Chingona Ventures, a Chicago, IL-based enterprise capital agency targeted on pre-seed funding, closed its second fund, at $52m.
Traders embody the Workplace of the Illinois State Treasurer’s Illinois Progress and Innovation Fund, Melinda Gates’ Pivotal Ventures, PayPal Ventures, Norwest Enterprise Companions, Perception Enterprise Companions, Foundry Group, Synchrony Ventures, The W.Okay. Kellogg Basis, Wellington Asset Administration, 50 South Capital, and different main institutional asset managers.
Based by Samara Mejia Hernandez, Chingona Ventures makes investments in founders whose backgrounds place them to create companies in development markets which might be usually overlooked-
The Fund will primarily put money into the FinTech, Way forward for Studying and Well being and Wellness sectors. Constructing off the success of Fund I, the place 80 p.c of portfolio firms had been led by various CEOs, Fund II will deliberately put money into one of the best founders potential, working to take away bias within the deal sourcing and choice course of.
Hernandez immigrated to the US from Mexico at a younger age and grew up in a low-income family. An engineer by coaching, Samara spent the early a part of her profession within the public markets at Goldman Sachs after which within the personal sector working in enterprise capital earlier than launching Chingona Ventures in 2019 as a sole Basic Associate.