Alta Ventures Mexico Fund I Announces a US$70 Million Final Close (Latin America)

Source: Alta Ventures Mexico

Mexican venture capital fund Alta Ventures Mexico has announced the final close of its first Mexico-focused venture capital fund, Alta Ventures Mexico Fund I, with US$70 million in total commitments. The fund will focus on technology companies in sectors such as SaaS (software as a service), mobile, big data, healthcare, consumer, non-banking financing and education. The fund, which held a first close in February 2011, has raised capital from International Finance Corporation, Fondo de Fondos and the Multilateral Investment Fund (MIF), among others.