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The startup scene across Mexico

Where startups are forming across Mexico: the cities, accelerators and investors, and how you get close to them.

Region
North America
Population
126,190,788
Currency
MXN
Fig. 1261 · Agave

The ecosystem

StartupBlink’s 2026 index places Mexico fifth in Latin America and the Caribbean and 47th globally, with a score of 5.845 and estimated ecosystem value of US$45.2 billion for 2026. INEGI counted 126,014,024 residents and reported a median age of 29 in the 2020 census; these are dated population figures.

StartupBlink attributes 57.1% of measured national startup activity to Mexico City in 2026. Startup Genome separately reports US$8.4 billion in the city’s tech-startup VC funding for 2021–2025 and US$966 million in seed and Series A funding for H2 2023–2025; these are city-level measures.

Sectors and strengths

ANDE describes Guadalajara as a technology hub, links Chihuahua and Ciudad Juárez to export manufacturing, identifies tourism and services in Mérida, and names footwear and manufacturing in León.

As of . Official information. Source: Ecosistemas de emprendimiento en México: Diagnóstico de 10 ciudades

Tec de Monterrey reports 28 supported spin-offs originating in institutional science projects. It describes spin-offs, direct licensing, and company co-development as commercialization routes, and names Global Nano Additives, Forma Foods, and Naddon as supported companies in industrial lubricants, lab-grown meat, and controlled drug release, respectively.

As of . Official information. Source: The Tec de Monterrey office that brings science to market

Hubs and regional differences

StartupBlink ranks Mexico City second regionally and 63rd globally among cities in 2026, and attributes 57.1% of national startup activity to it. Endeavor counted 63 venture-capital funds in its Mexico City comparison, versus 12 in Monterrey.

As of . Official information. Source: Analysis of Latin America & Caribbean Startup Ecosystems; Scan Monterrey 2026: El reto de escalar

Endeavor counted 153 technology startups founded in Monterrey since 2015; 74% of the mapped group remained microenterprises and 3.9% had grown beyond 50 employees. In its scan, 61% of surveyed founders identified corporate access as an advantage, while 87% of those seeking capital described it as little or not accessible.

As of . Official information. Source: Scan Monterrey 2026: El reto de escalar

ANDE’s 2026 ten-city diagnostic assigned Guadalajara 65 points, Chihuahua 53, León 46, Hermosillo 40, Ciudad Juárez and Mérida 39 each, San Luis Potosí 35, Zacatecas 32, La Paz 31, and Oaxaca 30. The report also identifies digital connectivity and CIAD in Hermosillo, IPICYT in San Luis Potosí, CIMAT in Zacatecas, and CIBNOR blue-biotechnology research in La Paz.

As of . Official information. Source: Ecosistemas de emprendimiento en México: Diagnóstico de 10 ciudades

Notable companies

TechCrunch describes Kavak as a Mexico-based used-car e-commerce platform and reports valuation labels of US$8.7 billion after its 2021 Series E and US$2.2 billion in April 2025.

As of . Official information. Source: Here are Latin America’s biggest startups based on valuation

El Economista, citing TTR Data, lists 2025 venture transactions for Plata Card at US$250 million, Clara at US$70 million, aviva at US$50 million, and Eden at US$22 million; each is labeled Mexico.

As of . Official information. Source: Venture Capital en México cayó en monto y transacciones en 2025

Capital providers

El Economista, citing TTR Data, reports 73 Mexican VC transactions worth US$1.518 billion in 2025, down 14.12% in count and 9.35% in value from 2024. The article reports US$1.674 billion across 85 transactions in 2024 and US$1.046 billion across 114 in 2023; LAVCA separately says Mexican startups held Latin America’s largest VC-dollar share in 1H 2025, surpassing Brazil for the first time in 15 years.

As of . Official information. Source: 2025 LAVCA Startup Ecosystem Insights; Venture Capital en México cayó en monto y transacciones en 2025

Angel Ventures describes itself as a Mexican VC with a Latin American market, investing from early stage to early growth and leading Seed and Series A rounds. It reports two funds, one in divestment, and invites founders to submit projects for investment-team review; Amplifica Capital seeks women entrepreneurs, focuses on Pre-Seed while considering Seed and Pre-Series A, reports US$100,000 to US$500,000 tickets, and names Agtech, Fintech, Climate Tech, and women’s health as special-interest sectors.

As of . Official information. Source: Angel Ventures; Amplifica apply for investment; Amplifica investment process; Sobre Amplifica

AMEXCAP describes itself as a nonprofit private-capital and venture-capital industry association founded in 2003. Its 2025-updated figures list more than 80 member firms across venture capital, growth capital, private credit, real estate, infrastructure, and energy, including 24 VC and six corporate VC member funds.

As of . Official information. Source: AMEXCAP

Startup support programs

InnovaUNAM describes selecting university-community projects using technical, financial, market, social, and environmental viability criteria. Its 2026 instructions direct applicants to read the call, prefill forms, and begin through an incubator; application availability was not established.

As of . Application availability not verified. Official information. Source: InnovaUNAM call 2026

For investors

TTR Data’s account reports lower Mexico VC transaction value in 2025 than in 2024, while LAVCA says Mexico held the region’s largest VC-dollar share in 1H 2025. Treat Mexico labels on individual transactions as distinct from verified company origin, and assess city-level evidence separately from national totals.

As of . Source: 2025 LAVCA Startup Ecosystem Insights; Scan Monterrey 2026: El reto de escalar; Venture Capital en México cayó en monto y transacciones en 2025

Constraints and recent changes

ANDE’s ten-city sample averaged 19.6 diagnostic points for financing, compared with 47.5 for policy and 49.9 for human capital. OECD separately reports that 10.7% of Mexican MSMEs obtained financing in 2023; this is an MSME financing measure.

As of . Official information. Source: Ecosistemas de emprendimiento en México: Diagnóstico de 10 ciudades; Financing SMEs and Entrepreneurs 2026: Mexico

Startup ecosystem standing

Where Mexico ranks

Rankings that list Mexico
RankingEditionPositionSince last editionTrustWhat it measures
Global Startup Ecosystem Index (countries)2025#43No prior editionBEcosystem, Activity, Finance, Business Climate
Global Innovation Index2025#58Down 2AInnovation, Competitiveness, Research, Talent
Bloomberg Innovation Index2019#59No prior editionBInnovation, Research
Doing Business (Ease of Doing Business ranking)Doing Business 2020#60Down 6BBusiness Climate
IMD World Competitiveness Ranking2026#62Down 6BCompetitiveness, Business Climate, Performance
Positions come from each publisher's edition. Open a ranking for its method and trust notes, or an edition for the full list.

365 organizations with a profile

Who's based in Mexico

Investors 259

FEMSA logoInvestor

Transforming lives through innovation in Latin America.

Merama logoInvestor

Accelerating e-commerce growth in Latin America.

New Ventures logoInvestor

Empowering impact-driven enterprises in Latin America.

The 3 most prominent of 259. Browse all investors

Venture studios 45

Fundamental logoVenture studio

Empowering microbusinesses through technology.

KLAB logoVenture studio

Creating high-potential businesses through innovation.

The 3 most prominent of 45. Browse all venture studios

Accelerators 35

WORTEV logoAccelerator

WORTEV is a venture capital and business ecosystem based in Mexico City, focusing on fostering entrepreneurial growth and business development through…

Emprelatam logoAccelerator

Emprelatam is a Mexico City-based accelerator that supports Latin American entrepreneurs through various startup programs, including bootcamps and…

StartupMexico logoAccelerator

StartupMexico is an organization based in Mexico that fosters innovation and entrepreneurship by supporting the development of startups and enhancing…

The 3 most prominent of 35. Browse all accelerators

Incubators 26

FundacionActiva logoIncubator

Empowering economic potential through community and mentorship.

Ciinova logoIncubator

Innovating construction and renewable energy solutions.

The 3 most prominent of 26. Browse all incubators

Pick what describes you

Your way in

City guides

Cities in Mexico

The largest 4 of 13 published city guides.

Browse cities in Mexico

Questions about Mexico

How does Mexico rank as a startup ecosystem?

Its best position is #43 in StartupBlink Index (countries) (2025). It appears in 5 published rankings; the table above lists each one.

How many startup investors are based in Mexico?

259 investors based in Mexico have a profile here, including FEMSA, Merama and New Ventures. The real number is higher.

Are there accelerators or incubators in Mexico?

Yes. Mexico has 35 accelerators, 26 incubators and 45 venture studios on record, including WORTEV, FundacionActiva and Kolab Ventures.

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