MEXICAN TOP 20 STARTUPS

MEXICO is the second biggest country in LATAM by GDP and population, however due to its proximity to the U.S.A their economy has been based on hard industry and agriculture. However, tech companies have also find a great hub for outsourced services which have created enough knowledge to strengthen and create impactful StartUps.

#1 – LINIO

Linio is an e-commerce company that offers a wide variety of products online in many categories. It brings online consumer retail services to some of the fastest growing Latin American markets.

EXITS: Acquired by Chilean Falabella in 2018
FOUNDED DATE: 1/01/2012
INTERNATIONAL PRESENCE: Argentina, Colombia, Chile, Peru, Mexico.
FUNDING AMOUNT: USD 230.500.000,00
NUMBER OF FUNDING ROUNDS: 6
FOUNDERS:Antonio Nunes, Armando Baquero Ponte, Bernardo Cordero, Fernando D’Alessio, Pedro Freire, Ulrick Noel, Wilson Cimino
INFO AT: CRUNCHBASE   –    CONTXTO     –       LAVCA

#2 – SIN DELANTAL

SinDelantal.Mx is a Mexico-based website for ordering food online and offers promotions and discounts from a wide selection of restaurants.

EXITS: Acquired by English JustEat in 2015
FOUNDED DATE: 1/01/2010
FUNDING AMOUNT: USD 8.352.949,00
NUMBER OF FUNDING ROUNDS: 4
FOUNDERS: Evaristo Babé y Diego Ballesteros
INFO AT: CRUNCHBASE     –      CONTXTO   –      LAVCA

#3 – KINEDU

Kinedu leverages technology to distribute content and tools for parents wishing to improve their children’s development

FOUNDED AT: 1/02/2013
FUNDING AMOUNT: USD 9.850.000,00
NUMBER OF FUNDING ROUNDS: 5
FOUNDERS: Luis Garza
INFO AT: CRUNCHBASE     –     CONTXTO      –      LAVCA

#4 – INSTAFIT

InstaFit is an online fitness & nutrition startup focused in Latin America.

FOUNDED AT: 23/07/2013
FUNDING AMOUNT: USD 1.345.000,00 (disclosed)
INTERNATIONAL PRESENCE: Paying users in 37 countries and ranked #1 in 15 countries.
NUMBER OF FUNDING ROUNDS: 11
FOUNDERS: Georg Stockinger, Natalia Amaya Salazar, Oswaldo Trava
INFO AT: CRUNCHBASE   –    CONTXTO     –    LAVCA

#5 – CORNERSHOP

Cornershop is an on-demand grocery delivery service for the Latin American market.

EXITS: Acquired by Uber in 2019
FOUNDED AT: 10/03/2015
FUNDING AMOUNT: USD 31.650.000,00
INTERNATIONAL PRESENCE: Chile, Mexico, Colombia, Peru, Brasil, Canadam Costa Rica.
NUMBER OF FUNDING ROUNDS: 4
FOUNDERS: Daniel Undurraga, Juan Pablo Cuevas, Oskar Hjertonsson
INFO AT: CRUNCHBASE    –    CONTXTO      –    LAVCA

#6 – GRIN

Grin Scooters is a micromobility company in Latin America that merged with Yellow to create Grow Mobility

FOUNDED DATE: 30/04/2018
FUNDING AMOUNT: USD 72.652.616,00
NUMBER OF FUNDING ROUNDS: 5
FOUNDERS: Bryan Zambrano, Sergio Romo, Jonathan Lewy, Guilherme Freire
INFO AT: CRUNCHBASE   –   CONTXTO     –      LAVCA
+ GROW

Grow is a micromobility and payments platform based in Latam.

EXITS: Acquired by Mountain Nazca on 2020
FOUNDED DATE: 30/01/2019
FUNDING AMOUNT: USD 150.000.000,00
NUMBER OF FUNDING ROUNDS:
INFO AT: CRUNCHBASE     –    CONTXTO     –     LAVCA

#7 – CLIP

Clip is the terminal that allows businesses to easily accept all electronic payments methods.

FOUNDED DATE: 28/09/2012
FUNDING AMOUNT: USD 101.300.000,00
NUMBER OF FUNDING ROUNDS: 9
FOUNDERS: Adolfo Babatz
INFO AT: CRUNCHBASE      –     CONTXTO     –     LAVCA

#8 – ALBO

Albo is the leading Mexican challenger bank.

FOUNDED DATE: 1/01/2016
FUNDING AMOUNT: USD 27.125.000
NUMBER OF FUNDING ROUNDS: 4
FOUNDERS: Angel Sahagun
INFO AT: CRUNCHBASE      –     CONTXTO     –     LAVCA

#9 – BITSO

Bitso is Mexico’s first Bitcoin exchange, offering a platform for trading of Bitcoin with Mexican Peso.

FOUNDED DATE: 4/01/2014
FUNDING AMOUNT: USD 4.350.000,00
NUMBER OF FUNDING ROUNDS: 6
FOUNDERS: Ben Peters, Daniel Vogel, Pablo González
INFO AT: CRUNCHBASE      –      CONTXTO     –       LAVCA

#10 – UNDOSTRES

UnDosTres is revolutionizing the consumer payments landscape in Mexico. 

FOUNDED DATE: 1/01/2015
FUNDING AMOUNT: USD 11.340.000,00
NUMBER OF FUNDING ROUNDS: 5
FOUNDERS: Arpit Gupta, Naveen Sharma, Vikram Deswal
INFO AT: CRUNCHBASE     –     CONTXTO    –   LAVCA

#11 – GOTRENDIER

Gotrendier.com.co is a platform to sell the clothes that you no longer use and to buy in the closet of other girls.

FOUNDED DATE: 01/01/2016
INTERNATIONAL PRESENCE: Colombia and Mexico
FUNDING AMOUNT: USD 11.500.000,00
NUMBER OF FUNDING ROUNDS: 5
FOUNDERS: David Garzón
INFO AT: CRUNCHBASE      –    CONTXTO   –    LAVCA

#12 – AIRTM

Airtm is an e-wallet connected to over 300 bank and e-money systems via a peer-to-peer network and direct bank connections.

FOUNDED DATE: 6/06/2015
FUNDING AMOUNT: USD 9.700.000,00
NUMBER OF FUNDING ROUNDS: 5
FOUNDERS: Antonio Garcia, Jorge Ruiz, Joshua Kliot, Ruben Galindo, Tim Parsa
INFO AT: CRUNCHBASE       –     CONTXTO     –        LAVCA

#13 – FONDEADORA

Fondeadora is a digital banking services company that aims to eliminate the inefficiencies related to the traditional banking system.

FOUNDED DATE: 2/08/2018
FUNDING AMOUNT: USD 18.150.000,00
NUMBER OF FUNDING ROUNDS: 4
FOUNDERS: Gus Alvarez Moreno, Norman Muller, Rene Serrano
INFO AT: CRUNCHBASE      –      CONTXTO     –      LAVCA

#14 – CUENCA

Cuenca is a developer of an online banking application designed to provide financial services digitally.

FOUNDED DATE: 1/01/2018
FUNDING AMOUNT: USD 9.600.000,00
NUMBER OF FUNDING ROUNDS: 2
FOUNDERS: Matin Tamizi
INFO AT: CRUNCHBASE    –    CONTXTO     –      LAVCA

#15 – KLAR

Klar is a fintech company providing a mobile app and a debit card that has the benefits of a credit card.

FOUNDED DATE: 1/01/2018
FUNDING AMOUNT: USD 57.500.000,00
NUMBER OF FUNDING ROUNDS: 3
FOUNDERS: Daniel Autrique, Gianluigi Davassi, Jeronimo Riefkohl, Stefan Moller
INFO AT: CRUNCHBASE      –    CONTXTO     –      LAVCA

#16 – PRONTO

Pronto is a fast-growing marketplace that provides ride-sharing and delivery services for second-tier cities in LATAM.

FOUNDED DATE: 10/11/2017
FUNDING AMOUNT:USD 2.150.000,00
NUMBER OF FUNDING ROUNDS: 2
FOUNDERS: Gabriel Cano, Miguel Martinez Cano, Nydia Cano
INFO AT: CRUNCHBASE      –     CONTXTO

#17 – URBVAN

Urbvan is an App-based mass transit mobility network that smartly connects inner-city commuting.

FOUNDED DATE: 1/01/2016
FUNDING AMOUNT: USD 11.182.000,00
NUMBER OF FUNDING ROUNDS: 5
FOUNDERS: Joao Matos Albino, Renato Picard
INFO AT: CRUNCHBASE      –     CONTXTO      –      LAVCA

#18 – SR. PAGO

FOUNDED DATE: 10/10/2010
FUNDING AMOUNT: USD 13.420.000,00
NUMBER OF FUNDING ROUNDS: 5
FOUNDERS: Antonio Flores Aldama, Pablo Gonzalez Vargas
INFO AT: CRUNCHBASE       –   CONTXTO      –       LAVCA

#19 – BILLPOCKET

Billpocket is a merchant services aggregator and mobile payments company that allows to accept debit and credit card payments

FOUNDED DATE: 1/01/2011
FUNDING AMOUNT: USD 300.000,00
NUMBER OF FUNDING ROUNDS: 5
FOUNDERS: Alejandro Guízar
INFO AT: CRUNCHBASE       –     CONTXTO     –      LAVCA

#20 – KAVAK

FOUNDED DATE: 1/01/2016
FUNDING AMOUNT: USD 398.300.000,00 (Disclosed)
NUMBER OF FUNDING ROUNDS: 2
FOUNDERS: Carlos Julio Garcia, Roger Laughlin
INFO AT: CRUNCHBASE       –      CONTXTO      –       LAVCA

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