Dux Capital

WHO WE ARE

Dux Capital Fund II is not just a $35 million seed fund investing in agnostic tech-enabled startups; it’s a catalyst for change, set in Austin, a city where innovation meets diversity. But why focus on the Latinx market? Let me paint a vivid picture for you. In a nation where Latinx individuals constitute 19% of the population, their economic output stands at a staggering $2.8 trillion. Now, this is good but the opportunity lies in the additional $2.3 trillion that Latinos can generate if economic parity is achieved. Picture this—5 million businesses established, surpassing the growth of their counterparts. Yet, despite these achievements, Latinx entrepreneurs face hurdles— lack of network, smaller contracts, longer deal closures, and a mere 2% of Venture Capital funding. Nevertheless, within this challenging landscape, Latinx entrepreneurs embody resourcefulness, resilience, and a profound awareness of their unit economics. Their stories are marked by determination, echoing the beating heart of a community destined for greatness. Investing in Latinx isn’t just a strategic move; it’s an embrace of opportunities waiting to unfold.

$35,000,000

TARGET SIZE OF FUNDS

Sector

Fintech, B2B, Healthcare

Stage

Seed, Pre-Seed

Region

Europe, North America, South America (LATAM)

Countries

Founder(s)

Daniel Santamarina

Daniel is a Managing Partner at Dux Capital. He is eclectic in his areas of interest but is focused on investments in fintech, consumer and retail, delivery, and customer-centered businesses. He is passionate about early-stage product development and disruptive business models aimed at historically underserved markets. Daniel has a BA in Business Administration from Universidad Iberoamericana in Mexico, with an emphasis in finance and marketing. Prior to co-founding Dux Capital, Daniel was CFO and Director of New Business Development at Residencia, part of Archipelago Group, where he led the management of the company and was responsible for creating new business models. He has had extensive experience as an entrepreneur, building his first company as a student, and creating multiple startups within the Marketing, CPG, and Service industries. As an investor, Daniel has an extensive track record of leading several investments across LATAM and the US and serving on the board in some of them. In his spare time, Daniel enjoys spending time traveling with his wife and two children, reading, and playing sports.

Susana Espinosa de los Reyes

Susana is the newest addition to the DUX capital team, even though her collaboration goes back to more than five years. As an investor, Susana has a diversity and inclusion focus after co-founding Mujeres Invirtiendo, an industry-focused NGO to promote and empower the role of female investors in the Private Equity industry. Susana holds an MBA from Instituto de Empresa Madrid (IE Business School), and a Master’s in International Development from ITAM in Mexico where she previously studied her Bachelor’s in Administration. Prior to joining Dux Capital, Susana was Portfolio Manager for Angel Ventures, a top-tier VC fund in the region. Susana was in charge of the day to day of portfolio companies in order to help them develop and grow. Susana has expertise in managing companies from their seed stage up to their exit. Aside from this, Susana has entrepreneurial expertise in founding Carpe Diem a boutique mindful training fitness studio in Mexico where she currently holds a seat on their Board. Susana has been selected as a top emerging investor by LAVCA (Latin America Venture Capital Association) due to her commitment to gender diversity in the industry. Also, Susana has focused on teaching others about entrepreneurship currenlty she has a elcture in Instituto Tecnológico Autónomo de México (ITAM).

José Luis Silva Vázquez

Passionate for growth, finance, startups, and golf, José Luis is the co-founder of Dux Capital. His main role in the fund is to undertake the Investor Relations team, Portfolio Management, part of the Investment team, part of the Startups’ Funnel, and responsible for portfolio investments (Refly, Atexto, Trato, Épica, Mozper Koomkin, Boundless Robotics and Fintonic). Before Dux, José Luis was a corporate and investment banker at HSBC’s Global Banking team in Mexico. José Luis was part of landmark transactions within Mergers and Acquisitions, Debt & Equity Capital Markets, Structured Finance, and Treasury for AAA names in Latam. José Luis holds an MBA from IE Business School in Madrid where he specialized in Private Equity/Venture Capital and obtained a dual diploma at Singapore Management University. Additionally, he holds a BA in Finance from Instituto Tecnológico y de Estudios Superiores de Monterrey in Mexico City.