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

Founders asking how to get funding from Wollef are targeting the only Mexican VC fund with five unicorns. Founded in 2013 as Jaguar Ventures and renamed Wollef in October 2021, the Mexico City firm manages over $180 million in investments across 44 companies, according to 2023 press — with a portfolio that includes Nubank, Kavak, Konfio, Jeeves and Loft.

Investment thesis: financing the future of Latin America

Wollef's stated thesis is simple: "We are financing the future of Latin America." It backs tech-enabled, digital businesses across Latin America at pre-seed, seed and Series A, comfortable leading or following. Its published investment criteria are demanding: exceptional, talent-obsessed teams; massive markets with a path to a $1 billion company; proven product-market fit shown through recurring sales, engaged users and low churn; and strong positive-margin unit economics. The firm's values are honesty, open-mindedness and courage — and it describes its style as hands-on, "rolling up our sleeves" with long-lasting founder relationships.

Sectors and stages

The firm writes Pre-Seed, Seed and Series A cheques across fintech, e-commerce, SaaS including B2B SaaS, foodtech, marketplaces, logistics, proptech, healthtech, telecom SaaS and retail. For Fund III, co-founder Eric Pérez-Grovas told TechCrunch to expect first checks of $500,000–$1 million.

Portfolio: five unicorns and a exits record

The unicorn roster — Konfio, Jeeves, Nubank, Kavak and Loft — made Wollef the only Mexican fund with five unicorns as of late 2023. Other investments include Conekta (its first exit, 2019), Nexu, Ben & Frank (partial exit 2023), Foodology, Checkars (merged with Kavak), Justo, Liftit, Mattilda, Zubale, Pulsar and Zumma.

Fund history: $9.3M to $180M+

Fund I ($9.3 million, 2014) built a 10-company portfolio; Fund II ($22 million, 2019) delivered exits including Konfio and Checkars; Fund III was announced in October 2021 with a $100 million target and raised in 2023 (final close size undisclosed). Partners include co-founders Eric Pérez-Grovas and Cristóbal Perdomo (both General Partners), with Luis Garza — ex-founder and CEO of Advenio, Kinedu and Aldea — joining for the third fund.

How to apply for funding from Wollef

Wollef publishes no pitch form, contact page, application email or intake process on its official site, so there is no documented front door. Founders realistically reach the firm through the industry's warm-introduction channels — partners, portfolio founders, or the regional investor networks the firm moves in.