Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Cometa is a venture capital firm founded in 2012, originally established as VARIV Capital by Diego Vargas, Ernesto Vargas, and Rafael de Haro. The firm is headquartered in Mexico and focuses on early-stage technology companies targeting Spanish-speaking markets globally. In 2019, Cometa rebranded from VARIV Capital, reflecting its commitment to investing in technology sectors across Latin America and Spain.
As of now, Cometa manages approximately $100 million in assets under management (AUM) and has invested in a total of 44 companies. The firm operates primarily in Europe, Latin America, and the United States, with a notable presence in the fintech, SaaS, e-commerce, healthcare, and edtech sectors. Cometa's investment strategy is designed to drive innovation and financial inclusion in these regions.
Cometa's investment strategy emphasizes early-stage technology companies, particularly in sectors such as fintech, e-commerce, and SaaS. The firm targets processes that involve medium to high human intervention and focuses on industries where data is critical. Cometa aims to invest in companies that create potentially proprietary data and are positioned at the intersection of significant human interaction and high data criticality.
The firm primarily invests in Spanish-speaking markets, including Latin America, Spain, and the United States. Cometa's check sizes typically range from $1 million to $3 million, particularly at the seed stage. The firm is also expanding its focus into health and education verticals, indicating a broader interest in sectors that can benefit from technological advancements.
Cometa has invested in a variety of notable companies, including:
The portfolio includes a mix of B2C, B2B, and B2B2C business models across various stages of investment, showcasing Cometa's diverse investment approach.
Diego Vargas: Co-Founder; background in venture capital and entrepreneurship.
Ernesto Vargas: Co-Founder; expertise in investment strategies and market analysis.
Rafael de Haro: General Partner; attorney and investment banker with experience in technology investments.
José Bolaños: General Partner; focuses on strategic investments in technology sectors.
Patrick Menendez: Principal; specializes in early-stage technology investments.
Abel Bezares: Principal; involved in deal sourcing and portfolio management.
Begoña Ortiz: Principal; focuses on operational support for portfolio companies.
Lucila Esteve: Platform Analyst; assists in market research and analysis.
Nico Marseillan: Principal; works on investment strategy and portfolio development.
Carmen Martínez: Office Manager; oversees administrative functions.
Daniel Owen: Senior Analyst; involved in due diligence and investment analysis.
Juan Carlos Vera: Accounting Manager; manages financial operations.
Michelle Zayed Atallah: Operations Manager; supports operational efficiency within the firm.
To pitch to Cometa, founders should use the contact form available on their website. It is important to include a comprehensive deck that outlines the business model, market analysis, and team qualifications.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
In early 2024, Cometa is in the process of closing Fund III, targeting $100 million, with the Inter-American Development Bank (IDB) as a limited partner.
Cometa has been actively investing in notable early-stage technology companies, particularly in fintech and marketplaces, indicating a consistent engagement in the startup ecosystem.
Recent investments include companies like Bitso and Cabify, showcasing Cometa's commitment to supporting innovative startups in Spanish-speaking markets.
What are Cometa's investment criteria?
Cometa focuses on early-stage technology companies in sectors such as fintech, e-commerce, and SaaS. The firm looks for businesses that create proprietary data and require significant human interaction.
How can founders apply or pitch to Cometa?
Founders can submit their pitch through the contact form available on Cometa's website. It is advisable to include detailed information about the business model, market opportunity, and team background.
What makes Cometa different from other venture capital firms?
Cometa specializes in Spanish-speaking markets and emphasizes investments in data-driven businesses. Their focus on sectors with high human interaction sets them apart from many other firms.
What is Cometa's geographic scope?
The firm primarily invests in Latin America, Spain, and the United States, targeting early-stage companies in these regions.
What is Cometa's post-investment involvement like?
Cometa provides strategic support to its portfolio companies, leveraging its expertise in technology and market dynamics to help them scale effectively.
What is the typical fund size and check size for Cometa?
Cometa's current fund size is approximately $100 million, with average check sizes ranging from $1 million to $3 million, particularly at the seed stage.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.