Seaya Ventures and Cathay Innovation Announce US$125m Fund

Seaya Ventures and Cathay Innovation issued a statement today announcing the first close of a US$125 million multi-sector fund for startups across Latin America with the aim to revolutionizing various industries and the society at large.

Based out of Mexico City, it is the core aim of Seaya Cathay Latam Fund to become the exclusive linking point between local, purpose-driven entrepreneurs and the global resources and financing opportunities required to build and scale resilient businesses that will be able to compete in their markets both on the regional or global stage.

The new fund has a particularly affinity for firms offering transformative technology and in their Series A and B with reserves for follow-on rounds. It also has a sustainable investment cycle to ensure that startups can have steady access to the facilities they need to grow responsibly while maximizing impact.

Some of the fund’s most attractive firms would be consumer and enterprise startups in fintech and proptech, mobility, healthtech, food, agriculture, cybersecurity and more. In September, the team completed its first investment in Chilean fintech Xepelin’s $230M round. Other notable investments in the region include Mexico’s Kueski and Lana, Brazil’s Facily and alt.bank, Colombia’s RobinFood and Chile’s Fracttal.

“We’re looking for exceptional founders building innovative technologies and business models that will have a lasting, positive impact on Latin America,” said Beatriz Gonzalez, Founder and Managing Partner, Seaya Ventures.