Jaguar Ventures is now Wollef and looking to raise $ 100 million for its third fund

The Mexican fund Jaguar Ventures , based and directed by Eric Pérez-Grovas and Cristóbal Perdomo, specialised in financing early-stage startups and the one Mexican VC with 4 unicorns in its portfolio, introduced its identify change to Wollef. As well as, it is going to open the elevating of its third fund, with which it seeks to lift 100 million {dollars} earlier than the primary quarter of 2022.

In its portfolio this Mexican VC has the unicorns Kavak, Konfío, Loft and Nubank; in addition to startups with nice potential comparable to Ben & Frank, Conekta, Foodology, and Jeeves, amongst others.

This modification marks the start of a brand new stage with a reputation that higher responds to its values and imaginative and prescient of constructing and strengthening the entrepreneurial ecosystem in Mexico and Latin America.

Wollef is impressed by the wolf, an animal that hunts in teams in an aggressive, truthful and trustworthy method. We spend money on enterprising alphas who danger all of it and who settle for us as a part of their pack.

^{Eric Pérez-Grovas, co-founder and Normal Companion of Wollef.}

^{Eric Pérez-Grovas, co-founder and Normal Companion of Wollef. Picture: Courtesy.}

In 2014, the agency obtained its first fundraising with a fund of 9.3 million {dollars} , with which it started funding Mexican startups. This was adopted in 2019 by a second fund with which it raised $ 22 million . For its third fund , open from November this 12 months and anticipated to shut within the first quarter of 2022, it has a goal of $ 100 million. To this point, it has funded 31 corporations, 10 of them primarily based in Mexico, 19 overseas corporations that see our nation as a key market to spice up their enterprise and two overseas corporations that function exterior this territory.

Perceive the wants of the Mexican ecosystem

Eric Pérez-Grovas , who opened operations in 1999 and was the primary director of MercadoLibre in Mexico, co-founder and President of the Mexican Affiliation for On-line Gross sales; in 2013 he joined Cristóbal Perdomo , a part of the founding staff of startups of nice significance within the ecosystem comparable to Groupalia , which was offered to the Brazilian Peixe Urbano; and Navent, an organization that, amongst others, has the Inmuebles24 and Bumeran manufacturers.

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As a part of key corporations within the Latin American digital trade, Eric and Cristóbal understood the wants of the ecosystem when it was simply starting to take form. This primary imaginative and prescient allowed them to seek for and discover entrepreneurs who required this work facet by facet; along with the information to use its full potential. His work is a elementary a part of the event of the Mexican digital trade.

Work facet by facet with the entrepreneur

“Our new identify responds extra strongly to this imaginative and prescient of teamwork , facet by facet with entrepreneurs. We spend money on groups led by extraordinary entrepreneurs, they’re the alphas that remodel and alter industries. We realized that the one who wins is the one who makes a herd ; and we’re very lucky to realize the belief of world-class entrepreneurs who settle for us of their herd and worth what we convey to the desk, ”says Pérez-Grovas.

Wollef has been the absolute best associate for us since his audacious first funding, once we had every little thing in opposition to him. They’re true companions and their assist is invaluable by way of many tough choices, together with our merger with Kavak, and now main a world transformation.

^{Jaime Macaya and Juan Cruz de la Rúa – Kavak (Checkars)}

Wollef offers an entrepreneur-to-entrepreneur imaginative and prescient and expertise ; and an understanding of the challenges of the Mexican market for Latin American startups that see Mexico as a key a part of their plans and a long-term dedication.

“ What distinguishes us is our closeness to entrepreneurs , we’re really a member of the staff, our expertise is a bridge that connects very strongly. Wollef’s precept is to not create work for the entrepreneur, however to take weight off of him . The equation is: if we assist the founder to hold out his imaginative and prescient, that can generate a terrific enterprise and subsequently a wonderful return. Our consumer is the entrepreneur and it’s due to him that we may give a terrific return to our traders “

^{Cristóbal Perdomo, co-founder and Normal Companion of Wollef.}

^{Cristóbal Perdomo, co-founder and Normal Companion of Wollef. Picture: Courtesy.}

Wollef is the one VC in Mexico with whom we determined to associate. They’ve an area digital ecosystem like no different. They helped us to recruit the most effective candidates and from them we get hold of wonderful contributions to the event of our enterprise.

^{David Arana, founding father of Konfío.}

The area is experiencing a time of nice attractiveness for funding capital, in response to knowledge from the Latin American Enterprise Capital Affiliation ( LAVCA ), which signifies that within the first three quarters of 2021 a file funding was registered in enterprise capital in Latin America, reaching 11.5 billion {dollars} , nearly triple the 4.8 billion {dollars} that have been invested in all of 2020.

The place the wolf units his eye …

• Wollef has invested in 31 corporations: 10 of them primarily based in Mexico, 19 extra overseas corporations that see a key market in our nation and the remaining two from different nations with operations exterior of Mexico.
• 4 of the businesses that Wollef funded have exceeded the person valuation of $ 1 billion, together with the primary Mexican unicorn: Kavak; along with Nubank, one of many 10 most useful unicorns on the planet, valued at 30 billion {dollars}; Loft, the tenth most useful startup within the residential actual property sector globally, and the primary exterior america and China; and Konfío, the main fintech firm in Mexico.
• The unique traders have benefited from the return of 1/3 of fund 1; in flip, with the revaluations of this fund it’s aimed to return 5x and of the fund two 7x of the invested.
• Inside its experiences, it stands out that 90% of the traders in its first fund reinvested within the second, and that in fund 2, along with household places of work and people, institutional traders joined.
• Wollef has traders representing greater than 12 nationalities, and has invested in entrepreneurs representing greater than 16 nations
• For Fund III, open as of November, Wollef has a goal of $ 100 million, and plans to shut it within the first quarter of 2022.