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VARIV is a venture capital firm founded 17 years ago, based in Latin America. Originally established as VARIV Capital in 2012, the firm rebranded to Cometa in 2019, focusing on early-stage investments in technology and sustainable living sectors. The firm has evolved to track and define emerging global trends, creating value for investors and companies alike. VARIV operates as a hybrid model, combining venture capital with company building, which allows them to incubate new ventures while providing financial backing.
Currently, VARIV manages a portfolio of 8 companies, with a focus on sectors such as fintech, SaaS, healthcare, consumer products, and climate solutions. The firm emphasizes its commitment to supporting companies that address the needs of underserved populations in Latin America. Their approach includes co-building ventures, ensuring that investments yield both financial returns and positive community impact.
VARIV's leadership team includes experienced professionals with backgrounds in various sectors, enhancing their ability to provide strategic guidance and operational support to portfolio companies. The firm is headquartered in Mexico and actively engages in investments across Latin America, with a notable focus on Mexico.
VARIV invests in early-stage and growth-stage companies primarily in Latin America, with a specific focus on sectors such as fintech, SaaS, healthcare, consumer products, and climate solutions. Their investment strategy encompasses a range of stages, including pre-seed, seed, seed-plus, Series A, and growth equity. The firm typically invests between $1 million and $5 million per deal, targeting companies that demonstrate potential for significant impact and growth.
The firm’s investment thesis centers on creating ventures that cater to the needs of underserved communities. VARIV seeks founders who are not only innovative but also committed to addressing social challenges through their business models. They engage in co-building ventures, which allows them to provide operational support and strategic guidance, ensuring that their investments contribute positively to the communities they serve.
VARIV's geographic focus is primarily on Latin America, with a particular emphasis on Mexico. Their commitment to sustainable living and financial inclusion drives their investment decisions, making them a key player in the region's venture capital landscape.
VARIV's portfolio includes a diverse range of companies that reflect its commitment to addressing the needs of underserved populations. Notable portfolio companies include:
In addition to these companies, VARIV has invested in other notable ventures such as 500 LATAM, AGUA MÁGICA, ANCANA, APLI.K, CARE/OF, CONSUBANCO, and CREZE, showcasing their broad investment strategy across various sectors.
Mauricio Cordero: CEO with extensive experience in venture capital and company building, previously involved in multiple successful startups.
Ramon Chedraui: Co-Founder, brings a wealth of knowledge in investment strategies and market analysis.
Diego Vargas: Co-Founder, previously led several successful investments before stepping back from GP roles in 2019.
Santiago Zavala: Managing Partner, focuses on strategic growth and operational support for portfolio companies.
Alvaro Hernandez: CEO of Crania, with a background in sustainable business practices and community engagement.
Rafael Puente: CEO of Nomipay, specializes in financial technology and operational efficiency.
Enrique Besa: CEO of Rankmi, an expert in HR solutions and SaaS applications.
Javier Marquez: CEO of Sttega, focuses on customized financial solutions for businesses.
Gerardo Pasquel: CEO of Volana, with experience in microfinance and community lending.
German Olivera: CEO of Zylus, specializes in telecommunications and mobile services.
Juan Ahedo: CEO of Creze, with a focus on innovative financial products.
To pitch VARIV, founders should visit their website at variv.com. It is essential to include a comprehensive deck that outlines the business model, market opportunity, and social impact. VARIV prefers warm introductions but will consider direct submissions through their website. Response times may vary, but founders can expect feedback within a few weeks.
In 2023, VARIV transitioned its brand to Cometa, with Rafael de Haro and Pepe taking over as general partners. This shift reflects a strategic focus on health and education sectors in addition to their existing portfolio.
VARIV has made significant investments in companies like Bankaya and Crania, which align with their mission to support underserved communities in Latin America. Their active engagement in the venture capital space continues to grow, with a focus on impactful ventures.
What are VARIV's investment criteria?
VARIV focuses on early-stage and growth-stage companies in sectors such as fintech, SaaS, healthcare, consumer products, and climate solutions. They seek ventures that address the needs of underserved populations in Latin America.
How can I pitch to VARIV?
Founders can submit their pitches through the VARIV website at variv.com. It is recommended to include a clear business model, market analysis, and how the venture addresses social challenges.
What makes VARIV different from other investors?
VARIV combines venture capital with company building, providing operational support and strategic guidance to portfolio companies. Their focus on underserved markets sets them apart in the Latin American investment landscape.
What is VARIV's geographic focus?
VARIV primarily invests in Latin America, with a strong emphasis on Mexico. They are committed to supporting ventures that cater to the needs of local communities.
What is the typical check size for investments?
VARIV typically invests between $1 million and $5 million per deal, depending on the stage and potential of the company.
What kind of support do portfolio companies receive?
VARIV provides strategic guidance, operational support, and access to a network of industry experts to help portfolio companies grow and succeed.
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