Hi Ventures

Co-founders Daniel Llano and Mauricio Villarreal make investment decisions jointly. Llano brings operational and financial expertise to the partnership; Villarreal contributes technology and product judgment. The firm has not publicly disclosed additional investment committee members or the presence of external limited-partner advisory committees.

The firm sources opportunities through a network of Mexican business families that anchor its investor base, combined with direct relationships inside Mexico City's technology ecosystem. This dual channel — family-office networks plus founder referrals — gives Hi Ventures visibility into companies before they reach international institutional investors. The firm also benefits from the co-founders' long tenure in Mexico's venture market, where they have been active since 2012.

Mexico is the primary market, accounting for the majority of portfolio companies. The firm also invests across Spanish-speaking Latin America and selectively backs US-based startups that target cross-border opportunities between the US and Latin American markets. This geographic concentration reflects the co-founders' thesis that Mexico's domestic economy — the second-largest in Latin America — remains under-digitized relative to its size.