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Incubator/Accelerator
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latam.500.co

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Investments

82

Portfolio Exits

2

Funds

2

About 500 Latam

500 Latam is an accelerator that offers a program targeted for talented founders trying to tackle important problems on big markets. The program is a mix between seed investment, mentorship from seasoned entrepreneurs and hackers and access to a thriving startup community.

500 Latam Headquarter Location

Mexico City,

Mexico

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Latest 500 Latam News

"We’re coming for you, bitches!” 500 Startups’ Dave McClure takes over Mexican.VC

Aug 7, 2012

Tags: 500 Startups , César Salazar , Dave McClure , featured , Mexican.VC Mexican.VC , a startup accelerator based in Mexico City, announced today it is merging with 500 Startups to source and fund a growing number of promising Spanish-speaking startups. The two programs have been working together for some time, but only on an informal and sporadic basis. Today, Mexican.VC’s founding partners César Salazar and Santiago Zavala will be joining 500 Startups full-time. 500 Startups founding partner Dave McClure provided the following statement: “Mexican entrepreneurs: We’re coming for you, bitches!! !” (That’s pretty typical McClure. Earlier this month, the no-hold- barred investor inspired the startup community in Montreal by flipping it off. ) Mountain View-based 500 Startups was founded by McClure in 2010. If you’re not familiar, it’s an early-stage seed fund and incubator program that has invested in wildly successful startups like Wildfire, Twilio, SendGrid, and TaskRabbit. Read here about 500 Startups’ most recent investments. Venture capital firms and accelerator programs are constantly looking to expand to emerging markets. In an interview with VentureBeat, Salazar said Mexico is on the brink of explosive growth. “The Latin American market is underserved and overlooked,” he said. Salazar points to statistics, including recent statistics cited in Forbes  that Mexico is the 12th largest economy in the world. Mexico’s GDP last year was $1.65 trillion, up from $1.59 trillion in 2010 and $1.51 trillion in 2009. Salazar and the other partners at Mexican.VC typically invite around 30 entrepreneurs per year to move to the capital to work with them for four months. Now, with the partnership formalized, companies have the option to raise funds in Mexico or in Silicon Valley. “This is the biggest thing we are doing to expand our international focus,” said 500 Startups’ partner Christine Tsai. We’ll see more startups in the firm’s next batch geared toward the Hispanic market. In Mexico City, the partners will be on the hunt for 5 to 10 early-stage companies with a focus on mobile, consumer internet, and small business software-as-a-service. Salazar said that this year, they will be looking for startups with an eye for customer acquisition and marketing, which will appeal to investors in the U.S. “In Mexico, the idea of a scalable startup is something really new,” said Salazar. “It’s been growing really fast.” In Mexico City, you’ll detect some of the telltale signs of a burgeoning startup culture, including a Women 2.0 chapter and regional office for Startup Weekend. Photo Credit: Sean Ludwig/ VentureBeat Get more stories like this on Twitter &  Facebook Press Releases

500 Latam Investments

82 Investments

500 Latam has made 82 investments. Their latest investment was in Plenna as part of their Seed VC - II on April 4, 2022.

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500 Latam Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/4/2022

Seed VC - II

Plenna

$0.85M

Yes

1

7/23/2020

Seed

Gueno

$0.06M

Yes

1

7/23/2020

Seed

SeeMexico

$0.06M

Yes

1

7/23/2020

Seed

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$99M

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0

7/23/2020

Seed

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$99M

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10

Date

4/4/2022

7/23/2020

7/23/2020

7/23/2020

7/23/2020

Round

Seed VC - II

Seed

Seed

Seed

Seed

Company

Plenna

Gueno

SeeMexico

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Amount

$0.85M

$0.06M

$0.06M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

0

10

500 Latam Portfolio Exits

2 Portfolio Exits

500 Latam has 2 portfolio exits. Their latest portfolio exit was CuidaMiMascota on March 28, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/28/2019

Merger

$99M

1

3/13/2018

Acquired

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$99M

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10

Date

3/28/2019

3/13/2018

Exit

Merger

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

1

10

500 Latam Fund History

2 Fund Histories

500 Latam has 2 funds, including 500 Luchadores.

Closing Date

Fund

Fund Type

Status

Amount

Sources

500 Luchadores

$2.01M

1

500 Luchadores III

10

Closing Date

Fund

500 Luchadores

500 Luchadores III

Fund Type

Status

Amount

$2.01M

Sources

1

10

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