MIF Supports Alta Ventures
The Multilateral Investment Fund (MIF) has approved a USD 5 million equity investment in the Alta Ventures Mexico Fund I, L.P., to support ventures from technology entrepreneurs.MIF) June 2, 2010 – The Multilateral Investment Fund (MIF) has approved a USD 5 million equity investment in the Alta Ventures Mexico Fund I, L.P., to support ventures from technology entrepreneurs.
The fund plans to raise about USD 100 million, and will also be backed by international and Mexican investors.
The fund will be managed by Alta Ventures Mexico Management (GP), L.P., which is a joint initiative of Rogelio de los Santos, a Mexican businessman and entrepreneur, Paul Ahlstrom, a co-founder of vSpring Capital, a leading VC fund in the Rocky Mountain region of the US, as well as the managing directors of vSpring Capital.
The fund will invest in 10-15 innovative start ups and in 10-15 early stage and high growth SEs. Among the activities of the companies in which the fund will invest are life sciences and healthcare, information technology and education.
