99 Startups is a Mexico City-based venture capital firm established in 2016. It focuses on seed-stage investments in Latin American startups across sectors such as FinTech, SaaS, and AI.
Key people at 99 Startups.
99 Startups is a Mexico-based venture capital firm focused on investing in seed-stage startups primarily in Latin America, targeting sectors such as fintech, SaaS, and artificial intelligence. Their mission is to back bold entrepreneurs building generational companies by providing not only capital but also hands-on support to help startups scale and solve significant regional challenges. The firm has a strong emphasis on fostering innovation in Latin America’s emerging markets, contributing to the growth of the local startup ecosystem through financial investment and strategic guidance[1][2].
Founded in 2016 under the original name Xylo Capital, 99 Startups has evolved to become a key player in Latin America’s venture capital scene. The founding partners have steered the firm to focus on early-stage companies with high growth potential in fintech, SaaS, and AI. A pivotal moment in their trajectory was the successful closing of their first fund, FUND I, which raised $4.5 million, surpassing their initial target. This milestone enabled them to expand their reach and deepen their impact on the Latin American startup ecosystem. Additionally, they hosted "Fundadores," a popular Spanish-language podcast on entrepreneurship, which helped build community and thought leadership in the region[1].
99 Startups rides the wave of increasing digital transformation and fintech adoption in Latin America, a region with significant demand for innovative financial services and SaaS solutions tailored to local needs. The timing is critical as Latin America experiences rapid growth in internet penetration, mobile usage, and AI applications, creating fertile ground for startups. By focusing on early-stage companies, 99 Startups helps bridge the funding gap in the region, accelerating innovation and economic development. Their influence extends beyond capital, shaping the ecosystem by mentoring entrepreneurs and promoting a culture of scalable, tech-driven solutions[1][2].
Looking ahead, 99 Startups is poised to continue expanding its portfolio and influence in Latin America’s burgeoning tech scene. Trends such as AI integration, fintech democratization, and SaaS adoption will likely shape their investment focus. As the Latin American startup ecosystem matures, 99 Startups’ role as a seed investor and ecosystem builder will become increasingly vital, potentially leading to larger funds and more significant exits. Their commitment to backing generational companies suggests a long-term vision of transforming Latin America’s innovation landscape[1][2].
Key people at 99 Startups.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2025 | Clara | $3.0M Seed | — | ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| Jun 1, 2025 | FieldFactors | $2.0M Venture Round | — | 500 Startups Latam, Autopilot Fund, Matt Ocko, Draper Cygnus, Kepler Operator’s Fund, Latitud, Operate, Ride Home Fund, Duran Cesur, Zecca Lehn |
| Apr 1, 2025 | Clara | $40.0M Venture Round | — | ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| Apr 1, 2025 | Nomi | $500K Seed | — | ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| Dec 1, 2024 | Stelia | $5.0M Seed | — | Accel, ALLVP, Alpha4 ventures, Alumni Ventures, Canaan Partners, Cherry Ventures, Coatue, Episode 1 Ventures, FasterCapital, Flex Capital, Frontline Ventures, Global Founders Capital, Javelin Venture Partners, Join Capital, KRM Interests LLC, Latitud, monashees, Hans Tung, Picus Capital, sequel, Seraphim Space, Silence, SV Angel, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, Charlie Cheever, David Vélez, Hanno Renner, Jason Lemkin, Julius Köhler, Justin Mateen, Karim Atiyeh, Luc Vincent, Manolo Atala, Mario Götze, Michael Levinthal, Michael Wax, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Ron Pragides, Sahin Boydas, Sergio Furio |
| Jun 1, 2024 | Pipeimob | $800K Seed | — | 500 Startups Latam, Autopilot Fund, Matt Ocko, Draper Cygnus, Kepler Operator’s Fund, Latitud, Operate, Ride Home Fund, Duran Cesur, Zecca Lehn |
| Apr 1, 2024 | Snappy | $25.0M Series D | — | ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Notable Capital, Picus Capital, Silence, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| Apr 1, 2024 | Torpago | $10.0M Series B | — | 500 Startups Latam, Autopilot Fund, Matt Ocko, Draper Cygnus, Kepler Operator’s Fund, Latitud, Operate, Ride Home Fund, Duran Cesur, Zecca Lehn |
| Dec 1, 2023 | ValueBase | $6.0M Seed | — | Angel investor, C2 Investment, Curious Capital, Ethereal Ventures, Index Ventures, Lightspeed Venture Partners, Sequoia Capital, Aaron Levie, Adam D'Angelo, Jared Leto, Karim Atiyeh, Mike Vernal, Sahin Boydas, 500 Startups Latam, Autopilot Fund, Draper Cygnus, Duran Cesur, Kepler Operator’s Fund, Latitud, Matt Ocko, Operate, Ride Home Fund, Zecca Lehn |
| Nov 1, 2023 | Silverflow | $16.0M Series A | — | ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Felix Jahn, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| Nov 1, 2023 | Finkargo | $20.0M Series A | — | 01 Advisors, 2.12 Angels, BBG Ventures, Bling Capital, BlockTower Capital, Carao Ventures, Clocktower Technology Ventures, Derive Ventures, Flybridge Capital Partners, Gradient Ventures, K50 Ventures, Nazca Ventures, Primary Venture Partners, QED Investors, Jenny Johnston, SciFi VC, Sonder Capital, ThirdLove, Tusk Venture Partners, Maurice Ferre, Michael Shoemaker |
| Oct 1, 2023 | CentML | $27.0M Seed | — | Gradient Ventures, Nazca Ventures, Jenny Johnston, Sonder Capital, Maurice Ferre, Michael Shoemaker |
| Oct 1, 2023 | VMind AI | $2.0M Seed | — | 500 Startups Latam, Afore Capital, Anthemis Group, Autopilot Fund, CapitalX, Collaborative Seed & Growth Partners, Matt Ocko, DCVC (Data Collective), DGF Investimentos, Draper Cygnus, Dreamers VC, Elkstone, Jenny Fielding, Scott Hartley, General Catalyst, Greycroft, Kepler Operator’s Fund, Latitud, Lead Edge Capital, monashees, Next47, No Label Ventures, Operate, Paradigm, Rajan Anandan, QED Investors, Hayden Simmons, Nakul Gupta, Ride Home Fund, RTP Global, Sapphire Ventures, SNR, Soma Capital, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Ali Moiz, Alison Engel, Arash Ferdowsi, Balaji Srinivasan, Cory Levy, Duran Cesur, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, Mike Giampapa, Munish Varma, Parker Treacy, Sahin Boydas, Sam Altman, Sumon Sadhu, Tyler Willis, Viral Bajaria, Zecca Lehn |
| May 1, 2023 | Moon Surgical | $55.0M Series B | — | Ascension Ventures, Cathay Health, Endeavor Venture Funds, Gradient Ventures, Nazca Ventures, New Enterprise Associates (NEA), Jenny Johnston, Soffinova Partners, Sonder Capital, Colin Cahill, Maurice Ferre, Michael Shoemaker |
| Apr 1, 2023 | Clara | $60.0M Series C | — | ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| Feb 1, 2023 | Lavender | $2.0M Seed | — | Norwest Venture Partners, Arash Ferdowsi, James Park, Roger Dickey |
| Jan 1, 2023 | Digs | $7.0M Seed | — | Bond, Bullpen Capital, Fuse, Imaginary Ventures, LAUNCH, Jake Kassan, Jamie Sutton, Kyle Widrick, Michael Lombardi, Netalie Nadivi, Ryan Duranso |
| Oct 1, 2022 | HoyTrabajas | $5.0M Seed | — | ALLVP, Alpha4 ventures, Balderton Capital, Canaan Partners, Catapult Capital, Coatue, Coelius Capital, FasterCapital, Flex Capital, Force Over Mass Capital, Global Founders Capital, Goat Capital, Latitud, Liquid 2 Ventures, monashees, Msd Capital, MYASIAVC PTE LTD, Hans Tung, Picus Capital, Pioneer Fund, Quiet Capital, Silence, Soma Capital, Torch Capital, Uncork Capital, Vibe Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Errol Damelin, Ilya Golubovich, Immad Akhund, Justin Mateen, Karim Atiyeh, Kevin Lin, Kirill Makharinsky, Manolo Atala, Michael Levinthal, Michael Staton, Mik Attisani, Nicky Goulimis, Oliver Jung, Paul Graham, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| Sep 1, 2022 | Heru | $6.0M Seed | — | Dynamo Ventures, Gradient Ventures, Nazca Ventures, Jenny Johnston, Sonder Capital, Valo Ventures, Malek Meslemani, Maurice Ferre |
| Jul 1, 2022 | Fuell | $2.0M Seed | — | ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| Jun 1, 2022 | Moon Surgical | $31.0M Series A | — | Ascension Ventures, Cathay Health, Endeavor Venture Funds, Gradient Ventures, Nazca Ventures, New Enterprise Associates (NEA), Jenny Johnston, Soffinova Partners, Sonder Capital, Colin Cahill, Maurice Ferre, Michael Shoemaker |
| May 1, 2022 | Finloup | $1.0M Seed | — | ALLVP, Alpha4 ventures, Canaan Partners, Coatue, FasterCapital, Global Founders Capital, Latitud, monashees, Hans Tung, Picus Capital, Silence, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| May 1, 2022 | Marvin. | $15.0M Series A | — | ALLVP, Alpha4 ventures, Canaan Partners, Canary Ventures, Coatue, FasterCapital, Global Founders Capital, Latitud, Lupa Capital, monashees, Hans Tung, Picus Capital, Silence, Soma Capital, Torch Capital, Xochi Ventures, Y Combinator, Anna Yuan, Ariel Lambrecht, David Vélez, Justin Mateen, Karim Atiyeh, Manolo Atala, Michael Levinthal, Mik Attisani, Nicky Goulimis, Oliver Jung, Philippe Teixeira da Mota, Ricardo Weder, Sahin Boydas, Sergio Furio |
| Apr 1, 2022 | Twingate | $42.0M Series B | — | 2xN, Bond, Bullpen Capital, Evolution Equity Partners, Fuse, Greylock, Imaginary Ventures, LAUNCH, Mouro Capital, SignalFire, Summit Partners, Village Global, WndrCo LLC, Y Combinator, Albert Armengol, Anthony Saleh, Charles Delingpole, Immad Akhund, Jake Kassan, Jamie Sutton, Justin Mateen, Kyle Widrick, Michael Lombardi, Netalie Nadivi, Ryan Duranso, Samvit Ramadurgam |
| Mar 1, 2022 | Pack Digital | $3.0M Seed | — | Anti fund, BITKRAFT Ventures, Bond, Bullpen Capital, Fuse, Hoxton Ventures, Imaginary Ventures, LAUNCH, Maveron, S2G Ventures, XFactor Ventures, Jake Kassan, Jamie Sutton, Michael G. Rubin, Michael Lombardi, Moshe Lifschitz, Netalie Nadivi, Ravi Grover, Ryan Duranso, Scott Belsky, Anorak Ventures, MaC Venture Capital, Mayfield, Norwest Venture Partners, The Venture Reality Fund, Y Combinator, Zeno Ventures |
