500 Startups

Invests in nine Mexican companies

8 Sep, 2012

The Company invests in nine additional technology startup companies in Mexico, for a total of 16 Mexican companies through its subsidiary, Mexican.vc, based in Mexico City. 500Startups partner Santiago Zavala said that each of the very early stage startups, with 2-3 “very passionate cofounders,” would receive a $25,000 cash investment in addition to workspace and other services, including a startup bootcamp, in exchange for a 10% equity stake. One of the companies [[Rubberit]] is a mail delivery condom distributor.

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