5 min read

500 Global Unveils Batch 14 of Somos Lucha, As Investor Interest in Latin America Heats Up

The 10 companies hail from Mexico, Argentina, Colombia, the U.S. and Ecuador.

Rene Lomeli

Venture Partner

Published

27.10.21

Hot on the heels of 500 Luchadores III’s $17 million fund close, 500 Global is thrilled to share Batch 14 of our LatAm growth program. The 10 companies hail from Mexico, Argentina, Colombia, the U.S. and Ecuador–the first from that country to make it into our program. Transitioning to a fully remote program because of the pandemic has likely helped to attract more founders once again to our program from different corners of Latin America.

The 500 LatAm team in Mexico selected them out of more than 2,000 companies this past June. Knowing that time is of the essence for early stage founders, we challenged ourselves to speed up the approval process. Instead of a typical 15 weeks reply time, founders got a response from us in eight weeks.  

Over the past 10 years, 500 Global has, across all its funds, invested in 240 early stage companies in Latin America that have gone on to raise more than $1.5 billion. What we’ve observed is that founders are getting more sophisticated.

First, there are more success stories throughout Latin America. As of last month, venture capital investments reached $12 billion–more than the previous three years combined, according to PitchBook. This year, we saw two of our portfolio companies Clip and Konfio–both fintech–reach unicorn status. This is very encouraging to people who aspire to become entrepreneurs. 

Second, founders are accumulating experience. It is not unusual to find entrepreneurs who have worked at previous startups. 

Third, there are now many more avenues for networking and exposure–from communities and programs to bootcamps and mentorship. Founders are learning from each other. 

At 500, we’re thrilled to announce Batch 14 of Somos Lucha. The founders will be presenting their companies to investors at Demo Day on November 18th, 2021 from 11 am to 12 pm CT. To request an invitation, please apply here.

Bendo (Mexico): Mobile app that allows anyone to become an online store owner by providing free access to inventory, logistics, and tech.

Bitacora.io (Mexico): App that creates automatic reports for desk-less workers.

Bonum Coaching (Miami, Fl.):  Digital platform for personalized coaching that unleashes the development of leaders and businesses in Latin America.

MisFans (Mexico): Platform that helps creators build, grow and monetize their community.

Mujer Financiera (Argentina): Finance Education platform for women.

Picker (Ecuador): On-demand delivery Gateway for eCommerce.

Sioma (Colombia): The first tech ecosystem for tropical agriculture.

Wisepath (Mexico): Work-communication tool that helps companies to manage projects and grow.

Wombo Academy (Argentina): Monetization platform for gaming content creators.

Worknmates (Argentina): B2B Marketplace that helps companies implement hybrid or remote work efficiently.

 

¡Querido Batch 14, bienvenidos a la familia! #TodosSomosLucha

 

500 Global programs, investor education services, strategic partnership consulting services and events are operated by 500 Startups Incubator, L.L.C. (together with its affiliates, “500”), and the funds advised by 500 Startups Management Company, L.L.C. do not participate in any revenue generated by these activities. Such programs and services are provided for educational and informational purposes only and under no circumstances should any content provided as part of any such programs, services or events be construed as investment, legal, tax or accounting advice by 500 or any of its affiliates.
This post and site are intended solely to provide information regarding 500 and its programs. The views expressed here are those of the individual 500 Startups personnel, or other individuals quoted and are not the views of 500 or its affiliates. Certain information contained herein may have been obtained from third-party sources, including from portfolio companies of funds managed by 500. All content provided is for general informational or educational purposes only. 500 makes no representations as to the accuracy or completeness of the information contained herein and while 500 has taken reasonable steps to ensure that the information contained herein is accurate and up-to-date, no liability can be accepted for any error or omission.  In addition, this content may include third-party advertisements or links; 500 has not reviewed such advertisements and does not endorse any advertising content contained therein.
Under no circumstances should any information or content on this site or otherwise shared or presented as part of or in connection with any Demo Day, event, webinar, or other presentation (the “Information”), be considered as an offer to sell or solicitation of interest to purchase any securities. Further, no Information is or is intended as an offer to provide any investment advisory service or financial advice by 500. Under no circumstances should any Information be construed as fund marketing materials by prospective investors considering an investment into any 500 investment fund. Inclusion as a presenting company in Demo Day does not necessarily confirm investment by a 500 fund or a 500 affiliate in such company. 
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Rene Lomeli

Venture Partner

René is a Partner at 500 Global LatAm. He has helped over 100 startups scale and solve problems as part of the 500 Startups family and keeps things running smoothly at the accelerator in México City. Prior to joining 500 he facilitated 15+ Startup Weekends throughout Mexico. He loves to help others make things happen and always carries a kit of screwdrivers to repair any gadget that needs a little love and care. When not in the office he is training for his next marathon.

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