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Hi Ventures launches AI fund in Mexico
Contxto
January 24, 2024

Since its inception, Hi Ventures has emerged as a prominent player in the Mexican investment market, renowned for its high returns and sophisticated portfolio. The firm has co-invested with top-tier global funds such as ACCEL, Sequoia, Tiger, NFX, QED, and Lightspeed. Its focus on technology, particularly AI, positions it as a key driver in the region’s tech sector, supporting companies in utilizing AI for innovation and growth.

Jimena Pardo, Co-Founder and Managing Partner of Hi Ventures, emphasized the potential of AI in Mexico, noting the opportunity to utilize local data for services that enhance daily life. María Ariza, director of BIVA, expressed her support for Hi Ventures, aligning with BIVA’s goal to be a catalyst for growth in Mexican companies.

Hi Ventures currently manages four funds, totaling over $300 million in assets. Its portfolio includes companies such as Shinkansen, Nuvocargo, Senzai, Yana, Fintual, and Cornershop. Since 2014, Mexican pension funds (afores) have invested in three of Hi Ventures’ funds, indicating the firm’s impact and reputation in the investment community.

The launch of this new AI-focused fund by Hi Ventures marks an important development in Mexico’s burgeoning tech ecosystem. With a proven track record and a strategic shift towards AI, Hi Ventures is set to play a pivotal role in shaping the technological landscape in Mexico and Latin America.

Jimena Pardo & Federico Antoni, Managing Partners at Hi Ventures

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Hi Ventures launches AI fund in Mexico