ALLVP

ALLVP (Antoni and Lelo de Larrea Venture Partners) is Mexico's first institutional early-stage venture capital fund, founded in Mexico City in 2012 by Federico Antoni and Fernando Lelo de Larrea. Antoni, a Stanford MBA graduate with a background in retail and e-commerce at L'Oréal and Televisa, and Lelo de Larrea co-created the fund to fill a structural gap in Mexican early-stage capital. The firm has since raised four funds and manages more than $350 million in assets under management, becoming the most active early-stage investor in Latin America by deal count. ALLVP has backed more than 35 companies across Mexico, Chile, Colombia, and Argentina, investing at seed through Series B stages with check sizes of $1 million to $7 million. The fund focuses on four thesis areas that correspond to major structural shifts across the region: the future of finance, the future of commerce, human capital, and smart cities. Cornershop, ALLVP's early bet on on-demand grocery delivery, was acquired by Uber in 2021 for approximately $1.4 billion, one of Latin America's landmark VC exits. The firm has also backed Konfio (unicorn), Clip (unicorn), and Bitso (unicorn). Note: ALLVP has partially rebranded segments of its business as Hi Ventures; both names remain in use depending on fund vintage. Beyond its original investments in Konfio, Clip, Kueski, Cornershop, and Bitso, the firm's portfolio includes Fintual, Nuvocargo, RobinFood, Flat, Jüsto, Flink, and Mendel.