FEMSA (Fomento Económico Mexicano, S.A.B. de C.V.) is a Mexican multinational beverage and retail conglomerate headquartered in Monterrey, founded in 1890. Through its corporate venture capital arm, FEMSA Ventures (established 2018), it invests in early-stage startups across Latin America in sectors including retail, logistics, fintech, healthcare, and enterprise software.
Their most common stage is seed (47% of deals). Average disclosed round size is $8.8M (across 13 rounds with reported amounts).
Portfolio
11
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Team
Carlos Arroyo Rico
Chief Executive Officer, OXXO Mexico
Constantino Spas Montesinos
Chief Executive Officer, Americas and Mobility Division
Gerardo Estrada Attolini
Chief Administration and Control Officer
Jessica Ponce de León Gaitán
Chief Sustainability Officer
Jose Antonio Fernández Garza-Lagüera
Chief Executive Officer
Martín Arias Yániz
Chief Administration and Finance Officer
Michael Mueller
Chief Executive Officer, FEMSA Europe
Roberto Campa Cifrián
Chief Corporate Affairs Officer
Rodrigo García Jacques
Chief Executive Officer, Spin
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Cayena | Series B | — | Sep 2024 |
 Clivi | Seed | $10M | Jun 2023 |
 Pacto | Seed | $4M | Jan 2023 |
 Zero Waste Co. | Seed | $12.5M | Jan 2023 |
 Kuona | Seed | $6M | Dec 2022 |
| KKuona Analytics | Seed | $6M | Dec 2022 |
 R2 | Series A | — | Sep 2022 |
| R2 | Series A | $15M | Jan 2022 |
 Algramo | Series A | $8.5M | Jul 2021 |
| Algramo | Series A | $8.5M | Jan 2021 |
 Jüsto | Bridge | $12M | Jul 2020 |
 Pulpo | Unknown | $8M | — |
 Celes | Seed | $3M | — |
| Pacto | Seed | $4M | — |
| Cayena | Series A | $17.5M | — |
Top Co-Investors
Last updated: 7 October 2026