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If you’ve been following the impressive rise of entrepreneurship in Mexico, you’ve likely heard of mobile media juggernaut Naranya, car-sharing service Carrot (who recently picked-up an additional $2m in funding) and IT services leader Intellego (just last week named a World Economic Forum Global Growth Company in Latin America), but what you may not know is that all of these are Endeavor portfolio companies. These entrepreneurs represent a new wave of entrepreneurs that are successfully navigating Mexico’s capital markets to scale global companies and inspire the next generation of entrepreneurs to do the same.
Naranya, Carrot and Intellego represent only three of the 80+ companies in the Endeavor Mexico portfolio today. Within this impressive group, nearly 25% have plans to bring on an equity partner this year – including exciting, earlier-stage companies like Yaxi, Parkimovil, and Petsy.
In addition to backing some of the fastest growing companies in the country, Endeavor Mexico also officially launched the Mexico chapter of the Endeavor Investor Network in October 2013. In just a matter of months, the Endeavor Investor Network chapter in Mexico has grown to be one of the largest and strongest Endeavor Investor Network offerings at any of Endeavor’s world-wide affiliates. At the helm of this impressive network is Vincent Speranza, COO of Endeavor Mexico, who has grown the network to 10+ member firms, who collectively represent the strongest equity capital partners in Mexico. Participating member funds include:
Angel Ventures Fund
Founders into Funders
Promotora Social Mexico (PSM)
Notably, four of the eleven new members are investment funds led by Endeavor Entrepreneurs themselves: Heberto Taracena Ble (InventMx); Juan Manuel Alvarado (Founders into Funders); Alejandro Villalón and Jorge Gonzalez (ON Ventures) and Arturo Galvan (Naranya Ventures). As the profile of successful Mexican entrepreneurs – and investments – becomes increasingly common in discourse globally, Endeavor has noticed a rise in international interest both from the investment community and Silicon Valley’s leading tech companies. We saw this in action during the Endeavor Investor Network event in Mexico last October 2013 (read more here), where global investors like Amadeus Capital, AMEX Ventures and Bessemer Venture Partners descended upon Mexico City together with corporate leaders from companies such as Facebook, EA and Stripe.
The Endeavor Investor Network will next convene a global gathering in Mexico City or Monterrey in November 2014 (exact date TBD), but should your travel plans take you to Mexico in the coming months, please don’t hesitate to be in touch!
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