Chingona Ventures Closes Fund II, at $52M

Chingona Ventures, ChicagoIL-based venture capital firm, focusing on pre-seed financing, has closed its second fund. at $52m.

InvestorsInclude the OfficeYou can find the Illinois State Treasurer’s Illinois Growth Innovation Fund, Melinda Gates’ Pivotal VenturesPayPal Ventures, Norwest Venture Partners, Insight Venture Partners, Foundry Group, Synchrony Ventures, The W.K. Kellogg Foundation, Wellington Asset Management, 50 South Capital, and other prominent institutional asset managers.

FoundedBy Samara Mejia Hernandez, Chingona Venturesinvests in founders whose backgrounds allow them to create businesses that are often overlooked in growth markets.

The FundWill invest primarily in FinTech. FutureOf Learning Health Wellness sectors. BuildingThe success of FundI, where 80 per cent of portfolio companies were managed by diverse CEOs FundII will invest in the best founders possible and work to eliminate bias in deal sourcing.

HernandezImmigrated to the US from Mexico atA young man who grew up in a poor family. AnEngineer by training SamaraShe spent the first part of her career in public markets at Goldman SachsThen, in the private sector, working in venture capital before launching. Chingona Ventures2019 was the year of the sole. General Partner.

FinSMEs

12/05/2022

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