Mexico-based venture capital firm Amplifica Capital is aiming to be the “go to” fund for female tech founders in Latin America.
Amplifica Capital’s founder and CEO Anna Raptis is positioning the firm to focus on companies looking to solve important problems in Latin America, and hopes that the company which was founded back in 2020 can help change the narrative around the lack of female tech entrepreneurs within Mexico.
Amplifica has invested in 10 companies thus far.
“There are so many challenges, which means there are so many opportunities,” Raptis said, according to TechCrunch. “Through investing in tech in Latin America, we can really make a difference in people’s lives.”
“I was very inspired by a lot of women in the U.S. building similar funds because I haven’t seen anything like this,” Raptis continued. These women showed me what was possible, and we know that when women see others have success it motivates them to think they can have a try.”
Raptis is a solo general partner who works with a staff of five and began raising capital for her first fund which closed with $11 million, well above their $10 million goal, in capital commitments and has nearly 100 investors.
“People were skeptical because this is something that people had not seen in Mexico before,” Raptis said. There were a lot of questions around that, like, ‘Is Mexico really ready for a fund like this?’ and what would it mean to be investing in women in tech.”
“We’ve had a lot of support from the VC ecosystem in Latin America, and we want to be the fund that the best female entrepreneurs in tech, in Latin America, reach out to first,” Raptis added.