Recent events provide evidence that the development of the Mexican entrepreneurial ecosystem continues with no pause. One event was that in the last two weeks two Mexican startups – Kueski (short-term online loans) and Cornershop (online grocery shopper) – raised interesting Series A rounds at sizable sizes for Mexico with investors from the US leading or participating in the rounds. [I had a recent interview with Adalberto Flores from Kueski, previous to the announcement of the investment, that you can read here.]

The other event, probably more transcendental, was that AMEXCAP – the Mexican Private Equity and Venture Capital Association – appointed a VC guy, Alonso Diaz, as Chairman last week. This is the first time in its more than 10 years than a representative from the venture world leads AMEXCAP. Continue reading →