Startup funding in Mexico 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Mexico raised $927M in 24 venture rounds from January to September 2026, 20th of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
3 rounds of $100M or more hold 89.5% of that money. Without them, Mexico raised $97M, 36th of 119 countries.
Largest round
The largest round was Plata in Mexico City: $405M, Series C, in April 2026.
Cities
Mexico City startups raised $911M, 98.3% of the national total, ahead of Monterrey with $7M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 19 rounds, $57M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Mexico City | 15 | $911M | $81M | 3 |
| Monterrey | 4 | $7M | $7M | 0 |
| Guadalajara | 1 | $5M | $5M | 0 |
| Miguel Hidalgo | 1 | $3M | $3M | 0 |
| Tequila | 1 | $1M | $1M | 0 |
| Querétaro | 1 | $101K | $101K | 0 |
| Cancún | 1 | $0 | $0 | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| Plata | Mexico City | Series C | 2026-04-16 | $405M |
| Kavak | Mexico City | Series F | 2026-02-17 | $300M |
| Kapital | Mexico City | Series C | 2026-09-09 | $125M |
| VelaFi | Mexico City | Series B | 2026-01-12 | $20M |
| Draftea | Mexico City | Series D | 2026-06-05 | $20M |
| aviva | Mexico City | Series A | 2026-07-06 | $18M |
| Primero AI | Mexico City | seed | 2026-08-25 | $12M |
| Grupalia | Mexico City | seed | 2026-04-14 | $8M |
| Pulpos | Guadalajara | seed | 2026-04-09 | $5M |
| Mango | Monterrey | seed | 2026-07-14 | $3M |
Method
24 rounds in Mexico in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 19 of the 24 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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