LatAm List – Angel Ventures Guadalajara, a Mexican VC firm, announced the launch of a new seed fund, Carabela, for $6.4M (MXN$150M). The fund aims to support early-stage startups and entrepreneurs in Latin America, with a focus on those that already operate in Mexico or plan to in the near future.
The Carabela Fund will invest an average initial amount of $130K (MXN$3M) in 18 early-stage technology-based companies. Angel Ventures Guadalajara will support the startups through its network of regional staff and offices in Lima, Bogota, and Mexico City.
The Fund aims to support social impact startups that have a high scalability potential. The main focus of the Fund will be e-commerce startups, ICTs, fintechs, and biotechs, such as startups in agriculture, food, and environment which use IoT and artificial intelligence.
Read more on the press release.