Venture Capital announces more than 300 million dollars in investment

Monterrey, NL.- The entrepreneurship festival promoted by the Tecnológico de Monterrey concluded its tenth anniversary; incMTY has become the most important economic vehicle in Latin America for the generation of business opportunities.

Proof of this was that this year the festival broke its own record by presenting and announcing more than 300 million dollars in venture capital investment. Likewise, new projects from the public sector and the private initiative were presented for more than 2.6 billion dollars in foreign direct investment (FDI) for Nuevo León.

Rogelio de los Santos, president of the Tec’s Eugenio Garza Lagüera Entrepreneurship Institute, commented that “there is much to build and contribute to the world, but incMTY today is already a powerful platform where opportunities and innovation multiply.” .

The Japanese air conditioning company, Daikin Industries, announced an investment of 300 million dollars. As of 2022, the company together with incMTY, work for innovation in the HVAC industry (Heating, Ventilation and Air Conditioning, for its acronym in English).

Through the entrepreneurship challenge ‘incMTY Disrupt Air Challenge’, the participation of 70 disruption projects was achieved, the three winning teams were: SolarX (first place), Flair (second place) and Bono (third place).

On the other hand, the capital fund Proeza Ventures, announced an investment of 50 million dollars in 15 startups related to mobility issues. Their mission is to discover visionary entrepreneurs and build startups that transform the mobility industry to create a more sustainable world.

In turn, the German Society for International Cooperation (GIZ) will allocate 15 million dollars to the Catalyst – Climate Fund.

The venture capital fund Nekko Capital, based in Barcelona, ​​Spain, announced its ‘Seed Capital Fund’ with an investment of 10 million dollars, aimed at early-stage companies.

The 99 startups venture capital fund seeks to finance pre-seed and seed stage startups. He announced his participation in an investment round in Cuéntame, a platform with artificial intelligence that provides the right wellness resource for each person and three family members, according to their level of stress and time of life; With this they will seek to consolidate their presence in Mexico, Colombia and Chile.

Alaya Capital. The venture capital fund of entrepreneurs for entrepreneurs located in Chile, is about to raise its third fund and expects to reach 80 million dollars to invest approximately 1 million dollars in at least 25 startups that are in the regional scaling stage. They have funded companies like Betterfly, Lemon and SixClovers.

In this edition, the ecosystem of Mexico and Latin America interacted and developed opportunities through a capacity of more than 5,000 people and another 5,000 who will attend the event virtually; more than 300 national and international speakers; 50 venture capital and corporate venture capital firms within the ‘Founders & Investors Summit and Corporate Innovation and Venturing Forum’.

As well as key actors from more than 20 countries representing the ‘five-fold helix’ (entrepreneurs, investors, academia, governments and private initiative) with 406 activities; and on-demand content hosted on the Whova App (available until December 9).