Dux Capital

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jun 1, 2022	Wilco	$7.0M Seed	—	Hetz Ventures, Impacta VC, Ed Lu, Ricardo Weder
May 1, 2022	VantedgeAI	$3.0M Seed	—	Canary Ventures, Gerdau Next Ventures, Graph Ventures, Iluminar Ventures, i/o Ventures, KRM Interests LLC, Latitud, Magma Partners, SV Latam Fund, Tokai Ventures, Ahmed Chaudhary, Daniel Raynaud, Jorge Faraj, Jorge Uribe, Manolo Atala, Ricardo Weder, Santiago Aldana, Tono Mandly
Apr 1, 2022	Koltin	$650K Seed	—	Canary Ventures, Gerdau Next Ventures, Graph Ventures, Iluminar Ventures, i/o Ventures, KRM Interests LLC, Latitud, Magma Partners, SV Latam Fund, Tokai Ventures, Ahmed Chaudhary, Daniel Raynaud, Jorge Faraj, Jorge Uribe, Manolo Atala, Ricardo Weder, Santiago Aldana, Tono Mandly
Feb 1, 2022	3Box	$30.0M Series A	—	1776, 75 & Sunny, Kevin Hartz, AirAngels, Allegory, Altos Ventures, Ambush Capital, Andreessen Horowitz, Awesome People Ventures, Battery Ventures, BITKRAFT Ventures, Buckley Ventures, Canary Ventures, City Light Capital, Climate Capital, Coatue, CoinFund, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Decibel Partners, Divergence Ventures, Draft Ventures, Flex Capital, FounderPartners, Founders Fund, Framework Ventures, Leslie T., Gerdau Next Ventures, Goat Capital, Graph Ventures, Gutter Capital, Iluminar Ventures, Infinite Niches, Infinity Ventures Crypto, Invariantes Fund, i/o Ventures, Jetstream, KRM Interests LLC, Lampros Capital Partners, Latitud, Logos Labs, Magma Partners, MATR Ventures, MS&AD Ventures, Neu Venture Capital, Northzone, Otherwise Fund, ParaFi Capital, Pareto Holdings, Pioneer Fund, Polychain Capital, Robot Ventures, Sapphire Ventures, Seed Club Ventures, Sequoia Capital, SID Venture Partners, Solana Ventures, SRB Ventures, SV Latam Fund, Symbolic Capital, The Hit Forge, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tokai Ventures, Tribe Capital, True Ventures, Union Square Ventures, Unusual Ventures, Variant, Y Combinator, YOBE Ventures, Ahmed Chaudhary, Alexander Salnikov, Andre Iguodala, Andrew Steinwold, Artia Moghbel, Bob Bickel, Bob Pasker, Bradley Horowitz, Daniel Raynaud, Emily Kramer, Erik Blachford, Greg Isenberg, Jonathan Swanson, Jorge Faraj, Jorge Uribe, Joshua Reeves, Joshua Webster, Julia Hartz, Karl Peterson, Loic Le Meur, Manik Gupta, Manolo Atala, Marc McCabe, Mike Hudack, Ricardo Weder, Russell Smith, Ryan Shea, Sacha Labourey, Sahin Boydas, Sam Corcos, Sam Parr, Santiago Aldana, Scott Belsky, Shayne Coplan, Stani Kulechov, Stefan George, Steve Schlafman, Suhail Doshi, Tegan Kline, Tono Mandly, Tony Sheng, Tyler Scott Ward, Will Szczerbiak, Zachary Sims
Jan 1, 2022	FairPlay	$15.0M Series A	—	Canary Ventures, Caravela Capital, Gerdau Next Ventures, Goat Capital, Graph Ventures, Iluminar Ventures, i/o Ventures, KRM Interests LLC, Latitud, Magma Partners, Streamlined Ventures, SV Latam Fund, Tokai Ventures, Ahmed Chaudhary, Carlos Julio Garcia, Daniel Kan, Daniel Raynaud, Emil Michael, Jorge Faraj, Jorge Uribe, Justin Mateen, Manolo Atala, Pedro De Garay, Ricardo Weder, Santiago Aldana, Tono Mandly
Nov 1, 2021	Cubbo	$4.0M Seed	—	ALLVP, Alpha4 ventures, Bow Capital, Buckley Ventures, Caffeinated Capital, Canary Ventures, Comal Ventures, Connolley, DVx Ventures, Eunoia Capital Partners, Gerdau Next Ventures, Goodwater Capital, Graph Ventures, Homebrew, Iluminar Ventures, i/o Ventures, KRM Interests LLC, Latitud, Launch Capital, Liquid 2 Ventures, Magma Partners, NFX, Niu Ventures, Oak HC/FT, One Way Ventures, Plug & Play Ventures, SV Latam Fund, Tokai Ventures, Vera Equity, Ahmed Chaudhary, Brandon Krieg, Carlos Julio Garcia, Daniel Raynaud, David Vélez, Guilherme Bonifacio, Immad Akhund, Jay Vijayan, Jorge Faraj, Jorge Uribe, Karim Atiyeh, Manolo Atala, Ricardo Weder, Santiago Aldana, Sri Batchu, Tono Mandly
Oct 1, 2021	ZAX	$6.0M Series A	—	Adverb Ventures, Andreessen Horowitz, Canary Ventures, Cedar Capital Group, Gerdau Next Ventures, Global Founders Capital, Graph Ventures, Iluminar Ventures, i/o Ventures, KRM Interests LLC, Latitud, Magma Partners, Rethink Impact, Silence, Soma Capital, SV Latam Fund, Tokai Ventures, Ahmed Chaudhary, Alex Anton, Daniel Raynaud, Israel Salmen, Johannes De Waal, Jorge Faraj, Jorge Uribe, Manolo Atala, Ricardo Weder, Santiago Aldana, Tono Mandly
Jul 1, 2021	Carryt	$900K Seed	—	Alaya Capital, Avalancha Ventures, Hetz Ventures, Impacta VC, Latin Leap, Newtype Ventures, Ricardo Weder
Jun 1, 2021	Jeeves Inc.	$26.0M Series A	—	20VC, 8VC, 9Yards Capital, Kevin Hartz, Accel, Across Capital Partners, Addition, Afore Capital, Album VC, Alpha JWC Ventures, Alt Capital, Andreessen Horowitz, Asylum Ventures, Buckley Ventures, Cedar Capital Group, Citi Ventures, DST Global, Force Over Mass Capital, Gradient Ventures, Gutter Capital, Haun Ventures, Hetz Ventures, Homebrew, Impacta VC, Index Ventures, Insight Partners, Insignia Ventures Partners, IVP, K2 Global, Kaszek Ventures, Khosla Ventures, Latitud, LAUNCH, monashees, NXTP Ventures, Paradigm, Pareto Holdings, Ribbit Capital, SciFi VC, Section 32, Tribe Capital, TTV Capital, Unpopular Ventures, Vera Equity, Winklevoss Capital, Y Combinator, Anthony Pompliano, Bill Ackman, Biz Stone, Brandon Leonardo, Claire Hughes Johnson, Cristina Cordova, David Vélez, Eric Wu, Johannes Schildt, Jonathan Neman, Karim Atiyeh, Loreanne Garcia, Mads Fosselius, Martin Varsavsky, Mato Peric, Max Mullen, Mike Krieger, Philippe Teixeira da Mota, Roger Laughlin Carvallo, Sri Batchu, William Hockey
Apr 1, 2021	Kooky	$7.0M Seed	—	Creandum, IVP, Charles Delingpole, Jan Deepen, Maximilian Tayenthal, Stefan Jeschonnek
Mar 1, 2021	Neivor	$900K Seed	—	Canary Ventures, Gerdau Next Ventures, Graph Ventures, Iluminar Ventures, i/o Ventures, KRM Interests LLC, Latitud, Magma Partners, SV Latam Fund, Tokai Ventures, Ahmed Chaudhary, Daniel Raynaud, Jorge Faraj, Jorge Uribe, Manolo Atala, Ricardo Weder, Santiago Aldana, Tono Mandly
Mar 1, 2021	Cubbo	$2.0M Seed	—	1984 Ventures, 75 & Sunny, ALLVP, Alpha4 ventures, Angel Ventures, Caffeinated Capital, Canary Ventures, Comal Ventures, Cometa, Connolley, Craft Ventures, Friále, Gerdau Next Ventures, Graph Ventures, Hack VC, Homebrew, Iluminar Ventures, i/o Ventures, Kaszek Ventures, Kleiner Perkins, KRM Interests LLC, Latitud, Magma Partners, NFX, NTT Venture Capital, One Way Ventures, Renegade Partners, SV Latam Fund, Tokai Ventures, Ahmed Chaudhary, Carlos Julio Garcia, Daniel Raynaud, David Vélez, Fernando Gadotti, Guilherme Bonifacio, Hadi Partovi, Immad Akhund, Jorge Faraj, Jorge Uribe, Karim Atiyeh, Manolo Atala, Marcelo Sampaio, Michael Ma, Ran Makavy, Ricardo Weder, Santiago Aldana, Simon Borrero, Sri Batchu, Tono Mandly
Dec 1, 2020	Come Bien	$1.0M Seed	—	500 Startups, 500 Startups Latam, Avalancha Ventures, Impacta VC, Innogen Venture Capital, MC Capital, Andreas Mihalovits
Sep 1, 2020	Koibanx	$130K Seed	—	500 Global, 500 Startups Latam, Avalancha Ventures, Impacta VC, Innogen Venture Capital, MC Capital, Andreas Mihalovits
Dec 1, 2019	Atexto	$710K Seed	—	500 Global, 500 Startups Latam, Avalancha Ventures, Elsewhere Partners, Impacta VC, Innogen Venture Capital, Krillion Ventures, LAUNCH, MC Capital, Predictive VC, SeedInvest, Andreas Mihalovits, Henry Rouquairol
Dec 1, 2019	FairPlay	$5.0M Seed	—	Canary Ventures, Foundation Capital, Gerdau Next Ventures, Graph Ventures, Iluminar Ventures, i/o Ventures, KRM Interests LLC, Latitud, Magma Partners, SV Latam Fund, Tokai Ventures, Ahmed Chaudhary, Daniel Raynaud, Jorge Faraj, Jorge Uribe, Manolo Atala, Santiago Aldana, Tono Mandly
Nov 1, 2019	Come Bien	$200K Seed	—	500 Startups, 500 Startups Latam, Avalancha Ventures, Impacta VC, Innogen Venture Capital, MC Capital, Andreas Mihalovits
Nov 1, 2019	Baud	$200K Seed	—	—
Mar 1, 2019	Sunu	$400K Seed	—	500 Global, 500 Startups Latam, Avalancha Ventures, Impacta VC, Innogen Venture Capital, MC Capital, Andreas Mihalovits
Sep 1, 2018	Atexto	$330K Seed	—	500 Global, 500 Startups Latam, Avalancha Ventures, Elsewhere Partners, Impacta VC, Innogen Venture Capital, Krillion Ventures, LAUNCH, MC Capital, Predictive VC, SeedInvest, Andreas Mihalovits, Henry Rouquairol
Dec 1, 2017	Arcus Financial Intelligence	$8.0M Series A	—	Avalancha Ventures, Capital Invent, IGNIA Partners, Jay Adelson
Sep 1, 2017	Bind ERP	$900K Series A	—	Avalancha Ventures, Capital Invent, IGNIA Partners, Jump Capital

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Dux Capital.

Leadership Team

Key people at Dux Capital.

Deep Dive

High-Level Overview

Dux Capital is an early-stage venture capital firm focused on closing the funding gap for historically underrepresented founders, particularly Latinx entrepreneurs. The firm invests primarily in seed and Series A rounds, supporting startups across Mexico, the United States, and Latin America. Its mission centers on empowering diverse founders by providing capital, strategic guidance, and access to networks to help scale innovative companies that drive meaningful economic and social impact. Dux Capital’s investment philosophy is rooted in diversity and inclusion, aiming to unlock the untapped potential of Latinx-led startups and other overlooked groups, thereby fostering a more equitable startup ecosystem[1][2][5][7].

Origin Story

Founded in 2017, Dux Capital was established by co-founders Daniel Santamarina and Jose Luis Silva Vazquez, with a base in Austin, Texas, and Mexico City. The firm evolved with a clear focus on Latinx founders, recognizing the significant economic contribution of the Latinx community in the U.S. and Latin America, yet their underrepresentation in venture capital funding. The founders identified the systemic barriers Latinx entrepreneurs face—such as limited networks and smaller deal sizes—and positioned Dux Capital as a catalyst to bridge these gaps. Over time, the firm has expanded its reach and fund size, including a $35 million seed fund (Fund II) aimed at tech-enabled startups across sectors[5][6][7].

Core Differentiators

Unique Investment Model: Sector-agnostic early-stage investing with a strong emphasis on diversity and inclusion, specifically targeting Latinx and other underrepresented founders.
Network Strength: Deep connections across Latin America and the U.S. startup ecosystems, leveraging cultural and regional insights to support portfolio companies.
Track Record: Focused on seed and Series A rounds, with a growing portfolio of startups demonstrating early traction and scalability.
Operating Support: Beyond capital, Dux Capital provides strategic mentorship, operational guidance, and access to resources tailored to the unique challenges faced by diverse founders[1][2][5].

Role in the Broader Tech Landscape

Dux Capital rides the wave of increasing recognition of diversity as a driver of innovation and economic growth. The timing is critical as Latinx entrepreneurs represent a rapidly growing demographic with significant economic output—$2.8 trillion in the U.S.—yet receive only about 2% of venture capital funding. By focusing on this underserved market, Dux Capital is not only addressing a social equity issue but also tapping into a large, high-potential market segment. Their investments contribute to diversifying the tech ecosystem, encouraging more inclusive innovation, and helping to close the racial and ethnic funding gap in venture capital[5].

Quick Take & Future Outlook

Looking ahead, Dux Capital is poised to expand its influence by scaling its funds and portfolio companies, deepening its impact on Latinx entrepreneurship and beyond. Trends such as increased digital adoption in Latin America, growing startup ecosystems in Mexico and the U.S., and a broader push for diversity in tech will shape their journey. As Dux Capital continues to champion underrepresented founders, it may become a leading force in redefining venture capital norms and unlocking new economic opportunities in underserved communities[2][5]. Their commitment to smart, inclusive investing positions them well to drive meaningful change in the startup ecosystem for years to come.

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Sector-agnostic early-stage investing with a strong emphasis on diversity and inclusion, specifically targeting Latinx and other underrepresented founders.
Network Strength: Deep connections across Latin America and the U.S. startup ecosystems, leveraging cultural and regional insights to support portfolio companies.
Track Record: Focused on seed and Series A rounds, with a growing portfolio of startups demonstrating early traction and scalability.
Operating Support: Beyond capital, Dux Capital provides strategic mentorship, operational guidance, and access to resources tailored to the unique challenges faced by diverse founders[1][2][5].