Investor Profile: Nazca — Thesis, Cheque Size & How to Apply

Nazca is a venture capital firm built for Spanish-speaking Latin America, and it has backed some of the region's most recognisable technology companies from its Mexico City base. Founded in 2014, Nazca invests in early-stage, technology-enabled businesses across Mexico and Latin America, with a particular strength in helping companies expand into and within Mexico.

Thesis

Nazca seeks transformative, technology-enabled businesses led by bold, self-aware founders, and it describes its mission as empowering outstanding leaders on merit while balancing capital and talent. In practice that means backing companies that can change how a traditional Latin American industry works, whether in financial services, commerce, mobility, health or education, and then staying close as they grow into regional players.

Sectors and stages

The firm focuses on fintech, e-commerce, mobility, education, health and enterprise software, investing at seed and early stage with meaningful reserves for follow-on rounds. Its geography is Spanish-speaking Latin America, led by Mexico, with portfolio activity also in Chile, Colombia and other regional markets.

Fund size and cheque size

Nazca III reached its target size of USD 150 million, with the International Finance Corporation (IFC) investing USD 15 million in the fund in 2022. Initial cheques are reported at around USD 500,000 to USD 5 million, with capital reserved for follow-ons. In 2025, Nazca and Bridge joined forces as one firm, and the combined firm claimed more than USD 300 million in assets under management, a figure reported by the firm itself that has not been independently confirmed in the sources reviewed.

Notable portfolio

Nazca's best-known portfolio company is Kavak, the Mexican used-car platform described as the country's first unicorn. Other portfolio names include digital bank Albo, online grocer Jüsto, mattress and sleep brand Luuna (part of Z Brands), eyewear company Ben & Frank, education platform Crehana and cross-border payments company Yuno. More recent names highlighted by the firm include AI conversational platform Bombay and Colombian internet provider Somos Internet.

Partners and team

Nazca was co-founded by Héctor Sepúlveda, who serves as co-founder and managing partner, alongside managing partner Jaime Zunzunegui. Vanesa Kolodziej has served as managing partner and chief executive, and Erin Winslow is a partner focused on early-stage investing. Its institutional backers have included the IFC, FEMSA Ventures, Spectra Investments and the Inter-American Development Bank.

Programs, credits and perks

Nazca does not run a public accelerator or a published startup credits programme. Its value-add, as described by its own team, is practical: market-entry and expansion support, especially into Mexico, introductions to partners, resellers and senior operators, and a venture-partner network across the region. Founders should therefore judge Nazca on its network and follow-on capacity rather than on perks or credits.

How to apply for funding

Learning how to get funding from Nazca means approaching the firm through its published channels and through warm introductions from founders, venture partners or co-investors in the Spanish-speaking Latin American ecosystem. No public application portal with published timelines was found in the sources reviewed, so founders should arrive with a clear Mexico or regional expansion story, early traction, and a round sized around the firm's USD 500,000 to USD 5 million initial-cheque range.