About FEMSA Ventures
FEMSA Ventures is a venture capital firm founded in 2018. It is primarily based out of Monterrey, Mexico. As of Sep 2024, FEMSA Ventures has invested in 17 companies. It primarily invests in Seed round in Mexico based startups. Its investments are spread across a wide range of sectors from Retail to Enterprise Applications and Food and Agriculture Tech. Most recently it participated in the $***** Series B round of Cayena A lot of funds co-invest with FEMSA Ventures, with names like Dalus Capital sharing a substantial percentage of its portfolio. FEMSA Ventures has team of 4 people.FEMSA Ventures' List of Top Investments
FEMSA Ventures has a portfolio of 17 companies. Their most notable investments are in Celes and Swyft.Their portfolio spans across Mexico, Colombia, United States and 2 more locations. They have invested in Retail, Enterprise Applications, Food and Agriculture Tech and 7 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by FEMSA Ventures:
1. R2
Provider of merchant financing solutions. It provides API-enabled revenue-based financing solutions. It helps in increasing capital retention. It also offers B2B buy now and pay later solutions.
Key facts about R2
2. Jüsto
Online retailer of grocery, household, personal care, and beverage products. It provides a variety of items including fresh produce, pantry staples, dairy, eggs, meats, seafood, snacks, sweets, baked goods, cleaning supplies, personal hygiene items, and beverages. The business model focuses on delivering these products directly to consumers.
Key facts about Jüsto
- Founded Year: 2018
- Location: Mexico City (Mexico)
- Stage: Series B
- Total Funding till date: $334M
- Employee Count: 917 as on Mar 31, 2026
- Investors: Flucas Ventures, General Atlantic and 22 Others
- Latest Funding Round: Conventional Debt, Oct 17, 2024, $*****
- Highlight: Editors' Pick
3. Algramo
Provider of smart reusable packing and refills of staple goods. It's a vending machine that sells non-perishable staples such as rice, beans & detergent by the gram. The buyer can buy smart reusable packaging containing RFID tagged, and provider's information to the vendor to refill the package. Using the mobile application the customers can find tricycles at multiple points.
Key facts about Algramo
- Founded Year: 2013
- Location: Santiago (Chile)
- Stage: Series A
- Total Funding till date: $9M
- Employee Count: 97 as on Jul 01, 2024
- Investors: Closed Loop Partners, Capria and 9 Others
- Latest Funding Round: Series A, May 2021, $*****
- Highlight: Editors' Pick
4. Chiper
Chiper is an online B2B platform offering multi-category products. Its product offerings include home care accessories, sports & fitness, clothing, food & beverages, baby products, and more. The mobile application is available for Andriod and iOS users
Key facts about Chiper
- Founded Year: 2017
- Location: Bogota (Colombia)
- Stage: Series B
- Total Funding till date: $80.1M
- Investors: Flucas Ventures, Tiger Global Management and 24 Others
- Latest Funding Round: Series B, Nov 18, 2021, $*****
- Highlight: Editors' Pick
5. Cayena
Online retailer of wholesale food supplies for restaurants and businesses. It provides a platform for purchasing meat, cheese, grocery items, and packaging. The platform offers a catalog of products from various suppliers. It facilitates order placement and delivery services. The platform also offers payment and customer support.
Key facts about Cayena
- Founded Year: 2019
- Location: Itaim Bibi (Brazil)
- Stage: Series B
- Total Funding till date: $76M
- Employee Count: 405 as on Feb 28, 2026
- Investors: MSA Capital, Novocap and 23 Others
- Latest Funding Round: Series B, Sep 20, 2024, $*****
- Highlight: Editors' Pick
FEMSA Ventures' Year-on-Year Investment Trends
FEMSA Ventures has invested in 17 companies over the last 6 years, with an average of 2 new investments annually in the last 5 years. Its most recent first time investment was in Celes and most recent follow-on round was in Cayena.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 1 | 2 |
2023 | 1 | 1 | 2 |
2022 | 5 | 2 | 7 |
2021 | 5 | 2 | 7 |
2020 | 1 | 0 | 1 |
FEMSA Ventures' Investments by Stage
FEMSA Ventures has made 6 investments in Seed stage with an average round size of $4.58M, 6 investments in Series A stage with an average round size of $11.6M and 1 investment in Series B stage.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 6 |
Series B | 1 |
Note: We have considered here, only first round of investments
FEMSA Ventures' Investments by Sector
FEMSA Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Food and Agriculture Tech, Retail, Consumer and FinTech. Notably, it has invested in 16 Tech companies, 10 Enterprise (B2B) companies, 9 Software companies and at least 7 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
Food and Agriculture Tech | 7 |
Retail | 6 |
Consumer | 3 |
FinTech | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
FEMSA Ventures' Investments by Geography
FEMSA Ventures has made most investments in Mexico (6), followed by Colombia where it has made 3 investments.Country | No. of Investments |
|---|---|
Mexico | 6 |
Colombia | 3 |
United States | 2 |
Brazil | 1 |
Chile | 1 |
Note: We have considered here, only first round of investments
FEMSA Ventures' recent investments
FEMSA Ventures has not made any investment in 2026 so far.Here are the most recent investments by FEMSA Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 20, 2024 | Brazil | Series B | 4105 | [+8] | |
May 16, 2024 | Colombia | Seed | 5173 | [+8] | |
Jun 20, 2023 | Mexico | Seed | 7369 | [+12] | |
Mar 29, 2023 | United States | Seed | 8472 | [+4] | |
Dec 16, 2022 | Mexico | Seed | 3897 | [+1] |
Team profile of FEMSA Ventures
FEMSA Ventures has a team of 4 members located in Mexico. FEMSA Ventures' team does not sit on the board of any company as of now.Co-investors of FEMSA Ventures
Over the past 6 years, 104 investors have co-invested in FEMSA Ventures's portfolio companies. This includes funds and angels.
- Invested before FEMSA Ventures: General Catalyst, 166 2nd and 16 others have invested in rounds before FEMSA Ventures. There is 1 company where General Catalyst has invested before FEMSA Ventures and 1 company where 166 2nd has invested before FEMSA Ventures.
- Top Co-investors of FEMSA Ventures: 54 investors entered a company along with FEMSA Ventures. These include investors like Dalus Capital (2 companies).
- Invested after FEMSA Ventures: A total of 32 investors have invested in FEMSA Ventures's portfolio after their investments. Top Investors include Endeavor (3 companies), Community Investment Management (1 company) and Hi Ventures (1 company).
Recent News related to FEMSA Ventures
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Cayena raises a $55M Series B round led by Bicycle CapitalLatamList•Sep 20, 2024•Cayena, Bicycle Capital, Picus Capital, FEMSA Ventures and 9 others
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Cayena raises R$300 million Series B to scale and expand the marketplace’s geographic presenceFusoes & Aquisicoes•Sep 19, 2024•Cayena, Bicycle Capital, FEMSA Ventures, Picus Capital and 8 others
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Celes Secures $3 Million in Seed RoundThe SaaS News•May 22, 2024•Celes, FEMSA Ventures, MatterScale, Rockstart and 6 others
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Clivi, the healthtech dedicated to diabetes management, raises $10 millionContxto•Jun 22, 2023•CLIVI, Dalus Capital, Foundation Capital, Cathay Innovation and 5 others
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Payments fintech Pacto raises $4M to accelerate growth in MexicoFintech Nexus•Apr 11, 2023•DILA Capital, Pacto, 500 Global, August Hill and 5 others
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Kouna, a Mexican Startup That Uses AI To Optimize Sales and Promotions, Raised US$6 MillionContxto•Dec 17, 2022•Kuona, FEMSA Ventures, COMETA, Seaya Cathay LATAM and 3 others
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Pulpo raises 8 million to boost its vehicle fleet management platformEL PAIS•Oct 18, 2022•pulpo, Nazca, FEMSA Ventures, Swanlaab Venture Factory and 1 other
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Gradient Ventures Leads USD15m Series A for Mexico’s R2LAVCA•Sep 14, 2022•Gradient Ventures, R2, FEMSA Ventures, PayU and 2 others
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Pacto Raises US$2 million; FEMSA Ventures and 500 Startups Are Among Its InvestorsContxto•Apr 05, 2022•Pactoltd, FEMSA Ventures, 500 Global, Leap Global Partners and 3 others
