Analysis of technology investment in Mexico: main M&A and venture capital deals

, , , , , , ,
Integral service around a transaction
BY : Diego GutiérrezFebruary Thu, 2018

We take a look at the latest M&A operations carried out by Spanish companies and private equity firms in the technology sector in Mexico.

Get in touch with our experts.

We take a look at the latest M&A operations carried out by Spanish companies and private equity firms in the technology sector in Mexico.

CEMEX Ventures invests in Saalg Geomechanics

21 FEB 2018  CEMEX Ventures, a venture capital is a subsidiary of Mexico's Cemex, has invested in Spain's Saalg Geomechanics. The amount of the transaction has not been disclosed.

Saalg Geomechanics, based in Castelldefels, Barcelona, is an engineering startup that has developed a software called Daarwin to analyse in real time the behaviour of the ground in civil works and large buildings.

CEMEX Ventures' investment will enable the launch of a first commercial version of the software.


Cabify closes $160M round

22 JAN 2018  Maxi Mobility Holdings, the US holding company of Spain's Cabify, has closed a $160M funding round underwritten by Rakuten Capital (Japan), TheVentureCity (US), Endeavor Catalyst (US), Grupo Atento Inversiones (Spain), Liil Ventures (Mexico), WTI - Western Technology Investment (US), and several investors from Spain and Latin America.

Cabify, based in Madrid, is a company in charge of the management and development of an application for mobile phones and computers that allows the hiring of high-end vehicles with a professional driver. The company also has an extensive presence in Latin America, with subsidiaries in Chile, Mexico and Peru.

The financing round aims to boost the company's technological development.


Ipsum Technology receives $1M

10 JAN 2018  Ipsum Technology has closed a $1M financing round in which venture capital firms CEMEX Ventures (Spain) and Manutara Ventures (Chile) participated. Through the capital injection, the investors have obtained a stake in the company.

Ipsum Technology, based in Mexico City, is dedicated to the development of a platform to improve the management of engineering and construction projects.


Ezentis acquires Grupo CYS, ICA and Comunicaciones y Sonido Mexico

02 JAN 2018  Ezentis, the Spanish telecommunications infrastructure installation and management company, has completed the acquisition of Grupo CYS, ICA and Comunicaciones y Sonido Mexico.

Grupo CYS (Comunicaciones y Sonido) is a Spanish company dedicated to the implementation of communications infrastructures at an international level. The Peruvian ICA specialises in the development of telecommunications infrastructures. Comunicaciones y Sonido México is the Mexican subsidiary of Grupo CYS.

The operation is part of a larger transaction, the first phase of which was the acquisition of ICP, Gts Thaumat XXI and CYS.


Bipi closes a €2.5M round

27 SEP 2017  Llollo Mobility, a Spanish company operating under the Bipi brand, has closed a €2.5M funding round led by Kibo Ventures (Spain), with the participation of Stella Maris Partners (Mexico), B4Motion (Spain) and other unidentified investors.

Bipi, based in Madrid, is a company dedicated to the development of a mobility application for travellers in Spain, created as a spin-off of the Spanish company Llollo.


ComparaGuru captures $7M in one round

21 JUN 2017  Mexican startup ComparaGuru has completed a $7M funding round led by US-based QED Investors, with the participation of Seaya Ventures (Spain), Nova Founders (Hong Kong), Struck Capital (USA) and private investor Peter Thiel, co-founder of PayPal.

ComparaGuru, based in Mexico City, is a company dedicated to the management of a portal for comparing insurance and bank loans.

The resources received from the financing round will be used to grow the company and strengthen its technological equipment.


Yogome closes a $6.6M round

01 JUN 2017  Yogome, a Mexico City-based startup, has closed a $6.6M financing round led by Spain's Seaya Ventures, with $6M, and in which Mexico's VARIV Capital and US-based Endeavor Catalyst also participated.

Yogome is a company operating in the technology sector, dedicated to the development of educational video games. The company will use the investment to reach one million subscribers and expand its business to China, Korea and Japan.


CornerJob hosts $19M

22 MAY 2017  Job Digital Networks, creator of the CornerJob app, has closed a $19M funding round, which was led by international and Spanish funds and media.

Specifically, the financing round involved Northzone (Sweden), Randstad Innovation Fund, (USA), Samaipata Ventures (Spain), Caixa Capital Risc (Spain), Mediaset España, Mediaset Group (Spain), TF1 (France), Media Digital Ventures Spain, Augesco Ventures (France), 5M Ventures (France), and TV Azteca (Mexico).

CornerJob is a mobile application that acts as a tool for job search in a quick and easy way, focusing mainly on the offer of jobs that do not require excessive qualifications and with a high turnover, such as waiters, shop assistants, etc.


Mexico Ventures I invests in Parkiller

18 MAY 2017  Mexico Ventures I, a Mexican venture capital firm, has made an undisclosed investment in the Spanish company Parkiller, through which it has become a shareholder.

Parkiller, based in Madrid, is an app specialised in offering corporate parking solutions and car services, operating in Mexico.

Mexico Ventures I is a venture capital fund that emerged as a joint venture between Sun Mountain Capital and Fondo de Fondos.


Axon Partners Group invests in Simpati Mobile

12 JAN 2017  Axon Partners Group, a Spanish venture capital firm, has made an investment in the startup Simpati Mobile for an undisclosed amount. Through this capital contribution, Axon Partners has obtained a stake in the company's shareholding.

Simpati Mobile is a Mexican mobile operator founded in 2016.

Other posts that may interest you

Spanish technology companies with the largest rounds in the US in 2017. Red Points receives €10M.

The state of the European technology industry in 2017

Investment in GPS or Geolocation Technologies. Amadeus invests in Situm.

Yes looking for investors, you want to buy or sell your company or finance your R&D&I project, get in touch with our Corporate Finance experts.

If you are looking for investors, want to buy or sell your company or finance your R&D&I project, contact our Corporate Finance experts.

The M&A Professionals

Meet our services



Do you want to be up to date?


Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?