Latin Idea Mexico Venture Capital Fund III


Last updated 13 May 2020, by Impactyield.

Edit this fund

Fund III is the fourth fund under management for Latin Idea, since 2000. Fund III makes mid- to later stage venture capital investments in Mexican SMEs in the Technology, Media, Telecommunications and Service Industry with a potential for exit within a four to five-year time frame. Given that SMEs are important engines of employment creation and economic growth but typically face a severe shortage of capital, the Fund visualizes the opportunity to drive a positive social, technological and environmental impact upon its investments

Financial description

Fund III is a growth-oriented investor in small and middle emerging companies throughout Mexico, where up to US$15 million of capital will provide a company with the ability to reach new levels of sales volumes, technology deployment, market share and product offering. Fund III targets companies that are operational and are generating annual revenues of at least US$3 million. Other than in a rare compelling circumstances, Fund III does not expect to invest in any non-revenue generating companies or start-ups without operating history. The Expected Gross IRR of Fund III is above 30%.
Latin Idea currently manages 5 portfolio companies in the TMT sectors: RedIt, Interfactura, SaberLite, Tecnoidea and ScreenCast. For more detailed information please visit:
Fund III is making investments with the potential to realize superior capital appreciation in what remains an under-invested sector in Mexico. Fund III is an early mover in Mexico’s growing venture capital industry, meeting the capital needs of technology-driven small and middle market companies (“SMEs”) that are well positioned in the TMT and services sectors in Mexico (the “Target Sectors”) and that have the potential to create a positive impact in their communities and environment around them.

13 years

of track record


the year funded

100,000,000 USD


Asset manager

Latin Idea Ventures


Headquarters location:

Warning: Invalid argument supplied for foreach() in /var/www/html/wp-content/themes/labstrap-child/single-funds.php on line 239

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Ensure public access to information and protect fundamental freedoms

Double the improvement in energy efficiency

Expand and upgrade energy services for developing countries

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase access to financial services and markets

Universal access to information and communications technology

Key performance indicators

Fund overview

Asset manager: Latin Idea Ventures

Product track record: Fund has 13 years of track record

Target IRR: 27%

Committed Capital: 30,500,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: ,

Inception year: 2010

Vintage year: 2011

Target region: , , ,

Target close date: 01/06/2012

Product term: 10 years + 2x 1 year ext

Assets under management: 100,000,000 USD (US Dollar)

Investment size: Min: 3,000,000; Max: 15,000,000; Avg: 9,000,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 2%

Carried interest: 20%

Hurdle rate: 8%%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Pension Funds, Other Institutional Investors


E-mail: n.a.


Phone number: +52 (55) 2973-3030

If you wish to have your details removed from this database please email

Alex Rossi

Managing Partner

Humberto Zesati

Managing Partner

Impact Performance


Impact thesis

Latin Idea is convinced that its position as a leader in the Venture Capital industry in Mexico is a unique opportunity to contribute to the development of the country by focusing on the underserved market of SMEs that are currently not addressed by the government, financial institutions or other international investors.
Fund III investments look to have a positive social and environmental impact. As a principle, Fund III will focus on job creation, technological access, social responsibility and target energy saving and clean technology subsectors.
Latin Idea believes that every company in its portfolio, as well as any future company that will be part of the Fund’s III portfolio, has the potential to create a positive impact in their communities and in the environment around them.

Impact Management


Financial benchmark

Term Description:


Request information about this fund