This alliance combines Redwood Ventures' deep footprint in Latin America's tech sector with Seedstars’ global expertise in nurturing startups in emerging markets. The collaboration aims to create a robust ecosystem for innovation, driving significant economic and social impact across the region.

Redwood Ventures has built its reputation by focusing on post-Seed and Series A investments. The fund's industry-agnostic approach, combined with a broad network of strategic investors including corporations and business leaders, has enabled a diverse and dynamic portfolio, underscoring its commitment to fostering startups capable of challenging and transforming traditional industries.

The partnership with Seedstars comes from a shared vision for propelling Latin America to the forefront of global innovation. This collaboration leverages Seedstars Capital's extensive network and resources, enhancing Redwood Ventures' capacity to identify, invest in, and nurture high-potential startups across the region.

Alejandro Gonzalez, Managing Partner at Redwood Ventures, expressed enthusiasm about the partnership: "This partnership strengthens our commitment to foster a transformative tech ecosystem in Latin America and empowers us to broaden our impact, supporting startups that not only thrive commercially but also contribute positively to society. It is a demonstration of our commitment over the philosophy of active collaboration, with the firm belief that together we can go further".

Benjamin Langer, Partner at Seedstars, highlighted the strategic value of the partnership: "Our alliance with Redwood Ventures is a testament to our belief in the growth and strengthening of the Mexican venture capital ecosystem and its transformative power, in this case out of Guadalajara. The partnership is also fully aligned with our work of building a network of impactful emerging managers uncovering highly attractive opportunities across emerging markets and generating strong financial returns for our investors."

Seedstars Capital brings to this partnership its extensive global network and expertise in venture capital across emerging markets. The managers under the platform manage well over $200 million in assets and have completed over 150 investments in more than 40 countries. In addition to Redwood Ventures, the platform includes funds such as Seedstars International Ventures (SIV) focused on global emerging markets, and Seedstars Africa Ventures (SAV) that targets the Africa region and iThink VC, focused on early stage companies in South America. Seedstars Capital also manages direct investment mandates, including the Seedstars Youth Wellbeing Ventures Fund in Africa and partners with corporations to design and launch their own venture capital strategies. Through this partnership, Redwood Ventures gains access to this expansive network, enhancing its position in the dynamic Latin American startup ecosystem.

Redwood Ventures Fund II already boasts a portfolio of innovative companies such as Remitee (Argentina), Smartbeemo (Colombia), Minu (Mexico), Boletomovil (Mexico), Parco (Mexico), exemplifying the diverse range of sectors and solutions supported and the commitment of leveraging technology to solve pressing challenges, enhance efficiency, and open new opportunities in the LATAM market.

This partnership is poised to create unparalleled opportunities for startups and entrepreneurs, offering them access to vital resources, mentorship, and investment to drive their success. By combining Redwood Ventures' local expertise with Seedstars' global reach, the alliance aims to bridge the gap between Latin American innovation and international markets, providing a powerful platform for growth and expansion.

For more information about this partnership, visit LINK.

For more information about Redwood Ventures, visit their website here: https://www.redwood.ventures/.

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ABOUT SEEDSTARS CAPITAL

Seedstars Capital is an alternative investment platform specialized in emerging markets. The platform partners and invests in emerging venture capital fund managers active in complementary sectors in the Pre-Seed to Series A stages across emerging markets and makes direct co- and follow-on investments in their portfolio companies. For more information, visit seedstars.com/funds.

ABOUT REDWOOD VENTURES

Redwood Ventures is a venture capital firm that focuses primarily on early stage, and Series A investments in high-impact technology companies globally, with a natural focus on Latin American startups. Launched in 2018 and with +120M in AUM, it is the largest institutional fund in Western Mexico. Their industry-agnostic thesis allows them to seamlessly diversify their portfolio into companies across different sectors. For more information about Redwood Ventures, visit their website here: https://www.redwood.ventures/

CONTACTS

Michaela Villaroman, Media Relations

[email protected]

Andrea López, Ecosystem Executive

[email protected]