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Dux Capital is an early-stage venture capital firm founded in 2017, headquartered in Austin, Texas, and Mexico City, Mexico. The firm was co-founded by José Luis Silva and Daniel Santamarina, who are committed to supporting first-generation and cross-border entrepreneurs in the U.S. market. Dux Capital has a fund size of $35 million and currently manages a portfolio of 20 companies. The firm aims to provide strategic leverage to its portfolio companies, helping founders scale into category leaders.
Since its inception, Dux Capital has focused on bridging the funding gap for Latinx and Hispanic-Latino entrepreneurs. The firm emphasizes disciplined, risk-adjusted performance and active value creation, leveraging its cross-border expertise and industry networks. Notable milestones include the first close of Fund II, which was led by Bank of America and attracted investments from prominent Hispanic-Latino investors.
Dux Capital invests in early-stage, tech-enabled companies, primarily in the pre-seed, seed, and seed-plus stages. The firm targets sectors such as fintech, healthcare, edtech, consumer, logistics, and artificial intelligence. Their investment strategy is sector-agnostic but concentrated in areas with scalable market potential. Dux Capital seeks resilient and innovative founders, particularly those who are first-generation and cross-border entrepreneurs in the U.S. market.
The firm emphasizes disciplined, risk-adjusted performance and active value creation. Dux Capital looks for teams operating in scalable markets where their cross-border expertise can accelerate growth. Their investment thesis focuses on supporting diverse, emerging startups with strong growth potential and impact, particularly those founded by Latinx entrepreneurs.
Dux Capital's portfolio includes a diverse range of companies across various sectors. Notable portfolio companies include:
These companies exemplify Dux Capital's focus on tech-enabled startups that address significant market needs and demonstrate strong growth potential.
José Luis Silva — Founder & Managing Partner. José has extensive experience in venture capital and entrepreneurship, focusing on supporting Latinx founders. He has been instrumental in establishing Dux Capital's mission and investment strategy.
Daniel Santamarina — Founder & Managing Partner. Daniel co-founded Dux Capital and has a strong background in finance and investment, particularly in supporting diverse entrepreneurs. He plays a key role in guiding the firm's investment decisions.
Susana Espinosa de los Reyes — Partner. Susana brings a wealth of experience in venture capital and has a strong focus on supporting early-stage companies.
Anthony Castellanos — Venture Partner, Fund II. Anthony has a background in technology and entrepreneurship, contributing to Dux Capital's investment strategy.
Neil Pryor — Venture Partner, Fund II. Neil specializes in early-stage investments and has a keen interest in tech-enabled startups.
Bob Manza — Investment Team, Fund II. Bob has experience in venture capital and supports the firm's investment activities.
Jose Garcia Pimientel — Investment Team, Fund I & II. Jose contributes to Dux Capital's investment analysis and portfolio management.
Enrique Osovieki — Investment Team, Fund II. Enrique focuses on identifying promising investment opportunities.
Mariela Salas — Investment Team, Fund I & II. Mariela supports the firm's investment processes and portfolio management.
Miguel Arrieta — Associate. Miguel assists in deal sourcing and due diligence.
Raquel Gonzalez — Office Manager. Raquel manages office operations and supports the team.
Regina Osuna — Legal and Compliance. Regina ensures compliance with legal standards and regulations.
Rodolfo Moreno — Legal Counsel. Rodolfo provides legal support and guidance to the firm.
To pitch Dux Capital, founders should visit their website at duxcapital.vc. The firm prefers direct applications through their online platform. Founders should include a clear overview of their business model, market opportunity, and growth strategy in their pitch deck. Dux Capital values concise and informative presentations that highlight the unique aspects of the startup.
Response times may vary, but founders can expect to hear back regarding their application status. Warm introductions are appreciated but not required.
In March 2023, Dux Capital announced the first close of its second fund, which has a target size of $35 million. This fund aims to support early-stage, tech-enabled startups, particularly those founded by Latinx entrepreneurs. The first close was led by Bank of America and attracted investments from prominent Hispanic-Latino investors.
Throughout 2022, Dux Capital continued to expand its portfolio, investing in various companies across sectors such as fintech, healthcare, and edtech. The firm has been recognized for its commitment to supporting diverse entrepreneurs and bridging the funding gap for Latinx founders.
What are Dux Capital's investment criteria?
Dux Capital invests in early-stage, tech-enabled companies, particularly those led by resilient and innovative founders. The firm focuses on sectors such as fintech, healthcare, edtech, consumer, logistics, and AI. They prefer to back first-generation and cross-border entrepreneurs in the U.S. market.
How can I apply or pitch to Dux Capital?
Founders interested in pitching to Dux Capital can visit their website at duxcapital.vc for more information. The firm encourages direct applications through their online platform.
What makes Dux Capital different from other venture firms?
Dux Capital specifically focuses on bridging the funding gap for Latinx and Hispanic-Latino entrepreneurs. Their emphasis on disciplined, risk-adjusted performance and active involvement in portfolio companies sets them apart from many other venture capital firms.
What is the geographic scope of Dux Capital's investments?
The firm primarily invests in the United States but also supports cross-border entrepreneurs, particularly those with ties to Latin America.
What is the typical check size for investments?
Dux Capital typically invests between $50,000 and $500,000 in initial check sizes, focusing on pre-seed and seed rounds.
What kind of post-investment involvement does Dux Capital have?
Dux Capital emphasizes active involvement in the growth of its portfolio companies, leveraging industry networks and expertise to create value and support founders in scaling their businesses effectively.
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