Amplifica Capital, the first VC in Mexico to invest in startups led by women or focused on female products, announced the closing of its first fund for $11 million.
The amount exceeded their goal of US$10 million.
With this capital, they plan to add between 10 and 15 companies to the 10 that are already part of their portfolio. In each startup, they will be investing a ticket ranging from US$100,000 to US$500,000, Anna Raptis, founder, and GP of Amplifica Capital told Contxto.
Mexico Ventures; Grupo Herdez; Maria Ariza, CEO of BIVA; Melanie Devlyn, CEO of Devlyn Holdings; Daniel Undurraga and Oskar Hjertonsson, founders of Cornershop; and Loreanne García, co-founder of Kavak, participated in the fund.
Amplifica Capital currently has around 100 investors, more than 60% of them women, the highest participation in a LatAm fund, according to their estimates.
With this fund, Amplifica Capital aims to increase the participation of women in technology, supporting entrepreneurs who lead a startup or backing tech companies with products focused on women.
The investments Amplifica Capital will make in the initial rounds will be spread across industry sectors.
Raptis says they will focus on those that “are solving big challenges in Latin America because we know those companies are going to be much more resilient and bring a lot of value to generate excellent returns for us and our investors.”
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