The Venture Codex

Participated · Series B · Oct 2025

Plata was founded in Mexico in 2023 by former top managers of Tinkoff and is led by CEO Neri Tollardo. In February the company received a banking license and began operating as a full bank. Plata has grown rapidly: annual revenue reached $600M and its credit portfolio expanded roughly 170% to nearly 10 billion pesos in 2025. The company has raised over $2 billion in combined equity and debt since inception and most recently secured a $405M financing that valued it at $5.0B. Leadership additions include the hire of Marcos Cantt as chief financial officer. Plata is considering an IPO as it continues to scale in Mexico's large underbanked market.

Participated · Equity · Apr 2022

Fetch is a rewards app that lets consumers earn Fetch Points and helps brands create lifelong customers. Led by CEO and founder Wes Schroll and based in Madison, WI, Fetch aggregates consumer purchase data using AI and machine-learning technologies. The company captures more than $152 billion in transactions annually; users have submitted over 5 billion receipts and earned nearly $910 million in rewards. Fetch plans to use the financing to expand on four axes: product innovation to enhance user experience and partner success, further development of its proprietary AI/ML technologies, investment in growing the app’s user base, and hiring talent to support hypergrowth. The app is available on the App Store and Google Play Store. Fetch Rewards is a consumer-rewards app that gives users rewards when they snap a photo of a receipt or submit an eReceipt, and it partners directly with brands to deliver those offers. Led by CEO and founder Wes Schroll, the app has 13 million active users who have submitted more than 2 billion receipts and earned more than $340 million in rewards points. The company works with over 500 global brands and recently surpassed $100 billion in annualized gross merchandise value (GMV). Fetch intends to use new funding to accelerate growth and continue building a digital loyalty and marketing platform. The company raised $240 million in equity and debt at a valuation of more than $2.5 billion, bringing total funding to over $500 million. The product emphasizes user engagement across grocery, retail, restaurant and online purchases by incentivizing submission of every receipt, paper and digital. Fetch Rewards operates a consumer-loyalty and retail-rewards app that lets shoppers earn free rewards by snapping photos of receipts or submitting electronic receipts. Led by founder and CEO Wes Schroll, the company launched in 2017 and is based in Madison, Wisconsin, with offices in Chicago, New York, and San Francisco. The app has been downloaded more than 19 million times and has nearly 7 million active users. To date Fetch has processed nearly a billion receipts and has delivered more than $120 million in savings to its shoppers. The company says it will use the newly raised funds to continue to expand operations and broaden its business reach. Total funding to date stands at $328 million following the latest round. Fetch Rewards is a consumer app that lets shoppers earn free rewards by scanning every receipt after they shop; the app finds savings and rewards for purchases. Founded in 2017 and led by founder Wes Schroll, the company has recorded more than 16 million downloads and over 5.5 million active users. Fetch has processed more than 700 million receipts to date and has delivered nearly $100 million in savings to its shoppers. The company is headquartered in Madison, Wisconsin and also maintains offices in Chicago, New York City and San Francisco. Financially, the company has raised $118 million in total funding to date. The product focus is on driving consumer savings and engagement through receipt scanning and targeted rewards.

Participated · Equity · Oct 2021

Aprende Institute is an online professional training platform that integrates technology and digital media with instructor-led classroom activities, tracking and monitoring student progress. It offers courses across five schools: Culinary Arts, Business & Entrepreneurship, Trade Skills, Beauty & Fashion, and Wellness, and has added shorter master classes. The company plans to use new funding to attract top-tier talent, strengthen its School of Business and Entrepreneurship, and expand its B2B division serving companies and institutions. Aprende reported more than 70,000 students enrolled and over 6x growth in the prior 24 months. It recently partnered with Univision to expand its presence in the US market. Aprende Institute offers Spanish-language certifications and courses across five schools: Culinary Arts, Business & Entrepreneurship, Trade Skills, Beauty & Fashion, and Wellness. The platform uses a hybrid model of live and self-paced classes so students can attend live sessions, learn on their own schedule, and chat with instructors. Aprende targets U.S. Hispanic and Latin American learners who want affordable career changes without pursuing a four-year degree and emphasizes teaching students how to monetize new skills. The company reports 30,000 enrolled students, has grown 6X, and employs 200 full-time staff across the U.S., Mexico, Colombia, and Argentina plus 200 full-time contractors. Aprende operates a recurring revenue model charging students $40–$60 per month and says over 90% of graduates reported life improvements while 56% generated additional income. Founder and CEO Martin Claure leads the company and has raised capital to propel its growth. Aprende Institute operates an online vocational training platform that offers courses in gastronomy, business and entrepreneurship, wellness, trade skills, and fashion/beauty while monitoring student progress and connecting teachers, tutors and learners. The company is Miami-based with operations in Bogotá and Mexico City and serves students across Spanish-speaking countries as well as US Hispanics. Aprende has served more than 25,000 students and is enrolling about 3,000 new students per month. The platform includes tools to track progress and prompts connections among instructors and learners to improve outcomes. Aprende plans to use recent funding to further develop its platform, build a digital community linking students, gig workers and freelancers, and expand into Chile, Peru, Argentina and Brazil. CEO and founder Martin Claure frames the product as a flexible, affordable vocational alternative aimed at training skills in demand in the labor market.