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Hi Ventures

North America, Distrito Federal, Mexico, Mexico City

Description

Hi Ventures is a prominent early-stage venture capital fund based in Mexico City, Mexico, dedicated to fueling the growth of high-potential startups across Latin America. The firm primarily targets companies in their Pre-Seed, Seed, and Pre-Series A stages, aiming to identify and support disruptive businesses from their foundational phases. With a strategic focus on the burgeoning tech ecosystem in the region, Hi Ventures positions itself as a key partner for founders seeking not just capital, but also strategic guidance and network access.

The fund's investment thesis centers on sectors poised for significant transformation and scalability. Hi Ventures actively seeks opportunities within diverse verticals including Software-as-a-Service (SaaS), Fintech, Marketplaces, E-commerce, Proptech, Logistics, Healthtech, and Edtech. This broad yet targeted approach allows them to capture innovation across various segments of the digital economy. A defining characteristic of their investment strategy is their typical first check size, which ranges from $100,000 USD to $500,000 USD. This range indicates their commitment to providing crucial early capital that can help startups achieve key milestones and attract subsequent funding rounds.

Beyond financial investment, Hi Ventures emphasizes a hands-on approach, leveraging the extensive experience of its managing partners, Ricardo Elizondo and Fernando Lelo de Larrea, to provide operational support and strategic mentorship. The firm is known for its active participation in the development of its portfolio companies, helping them navigate challenges related to product-market fit, team building, and market expansion. Their commitment to the regional startup ecosystem is evident in their growing portfolio, which includes companies like Ruedata and Nuvocargo, contributing to the innovation landscape in Mexico and beyond. Hi Ventures plays a vital role in nurturing the next generation of Latin American tech leaders, fostering a dynamic environment for entrepreneurial success.

Investor Profile

Hi Ventures has backed more than 32 startups, with 2 new investments in the last 12 months alone. The firm has led 18 rounds, about 56% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in Mexico, United States, Chile.
  • Strong thematic focus on FinTech, Software, Financial Services.
  • Led 1 rounds in the past year.
  • Typical check size: $100K – $500K.

Stage Focus

  • Seed (34%)
  • Series A (31%)
  • Series B (22%)
  • Pre Seed (6%)
  • Series Unknown (6%)

Country Focus

  • Mexico (56%)
  • United States (19%)
  • Chile (13%)
  • Brazil (6%)
  • Colombia (3%)
  • Spain (3%)

Industry Focus

  • Fintech
  • Software
  • Financial Services
  • E-commerce
  • Finance
  • Marketplace
  • Information Technology
  • Internet
  • B2b
  • Mobile
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Hi Ventures frequently co-invest with?

NFX
North America, California, United States, San Francisco
Co-Investments: 5
Better Tomorrow Ventures
North America, California, United States, San Francisco
Co-Investments: 3
FJ Labs
North America, New York, United States, New York
Co-Investments: 3
Endeavor Catalyst
North America, New York, United States, New York
Co-Investments: 5
500 Global
North America, California, United States, San Francisco
Co-Investments: 4
Clocktower Technology Ventures
North America, California, United States, Santa Monica
Co-Investments: 4
Accel
North America, California, United States, Palo Alto
Co-Investments: 4
Magma Partners
North America, Washington, United States, Tumwater
Co-Investments: 4
QED Investors
North America, Virginia, United States, Alexandria
Co-Investments: 5
Infinity Ventures
North America, California, United States, San Francisco
Co-Investments: 3

Which angels does Hi Ventures often collaborate with?

GG
North America, California, United States, San Francisco
Shared Deals: 1
MH
North America, California, United States, San Francisco
Shared Deals: 1
AT
North America, California, United States, San Francisco
Shared Deals: 1
FB
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
OH
North America, California, United States, San Francisco
Shared Deals: 2
AP
North America, California, United States, San Francisco
Shared Deals: 1
Florian Hagenbuch
South America, Sao Paulo, Brazil
Shared Deals: 2
Manolo Atala
North America, Distrito Federal, Mexico, Mexico City
Shared Deals: 1
CW
North America, California, United States, San Francisco
Shared Deals: 1
Federico Ranero
North America, Distrito Federal, Mexico, Mexico City
Shared Deals: 2

What are some of recent deals done by Hi Ventures?

Mendel

Mexico City, Distrito Federal, Mexico

Mendel offers a corporate expense management platform that streamlines financial processes for businesses.

AccountingB2BFinanceInformation TechnologySoftware
Series BMar 27, 2025
Amount Raised: $35,000,000
R2

Mexico City, Distrito Federal, Mexico

R2 is an embedded lending platform that offers capital for businesses.

Embedded SystemsFinancial ServicesFinTechLendingSmall and Medium Businesses
Series ANov 28, 2024
Amount Raised: $9,000,000
perhaps

San Francisco, California, United States

perhaps is the first workspace designed for collaboration between humans and AI.

Information TechnologyInternetSoftware
Pre SeedJul 7, 2024
Amount Raised: $1,750,000
Nuvocargo

New York, New York, United States

Nuvocargo is the all-in-one digital platform for cross-border trade between USA and Mexico.

FinTechFreight ServiceLogisticsSoftwareSupply Chain ManagementTransportation
Series BJun 23, 2023
Amount Raised: $36,500,000
Mendel

Mexico City, Distrito Federal, Mexico

Mendel will use expense management software to recover all of your invoices and integrates expense management software.

B2BFinanceInformation TechnologySoftware
Series ANov 7, 2022
Amount Raised: $10,000,000
Clubbi

Rio De Janeiro, Rio de Janeiro, Brazil

Clubbi empowers small merchants across Brazil by optimizing their supply chain and operations through technology

B2BConsumer GoodsFast-Moving Consumer GoodsMarketplaceRetail Technology
Series AJun 1, 2022
Amount Raised: $12,000,000
Nuvocargo

New York, New York, United States

Nuvocargo is the all-in-one digital platform for cross-border trade between USA and Mexico.

FinTechFreight ServiceLogisticsSoftwareSupply Chain ManagementTransportation
Series UnknownDec 10, 2021
Amount Raised: $20,500,000
Mendel

Mexico City, Distrito Federal, Mexico

Mendel will use expense management software to recover all of your invoices and integrates expense management software.

B2BFinanceInformation TechnologySoftware
Series ADec 2, 2021
Amount Raised: $15,000,000
Fintual

Santiago, Region Metropolitana, Chile

Fintual is an asset management startup that manages the investments of young professionals who want to invest well.

Asset ManagementFinanceFinancial ServicesFinTechPersonal Finance
Series BNov 2, 2021
Amount Raised: $39,000,000
REWORTH

Mexico City, Distrito Federal, Mexico

REWORTH API simplifies how financial institutions and merchants engage with their customers.

Financial ServicesFinTech
SeedOct 18, 2021
Amount Raised: $2,800,000