Mexico's startup ecosystem is defined by major investments in its fintech and energy industries. Mexico City stands out as the primary hub for these emerging companies.
Fintechs like Kapital and Plata have secured substantial funding, with Kapital raising $471.1 million. The cleantech sector also shows strength through companies like VEMO, which has gathered $373.3 million.
Below is our list of 100 Mexico startups worth keeping an eye on.
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Get the Sheet for $50Kapital developed an all-in-one platform for businesses in Latin America to manage their finances and company spending. They provide corporate credit cards and financing tools that give teams better control over their expenses.
| Headquarters | Mexico City, Distrito Federal, Mexico |
| Year Founded | 2020 |
| Founders | Arjun Sethi, Eder Echeverria, Fernando Sandoval, René Saul |
| Funding Amount | $471.1M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Tribe Capital, Alumni Ventures, Y Combinator, Cervin Ventures, Pioneer Fund |
X-Bow Launch Systems develops and manufactures solid rocket motors and hypersonic technologies for the defense and space industries. The company focuses on producing modular and cost-effective propulsion systems for both government and commercial clients.
| Headquarters | Albuquerque, New Mexico, United States |
| Year Founded | 2016 |
| Founders | Jason Hundley, John Leary, Mark Kaufmann, Maureen Gannon |
| Funding Amount | $194.8M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Lockheed Martin, Lockheed Martin Ventures, Capital Factory, Crosslink Capital, Razor's Edge Ventures |
BabyQuip built a marketplace for renting baby equipment, making it easier for families to travel without packing bulky gear. Their platform connects parents with local providers who deliver items like cribs and strollers, and they also offer a professional cleaning service for baby gear.
| Headquarters | Santa Fe, New Mexico, United States |
| Year Founded | 2016 |
| Founders | Fran Maier, Kerri Couillard |
| Funding Amount | $10.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | SBI Investment, How Women Invest, SeedInvest, New Mexico Vintage Fund, Quake Capital Partners |
Meow Wolf creates large-scale, immersive art installations that blend storytelling with interactive exploration. Their unique entertainment experiences transport audiences of all ages into fantastic, explorable realms.
| Headquarters | Santa Fe, New Mexico, United States |
| Year Founded | 2008 |
| Founders | Benji Geary, Caity Kennedy, Corvas Brinkerhoff, Emily Montoya, Matt King, Sean Di Ianni, Vince Kadlubek |
| Funding Amount | $185.2M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Grant |
| Top Investors | Alsop Louie Partners, New Mexico Economic Development Department, Creative Startups |
Electronic Caregiver builds remote patient monitoring systems and personal emergency response devices for at-home care. The company's technology helps seniors and those with chronic conditions live safely and independently by connecting them to family and healthcare providers.
| Headquarters | Las Cruces, New Mexico, United States |
| Year Founded | 2009 |
| Founders | Anthony Dohrmann |
| Funding Amount | $74M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | New Mexico Vintage Fund |
Aviva has developed an AI-powered digital bank with a focus on serving underbanked consumers across Latin America. They use predictive analytics and machine learning to provide access to credit for people outside the traditional financial system.
| Headquarters | Mexico City, Distrito Federal, Mexico |
| Year Founded | 2022 |
| Founders | Amran Frey, David Hernandez, Filiberto Castro, Israel Garcia |
| Funding Amount | $21.5M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | 500 Global, Digital Currency Group, Covalto, IGNIA, Newtopia VC |
VEMO builds an integrated ecosystem for electric mobility, providing the vehicles, charging infrastructure, and technology for fleet management. The company helps transportation partners transition to and operate clean energy fleets.
| Headquarters | Ciudad Hidalgo, Michoacan de Ocampo, Mexico |
| Year Founded | 2021 |
| Founders | German Losada, Roberto Rocha |
| Funding Amount | $373.3M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Kapital, Covalto, OIC, Vision Ridge Capital Partners, Promecap |
Nova Compression delivers full-service compression solutions to customers throughout the oil and gas industry. They specialize in providing the necessary equipment and support for gas lift, wellhead, and other critical compression applications.
| Headquarters | Texas, San Luis Potosi, Mexico |
| Year Founded | 2007 |
| Founders | — |
| Funding Amount | $325M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | JP Morgan, OIC, First Citizens Bank, WhiteHawk Capital Partners, Bank OZK |
Plata has developed a financial technology platform that provides a credit card with a customized rewards program. The service is delivered through a mobile app, giving users direct control over their credit and personalized rewards.
| Headquarters | Mexico City, Distrito Federal, Mexico |
| Year Founded | 2023 |
| Founders | Danil Anisimov, Neri Tollardo |
| Funding Amount | $435M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt Financing |
| Top Investors | Fasanara Capital, Kora, Moore Strategic Ventures |
Mattilda builds a financial management platform designed specifically for schools to automate payment collections. The system simplifies administrative tasks, helping educational institutions better handle tuition, fees, and overall financial operations.
| Headquarters | Mexico City, Distrito Federal, Mexico |
| Year Founded | 2022 |
| Founders | — |
| Funding Amount | $89M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | QED Investors, Lendable, GSV Ventures, FinTech Collective, DILA Capital |
90 Additional Mexico Startups Worth Following
Our top picks are just a small part of the story in Mexico. Founders are building all kinds of companies, especially in fintech, and have collectively raised billions to grow their ideas. Many of these companies are just getting started, while others are already scaling fast. Here’s a look at the other startups shaping Mexico's startup ecosystem.