ImpactAlpha, July 24 – Mexico City-based Angel Ventures has backed Chile’s Citysense with $1.3 million and Mexico’s Energryn with $1.2 million.
Citysense, makes smart sensors and software to manage security, energy, and transportation. Energryn makes hybrid solar-electric boilers as an alternative to gas-fueled heaters. (Energryn has been backed previously by Antigua, Guatemala-based Pomona Impact.)
The two investments are the first commitments from Angel Ventures’ second fund, which has a target size of $120 million. The investment firm has not disclosed how much it has raised towards the fund so far.
Angel Ventures invests in early stage companies in Mexico, Peru, Colombia and Chile. Although it does not describe itself as an impact investor, its investment focus areas include high-impact sectors like health, financial services, and also agriculture, in which it emphasizes the opportunity at the base of the economic pyramid.
Angel Ventures invested in 21 companies with its $20 million first fund.