5 min read

500 LatAm Welcomes Batch 17 Startups to its Somos Lucha Program

We selected 10 companies from Mexico, Ecuador, Colombia, Argentina and Peru out of 2,011 candidates.

Rene Lomeli

Venture Partner

Published

07.12.22

Last month, the LatAm team had the opportunity to meet face-to-face with our vibrant community of founders, investors, mentors and allies at our very first 500 LatAm Founder Summit in Valle de Bravo, Mexico. 

Over a period of three days, more than 160 attendees showed us how amazing and powerful the 500 LatAm family is. We had a full program of activities for founders, which included sessions on fundraising, scaling, leadership, and even work-life balance. It was a great opportunity for our portfolio companies to get together and share experiences.

The 500 LatAm team at their first founder summit.

Our first summit reaffirms our commitment to build more avenues for the Latin American startup ecosystem to network and exchange ideas. It also marked our 10-year anniversary in the region. Since 2011, our LatAm team has invested a total of more than $38 million in 250+ early stage companies in Latin America, including 99 minutos (Batch 3) and Konfio (Batch 4).

Our mission is to help the most talented Spanish-speaking entrepreneurs in Latin America build successful companies that leverage technology to scale through capital and know-how. That’s why we’re thrilled to announce our newest batch of companies in the Somos Lucha Program, which represents a 0.5% acceptance rate. The startups hail from Mexico, Ecuador, Colombia, Argentina and Peru.

Along with our investment comes a commitment from our team to support each founder in multiple areas, including legal, product, sales, growth, corporate culture, fundraising, and more. During four months, we tailor mentorship sessions based on the company’s needs. The program culminates on January 26, 2023 with Somos Lucha’s Demo Day.

Here are Batch 17 companies:

AlquiláTuCancha (Argentina): Sports Tech platform that promotes group sports practice and creates the ecosystem that connects sportsmen and sports centers.

Blau Corp (México): Platform that digitizes waste management companies to make them smarter and more profitable.

DataInt (México): Data-driven intelligence platform helping organizations to mitigate the security risks that their personnel and physical assets face in their operations.

Gigstack (México): Management and automation software for electronic invoicing for Mexican startups and companies, which reduces up to 90% the time spent on administrative tasks.

Mekan (Colombia): One-stop shop for the automotive aftermarket.

MIDAS (México): Digital payment solutions for cash users in Latin America.

Revie (México): Drives sales by easily collecting user feedback and User Generated Content for eCommerce platforms via WhatsApp.

TAXO (Ecuador): A tax automation platform for accountants and professionals.

TEDI (Perú): Edtech platform that enhances the talent of professionals in the construction sector, providing them with access to quality technological knowledge through live training by experts.

Wannabe (Colombia): Matchmaker platform for a company’s hiring needs and skills-verified tech talent.

Bienvenidos to the 500 LatAm family LatAm Batch 17! Todos Somos Lucha! 

 

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 Global”), 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 Global or any of its affiliates.
This post and site are intended solely to provide information regarding 500 Global and its programs. All content provided is for general informational or educational purposes only. 500 Global makes no representations as to the accuracy or completeness of the information contained herein and while 500 Global 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. Figures are approximated based on internal estimates as of 30 September 2022 and have not been independently verified.
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 by 500 Global or any of its affiliates or representatives. Further, no content or Information is or is intended as an offer to provide any investment advisory service or financial advice by 500 Global. Under no circumstances should any Information be construed as fund marketing materials by prospective investors considering an investment into any 500 Global investment fund. Inclusion as a presenting company in Demo Day does not necessarily confirm investment by a 500 Global fund or a 500 Global affiliate in such company. 
All logos and trademarks of third parties referenced herein are the logos and trademarks of their respective owners and any inclusion of such trademarks or logos does not imply or constitute any approval, endorsement or sponsorship of 500 Global by such owners. 

 

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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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