Sramana Mitra: A lot of these B2C trends are big in India as well. We cover India extensively. The Indian B2C market is more advanced than Latin America. A lot of these trends are very active trends in India as well. The commonality across all this is that the consumer logistics part is very broken
Jose Deustua: We also have a platform called Anvi. They teach English. Currently, we know that most people in Latin America are not good in speaking English. They need to speak English to progress in their work. Even though there are a lot of solutions about how to learn English, this platform is new in
Sramana Mitra: Is FinTech a sector that you have invested more in? This is a global trend. Hernan Fernandez: Yes. We were lucky enough to be in the middle of the FinTech wave. When we started the fund in 2013, we had no idea that we were going to see FinTech deals. When we started
Sramana Mitra: Talk about the companies. What problems are they solving? Jose Duestua: We have one startup that’s focusing on changing the way teachers teach in K12. In Latin America, we’re lagging behind in using technology in classrooms. This startup is trying to put all textbooks on a platform where you can learn from the
Sramana Mitra: You said you invest in Mexico, Chile, Peru, and Colombia. Are the angel investors also from all the four countries or are they all Mexican investors? Hernan Fernandez: We have a very broad base of angel investors that represents 15 nationalities. We do have investors from the US and Canada, but the core
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Jose Deustua was recorded in May 2019. Jose Deustua, Managing Director at UTEC Ventures, talks about Peru’s entrepreneurial ecosystem. Sramana Mitra: Let’s get to know you. Let’s get you introduced to our
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Hernan Fernandez was recorded in May 2019. Hernan Fernandez is Managing Partner at Angel Ventures Mexico, a firm that invests in Mexico, Chile, Peru, and Colombia. This is an excellent discussion on
Sramana Mitra: What are some of the highlights of recent companies that have crossed $5 million in revenues? Cristobal Perdomo: It’s hard to know the revenues unless you’re actually working with them. We’re starting to see more Series C investments that are over $10 million. Sramana Mitra: How many Series C’s have happened in the