Funded Commerce and Shopping Startups in Mexico
The 28 commerce and shopping startups listed here span rounds from December 2020 through May 2025, with Mexico City (Distrito Federal) accounting for 24 of…
The 28 commerce and shopping startups listed here span rounds from December 2020 through May 2025, with Mexico City (Distrito Federal) accounting for 24 of the 28 entries. The two largest disclosed rounds are Kavak's $810M debt financing closed in September 2022 and Merama's $170M raise in April 2025. Funding activity clusters heavily between mid-2022 and late-2023, when more than half of the listed rounds occurred.
Early-stage rounds dominate by count: seven seed rounds and five pre-seeds appear in the dataset, while later-stage capital is held by a narrower group — 99 Minutos at Series C ($82M, March 2022), Aplazo at Series B ($70M, May 2024), and Kavak and Clip at debt financing. Outside the capital, Monterrey contributes Calii (Series A, $23M) and Orchata (Seed, $4M), while Leadsales raised a disclosed $150K from Querétaro.
Most recent rounds
28 shownRelated listings
Frequently asked
What are the largest disclosed rounds among these companies?
Kavak leads with $810M in debt financing (September 2022), followed by Merama at $170M (April 2025) and Fairplay at $100M (April 2023). 99 Minutos ($82M Series C), Valoreo ($80M Series B), and Aplazo ($70M Series B) round out the top tier of disclosed raises in this dataset.
How concentrated is funding activity in Mexico City?
24 of the 28 companies are headquartered in Mexico City or Distrito Federal. The remaining four are based in Monterrey (Calii, Orchata), Querétaro (Leadsales), and Tabasco (Pacifiko).
Which funding stages appear most frequently in this segment?
Seed (7 companies) and pre-seed (5 companies) account for nearly half the dataset. Series A appears four times, and four additional entries carry a Series Unknown designation. Debt financing applies only to Kavak and Clip, both more established names in the set.
Which companies have raised rounds most recently?
The three most recent entries are Vasar (Seed, May 5 2025, undisclosed), Merama ($170M, April 2 2025), and Muralia (Pre-Seed, $10K, February 20 2025). Before those, Aplazo ($70M Series B) and R3D (Pre-Seed, undisclosed) both closed rounds in May 2024.
How wide is the range of round sizes across these startups?
Disclosed amounts span from Muralia's $10K pre-seed (February 2025) to Kavak's $810M debt financing (September 2022). Several rounds remain undisclosed, including those for Vasar, R3D, Devolut, and Creizer.
Which companies have reached Series B or later?
Aplazo closed a Series B at $70M in May 2024, Valoreo completed a Series B at $80M in February 2022, and 99 Minutos reached Series C at $82M in March 2022. Kavak and Clip represent the most mature financing in the dataset, having accessed debt rounds of $810M and $50M respectively.
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