MEXICO Law and Practice Contributed by: Eduardo Triulzi, Eric Silberstein and Ana Jáuregui, Ritch Mueller
Ritch Mueller Avenida Pedregal 24 10th floor Molino del Rey 11040 Mexico City Mexico Tel: +52 55 9178 7000 Email: contacto@ritch.com.mx Web: www.ritch.com.mx
1. Trends 1.1 VC Market
• Dalus Capital and Foundation Capital led a USD10 million seed round for Clivi, a Mexican diabetes healthcare delivery platform, with participation from FEMSA Ventures, Cathay Innovation, Quiet Capital, 500 Global, Next Billion Ventures and Conexo; • IDB Invest provided a USD15 million struc - tured loan to Habi, a Colombian residential real estate platform, to launch operations in Mexico; • Community Investment Management pro - vided a USD50 million credit line to Stori, a Mexico-based credit card issuer for the underbanked; • Niya Partners and Tribe Capital led a USD20 million Series A for Kapital, a Mexican finance management platform for SMEs, with partici - pation from Broom Ventures, FoundersX, True Capital Management, Pioneer Fund, Kube VC, MyAsia VC and angel Arash Ferdowshi (Dropbox); • Mexico-based embedded lending infrastruc - ture company R2 closed a USD100 million warehouse facility from Community Invest - ment Management; • L Catterton made an undisclosed follow-on investment in Ben & Frank, a Mexico-based D2C eyewear brand; and
The most sizeable/landmark venture capital- related transactions during the past 12 months include the following: • QED Investors led a USD25 million Series A+ for Zubale, a Mexican fulfilment services mar - ketplace connecting independent contractors with retailers; • Third Prime led a USD6.5 million round for Finerio Connect, a Mexican fintech offer - ing businesses an Application Programming Interface (API) for enterprise account man - agement, with participation from Alaya Capi - tal, Visa and Bancolombia Ventures; • NAZCA and IDB Invest led a USD15.5 million Series A for Wonder Brands, a Mexico- and Argentina-based e-commerce aggregator looking to acquire independent brands selling on platforms such as Amazon and Mercado Libre, with participation from CoVenture, Sil - verCircle, Korify Capital, Infinitas Capital and GBM Mexico; • Mexico-based personal finance management and lending platform Klar secured a USD100 million credit line from Victory Park Capital;
364 CHAMBERS.COM
Powered by FlippingBook