TLDR:
- Hi Ventures, formerly known as ALLVP, has launched an AI-focused fund in Mexico.
- The firm has a strong track record in the Mexican investment market and has co-invested with top-tier global funds.
Hi Ventures, formerly known as ALLVP, has announced the launch of an AI fund in Mexico. The firm, which has a strong track record in the Mexican investment market, is renowned for its high returns and sophisticated portfolio. It has co-invested with top-tier global funds such as ACCEL, Sequoia, Tiger, NFX, QED, and Lightspeed. With a focus on technology, particularly AI, Hi Ventures is positioned as a key driver in the region’s tech sector, supporting companies in utilizing AI for innovation and growth.
The rebranding of ALLVP to Hi Ventures reflects the firm’s evolution and renewed focus on harnessing AI for regional technological advancement. 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 with over $300 million in assets. Its portfolio includes companies such as Flink, Nuvocargo, Flat, Mendel, Yana, Fintual, and Cornershop. The firm has gained recognition and investment from Mexican pension funds (afores) since 2014, indicating its impact and reputation in the investment community.
The launch of the AI-focused fund by Hi Ventures marks an important development in Mexico’s tech ecosystem. With its proven track record and strategic shift towards AI, Hi Ventures is set to play a pivotal role in shaping the technological landscape in Mexico and Latin America.
