Newsletter 16th Edition

AMEXCAP
AMEXCAP Newsletter - Exclusively for Members
16th Ed., August 21, 2013
 
In this edition:
  • Transactions
  • AMEXCAP Members Only Forum (Sep. 3)
  • Mexico VC Day - San Francisco (Oct. 17)
  • Mexico's Private Equity Industry in the News
  • Recent Events
  • Third Party Forums
 
 
Transactions
  

Alta Ventures Mexico leads Series A round investment of US$2.45 million in Wanderu.

Alta Ventures Mexico (AVM) announced today an investment in Wanderu, the travel startup that makes finding and booking bus and train travel easier. Former CEO of Greyhound, Craig Lentzsch and AVM's partner, Rogelio De los Santos will be added to the board of directors. The $2.45 million closing round of funding includes strategic travel industry insider and Chairman of Orbitz, Jeff Clarke; Chairman of Her Campus, Bill Kaplan; Semyon Dukach, Drummond Road Capital, amongst others.

 

After initially partnering with 12 bus carriers, including BoltBus and Concord Coach Lines, Wanderu made its service publicly available in the Northeast of the US, where the platform has over 80% coverage including from major cities to remote college towns. "Our partnerships allow us to provide end users with up to date schedules, pricing, availability and facilitates the check out process", said co-founder and CEO Polina Raygorodskaya. 

 

Founded by Polina Raygorodskaya, Igor Bratnikov and Eddy Wong, Wanderu's goal is to deliver the easiest search and booking experience in ground travel. The company will use the capital to expand its coverage, scale its data systems and release new features. It is rapidly adding to its development team, which currently consists of eight engineers. The Wanderu data system, similar to middle layer technologies in the airline business, enables Wanderu to connect directly with partner's reservation systems. The system standardizes the schedule and pricing information from across the different sources by converting to Wanderu Unified Data Standards. 

 

Alta Ventures Mexico is focused on accelerating innovation in Latin America. Alta Ventures provides early-stage venture capital to innovative entrepreneurs in high growth sectors including mobile, SaaS, IT, clean tech, healthcare, education, security and consumer sectors.  Based in Monterrey Mexico, Alta Ventures focuses on Mexican and US companies with a Latin American strategy.  The Alta team has deep operational and investment experience on both sides of the border and an extensive international business network. (August 13, 2013).

  

 

Clip raises $1.5M to fund Square-like mobile payments in Mexico. Alta Ventures Mexico participated as investor, among others, in this round of funding.

Read more at: Venture Beat

AMEXCAP's Members Only Forum
 

  

Date: September 3, 2013

Location: Club de Empresarios Bosques, Cd. de México  

 

For the second consecutive year, AMEXCAP will host a forum exclusive for members of the association titled: "Actualizacion de Capital Privado para Administradores" which will focus on addressing current trends and challenges in the private equity market along the main stages of a fund's cycle. 

 

Keynote speaker: Carlos Ramirez Fuentes, President CONSAR

 

Topics will be presented by leading practitioners in the areas of fundraising and institutional investor asset allocation strategies, corporate and fiscal law, financial services, strategic and operational management and will be divided in the following panels:

 

  1. The fundraising scenario in Mexico
  2. Deal flow and investment environment
  3. Strategies to enhance the value of portfolio companies
  4. Exit alternatives
  5. Regulatory changes and impact in managing a fund
  6. Key elements in structuring vehicles in Mexico and abroad  

 

The forum will foster one on one meetings between advisors to the industry (AMEXCAP affiliates) and fund manager (associates).

 

We invite all members of AMEXCAP (complementary access for two members of each firm) to register on the following link were you will also find more details and the agenda for the forum: Registration link

 

Limited space.

 

The event is not open to non-members.

Mexico VC Day - San Francisco 2013
 

  

Date: October 17, 2013Mexico VC Day 2013

Location: Sir Francis Drake Hotel, 

San Francisco, California  

 

 

 

 

 

AMEXCAP is working with sponsors to bring together general partners, institutional investors, specialist service providers, policy makers, and industry players from Mexico and the United States to discuss opportunities and challenges for investment in the Mexican Venture Capital industry. 

 

Following the success of the recent event "Mexico PE Day New York City" (May 16, 2013) where 31 LP firms (managing +US$1.5 trillion in assets) attended and met with the Mexican Delegation of 24 GP firms and with regulators, government officials and advisory services firms, the upcoming event in San Francisco focusing on the Venture Capital Industry will update participants on the current state of the VC market in Mexico. 

 

The forum will bring together institutional investors from the United States and a delegation from Mexico and will offer the opportunity for organizations involved in the Mexican VC ecosystem to engage with new contacts and cement existing relations.

 

Registration fees:

 

AMEXCAP Members US$295.00

Non-members US$395.00

 

Download Agenda and Register on the following link: registration

 

Preferential room rates at the Sir Francis Drake Hotel:

Nightly rate US$259.00 plus tax

Reserve on the following link using Meeting Group Code 12300603751  hotel reservation

Mexico's PE, VC & RE Industries in Global and National News
  

 

Privcap: State of Mexico's PE and RE Market 2013

In partnership with Mexico's official private equity and venture capital association - AMEXCAP - Privcap brings you direct access to leading thought leaders in the Mexican market. You will hear directly from GPs and investment advisors about investment opportunities and challenges in Mexico, allowing you to better assess investment themes and partners and consumer market intelligence on your own time. All interviews are fully transcribed: link to videos

 

Real Estate Magazine: Overview of Mexico's PE Market, a contribution by AMEXCAP to the July 2013 edition of the magazine. Go to digital copy (Page 142): link to article

 

Entrepreneur Magazine: Article about VC firms in Mexico and funding opportunities for entrepreneurs:

Download digital article of the magazine

Recent Forums & Events: "Entrepreneur's Week (INADEM)"
  

 

The "Entrepreneur's Week" ("Semana del Emprendedor") (Aug. 6-10) was a business event organized by the Mexican Government through the Ministry of the Economy and the National Institute of the Entrepreneur (INADEM). During this week, entrepreneurs and micro, small and medium-sized businesses found a comprehensive offer of supports, incentives and programs to facilitate the formation and operation of more productive and competitive Mexican companies. 

 

AMEXCAP participated with an exhibit booth within the "Financial Culture and High Impact Entrepreneurship Ecosystem" section and received more than 1,200 visitors at the booth (entrepreneurs and businessmen).

 

The database of attendees will be available for AMEXCAP members upon request.

 

Also, within the Week, NAFIN carried out the "4th Venture Capital Forum" ("Foro de Capital Emprendedor") (Aug. 9), with the participation of all of AMEXCAP's VC members as panelists. More than 200 entrepreneurs participated throughout the event.

Upcoming Third Party Events:
  

 

LAVCA's Annual Summit & Investor Roundtable 2013

New York City

September 23-25 (Private Equity Program)

September 26 (Venture Capital Program)

Event website: here

 

AMEXCAP members receive 20% discount on full registration price. Contact LAVCA directly for more information.

  

EMPEA's Private Equity in Emerging Markets 2013

Unlocking Capital and Driving Returns in Emerging Markets

Presented by EMPEA and FT Live

15 October 2013

InterContinental Park Lane, London

More information: here 

If you would like to share a story, please reach out.
 
Kind Regards,
 
AMEXCAP

Mexican Association of PE & VC Funds

Upcoming AMEXCAP Events 2013

 

 AMEXCAP Members Only Forum, September 3

 
Mexico VC Day San Francisco, 
October 17
 
 
Third Party Events
 
LAVCA Annual Summit & Investor Roundtable, September 23-26 
New York
 
(AMEXCAP members receive 20% discount)  Link to event
 
EMPEA Emerging Markets Forum, London, October 15