BlueBox Ventures

BlueBox Ventures is the corporate venture capital arm of BlueBox, a global entrepreneurship ecosystem headquartered in Morelia, Michoacán, Mexico. Founded in 2011 by Johan Wattenström, BlueBox helps entrepreneurs, mentors, corporations, and investors build high-impact multinational enterprises, and its CVC arm co-invests alongside corporates across multiple industry verticals. Following a merger with Chilean consulting group Innova360 in July 2024, the firm manages approximately $15 million across eight Latin American investment funds. BlueBox Ventures targets early- to mid-stage companies at pre-seed through Series A, writing checks of $100,000 to $5 million with a sweet spot around $1.5 million. With 42 investments, the portfolio spans proptech, food and beverage, software, AI, B2B services, education, and transportation across Latin America, with presence in Mexico, Argentina, Colombia, and Chile. Notable portfolio companies include Kambio ($1 million seed, April 2022) and PartRunner. The firm operates with a team of 25 people including 7 partners. BlueBox Ventures is embedded within a broader innovation platform that has executed 50-plus corporate innovation programs, formed 300-plus corporate-startup partnerships, and analyzed more than 3,600 startups. Corporate partners engaged through this ecosystem include ABInBev, Cinépolis, Grupo Bimbo, Siemens, Sura, Bayer, Volaris, and EY — a roster that provides portfolio companies with introductions to some of Latin America's largest enterprises. For founders building in the region, BlueBox offers capital alongside meaningful access to the strategic buyers and corporate partners that drive commercial scale.