Capital raising services in Mexico
Mexico's VC market has matured rapidly since 2018, with a first generation of unicorn exits - led by Kavak, Bitso, and Clara - creating the LP base and operator-angel network that now fuels mid- and growth-stage rounds.
Fintech, B2B payments, and automotive commerce dominate deal flow, with NowPorts and Albo signalling continued strength in logistics infrastructure and digital banking.
We work with Mexican founders raising growth capital at mid- to late-stage, connecting them to our extensive VC investor network across Mexico, Brazil, and the US, and managing the full process - pitch deck, financial model, investor outreach, and closing mechanics - to secure capital on the best available terms.
UK
Ireland
France
Germany
Spain
Portugal
Italy
Netherlands
Belgium
Switzerland
Austria
Denmark
Sweden
Norway
Finland
Iceland
Poland
Czech Republic
Slovakia
Hungary
Romania
Greece
Croatia
Estonia
Latvia
Lithuania
Malta
US
CanadaMexico
Brazil
Argentina
Chile
Colombia
Peru
Uruguay
Panama
Ecuador
Dominican Republic
Israel
UAE
Saudi Arabia
Qatar
Kuwait
Bahrain
South Africa
Nigeria
Kenya
Egypt
Morocco
Rwanda
India
Kazakhstan
Turkey
Australia
New Zealand36
VC rounds raised in the last 12 months in Mexico
$800M
Median VC valuation (across all stages) in Mexico
10.0x
Median VC revenue multiple (across all stages) in Mexico
$405M
Largest VC round raised in Mexico in the last 12 months
Raising venture capital in Mexico
Mexico's VC market is the second-largest in Latin America, with Mexico City as the centre. Most material rounds at Series A and later involve an offshore holding structure (Delaware) for international investor familiarity. Cross-border participation from Brazilian, US and European investors is common.
Documentation conventions
Most venture-backed Mexican rounds use offshore-parent (Delaware) NVCA-aligned documentation, with Mexican-law side documents for the operating subsidiary. Pure-Mexican rounds adapt to Sociedad Anónima Promotora de Inversión (S.A.P.I.) mechanics.
SAFEs and Mexican convertibles
Y Combinator SAFEs are widely used in Mexican seed and Series A rounds with a Delaware parent. Mexican-law convertible instruments are used in pure-Mexican structures, typically as Notas Convertibles.
Holding structure choice
The choice between pure-Mexican and offshore-parent (Delaware) structures is one of the most consequential early decisions. Offshore parent provides US investor familiarity, cleaner ESOPs and exit mechanics; pure-Mexican structures preserve domestic tax incentives and simpler local compliance.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is increasingly standard. Mexican S.A.P.I. de C.V. structure supports venture-stage rounds well with flexible share class structuring.
Foreign investment review
Mexico's general FDI regime is relatively open; specific sectors (financial services, broadcasting, ports, certain energy) have foreign ownership caps and pre-investment approval requirements. Most pure-tech rounds operate without sector-specific approval.
Closing mechanics
Closings vary by structure - offshore-parent closings follow international conventions. Mexican-domestic closings involve notarial procedures and Registro Público de Comercio filings. Mexican stamp duty does not apply to share issues; state-level taxes may apply in specific cases.
Largest private tech companies in Mexico
Kavak valued at $8.7B is the largest still privately-owned company in Mexico.
See all large tech companies in Mexico| Logo | HQ | Description | ||||
|---|---|---|---|---|---|---|
Kavak | | Kavak is a Mexico City-headquartered online marketplace for buying and selling inspected used cars across Latin America. It operates inspection centers, provides financing options, and guarantees vehicle history in Mexico, Brazil, Argentina, and Colombia. Founded in 2016 by Carlos García Elía, Federico Schuster, and Diego Moreno, Kavak expanded to Turkey in 2022. The platform features over 20 inspection points and digital trade-ins, serving urban markets with seamless transactions. | Feb-26 | $300M Series F | $8.7B | |
Plata | | Plata is a Mexico City-based fintech providing a no-annual-fee Mastercard credit card and buy-now-pay-later service. The platform offers up to 15% customizable cashback in partner categories, interest-free installments, Apple Pay support, and 24/7 fraud monitoring. Plata Difiere extends installment credit up to MXN 200,000 over 3-24 months without cards. Users manage digital cards and top-ups via app or cash at OXXO stores, targeting underserved consumers in Mexico's digital payments market. | Apr-26 | $405M Series C | $5.0B | |
Bitso | | Mexico City-headquartered Bitso serves as Latin America's leading cryptocurrency exchange. The platform supports trading of Bitcoin, Ethereum, and over 50 altcoins, with fiat on-ramps in local currencies across Mexico, Brazil, Argentina, Colombia, and El Salvador. Bitso enables mobile payments, remittances, and institutional custody services through its API integrations. Founded in 2014, the exchange processes millions in daily volume and partners with Mercado Pago for broader fintech accessibility in the region. | May-21 | $250M Series C | $2.2B | |
Clip | | Clip is a Mexico City-headquartered digital payments and commerce platform that provides card readers, point-of-sale systems, and integrated financial services to small and medium-sized businesses across Mexico. Founded in 2012 by Adolfo Babatz, the company became Mexico's first payments unicorn in 2021 following a $250 million investment led by SoftBank Latin America Fund and Viking Global Investors, and counts General Atlantic, Ribbit Capital, Goldman Sachs, Banorte, and Amex Ventures among its backers. Its product range spans portable mPOS terminals (including Clip Mini, Clip Pro, and Clip Ultra), card-not-present payment acceptance, inventory and e-commerce software, and merchant financial services delivered under an Institution of Electronic Payment Funds (IFPE) license. Clip employs more than 900 people across offices in Mexico City, Guadalajara, Salt Lake City, Miami, and Buenos Aires. | Jun-24 | $100M | $2.0B | |
Konfio | | Konfio is a Mexico City-headquartered fintech platform delivering credit cards, working capital loans, and payment processing to small and medium enterprises throughout Mexico. Launched in 2013, it streamlines financing for over 100,000 businesses using alternative data for credit assessments. Partnerships with banks like BBVA expand its loan distribution, focusing on sectors such as retail and services in cities including Guadalajara and Monterrey. | Sep-21 | $110M Series E | $1.3B | |
Kapital | | Kapital is a Mexico City-headquartered digital bank serving individual clients with core financial products. It maintains online accounts for deposits and payments, investment options in funds and stocks, and credit lines including personal loans. Users handle international transfers and utility bills through its mobile app available in Mexico and select Latin American markets. | Sep-25 | $100M Series C | $1.3B | |
Stori | | Stori is a Mexico City-headquartered digital financial services provider. Stori Card delivers credit cards via mobile app to unbanked adults, using alternative data for credit scoring and offering cashback rewards. The platform includes savings accounts and remittances integrated with SPEI. Available nationwide, it partners with Visa for card issuance. Founded in 2018, Stori expanded to buy-now-pay-later options and serves middle-income segments in Latin America. | Aug-24 | $105M | $1.2B | |
Merama | | Merama acquires and scales e-commerce brands across Latin America, providing operational support and capital from Mexico City headquarters. Founded in 2020, the platform consolidates direct-to-consumer sellers in categories like beauty, home goods, and pet supplies, operating in Mexico, Brazil, and Colombia. Merama optimizes logistics with warehouses in São Paulo and Mexico City, driving growth for acquired brands through shared marketing and supply chain expertise. | Apr-25 | $45M | $1.2B | |
Nowports | | Nowports is a digital freight forwarder platform using AI to manage real-time imports and exports from any port. Users request quotes, register products and providers, and book shipments securely through the Mexico City-headquartered service at nowports.com, serving Latin American trade routes. | May-22 | $150M Series C | $1.1B |
Startups who recently raised money in Mexico
Largest VC round raised recently in Mexico was a $405M Series C of Plata in April 2026.
See all VC rounds in Mexico| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Apr-26 | Plata | | Plata is a Mexico City-based fintech providing a no-annual-fee Mastercard credit card and buy-now-pay-later service. The platform offers up to 15% customizable cashback in partner categories, interest-free installments, Apple Pay support, and 24/7 fraud monitoring. Plata Difiere extends installment credit up to MXN 200,000 over 3-24 months without cards. Users manage digital cards and top-ups via app or cash at OXXO stores, targeting underserved consumers in Mexico's digital payments market. | Audeo VenturesBicycle Capital+6 | $405M | $5.0B | Series C | |
Feb-26 | Kavak | | Kavak is a Mexico City-headquartered online marketplace for buying and selling inspected used cars across Latin America. It operates inspection centers, provides financing options, and guarantees vehicle history in Mexico, Brazil, Argentina, and Colombia. Founded in 2016 by Carlos García Elía, Federico Schuster, and Diego Moreno, Kavak expanded to Turkey in 2022. The platform features over 20 inspection points and digital trade-ins, serving urban markets with seamless transactions. | Allen & CompanyAndreessen Horowitz+5 | $300M | $8.7B | Series F | |
Mar-26 | DolarApp | | DolarApp is a Mexico-based fintech app providing USD stablecoin accounts for sending, receiving, and spending in pesos or dollars. Users open accounts to convert MXN to USD Coin instantly, save in USDc, and use a Mastercard debit card with cashback rewards. The platform operates across Latin America, partnering with global payment networks. | Founders FundJim Goetz | $70M | - | Undisclosed stage | |
Jan-26 | Galactic Holdings | | Galactic Holdings is a Latin America-focused fintech company providing cryptocurrency exchange services through TruBit and TruBit Pro platforms. Headquartered in Mexico, it offers fiat on-ramps in 14 currencies, spot trading for over 100 assets, and the Moneta MMXN stablecoin pegged 1:1 to the Mexican peso. Galactic Holdings serves retail and institutional traders with API integrations. | Alibaba GroupBAI capital+3 | $20M | - | Series B | |
Dec-25 | Leona | | Leona is a communication platform streamlining doctor-patient interactions in pediatrics. It features case management, automated triage, and templated responses for common issues like fevers and rashes. | AccelAndreessen Horowitz+4 | $14M | - | Seed | |
Apr-26 | Grupalia | | Grupalia is a neobank serving microbusinesses in Mexico. | Addem CapitalInnogen Capital+2 | $7.7M | - | Seed | |
Jan-26 | Alpha Ili | | Alpha Ili is a Mexico City-based technology company developing and deploying innovative projects in software, digital solutions, and tech infrastructure. | FasterCapitalHesham Zreik | $3.0M | - | Pre-seed | |
Dec-25 | Ximple | | Ximple is a Mexico City-headquartered fintech company that provides embedded underwriting software and working capital loans to direct sales agents throughout Latin America. The platform integrates with partners including Natura Cosméticos and Avon to extend credit to underserved sellers in Mexico, Colombia, and Peru. By analyzing sales data from distributors, Ximple disburses microloans directly to agents' mobile wallets, facilitating business growth for over 200,000 users across the region. | Alaya CapitalBoost Capital Partners+2 | $2.5M | - | Seed | |
Feb-26 | Daypass.com | | Daypass.com is a global travel-tech platform enabling daytime bookings for hotel pools, resorts, beach clubs, and curated experiences without overnight stays. | - | $2.0M | - | Seed | |
Mar-26 | Ilumetria | | Ilumetria is a B2B SaaS platform using Edge AI and computer vision for physical event analytics. The system captures behavioral metadata, emotional analysis, and positioning data to generate dashboards for lead qualification and event value metrics. | - | - | $2.5M | Pre-seed | |
Mar-26 | meddi | | Meddi is a Mexico City-based corporate wellness platform rewarding employees and families for healthy behaviors through financial incentives, preventive screenings, and virtual consultations. It integrates with HR systems for over 100 companies across Latin America. | Grupo Nacional Provincial | - | - | Strategic investment | |
Jan-26 | Saptiva AI | | Saptiva AI is a Mexico City-based provider of sovereign AI infrastructure for Latin America. The FrIdA platform orchestrates secure GPU clusters across cloud, hybrid, and air-gapped setups for enterprises, governments, and developers. Supporting national defense and financial systems, Saptiva enables vendor-agnostic deployments fostering regional AI innovation. | AngelHub VCMacropay | - | - | Pre-seed | |
Dec-25 | M | MStar | | MStar is a Mexico-based AI platform for auto loans, automating approvals and risk assessments for lenders. | Grupo Fórmula | - | - | Series A |
Dec-25 | A | Agavita | | Agavita is a developer of an AI-driven operational system for aquaculture, enabling the cultivation of high-value fish species using minimal human intervention. The platform optimizes feeding, monitoring, and environmental controls to boost efficiency in fish farming operations worldwide. | TheVentures | - | - | Seed |
Top VCs and strategic investors in Mexico
Clocktower Technology Ventures, Hedosophia, Wollef Ventures and Y Combinator funded the most startups in Mexico in the last 12 months.
See all VCs in Mexico| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Clocktower Technology Ventures | | - | XimpleMomentoDigitt+2 | 10 | Seed | |
Wollef Ventures | | Wollef Ventures is a Mexico City-headquartered venture capital firm investing in seed and Series A startups across Latin America. Managing over $100 million in assets, it backs fintech, edtech, and healthtech companies in markets including Mexico, Colombia, and Brazil. Portfolio highlights include Clip for payments and Kueski for buy-now-pay-later services. Founded in 2015 by former Credit Suisse bankers, the fund emphasizes operators with regional expansion potential and has achieved multiple exits via acquisitions. | GiniaKunzappaviva+2 | 9 | Seed | |
Y Combinator | | Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks. | KapitalMomentoBelvo+2 | 8 | Series A | |
Tantauco Ventures | | Tantauco Ventures is an early-stage venture capital fund focused on Latin American startups in fintech, SaaS, and marketplaces. The Santiago-based firm seeks teams with global ambitions, investing through tantauco.vc. | GrupaliaKunzappBUO | 5 | Seed | |
Ignia | | Ignia is a Melbourne-headquartered consultancy firm specializing in digital transformation services for sectors including resources, utilities, healthcare, education, and government. It delivers comprehensive solutions encompassing strategy consulting, custom software development, cloud migration, and data analytics to boost organizational agility and performance. Ignia serves clients across Australia with end-to-end implementations that integrate emerging technologies like AI and automation. | DigittMonatoaviva+1 | 5 | Seed | |
Hustle Fund | | Hustle Fund is a San Francisco-headquartered pre-seed venture capital firm backing software, B2B, fintech, and digital health startups. It deploys small checks into founders at idea stage through scout programs in the United States, Southeast Asia, and Latin America. Portfolio spans companies like Machinet, Superlayer, and Cal AI. Founded in 2019 by Elizabeth Yin and Eric Bahn, the fund operates remotely with partners in multiple hubs. | KunzappFinnectoWeBookYou+2 | 4 | Pre-seed | |
Hedosophia | | Hedosophia is a London-headquartered investment firm founded in 2018. The company backs technology companies through SPAC mergers including IPO Access Partners, which took Applied Digital public in 2022. Hedosophia focuses on AI, mobility, and digital economy sectors with offices in Europe and the US. | PlataMomentoSolidroad+1 | 3 | Series A | |
Andreessen Horowitz | | Andreessen Horowitz is a Menlo Park-headquartered venture capital firm founded in 2009 that targets seed through late-stage investments in software infrastructure, consumer internet, enterprise applications, fintech, cryptocurrency, and biohealthcare. The firm has backed Airbnb, Coinbase, GitHub, Lyft, and Stripe, maintaining offices in San Francisco and Santa Clara. | KavakLeonaPulpos+2 | 3 | Seed | |
Audeo Ventures | | Audeo Ventures is a venture capital firm targeting seed and Series A investments in US software startups, with secondary focus on Mexico. Founded in 2021 and based in Austin, it backs founders in fintech, healthtech, and AI, providing $1-3 million checks alongside operational expertise from exits at Scale Venture Partners. | PlataCorgi InsuranceHonor Education+1 | 2 | Series B | |
Grupo Fórmula | | - | MStarKlar | 2 | Series A |
What if not VC? Non-equity funding in Mexico
Mexico's non-dilutive funding stack is moderate by Latin American standards - the R&D incentive, NAFIN and Bancomext financing, and various ministerial programmes provide multiple paths to extend runway without taking equity dilution.
Mexican R&D credit
30% income tax credit on qualifying R&D expenditure under the EFIDT regime. Less generous than Brazil's Lei do Bem but still material for R&D-heavy Mexican tech companies.
Sector-specific government programmes
Various ministerial programmes provide grants and acceleration. Worth checking current calendar - programmes have evolved with administration changes in recent years.
Mexico City angel ecosystem
Kavak, Bitso, Clip, Clara, Konfio and other Mexican tech alumni anchor the largest angel scene in Spanish-speaking Latin America. Tickets typically USD 25k-250k per investor; structured rounds often syndicated across 5-15 angels.
Cross-border venture debt
Mexican venture debt has scaled with the broader VC market. Sympatico Capital, Mexico Ventures, Partners for Growth and others provide ARR-backed lending. Typically deployed alongside priced equity rounds.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across Mexico and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Mexico.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
Got questions?
Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
More services
We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in Mexico
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in Mexico
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
Learn moreTalk to us
Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
- Fractional CFO for Software
- Fractional CFO for AI & ML
- Fractional CFO for Fintech
- Fractional CFO for Consumer internet
- Fractional CFO for Digital media
- Fractional CFO for E-commerce & marketplaces
- Fractional CFO for Consumer products
- Fractional CFO for Mobility
- Fractional CFO for Digital health
- Fractional CFO for Industrial technology
- Fractional CFO for Digital infrastructure
- Fractional CFO for IT services
Stages
Countries
- UK Fractional CFO
- Ireland Fractional CFO
- France Fractional CFO
- Germany Fractional CFO
- Spain Fractional CFO
- Portugal Fractional CFO
- Italy Fractional CFO
- Netherlands Fractional CFO
- Belgium Fractional CFO
- Switzerland Fractional CFO
- Austria Fractional CFO
- Denmark Fractional CFO
- Sweden Fractional CFO
- Norway Fractional CFO
- Finland Fractional CFO
- Poland Fractional CFO
- Estonia Fractional CFO
- US Fractional CFO
- Canada Fractional CFO
- Mexico Fractional CFO
- Brazil Fractional CFO
- UAE Fractional CFO
- Australia Fractional CFO
Cities
- London Fractional CFO
- Dublin Fractional CFO
- Paris Fractional CFO
- Berlin Fractional CFO
- Madrid Fractional CFO
- Lisbon Fractional CFO
- Milan Fractional CFO
- Amsterdam Fractional CFO
- Brussels Fractional CFO
- Zurich Fractional CFO
- Vienna Fractional CFO
- Copenhagen Fractional CFO
- Stockholm Fractional CFO
- Oslo Fractional CFO
- Helsinki Fractional CFO
- Warsaw Fractional CFO
- Tallinn Fractional CFO
- New York Fractional CFO
- Toronto Fractional CFO
- Mexico City Fractional CFO
- São Paulo Fractional CFO
- Dubai Fractional CFO
- Sydney Fractional CFO