Bridge was born between 2020 and 2021 from the collaboration of 10 entrepreneurs who initially started making angel investments. However, in mid-2021, they decided to scale their operation by creating an institutional fund that raised over USD $15 million destined for investments in early-stage startups throughout Latin America, from Mexico to Argentina, including Brazil.
Francisco García, Investment Associate at Bridge, who has a long history as a VC at firms like Dux Capital, explained exclusively to Contxto:
“These funds are intended for investments in pre-seed and seed stages throughout Latin America, covering from Mexico to Argentina, including Brazil. Thus, they cover all countries in LatAm and are not limited to Spanish-speaking countries alone.”
Despite being a young fund, Bridge has already made 18 diversified investments in Mexico, Colombia, Chile, Argentina, and Brazil, focusing on various industries, including fintech, edtech, logistics, cybersecurity, and more.
Bridge has clearly outlined its investment thesis focused on supporting startups with strong technological potential and scalability. On average, they invest around USD $300,000 in ticket sizes, ranging from USD $200,000 to USD $500,000. “Our focus is on companies that, thanks to technology, have the potential to become billion-dollar businesses or even trillion-dollar ones,” explains Francisco García.
More than the product or service, the fund’s attention is focused on the founders of the startups. “We believe in the principle of ‘first who, then how, then what‘ —continues García— which means we prioritize the people behind the idea before the product itself.”
Additionally, Bridge doesn’t limit itself to the initial investment. They have a follow-on strategy that strives to build an empathetic relationship with the companies they invest in. “This is reflected in how we differentiate ourselves from other funds, leveraging the value-add of having founders on our team and understanding their needs and challenges,” adds the investor.
One of Bridge’s major differentiators is its focus on founders. In fact, “eight out of the ten original partners of the fund continue to operate their startups, giving them a unique understanding of the challenges and opportunities that entrepreneurs face,” explains García. Prominent figures among them include Daniel Vogel, CEO of Bitso, and Federico Ranero, COO of Kavak.
Recently, Bridge has been working on enhancing its approach using data. The firm is investing in internal algorithms based on machine learning and AI, with the goal of predicting, with tangible information, which startups are more likely to succeed. This data-driven initiative reflects their ongoing efforts to stay at the forefront and optimize their investment strategy.
The Future of Bridge
Although they have already achieved significant milestones, Bridge is looking ahead. They are currently working on closing more investments to have a portfolio of 30 startups. Additionally, they are considering the creation of a new fund, although the details are still being defined.
Bridge’s commitment is to financial investment and investing in people, emphasizing founders before anything else. With this mindset and its innovative approach, Bridge positions itself as a force to be reckoned with in the Latin American VC landscape.
In conclusion, Bridge is synonymous with diversification and a founder-focused approach. Spanning a spectrum of sectors from Fintech and Logistics to Cybersecurity and Femtech, they are characterized by their industry agnosticism. However, a critical aspect that resonates strongly in their philosophy is the centrality of the founder. They seek to invest in companies with a solid technological core and the potential to scale into multimillion-dollar or even billion-dollar businesses.
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