Mexico City (December 14th, 2022) — Village Capital, with support from MetLife Foundation, announced that Tu Consejería and AInwater were peer-selected to receive equity-free grant funding as a part of “ADAPT: Social Innovation for a More Resilient Future in Latin America”. The investment-readiness program supported entrepreneurs to scale their solutions around climate change, healthcare, and economic mobility in the region, with a focus on cross-cutting or intersectional issues that directly impact an individual’s or community’s ability to achieve resiliency and adapt to ongoing environmental, social, and economic challenges.
Over 120 startups from 17 countries applied to be a part of the accelerator. The final cohort was composed of the top eight startups from four countries: Brazil, Chile, Guatemala, and Mexico. Out of the eight startups, 50% are headquartered outside of major tech hubs in the region, and 50% are led by a female founder and/or CEO.
Tu Consejería and AInwater were selected for grant funding by a group of peer entrepreneurs on the final day of ADAPT: Social Innovation for a More Resilient Future in Latin America, a three month venture development program. The eight participant startups evaluated each other through an investor lens, using eight specific investment criteria that leverage Village Capital’s venture investment levels. Tu Consejería and AInwater were ranked “most investment ready” and will receive $20,000 each in grant funding from MetLife Foundation.
The two companies are focused on the following:
About Village Capital
Village Capital is reinventing the system to back the entrepreneurs of the future. Known for its groundbreaking approaches to supporting founders who are building solutions to emergent social, economic, and environmental challenges, VilCap unlocks critical social and financial capital for early-stage companies to maximize business and impact growth.
Village Capital has operated in Latin America since 2015 by running over 16 accelerator programs involving more than 19 countries in the region including Bolivia, Guatemala, and Paraguay. VilCap has supported more than 170 locally-based startups working in sectors such as economic mobility, financial health, and sustainable agriculture. Learn more at www.vilcap.com and follow @vilcap_latam.
For more information at Village Capital:
Sofía Cándano, sofia.candano@vilcap.com
About MetLife Foundation
At MetLife Foundation, we are committed to expanding opportunities for low- and moderate-income people around the world. We partner with nonprofit organizations and social enterprises to create financial health solutions and build stronger communities, while engaging MetLife employee volunteers to help drive impact. MetLife Foundation was established in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. From its founding through the end of 2020, MetLife Foundation provided more than $900 million in grants and $87 million in program-related investments to make a positive impact in the communities where MetLife operates. Our financial health work has reached more than 17.2 million low- and moderate-income individuals in 42 countries. To learn more about MetLife Foundation, visit metlife.org.
For more information:
Village Capital
Sofía Cándano - sofia.candano@vilcap.com
MetLife Foundation
Jorge Arturo Hernández
jorge.hernandez1@metlife.com.mx
MetLife México
Alejandro Luna
aluna@cuadrante.com.mx
Cel. 55 1395 8147
Cuadrante
