When we began this journey three years ago, VCFamilia was more than an idea—it was a call to action. A call to reimagine what venture capital could look like when the brilliance, resilience, and determination of Latine voices were not just heard but amplified.
What started with six trailblazers has grown into a nationwide movement of over 500 Latine investors, each bringing a unique perspective, an unwavering drive, and a shared vision for change. Our mission transcends mere numbers, it's about creating a space where Latine investors and entrepreneurs could thrive. We are dedicated to building a community anchored in collaboration and connection, where mentorship becomes a genuine experience. It's about fostering innovation and breaking down barriers that have stood for far too long.
Yet, as we celebrate how far we’ve come, we know the work is far from over. Today, only 2% of venture capital funding reaches Latine founders, and Latine investors remain underrepresented in decision-making roles across the industry. These numbers represent not just statistics, but also missed opportunities, untapped potential, and stories that are ready to be rewritten.
That’s why VCFamilia exists: to rewrite those stories together. This impact report is not just a reflection of our progress—it’s a testament to what’s possible when we show up for each other and for our community. You’ll read about members who have deployed billions in capital, leaders driving change in top-growth sectors, and the women in our community breaking records and blazing trails. You’ll see how our programs and initiatives directly address the challenges our members face, from accessing funding to building networks, and how those efforts are creating ripples far beyond our immediate circle.
This report is organized around the core pillars of our impact:
Since 2021, VCFamilia has grown from 6 to over 500 Latine venture capital investors, representing leading firms like SoftBank, Lightspeed, Google Ventures, NEA, Bessemer, Accel, General Catalyst, and more. Spanning all levels and with daily new applications, VCFamilia showcases the rising impact and presence of Latine talent in venture capital.
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With members across more than 20 U.S. states and Puerto Rico, VCFamilia boasts a 21% international reach, primarily in Mexico, Chile, Argentina, and Peru. This makes it a vital connector between LatAm and U.S. Latine investors. Our extensive geographic presence enhances cross-border deal flow, collaboration, and capital access, creating more opportunities for Latine-led ventures across the Americas.
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VCFamilia connects Latine investors and founders across eight influential hubs in the U.S. and Mexico, driving collaboration and vibrant ecosystems. The resilience of LATAM markets, demonstrated by $527 million raised across 54 rounds in August 2024 despite global slowdowns (Cuantico VC), underscores the strategic importance of VCFamilia’s presence in these high-potential regions. This engagement amplifies Latine influence in emerging opportunities and innovation hubs.
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With partners comprising 28% of VCFamilia’s membership, the community showcases strong leadership and industry influence. This senior representation fosters impactful mentorship, strategic connections, and collaborative growth, advancing VCFamilia’s mission to amplify Latine influence in the venture ecosystem and positioning Latine voices in key decision-making roles.
Most VCFamilia member firms closed between 6 and over 15 deals in the past year, slightly surpassing the industry average of ~5 deals per firm in 2024. With average check sizes at $1 million or less, VCFamilia members maintained consistent deal flow even amidst a market slowdown, reflecting their commitment to supporting exceptional founders and staying active through varying market conditions.
With 64% of VCFamilia members investing in pre-seed and seed rounds, the community emphasizes early-stage support, nurturing new startups, and providing critical resources to Latine founders at the foundational stages of growth. Additionally, 36% of members invest in Series A and B+ rounds. This sustained support empowers ventures to grow and amplify their impact within the industry.
The firms represented by VCFamilia members are at the forefront of transformative industries, with 55.5% investing in Fintech, 36.7% in Clean Tech, 36.1% in AI/Data Analytics, 34.5% in Digital Health, and 29.2% in the Future of Work. By strategically prioritizing these sectors, our community is increasingly shaping the future economy, driving innovation, and opening doors for Latine influence and opportunity.
VCFamilia member firms invested between $376 million and $1.7 billion in the year ending August 2024, with the lower figure representing confirmed deals and the higher estimate suggesting total investments surpassing $1 billion. This figure reflects diverse investment strategies, ranging from frequent smaller deals to strategic large-scale investments, demonstrating VCFamilia’s pivotal role in driving meaningful growth and innovation.
Latine women are reshaping VC and driving meaningful change in a historically underrepresented industry. VCFamilia members show a representation of 38%—surpassing the 26% industry average (Deloitte, 2022). Women occupy 44% of junior roles, 20% of mid-level positions, and most notably, 36% of senior roles—double the industry's 17.4% (Pitchbook, 2023). Through community, mentorship, and peer support, VCFamilia advances Latine women's leadership across all levels.
VCFamilia's composition—40% senior leaders, 33% junior talent, and 13% mid-level professionals—reflects both strength and opportunity. While strong senior representation drives mentorship and entrepreneurship, and junior roles provide a solid talent pipeline, the mid-level gap requires targeted support. VCFamilia addresses this through a network that connects and advances members across all career stages.
VCFamilia’s strength lies in its diverse roots, with members proudly representing Mexico (33%), Colombia (11%), Puerto Rico (8%), Chile (7%), and Peru (8%). This rich blend of cultural heritage fuels our community’s impact, fostering collaboration, inclusivity, and a unique Latine-focused perspective that drives change across the venture capital space.
VCFamilia members face significant challenges in venture capital. Explore how initiatives are breaking barriers and creating new pathways for success in venture capital.
Fundraising/LP Access, Deal Sourcing, and Networking with VC Peers. These issues reflect broader 2024 trends, including limited capital availability and increased competition for quality deals. At VCFamilia, we collaborate with allies and partners to address these challenges through targeted initiatives designed to support and empower our members. Here’s how we are tackling these top obstacles.
Alzar (“Uplift” in Spanish) is a first-of-its-kind catalytic capital program for emerging Latine fund managers. Focused on providing operational capital, it supports qualified GPs investing across diverse industries and geographies. Alzar aims to break barriers such as limited personal wealth and lack of fund-investing networks, often faced by underrepresented fund managers.
To address one of the main challenges VCFamilia members face—access to LPs and peer networking—we partnered with organizations like Black VC, Makena, and Somos to host intentional GP-LP dinners. These gatherings facilitated meaningful conversations on the role of institutional capital, challenges within the emerging GP ecosystem, and the future of the asset class. By creating collaborative spaces, we are actively breaking down barriers and building pathways for our members to connect, learn, and grow alongside peers and potential partners.
VCFamilia Awards dismantle long-standing obstacles, challenge outdated narratives, and create a new paradigm where Latine talent is not just seen, but celebrated and empowered. Each award declares: Latine VCs are innovative leaders reshaping the venture ecosystem. By spotlighting extraordinary achievements, we:
• Amplify Invisible Voices: Bringing Latine VC excellence into the spotlight.
• Unlock Potential: Attracting critical investments and opportunities.
• Forge Connections: Transforming isolated journeys into an unstoppable movement.
Over the years, VCFamilia has brought together 5,000+ event attendees and facilitated 100,000+ meaningful Slack conversations to strengthen connections across the Latine venture community. These interactions foster collaboration, amplify Latine voices, and provide critical networking opportunities, empowering members to access key resources and drive impactful business outcomes in the venture capital landscape.
We took a quick look at the top names in our community, and it turns out we have a group of individuals with names as strong and enduring as our Latin roots! Here’s the breakdown:
"VCFamilia does an excellent job! I enjoy the Bay Area channel, but many of us travel frequently and often check to see who's in LA, New York, Miami, or wherever we might be visiting. It almost feels like a little phone book—you can recall someone and find out if they're still in the area. It’s a great way to stay connected and keep up with what’s happening; it’s a very active group."
Sometimes the right network can change everything... As I progressed in my venture career, my unconventional background and the scarcity of Latina leaders made it challenging to visualize my next move. I discovered VCFamilia through LinkedIn and found exactly what I needed - a true familia. This network has become more than just professional connections - it's given me lifetime mentors and friends. I also met Alejandro Guerrero, who is the co-founding partner at my current fund, through VCFamilia, and this connection led to my current role as the first associate at Act One Ventures.The genuine support and sense of belonging I've found here are unmatched. I'm grateful to be part of this familia and excited to help create more opportunities for our community in venture capital.
“After leading the angel round for a pre-revenue, pre-product startup in 2022, I connected the founders with Domingo Meneses from RaliCap. His investment proved transformative – he helped recruit a key co-founder and facilitated introductions to leading NYC fintech VCs, who went on to lead the next funding round. Today, the startup is on a unicorn trajectory and is positioned to be a fund returner. What makes this success story even more remarkable is that my entire relationship with Domingo has been built through the VCFamilia Slack community—we've never met in person or even had a video call. This perfectly illustrates the power of VCFamilia's network in facilitating high-impact deal flow and collaboration"
“I reached out to the founders and ended up making an angel investment and I brought in one of the Cap Table Coalition Founding members to also invest with me"
“A VCFamilia member shared a deal via Slack, Flora Fertility-I read the slack, reviewed the pitch and felt deep alignment with the issues I've been experiencing in fertility and women's health"
