Contxto – Following a US$100 thousand investment from multinational tech giant Dell, Tec de Monterrey in Guadalajara plans to inaugurate Mexico’s first ever eSports training center. In Summary You may be wondering what an eSport training center entails or looks like. Well, instead of your typical workout machines or weights, this scheme is less physical […]
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Posted inMexico
Femsa acquires 30 percent of payment startup, Shopnet
Contxto – Last Monday, Femsa announced that it’ll be purchasing a 30 percent stake of Shopnet for an undisclosed amount. If you aren’t familiar with FEMSA, the Mexican multinational beverage and retail company operates the largest independent Coca-Cola bottling group in the world. It also owns the biggest convenience store chain in Mexico, the ubiquitous […]
Posted inVenture Capital
Meet Jalisco’s pioneer venture capitalist – Redwood Ventures’ Ian Paul Otero
Contxto – A few weeks ago, I spoke with my former colleague at Redwood Ventures, Ian Paul Otero. We spoke about Redwood’s history, best fundraising practices and what mistakes to avoid as an aspiring founder. Our conversation reinforced the potential of venture capital in Mexico. Continue reading to learn more! I: Let me begin by […]
Posted inDeals, Mexico, Startups, Technology, Venture Capital
Pitz, the amateur football app, raises US$300,000 from all-star investors
Contxto – Pitz, the amateur football league platform, is raising US$300,000 through the virtual venture fund, ArkAngeles. The company is already planning its expansion in U.S. and Latin American markets. It feels like yesterday when the Tapatio founders were pitching Canal Sony’s Shark investors. But make no mistake, these guys seem completely different now. Fortunately, […]
Posted inMexico
GoPro to move operations to Mexico due to increasing US-China trade tensions
Contxto – GoPro’s stock price ticked up after the company’s latest earnings report. Apart from revealing its first profitable quarter since 3Q 2017, the company announced it will move most of the camera production from China to Mexico. We are pleased to share that in the second quarter GoPro will increase production of cameras to […]
Posted inMexico, News, Startups, Technology
Beat is ready to compete for the Mexican private transport market, challenges other platforms’ margins
Contxto – Talk about risk-taking – last Wednesday, Beat became the latest company to join Mexico’s on-demand transportation industry. Now, Beat plans to recruit ten times more drivers in Mexico City than any other city in Latin America. Company officials want to turn the megalopolis into their largest, most important market. How will Beat accomplish this […]
Posted inMexico
Given the Fuel Shortage in Mexico, Cabify and EasyTaxi Partner Up
Our goal is to be a more inclusive platform, able to provide users with more options that fit their mobility needs, especially at times as crucial as those we are living right now. Jaime Aparicio, Cabify Mexico’s General Manager Contxto – Desperate times call for desperate measures. If you live in Mexico, you’ve probably noticed the 8-block […]
Posted inInterviews
An Interview with Hernán Fernandez from Angel Ventures
Meet one of the most influential investors in Latin America Contxto – Last Friday, I spoke to one of the most influential opinion leaders and investors in the Latin American startup ecosystem—that is according to TechCrunch—, Hernán Fernández, Founder and Managing Partner of Angel Ventures. He shared some of his experience, advice for founders, and […]
Posted inBlockchain, Cryptocurrencies, News, Technology
Cryptocurrency ATMs Popping Up Across Latin America!
Written by: Patricio Ortiz Contxto – Cryptocurrency, the well known, ultra-hyped asset class, has reached another peak in Latin America. Although Bitcoin and other major currencies fell to a bottom-low price last year, the hype does not seem to slow down. On their fight to become something more than a speculative trade, and more of […]
Posted inStartups
Gurú De Viaje Hunts the Best Travel Deals for the Spontaneous Nomads Out There
Contxto – Although flight-hunting started as a hobby for these three founders in 2014, it soon became a solid business when users started spreading the word. The entrepreneurs certainly liked to travel as lean and economically as possible. Now, finding the best discounts and bargains online is what Luis Delgado, María Fernanda Fernández and Óscar […]