Valor Capital Group

Valor Capital Group is a venture capital firm founded in 2011 and headquartered in New York. It focuses on cross-border investment opportunities between the United States and Brazil, operating across Growth Equity and Venture Capital strategies. The firm backs seed to growth-stage companies in sectors such as B2B, commercial services, B2C, consumer non-durables, e-commerce, fintech, and technology, including TMT. It is registered as a Registered Investment Adviser.

Bruno Batavia

Principal and Director of Emerging Tech

Gustavo Berger

Investment Analyst

Pedro Bustamante

Investment Analyst

João Camara

Investment Senior Analyst

Antoine Colaço

Managing Partner

Matheus Cordeiro

Investment Analyst

Carlos Costa

Vice President

Gabriel Rosenthal Gil

Venture Partner

Sam Heck

Managing Director

Carolina Hibner

Investment Senior Analyst

Carol Lacombe

Vice President

Maria Carolina Lacombe

Principal and Director of Community

Beatriz Madeira

Senior Associate

Nicolas Marin

Senior Analyst

Karina Martinez

Investment Associate

Felipe Mendes

Associate

Michael Nicklas

Managing Partner

Paulo Passoni

Managing Partner

Bernardo Penteado

Senior Analyst

Pedro Pereira

Investment Senior Analyst

Nicole Salim

Investment Analyst

Fabiana Scionti

Investment Associate

Scott Sobel

Managing Partner

Clifford Sobel

Managing Partner

Phillip Trauer

Principal

Past deals in Mexico

Merama

Venture Round in 2025
Merama is an e-commerce platform that partners with brands to accelerate growth in Latin America. The platform supports portfolio brands with talent resources and non-dilutive capital to help them scale online, aiming to build a leading group of Latin American online brands. Founded in 2020, Merama is headquartered in Mexico City.

Spot2

Series A in 2024
Spot2 is a Mexican commercial real estate proptech that operates a property technology ecosystem. It connects brands and entrepreneurs with available commercial spaces through technology-enabled brokerage services, covering retail locations, offices, and industrial warehouses. The company focuses on retail and industrial sectors, helping clients locate and secure suitable spaces across Mexico via its platform. By integrating data and marketplace capabilities, Spot2 aims to streamline the search, selection, and transaction process for tenants and landlords in the commercial real estate market.

Meru

Pre Seed Round in 2023
Our objective is to develop into the region's one-stop store for automotive components. By gathering demand and linking all players throughout the supply chain, including producers, distributors, wholesalers, retailers, service providers, and customers, we are digitizing the automobile aftermarket sector in Latin America. Meru was established in 2020 in Mexico City, Distrito Federal.

Merama

Series B in 2021
Merama is an e-commerce platform that partners with brands to accelerate growth in Latin America. The platform supports portfolio brands with talent resources and non-dilutive capital to help them scale online, aiming to build a leading group of Latin American online brands. Founded in 2020, Merama is headquartered in Mexico City.

Kovi

Series B in 2021
Kovi is a digital car rental platform operating in Latin America, enabling mobility for ride-hailing and delivery drivers through an online on-demand service. It employs an asset-light model by partnering with automakers and traditional rental companies to offer flexible, affordable vehicle access. Founded in 2018 and based in São Paulo, Brazil, Kovi serves markets in Brazil and Mexico, advancing safer, more accessible transportation for millions of users.

Meru

Series A in 2021
Our objective is to develop into the region's one-stop store for automotive components. By gathering demand and linking all players throughout the supply chain, including producers, distributors, wholesalers, retailers, service providers, and customers, we are digitizing the automobile aftermarket sector in Latin America. Meru was established in 2020 in Mexico City, Distrito Federal.

Bitso

Series C in 2021
Founded in 2014, Bitso is a cryptocurrency exchange platform headquartered in Mexico City. It enables users to buy, sell, and trade various cryptocurrencies securely using their mobile devices or other devices.

Merama

Debt Financing in 2021
Merama is an e-commerce platform that partners with brands to accelerate growth in Latin America. The platform supports portfolio brands with talent resources and non-dilutive capital to help them scale online, aiming to build a leading group of Latin American online brands. Founded in 2020, Merama is headquartered in Mexico City.

Merama

Series A in 2021
Merama is an e-commerce platform that partners with brands to accelerate growth in Latin America. The platform supports portfolio brands with talent resources and non-dilutive capital to help them scale online, aiming to build a leading group of Latin American online brands. Founded in 2020, Merama is headquartered in Mexico City.
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