The LatAm startup scene is really heating up, with venture capital flowing to innovative startups throughout South and Central America. But of all the countries benefitting from the investment, Mexico seems to be hottest, especially since its economy grew even faster than Brazil last year. With all that in mind, Mexican VC firm Alta Ventures just closed on a new, $70 million fund which will be devoted to investing in startups throughout the country.
Founded in 2010 by serial entrepreneur Rogelio de los Santos and "Nail It Then Scale It" co-author Paul Ahlstrom, Alta Ventures has been instrumental in organizing events for entrepreneurs and for increasing deal flow in the country. Its events include the first Mexico Venture Capital Conference, the E|100 crowd-sourcing initiative, and the iTuesday monthly technology meet-up. It also founded the Kickstart Monterrey and Kickstart Guadalajara seed investment programs.