights and transforms customer experiences, ultimately supporting sustainable growth while reducing costs. In addition, Polaroo offers a digital payment platform designed to streamline the management of domiciled expenses, allowing customers to register and manage payments for essential services such as internet, water, and gas. By aggregating user data, Polaroo enables clients to effectively handle monthly bills and tailor services to meet customer needs.
Novel Capital
Seed Round in 2024
Novel Capital, founded in 2018 and based in Mission, Kansas, is a fintech company that offers innovative funding solutions tailored for early-stage B2B software companies. By leveraging a tech-first approach, Novel Capital enables its customers to access non-dilutive capital based on future recurring revenue, effectively breaking down traditional growth barriers. The platform also provides online data-driven insights and curated learning resources, empowering entrepreneurs to capitalize on their momentum and scale their businesses without relinquishing equity. Through its flexible revenue-based financing and operational sales expertise, Novel Capital aims to foster a thriving startup ecosystem and support the growth of emerging businesses.
Worky
Series A in 2024
Worky is a company that specializes in employee-centric human resource software, aimed at transforming HR management for small and medium enterprises. The platform facilitates improved communication between firms and their employees while enhancing employees' financial well-being. Worky's software automates various HR activities and benefits, ensuring accurate payroll calculations without errors. It enhances data security and allows clients to streamline their HR processes on a single platform, thus simplifying management tasks and improving overall efficiency in human resource operations.
Fairgen
Seed Round in 2024
Fairgen is a developer of algorithmic software focused on identifying and mitigating bias in machine learning algorithms and their data sets. The company's platform employs a case-independent method to detect biases within customer data and implements corrective measures using synthetic data generation. This approach allows users to create corrected datasets suitable for training their models, ultimately enhancing the fairness of AI applications. Fairgen’s tools are designed to be platform-independent and easily integrated, ensuring that all customers receive equitable treatment while addressing the challenges associated with algorithmic bias. By prioritizing a data-centric methodology, Fairgen aims to improve the reliability and effectiveness of machine learning systems.
Reuse
Seed Round in 2024
Reuse is an online marketplace focused on buying and selling refurbished electronics in Latin America. The platform provides a wide range of reconditioned products, including cell phones, headsets, smart watches, computers, uninterruptible power supplies, and adapters. By offering these refurbished items, Reuse enables customers to access quality electronics at more affordable prices, contributing to a sustainable approach to technology consumption.
Piper
Pre Seed Round in 2023
Piper is a next-gen sales productivity and intelligence solution that puts AI to work for both sales reps and sales managers. Through its advanced interpretation of sales conversations from video calls, emails and audio notes, Piper automatically populates deal-related fields in the CRM, freeing up sales capacity and ensuring unbiased, high quality data. Piper further lightens the daily workload of salespeople by assisting through every stage of the client engagement: enhancing meeting prep, drafting follow-up emails, scheduling the next call, and more. For sales reps, Piper is a game-changer, letting them focus on selling without the admin drag. For sales directors and revenue ops, Piper provides top-notch data insights into the sales pipeline, enhancing sales forecasting and data-driven decision-making.
Erudit
Series A in 2023
Erudit is a company focused on developing an employee burnout detection platform aimed at reducing worker turnover and enhancing organizational health. Utilizing advanced artificial intelligence and semantic personality analysis, Erudit transforms real-time employee data into actionable insights. This enables businesses to assess burnout risk, engagement levels, and interpersonal frictions across all departments. By providing reliable, data-driven analysis, Erudit empowers executives to make informed decisions that benefit both the organization and its workforce. The team consists of psychologists, AI experts, and data analysts who are dedicated to fostering a positive work environment, promoting employee well-being, and boosting talent retention.
Nocnoc
Series A in 2023
Nocnoc is a cross-border e-commerce platform based in Montevideo, Uruguay, founded in 2017. It facilitates the entry of Latin American marketplaces into the global e-commerce landscape while empowering international sellers to increase their sales volumes in the region. Nocnoc combines integrated logistics and targeted marketing services to create a seamless shopping experience for consumers, regardless of the origin of the products. The platform uses advanced technology and insights from local experts to analyze supply and demand, helping sellers optimize pricing and enhance conversion rates. This enables sellers worldwide to access multiple Latin American marketplaces through a single interface, connecting them with millions of consumers each month.
Vendi
Pre Seed Round in 2023
9 of 10 founders don’t have a background in sales. 2 of 3 struggle to scale up sales beyond their existing network. Building a team is too expensive. No time or skills to do it yourself. Vendi AI is your sales superpower, giving you full access to your entire market, ensures you know everything to win every deal and makes you take the right action at the right time. Vendi's superpowers unlock the true potential of founders.
Polaroo
Seed Round in 2023
Polaroo is a company that specializes in providing asset-related service management solutions for asset-intensive businesses. It develops a proprietary hybrid technology that integrates advanced artificial intelligence into operational systems, enhancing efficiency and optimizing asset performance. This innovative platform delivers actionable insights and transforms customer experiences, ultimately supporting sustainable growth while reducing costs. In addition, Polaroo offers a digital payment platform designed to streamline the management of domiciled expenses, allowing customers to register and manage payments for essential services such as internet, water, and gas. By aggregating user data, Polaroo enables clients to effectively handle monthly bills and tailor services to meet customer needs.
Random Games
Seed Round in 2022
Random Games is a game development platform aimed at transforming the interaction between gamers and game developers. By leveraging blockchain technology and non-fungible tokens (NFTs), the platform provides funding opportunities for gamers within the metaverse. This innovative approach focuses on community empowerment, allowing gamers to create added value for game developers through the advantages offered by the cryptocurrency industry. Through its unique model, Random Games seeks to enhance collaboration and financial support within the gaming ecosystem.
Kontempo
Seed Round in 2022
Kontempo is a prominent B2B payments platform tailored for the industrial sector in Mexico. It offers software solutions for wholesalers, manufacturers, and distributors, enabling them to provide flexible payment options such as credit and installment plans to their customers. By utilizing advanced APIs and AI-driven risk models, Kontempo allows businesses to process more credit for a wider range of clients while minimizing financial risk and the need for additional capital. The platform also facilitates alternative payment methods, including buy now, pay later and interest-free installments, helping suppliers enhance sales and improve cash flow for their small business customers.
UnDosTres
Series B in 2022
UnDosTres is transforming the consumer payments landscape in Mexico with its innovative online payment platform that provides secure and reliable payment alternatives. The platform enables users to make payments for a wide range of services, including mobile and DTH recharges, electricity and water bills, movie tickets, and other utility expenses. By allowing payments through credit and debit cards, bank transfers, and digital wallets, UnDosTres streamlines online transactions, making it easier for Mexicans to manage their financial obligations. As one of the fastest-growing startups in the country, UnDosTres has garnered recognition as the Best Fintech Startup in Emerging Markets, underscoring its significant impact on the payments sector.
Lentesplus
Series E in 2021
Lentesplus is a prominent e-commerce platform specializing in contact lenses, catering to the Latin American market. The company modernizes the purchasing of visual health devices by offering a user-friendly platform that allows customers to order contact lenses at competitive prices, typically 20% to 30% below market standards. Lentesplus emphasizes customer convenience, providing home or office deliveries, often on the same day as the order, and facilitating a seamless reordering process that requires just two clicks. The platform also offers visual exams conducted by specialists to accurately assess customers' needs for various lens sizes and attributes. With operations in Colombia, Mexico, Chile, and Argentina, Lentesplus is committed to enhancing the shopping experience for contact lens users in the region.
Abra
Series C in 2021
Abra is a cryptocurrency platform established in 2014, designed to provide a straightforward and secure environment for individuals and businesses to buy, trade, and borrow against cryptocurrencies. Based in the United States and operational in over 150 countries, Abra facilitates easy conversion between cryptocurrencies and various local fiat currencies. The platform serves a diverse clientele, including high-net-worth individuals, family offices, registered investment advisors, and institutions, offering customizable services that allow users to manage their crypto portfolios effectively. With over two million customers and $9 billion processed in transactions, Abra has positioned itself as a trusted solution in the cryptocurrency market, earning recognition as one of the top five crypto wallets. The company is supported by prominent investors, reinforcing its commitment to creating an open and accessible global financial system.
ProducePay
Series C in 2021
ProducePay, founded by Pablo Borquez Schwarzbeck, aims to revolutionize the global fresh produce supply chain by addressing the challenges of economic and food waste. This AgTech company has developed a Predictable Commerce Platform that enhances the connection between growers and buyers, offering access to capital, trading opportunities, insights, and improved supply chain visibility. By providing farmers with immediate liquidity and financing options, along with real-time pricing data, ProducePay enables them to make informed decisions and expand their businesses. This platform not only facilitates efficient transactions but also ensures that consumers receive fresher produce while promoting sustainable practices within the agricultural industry.
Nuvemshop
Series C in 2020
Nuvemshop provides entrepreneurs and SMBs with the tools to set up, manage, and promote their online businesses easily from any device. With the suite of tools around payments, shipping, inventory management, and marketing provided by the company, owners are enabled to participate in the e-commerce market, ramp up their sales, reduce costs, and provide their end customers with a shopping experience. In 2011, co-founders Alejandro Alfonso, Santiago Sosa, Jose Abuchaem, Martin Palombo, and Alejandro Vazquez established Nuvemshop in 2011.
Fondeadora
Series A in 2020
Fondeadora is a digital banking service founded in 2018 and headquartered in Mexico City, Mexico. The company aims to address the inefficiencies of traditional banking by offering a free debit card linked to a user-friendly mobile app. This platform allows users to pay, store, and manage their money without the complications often associated with conventional banking systems. In addition to basic banking functions, Fondeadora operates as a crowdfunding platform, enabling customers and businesses to monitor their expenses, receive immediate notifications, and raise funds securely. This innovative approach enhances financial management for its users while eliminating unnecessary fees and paperwork.
Ofi
Convertible Note in 2020
OFI is a technology solutions provider based in Bogota, Colombia, founded on April 16, 2014. The company serves small, medium, and large enterprises through its B2B portal, offering a range of products including stationery, software, and hardware. Additionally, OFI operates as a managed services firm specializing in digital transformation and automation services. Its offerings include public cloud management, data center services, and process automation, aimed at helping clients innovate and enhance their return on investment. By leveraging its expertise, OFI enables businesses to adopt suitable technological solutions tailored to their specific needs.
Arcus Financial Intelligence
Series A in 2020
Arcus Financial Intelligence, Inc. is a New York-based company that develops and operates an application program interface (API) platform designed for banks and financial institutions. The platform focuses on managing consumer bills and financial data, offering real-time bill management and payment services. Users can gain insights into their family finances, including details about outstanding bills, amounts owed, and due dates. Additionally, Arcus provides a multi-rail payment platform that facilitates various payment methods, making payments more accessible for consumers. Founded in 2012 and originally known as Regalii Inc., the company rebranded to Arcus Financial Intelligence, Inc. in June 2018.
Lentesplus
Series D in 2020
Lentesplus is a prominent e-commerce platform specializing in contact lenses, catering to the Latin American market. The company modernizes the purchasing of visual health devices by offering a user-friendly platform that allows customers to order contact lenses at competitive prices, typically 20% to 30% below market standards. Lentesplus emphasizes customer convenience, providing home or office deliveries, often on the same day as the order, and facilitating a seamless reordering process that requires just two clicks. The platform also offers visual exams conducted by specialists to accurately assess customers' needs for various lens sizes and attributes. With operations in Colombia, Mexico, Chile, and Argentina, Lentesplus is committed to enhancing the shopping experience for contact lens users in the region.
Virket
Seed Round in 2020
Virket is a digital technology and services provider focused on enhancing local business success across the U.S. Hispanic and Latin American markets. Since its establishment in 2009, the company has delivered over 500,000 digital solutions in more than 20 countries. Virket's platform is designed to support businesses in growing, managing, and tracking their performance through a comprehensive suite of mobile services. This includes digital marketing, eCommerce tools, and on-demand professional services, all aimed at helping clients thrive in the online environment. By partnering with large enterprises across various sectors, Virket has built a strong network that facilitates the digitization of the local business ecosystem.
UnDosTres
Convertible Note in 2019
UnDosTres is transforming the consumer payments landscape in Mexico with its innovative online payment platform that provides secure and reliable payment alternatives. The platform enables users to make payments for a wide range of services, including mobile and DTH recharges, electricity and water bills, movie tickets, and other utility expenses. By allowing payments through credit and debit cards, bank transfers, and digital wallets, UnDosTres streamlines online transactions, making it easier for Mexicans to manage their financial obligations. As one of the fastest-growing startups in the country, UnDosTres has garnered recognition as the Best Fintech Startup in Emerging Markets, underscoring its significant impact on the payments sector.
Fondeadora
Venture Round in 2019
Fondeadora is a digital banking service founded in 2018 and headquartered in Mexico City, Mexico. The company aims to address the inefficiencies of traditional banking by offering a free debit card linked to a user-friendly mobile app. This platform allows users to pay, store, and manage their money without the complications often associated with conventional banking systems. In addition to basic banking functions, Fondeadora operates as a crowdfunding platform, enabling customers and businesses to monitor their expenses, receive immediate notifications, and raise funds securely. This innovative approach enhances financial management for its users while eliminating unnecessary fees and paperwork.
Kinedu
Series A in 2019
Kinedu is an educational platform that focuses on fostering meaningful relationships between parents and their children through creative activities. It offers personalized video-based developmental activities specifically designed for toddlers, which aim to enhance cognitive, social, linguistic, emotional, and physical development during early childhood. By providing engaging content, Kinedu helps parents support their children's growth and development at a crucial stage in their lives.
Sr.Pago
Convertible Note in 2019
Sr.Pago is a mobile point of sale (MPOS) system that enables individuals and small businesses to receive card payments via smartphones and tablets. It enables users to have access to banking-related services via a chip-based debit card, a card reader that connects to any smartphone or tablet, and an app for managing transactions. The MPOS system enables its users to accept credit card payment for the services they render, transfer that money to a reloadable MasterCard debit card, and make purchases with those funds anywhere MasterCard is accepted, and a withdraw cash from any Walmart-affiliated location in Mexico. It is available for iPods, iPads, and iPhones as well as Android platforms. Sr.Pago was launched in 2010 and its operations are based in Mexico City, Distrito Federal.
Takeoff
Series C in 2019
Takeoff Technologies Inc., established in 2016 and headquartered in Waltham, Massachusetts, specializes in an automated grocery fulfillment system tailored for online grocery retailers. Its platform integrates retailers, real estate, and automation technology, connecting them directly with consumers. Takeoff's strategic partnership with Albertsons Companies demonstrates its commitment to helping grocers thrive in the e-commerce landscape. By utilizing robots in micro fulfillment centers, Takeoff's system enables retailers to lower last-mile and assembly costs, providing them with the flexibility to grow alongside their customers.
Covalto
Series B in 2019
Covalto, formerly known as Credijusto, is a financial technology company based in Mexico City that specializes in providing comprehensive financial solutions for small and medium-sized enterprises (SMEs). Founded in 2015, Covalto has developed a robust technology infrastructure that utilizes digital tax, e-invoice, and financial data to streamline the underwriting and servicing of SMEs. The company offers a multi-product credit platform, banking services, and a suite of business analytics tools, all designed to facilitate accessible and transparent credit for business growth. In 2021, Covalto distinguished itself as the first fintech in Mexico to acquire a regulated bank, further enhancing its digital banking and service offerings for SMEs.
Ofi
Series B in 2019
OFI is a technology solutions provider based in Bogota, Colombia, founded on April 16, 2014. The company serves small, medium, and large enterprises through its B2B portal, offering a range of products including stationery, software, and hardware. Additionally, OFI operates as a managed services firm specializing in digital transformation and automation services. Its offerings include public cloud management, data center services, and process automation, aimed at helping clients innovate and enhance their return on investment. By leveraging its expertise, OFI enables businesses to adopt suitable technological solutions tailored to their specific needs.
Apli
Seed Round in 2019
Apli is a software company that specializes in streamlining recruitment, onboarding, and learning processes for large employers in Latin America and the United States. The company offers an online end-to-end recruitment platform that utilizes AI technologies, including chatbots and machine learning tools, to enhance the efficiency of hiring. Apli’s solutions are designed to help recruiters easily find suitable candidates for various roles, including administrative assistants, sales personnel, and frontline workers. By focusing on user-friendly applications, Apli aims to improve the overall experience for both candidates and employees, ultimately boosting workforce productivity throughout the employee lifecycle.
Afluenta
Series C in 2019
Afluenta S.A., founded in 2008 and headquartered in Buenos Aires, Argentina, operates a peer-to-peer lending platform that connects borrowers and investors across Latin America. As the first marketplace lending company in the region, Afluenta facilitates loans for consumers and small to medium-sized enterprises, enabling borrowers to access more favorable rates than those offered by traditional financial institutions. Investors benefit from competitive yields on their funds, with net yields exceeding 20% in recent years. The company has expanded its operations to Argentina, Mexico, and Peru, with plans for further growth in Colombia and Brazil. Afluenta's automated platform streamlines the lending process, encompassing credit assessment, risk scoring, loan servicing, and a secondary market for trading loans, thereby enhancing liquidity for investors.
DogHero
Series C in 2019
DogHero, Ltd. operates a peer-to-peer platform that connects pet owners with trusted sitters, facilitating a marketplace for dog boarding services. Founded in 2014 and based in Sao Paulo, Brazil, the company offers solutions for dog owners to find pet-hosting services, including dog boarding, sitting, walking, and daycare. Through its platform, DogHero enables pet owners to find reliable hosts who provide care and maintain a routine for their dogs while the owners are away. As of October 2020, DogHero operates as a subsidiary of Petsupermarket Comércio de Produtos Para Animais S.A.
Abra
Series B in 2019
Abra is a cryptocurrency platform established in 2014, designed to provide a straightforward and secure environment for individuals and businesses to buy, trade, and borrow against cryptocurrencies. Based in the United States and operational in over 150 countries, Abra facilitates easy conversion between cryptocurrencies and various local fiat currencies. The platform serves a diverse clientele, including high-net-worth individuals, family offices, registered investment advisors, and institutions, offering customizable services that allow users to manage their crypto portfolios effectively. With over two million customers and $9 billion processed in transactions, Abra has positioned itself as a trusted solution in the cryptocurrency market, earning recognition as one of the top five crypto wallets. The company is supported by prominent investors, reinforcing its commitment to creating an open and accessible global financial system.
Fondeadora
Seed Round in 2019
Fondeadora is a digital banking service founded in 2018 and headquartered in Mexico City, Mexico. The company aims to address the inefficiencies of traditional banking by offering a free debit card linked to a user-friendly mobile app. This platform allows users to pay, store, and manage their money without the complications often associated with conventional banking systems. In addition to basic banking functions, Fondeadora operates as a crowdfunding platform, enabling customers and businesses to monitor their expenses, receive immediate notifications, and raise funds securely. This innovative approach enhances financial management for its users while eliminating unnecessary fees and paperwork.
Virket
Seed Round in 2019
Virket is a digital technology and services provider focused on enhancing local business success across the U.S. Hispanic and Latin American markets. Since its establishment in 2009, the company has delivered over 500,000 digital solutions in more than 20 countries. Virket's platform is designed to support businesses in growing, managing, and tracking their performance through a comprehensive suite of mobile services. This includes digital marketing, eCommerce tools, and on-demand professional services, all aimed at helping clients thrive in the online environment. By partnering with large enterprises across various sectors, Virket has built a strong network that facilitates the digitization of the local business ecosystem.
Rapyd
Series B in 2019
Rapyd is a payments platform that integrates fintech services into applications, streamlining access to a variety of local payment methods. It empowers e-commerce merchants, gig platforms, challenger wallets, remittance services, online lenders, and traditional banks to overcome the constraints of outdated infrastructure. By facilitating the creation of innovative, mobile-friendly payment solutions, Rapyd enhances the financial capabilities of its users, allowing them to adapt to the evolving demands of the digital economy.
GoTrendier
Venture Round in 2019
GoTrendier is an e-commerce platform based in Colombia that facilitates the buying and selling of second-hand clothing. It allows users to post and sell clothes they no longer wear, providing an opportunity to earn money from their unused fashion items. The platform is designed to enable users to browse and purchase clothing from other individuals, making it easier to find unique and affordable pieces. GoTrendier promotes sustainability by encouraging the recycling of clothing, while also offering a user-friendly experience for those looking to refresh their wardrobes. The service is free for users, allowing them to connect and engage in a vibrant community centered around fashion.
Arcus Financial Intelligence
Series A in 2018
Arcus Financial Intelligence, Inc. is a New York-based company that develops and operates an application program interface (API) platform designed for banks and financial institutions. The platform focuses on managing consumer bills and financial data, offering real-time bill management and payment services. Users can gain insights into their family finances, including details about outstanding bills, amounts owed, and due dates. Additionally, Arcus provides a multi-rail payment platform that facilitates various payment methods, making payments more accessible for consumers. Founded in 2012 and originally known as Regalii Inc., the company rebranded to Arcus Financial Intelligence, Inc. in June 2018.
Lentesplus
Series C in 2018
Lentesplus is a prominent e-commerce platform specializing in contact lenses, catering to the Latin American market. The company modernizes the purchasing of visual health devices by offering a user-friendly platform that allows customers to order contact lenses at competitive prices, typically 20% to 30% below market standards. Lentesplus emphasizes customer convenience, providing home or office deliveries, often on the same day as the order, and facilitating a seamless reordering process that requires just two clicks. The platform also offers visual exams conducted by specialists to accurately assess customers' needs for various lens sizes and attributes. With operations in Colombia, Mexico, Chile, and Argentina, Lentesplus is committed to enhancing the shopping experience for contact lens users in the region.
UnDosTres
Series A in 2018
UnDosTres is transforming the consumer payments landscape in Mexico with its innovative online payment platform that provides secure and reliable payment alternatives. The platform enables users to make payments for a wide range of services, including mobile and DTH recharges, electricity and water bills, movie tickets, and other utility expenses. By allowing payments through credit and debit cards, bank transfers, and digital wallets, UnDosTres streamlines online transactions, making it easier for Mexicans to manage their financial obligations. As one of the fastest-growing startups in the country, UnDosTres has garnered recognition as the Best Fintech Startup in Emerging Markets, underscoring its significant impact on the payments sector.
Takeoff
Series B in 2018
Takeoff Technologies Inc., established in 2016 and headquartered in Waltham, Massachusetts, specializes in an automated grocery fulfillment system tailored for online grocery retailers. Its platform integrates retailers, real estate, and automation technology, connecting them directly with consumers. Takeoff's strategic partnership with Albertsons Companies demonstrates its commitment to helping grocers thrive in the e-commerce landscape. By utilizing robots in micro fulfillment centers, Takeoff's system enables retailers to lower last-mile and assembly costs, providing them with the flexibility to grow alongside their customers.
GoTrendier
Series B in 2018
GoTrendier is an e-commerce platform based in Colombia that facilitates the buying and selling of second-hand clothing. It allows users to post and sell clothes they no longer wear, providing an opportunity to earn money from their unused fashion items. The platform is designed to enable users to browse and purchase clothing from other individuals, making it easier to find unique and affordable pieces. GoTrendier promotes sustainability by encouraging the recycling of clothing, while also offering a user-friendly experience for those looking to refresh their wardrobes. The service is free for users, allowing them to connect and engage in a vibrant community centered around fashion.
Kinedu
Series A in 2018
Kinedu is an educational platform that focuses on fostering meaningful relationships between parents and their children through creative activities. It offers personalized video-based developmental activities specifically designed for toddlers, which aim to enhance cognitive, social, linguistic, emotional, and physical development during early childhood. By providing engaging content, Kinedu helps parents support their children's growth and development at a crucial stage in their lives.
Rapyd
Series B in 2018
Rapyd is a payments platform that integrates fintech services into applications, streamlining access to a variety of local payment methods. It empowers e-commerce merchants, gig platforms, challenger wallets, remittance services, online lenders, and traditional banks to overcome the constraints of outdated infrastructure. By facilitating the creation of innovative, mobile-friendly payment solutions, Rapyd enhances the financial capabilities of its users, allowing them to adapt to the evolving demands of the digital economy.
Covalto
Series A in 2018
Covalto, formerly known as Credijusto, is a financial technology company based in Mexico City that specializes in providing comprehensive financial solutions for small and medium-sized enterprises (SMEs). Founded in 2015, Covalto has developed a robust technology infrastructure that utilizes digital tax, e-invoice, and financial data to streamline the underwriting and servicing of SMEs. The company offers a multi-product credit platform, banking services, and a suite of business analytics tools, all designed to facilitate accessible and transparent credit for business growth. In 2021, Covalto distinguished itself as the first fintech in Mexico to acquire a regulated bank, further enhancing its digital banking and service offerings for SMEs.
Sr.Pago
Series B in 2018
Sr.Pago is a mobile point of sale (MPOS) system that enables individuals and small businesses to receive card payments via smartphones and tablets. It enables users to have access to banking-related services via a chip-based debit card, a card reader that connects to any smartphone or tablet, and an app for managing transactions. The MPOS system enables its users to accept credit card payment for the services they render, transfer that money to a reloadable MasterCard debit card, and make purchases with those funds anywhere MasterCard is accepted, and a withdraw cash from any Walmart-affiliated location in Mexico. It is available for iPods, iPads, and iPhones as well as Android platforms. Sr.Pago was launched in 2010 and its operations are based in Mexico City, Distrito Federal.
GoTrendier
Seed Round in 2018
GoTrendier is an e-commerce platform based in Colombia that facilitates the buying and selling of second-hand clothing. It allows users to post and sell clothes they no longer wear, providing an opportunity to earn money from their unused fashion items. The platform is designed to enable users to browse and purchase clothing from other individuals, making it easier to find unique and affordable pieces. GoTrendier promotes sustainability by encouraging the recycling of clothing, while also offering a user-friendly experience for those looking to refresh their wardrobes. The service is free for users, allowing them to connect and engage in a vibrant community centered around fashion.
Virket
Seed Round in 2018
Virket is a digital technology and services provider focused on enhancing local business success across the U.S. Hispanic and Latin American markets. Since its establishment in 2009, the company has delivered over 500,000 digital solutions in more than 20 countries. Virket's platform is designed to support businesses in growing, managing, and tracking their performance through a comprehensive suite of mobile services. This includes digital marketing, eCommerce tools, and on-demand professional services, all aimed at helping clients thrive in the online environment. By partnering with large enterprises across various sectors, Virket has built a strong network that facilitates the digitization of the local business ecosystem.
DogHero
Series B in 2017
DogHero, Ltd. operates a peer-to-peer platform that connects pet owners with trusted sitters, facilitating a marketplace for dog boarding services. Founded in 2014 and based in Sao Paulo, Brazil, the company offers solutions for dog owners to find pet-hosting services, including dog boarding, sitting, walking, and daycare. Through its platform, DogHero enables pet owners to find reliable hosts who provide care and maintain a routine for their dogs while the owners are away. As of October 2020, DogHero operates as a subsidiary of Petsupermarket Comércio de Produtos Para Animais S.A.
VISOR ADL
Seed Round in 2017
Visor ADL, S.A.P.I. de C.V. is a Mexico City-based company that specializes in developing a loan originator and customer management platform tailored for financial institutions. Founded in 2015, the company provides a range of services including customer management, dynamic risk analytics, proactive loan placement, and dynamic portfolio management. Visor ADL aims to empower enterprises by offering data and insights to facilitate critical financing and trade decisions related to private companies. The company is focused on building a comprehensive Enterprise Health Bureau in e-invoicing countries and operates in both Mexico and Brazil. It is backed by several venture capital firms, highlighting its commitment to innovation in the financial sector.
Abra
Series B in 2017
Abra is a cryptocurrency platform established in 2014, designed to provide a straightforward and secure environment for individuals and businesses to buy, trade, and borrow against cryptocurrencies. Based in the United States and operational in over 150 countries, Abra facilitates easy conversion between cryptocurrencies and various local fiat currencies. The platform serves a diverse clientele, including high-net-worth individuals, family offices, registered investment advisors, and institutions, offering customizable services that allow users to manage their crypto portfolios effectively. With over two million customers and $9 billion processed in transactions, Abra has positioned itself as a trusted solution in the cryptocurrency market, earning recognition as one of the top five crypto wallets. The company is supported by prominent investors, reinforcing its commitment to creating an open and accessible global financial system.
Bind ERP
Series A in 2017
Bind ERP is a cloud-based management and billing system designed for small and medium-sized businesses. It offers a comprehensive suite of tools that enable users to manage various aspects of their operations, including purchasing, sales, production, accounting, finance, and payroll. By providing these integrated solutions, Bind ERP aims to enhance operational efficiency and streamline processes, ultimately supporting business growth and digitization.
Finnovista
Venture Round in 2017
Finnovista is an accelerator and venture capital firm focused on transforming the financial services and insurance sectors by fostering collaboration between large corporations and startups in the fintech and insurtech industries. Established in 2012 and headquartered in Madrid, Spain, with an additional office in Mexico City, Finnovista offers a three-month acceleration program designed to support the growth of startups in Latin America and Spain. The firm is recognized as a key player in the startup ecosystem and is particularly active in investing in fintech innovations. Finnovista also organizes FINNOSUMMIT, a leading conference in the fintech and insurtech space in Latin America, and develops various corporate innovation programs in partnership with major financial institutions. Through these initiatives, Finnovista aims to empower entrepreneurs and promote financial inclusion by connecting them with essential resources and networks in the industry.
PENTA Football
Seed Round in 2017
PENTA Football specializes in the distribution of football highlights, providing fans with access to key moments from matches. The company focuses on leveraging its unique content creation capabilities to enhance the viewing experience in the sports industry. By collaborating with various partners, PENTA Football aims to meet diverse digital transformation needs, ensuring that the content remains engaging and relevant to audiences.
Apli
Seed Round in 2017
Apli is a software company that specializes in streamlining recruitment, onboarding, and learning processes for large employers in Latin America and the United States. The company offers an online end-to-end recruitment platform that utilizes AI technologies, including chatbots and machine learning tools, to enhance the efficiency of hiring. Apli’s solutions are designed to help recruiters easily find suitable candidates for various roles, including administrative assistants, sales personnel, and frontline workers. By focusing on user-friendly applications, Apli aims to improve the overall experience for both candidates and employees, ultimately boosting workforce productivity throughout the employee lifecycle.
Lentesplus
Series B in 2017
Lentesplus is a prominent e-commerce platform specializing in contact lenses, catering to the Latin American market. The company modernizes the purchasing of visual health devices by offering a user-friendly platform that allows customers to order contact lenses at competitive prices, typically 20% to 30% below market standards. Lentesplus emphasizes customer convenience, providing home or office deliveries, often on the same day as the order, and facilitating a seamless reordering process that requires just two clicks. The platform also offers visual exams conducted by specialists to accurately assess customers' needs for various lens sizes and attributes. With operations in Colombia, Mexico, Chile, and Argentina, Lentesplus is committed to enhancing the shopping experience for contact lens users in the region.
Afluenta
Series B in 2017
Afluenta S.A., founded in 2008 and headquartered in Buenos Aires, Argentina, operates a peer-to-peer lending platform that connects borrowers and investors across Latin America. As the first marketplace lending company in the region, Afluenta facilitates loans for consumers and small to medium-sized enterprises, enabling borrowers to access more favorable rates than those offered by traditional financial institutions. Investors benefit from competitive yields on their funds, with net yields exceeding 20% in recent years. The company has expanded its operations to Argentina, Mexico, and Peru, with plans for further growth in Colombia and Brazil. Afluenta's automated platform streamlines the lending process, encompassing credit assessment, risk scoring, loan servicing, and a secondary market for trading loans, thereby enhancing liquidity for investors.
Nuvemshop
Series B in 2017
Nuvemshop provides entrepreneurs and SMBs with the tools to set up, manage, and promote their online businesses easily from any device. With the suite of tools around payments, shipping, inventory management, and marketing provided by the company, owners are enabled to participate in the e-commerce market, ramp up their sales, reduce costs, and provide their end customers with a shopping experience. In 2011, co-founders Alejandro Alfonso, Santiago Sosa, Jose Abuchaem, Martin Palombo, and Alejandro Vazquez established Nuvemshop in 2011.
KarmaPulse
Seed Round in 2017
KarmaPulse is a developer of a social media management tool aimed at brands, companies, agencies, and entrepreneurs in the Spanish-speaking market. The company offers a platform that facilitates the real-time analysis, interpretation, comparison, and exposure of social media interactions. Through its products, KarmaMetrics and KarmaBoards, KarmaPulse enables clients to translate social data into human experiences, allowing them to effectively connect and engage with their audiences. By providing insights into social interactions, the platform helps businesses obtain the necessary social intelligence to enhance their marketing strategies and foster meaningful relationships with their customers.
Sr.Pago
Series A in 2017
Sr.Pago is a mobile point of sale (MPOS) system that enables individuals and small businesses to receive card payments via smartphones and tablets. It enables users to have access to banking-related services via a chip-based debit card, a card reader that connects to any smartphone or tablet, and an app for managing transactions. The MPOS system enables its users to accept credit card payment for the services they render, transfer that money to a reloadable MasterCard debit card, and make purchases with those funds anywhere MasterCard is accepted, and a withdraw cash from any Walmart-affiliated location in Mexico. It is available for iPods, iPads, and iPhones as well as Android platforms. Sr.Pago was launched in 2010 and its operations are based in Mexico City, Distrito Federal.
Rocket.la
Convertible Note in 2017
Rocket is the largest platform for financial advice in Mexico, boasting over 4 million registered users, with 1.6 million providing access to their credit histories. This extensive data has allowed Rocket to establish the largest Credit Marketplace in the region, tailored to the specific needs of Mexican consumers. The platform focuses on enhancing users' credit scores and overall financial health by facilitating access to credit reports, scores, and vital financial information. Through this approach, Rocket empowers users to make informed decisions, achieve their financial goals, and take control of their financial well-being in a responsible and organized manner.
Airtm
Seed Round in 2017
Airtm Inc., established in 2015, operates an online platform enabling users worldwide to send, receive, and store money in U.S. dollars. The company connects users with certified cashiers who facilitate transactions, with Airtm Inc. earning a commission. Airtm Inc. is headquartered in Dover, Delaware, and its services are accessible via a web-based platform.
Pangea Money Transfer
Series B in 2016
Pangea Money Transfer is a mobile-centric platform that enables users in the United States to send money quickly and affordably to 15 countries in Latin America and Asia. Founded in 2012 and headquartered in Chicago, Illinois, the service allows transactions to be completed in less than 30 seconds for a low flat fee. Recipients can choose to collect cash at numerous retail locations or have funds directly deposited into a bank account or onto a debit card. The application also includes features such as automatic transfers and international bill payments, enhancing the convenience and security of money transfers for users.
Sr.Pago
Seed Round in 2016
Sr.Pago is a mobile point of sale (MPOS) system that enables individuals and small businesses to receive card payments via smartphones and tablets. It enables users to have access to banking-related services via a chip-based debit card, a card reader that connects to any smartphone or tablet, and an app for managing transactions. The MPOS system enables its users to accept credit card payment for the services they render, transfer that money to a reloadable MasterCard debit card, and make purchases with those funds anywhere MasterCard is accepted, and a withdraw cash from any Walmart-affiliated location in Mexico. It is available for iPods, iPads, and iPhones as well as Android platforms. Sr.Pago was launched in 2010 and its operations are based in Mexico City, Distrito Federal.
PENTA Football
Seed Round in 2016
PENTA Football specializes in the distribution of football highlights, providing fans with access to key moments from matches. The company focuses on leveraging its unique content creation capabilities to enhance the viewing experience in the sports industry. By collaborating with various partners, PENTA Football aims to meet diverse digital transformation needs, ensuring that the content remains engaging and relevant to audiences.
Procesa Chiapas
Venture Round in 2016
Procesa Chiapas has developed products with high nutritional value for different markets, including low-income children who are served through government food assistance programs.
Procesa Chiapas
Series C in 2013
Procesa Chiapas has developed products with high nutritional value for different markets, including low-income children who are served through government food assistance programs.
Provive
Venture Round in 2011
Provive is a company focused on acquiring, refurbishing, and selling foreclosed homes, particularly in low-income housing developments. By renovating abandoned properties, Provive aims to improve community living conditions and foster active neighborhood participation in the revitalization process. The company specializes in the purchase and rehabilitation of adjudicated houses, ultimately selling these homes to economically disadvantaged individuals. Through its efforts, Provive contributes to the reinvigoration of communities, providing affordable housing options while encouraging local engagement and investment in neighborhood improvement.
Ver De Verdad
Series B in 2011
Ver de Verdad is focused on creating a network of small eye-care shops aimed at providing affordable, high-quality eyewear to low-income populations. The company offers a range of optical products, including eyeglasses, contact lenses, and associated vision care services such as free eye testing. By emphasizing low prices and efficient service, with a commitment to delivering products within 45 minutes, Ver de Verdad seeks to establish a strong market presence. The convenient locations of its shops and a carefully curated product mix further enhance its appeal, enabling individuals to easily access essential optical care and address their vision needs.
Lumbrera
Series B in 2011
Lumbrera is a business that specializes in providing innovation and strategic design consultancy services tailored to meet specific business needs. The company focuses on digital transformation, offering expertise in the design, development, and implementation of products and ideas. By doing so, Lumbrera enables organizations to enhance their operational capabilities and drive growth. Through its comprehensive approach, the company aims to deliver customized solutions that align with the evolving demands of the market, ultimately helping clients achieve their business objectives.
Agua Natural
Venture Round in 2011
Agua Natural is a home purified water distribution network.
Barared
Venture Round in 2010
Barared offers various telecommunications services, such as local, long-distance, and cellular calls; cellular airtime recharges; sending messages; and paying for services like water, electricity, gas, and more.
Lumbrera
Series A in 2010
Lumbrera is a business that specializes in providing innovation and strategic design consultancy services tailored to meet specific business needs. The company focuses on digital transformation, offering expertise in the design, development, and implementation of products and ideas. By doing so, Lumbrera enables organizations to enhance their operational capabilities and drive growth. Through its comprehensive approach, the company aims to deliver customized solutions that align with the evolving demands of the market, ultimately helping clients achieve their business objectives.
MeXvi
Venture Round in 2010
MeXvi is a prominent provider of comprehensive solutions for assisted self-construction of affordable homes, primarily targeting rural and semi-urban areas in Mexico. Since its establishment in 2006, the company has facilitated the construction of approximately 4,900 homes across 15 states, positively impacting around 25,000 individuals through community reconstruction efforts. MeXvi's approach combines practical initiatives with housing policies to address the needs of various population segments aspiring to attain quality housing at reasonable prices. By offering a range of products and services, MeXvi aims to empower communities and promote sustainable neighborhood development.
IGNIA Shared Services
Venture Round in 2008
IGNIA Shared Services (ISS), a wholly-owned subsidiary of the IGNIA Fund, provides for the administrative, transactional processing and back-office needs of small and medium enterprises (SMEs)—including most of the IGNIA’s portfolio companies—that allow entrepreneurs and business owners to focus on what they know best: their core business. ISS’ core competency is the establishment and implementation of effective and efficient administrative platforms capable of sustaining dramatic growth. Scalability for nascent enterprises is critical, and depends highly on transactional effectiveness and the ability to deliver high volumes of goods and services at optimal per-unit prices. Without an appropriate administrative platform, the potential of even the most innovative business concepts will remain unfulfilled.
Primedic
Series A in 2008
Primedic is a company that operates in the healthcare sector, focusing on the provision of medical equipment and services. It manufactures and distributes automatic defibrillators and related products such as ECG monitors, energy modules, cables, and paddles. These products are designed to support hospitals, emergency services, and healthcare professionals in treating patients effectively. Additionally, Primedic is dedicated to delivering healthcare services to underserved populations in Mexico, aiming to improve access to essential medical care in these communities. Through its diverse offerings, Primedic plays a significant role in enhancing emergency medical response and healthcare accessibility.
IGNIA
Venture Round in 2008
IGNIA Partners, LLC, established in 2007, is a venture capital firm headquartered in Mexico City, with an additional office in Monterrey. The firm specializes in early to late-stage investments, focusing on companies that provide innovative technology solutions addressing fundamental needs in Latin America, particularly those serving low-income populations. IGNIA invests in sectors such as healthtech, fintech, SaaS, edtech, e-commerce, and AI-enabled platforms, seeking to acquire significant equity stakes, often up to 100%, and aiming for a seat on the board of its portfolio companies. The firm typically invests between $2 million and $11 million in equity, targeting companies based in Mexico and Latin America, and considers co-investments with other organizations. IGNIA's investments are guided by a mission to deliver positive impact on people's lives through goods and services in areas like healthcare, housing, education, financial services, and basic utilities.
Aviva
Aviva operates an AI-powered digital bank aimed at providing financial services to underbanked communities in Latin America, particularly targeting unsecured credit products for individuals and nano-businesses in Mexico. The company focuses on reaching the over 40 million underbanked Mexicans, many of whom reside in small and medium-sized towns, through physical onboarding kiosks. These nano-branches facilitate a documentless onboarding process via a three-minute video that leverages AI technology, including natural language processing, to streamline credit applications. By transforming speech to text and assessing customers' emotions and personality through video, Aviva enhances its ability to score thin-file customers effectively. This innovative approach allows Aviva to offer competitive interest rates and meet the financial needs of underserved populations.
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