Participated · Series A · Feb 2026

Cicada operates the first fully all-to-all electronic trading venue for emerging-market local-currency bonds, starting with Mexico’s $500 billion fixed-income market where roughly 98% of the daily $5–7 billion volume is still voice-traded. The platform offers a modern execution stack featuring a central limit order book, RFQ workflows, and proprietary protocols such as Spread Trading and Double Downs, enabling sophisticated, transparent execution for global buy-side and sell-side institutions. Registered with the SEC as an alternative trading system and a FINRA member broker-dealer, Cicada seeks to level the playing field and strengthen North-South capital flows. A dedicated strategic equity program brings leading Wall Street market makers onto the cap table to anchor early liquidity. Proceeds from its newest round will expand commercial efforts, boost liquidity, broaden product coverage, and deepen integrations with third-party platforms. The company also plans to launch an electronic interest-rate swap execution venue focused on Mexican TIIE, a market averaging $24 billion in daily trading. Continued investment in regulatory, compliance, and risk infrastructure is a priority as the firm scales across additional Latin American markets. The article does not disclose current revenue or user figures.

Led · Seed · Aug 2024

BUO offers an AI-driven platform that centralizes existing employee data, collects new information, and provides predictive insights into employees' skills, behaviors, and operational performance. Founded in 2020 and based in Mexico City, the company serves a client base of over 40 companies, including five Fortune 500 companies. Its product focuses on talent management and predictive tools to help businesses attract, retain, and develop top talent. The company plans to use the new funding to enhance its technology, specifically improving its predictive capabilities. The article does not disclose revenue or other financial metrics beyond the seed raise and client counts.

Participated · Series A · Jul 2023

Mattilda offers a software-as-a-service platform that digitalizes tuition collection, reduces payment delinquency and unlocks working capital for private schools through factoring of future cash flows. The company positions itself as a bridge between education and sophisticated financial services, helping schools stabilize cash flow so they can focus on delivering quality education. Its solution is currently used by roughly 240,000 users in Mexico, Colombia and Ecuador. Management plans to broaden the product suite, speed growth in existing markets and pursue strategic acquisitions. These initiatives are being fueled by a recently secured $50 million credit line and a prior $10 million equity infusion. By combining technology, data and a social-impact orientation, Mattilda aims to become the region’s leading financial partner for the education sector.

Led · Seed · Apr 2023

Pacto builds a cloud-based point-of-sale (POS) platform with integrated payments tailored to restaurants and bars. Its software offers a range of payment options and tools to help merchants manage operations and increase revenue and tips. The company said it will use the new funding to accelerate growth and continue developing market-leading products for small merchants. Pacto has stated a goal of winning the Mexican point-of-sale market for the restaurant industry. The seed financing brings Pacto's total raised to $6 million and was announced in March 2023. Pacto was founded in 2021 and is headquartered in the U.S. with an office in Mexico City.

Participated · Series B · Nov 2022

Cobee builds a benefits ‘superapp’ that lets employees browse, select and redeem workplace benefits via an app and physical or virtual payment cards, with automatic payroll integration. The platform covers meals, transport, nursery, training, gift cards, rent, life and health insurance and plans to add broader wellness options. Cobee serves around 800 customers across Spain and Portugal and reports revenues growing 3x this year. User engagement is high: the company says almost every user accesses Cobee monthly and card usage averages about 10 transactions per month. Founded in 2019 and based in Madrid, Cobee will use new funding to expand into Spanish- and Portuguese-speaking Latin American markets beginning with Mexico, and into other Southern European countries. The company has not disclosed a valuation. Cobee provides a mobile-first employee benefits platform that lets employees easily access perks and enables employers to individually tailor benefits packages. Within three years since founding the company has won clients in Spain including Glovo, Petronas, Avis, Tripadvisor, N26, and Booking.com. Earlier this year Cobee expanded to Portugal and reports faster growth there among larger firms compared with Spain. With the new funding the company plans further European expansion and aims to double its portfolio of benefits, prioritizing financial products and health and well-being. Cobee raised €14 million in a Series A round led by Balderton Capital with follow-on investment from Speedinvest, Target Global, Encomenda, Lanai and several angel investors. Balderton’s Suranga Chandratillake highlighted Cobee’s role in improving employee wellbeing and retention. Cobee is a Spanish fintech that provides an employee benefit management app paired with a Cobee payment card to redeem benefits. The platform centralizes benefits and discounts so employees can consume compensation and perks on demand. Cobee emphasizes higher engagement than many existing employee benefit programmes and reduces HR administrative overhead through a fully digital, automated solution. Current offerings include meals, transportation, childcare, health insurance and training courses, with gym memberships and other options coming soon. The company targets firms of all sizes but focuses on employers with 50–5,000 employees and counts customers such as Petronas, Avis Budget Group, Opinno, Glovo and Willis Towers Watson. Its business model charges companies a SaaS fee per active employee and pursues a success-based approach while monetizing a purchasing-volume marketplace. Cobee provides a technology platform, app and employee VISA card to simplify, automate and manage corporate flexible compensation and social benefits without intermediaries. The platform lets employees pay for meals, transport, childcare, training and health insurance, with costs deducted from gross salary at month-end. Cobee’s model permits pay-as-you-go use (no pre-funded balances) and a digital interface that shows consumption and tax-equivalent savings, which the company says can equal up to a 15% salary increase for employees. The service reduces manual administrative work for employers while increasing employee adoption and satisfaction. Founded in November 2018 by Borja Aranguren and Daniel Olea, Cobee had operated for almost a year at the time of the raise. The company plans to continue improving automation and technological integration of its platform and to accelerate growth as a reference partner for corporate flexible compensation.