Proeza Ventures, a Mexico-based venture capital firm backed by agribusiness, mobility and plastics conglomerate Grupo Proeza, has launched with a $50m first fund.
Founded in 2019, Proeza Ventures will invest in mobility technology developers at series A and B stage, providing roughly $500,000 to $2m for each first investment and additional capital for follow-on deals. It expects the first fund to back between 12 and 15 portfolio companies.
Grupo Proeza’s businesses include automotive components manufacturer Metalsa, and Proeza Ventures will leverage the group’s global operating presence, network and mobility expertise to support entrepreneurs.
The firm’s portfolio so far includes in-wheel motor developer Indigo Technologies and a micromobility technology startup that is still operating in stealth mode. It has also backed the latest fund raised by mobility-focused VC firm Autotech Ventures.
Proeza Ventures’ managing director, Rodolfo Dieck, said: “Our mission is to discover and invest in visionary founders building early stage startups transforming the way in which we think about mobility and with whom we can partner to make a more sustainable world.”