EMPOWERING

the Next Generation of Tech Entrepreneurs in the Southwest+Mountain region & LATAM and PROMOTING Cross-border innovation

No Border Ventures – Bridging Innovation Across Borders
VISION

No Border Ventures (NBV)

aims to be a platform that builds ecosystems, promotes cross-border innovation, and supports good founders with good ideas for a better world

UNIQUE VALUE PROPOSITION TO FOUNDERS:

Robust operational and investing experience in financial services and technology (in both the US & LATAM), plus a broad and robust network of coinvestors & collaborators to support early stage founders through the launch and scaling of their ventures.

ETHICAL
COMMITMENT:

Ethical investing & support like-minded founders. As such, NBV supports the Mensarius Oath for ethical investing, indicating a commitment to integrity and responsible investment practices.

MISSION AND
VISION:

NBV is committed to fostering a more diverse venture capital landscape that delivers a better world and generates economic development in the regions in which we invest and operate.

The Team

Our founders share a long-standing relationship. Their journeys began along the U.S. – Mexico border, in the cities of Juárez (MX) & El Paso (TX)

Alejandro Muñoz Mendieta

Managing Partner
Experience:
School:

Andy Vargas-Hernandez

Managing Partner
Experience:
School:

Andy Vargas-Hernandez

Managing Partner
Experience:
School:
WHY

Launch NBV

Empower Southwest + Mountain Entrepreneurship

Promote Cross-Border Innovation

Diversify VC Landscape

Robust operational and investing experience in fin. serv. and tech (US & LATAM)

Ethical investing & support like-minded founders

Advisors

Sergio Monsalve
Successful investor and entrepreneur who has been a founder, board member, and investor in several unicorns such as Kahoot!, Udemy, and Adaptive Insights during his decade-long career as Partner at Norwest Venture Partners. Sergio also held leadership roles at high-growth tech companies like eBay, PayPal, and Portal Software. He is a professor of entrepreneurship and innovation at Stanford, and is currently the Founding Partner at Roble Ventures. Sergio attended Stanford University for his undergraduate degree in Industrial Engineering, and received his MBA from Harvard University.
Angela Sun
Experienced leader in the public, private, and nonprofit sectors committed to gender equity and human rights in business. She´s a Board Director of Western Union, Apollo Strategic Growth Capital, and Cushman & Wakefield. She was previously Chief of Staff to the CEO at Bloomberg LP. She holds a bachelor’s degree from Harvard College and a J.D. from Harvard Law School.
Alejandra Ríos
Alejandra Ríos is a business leader and passionate investor. As CEO of Ambrosía, she has guided one of Mexico’s largest food and event companies to new heights of success. In addition, Alejandra is known for her influence in the startup world as one of the ‘sharks’ on Shark Tank Mexico, where she has demonstrated her ability to discover and support new entrepreneurial talent. Alejandra holds a bachelor´s degree from the Monterrey Institute of Technology and an MBA from Harvard University.
Gary Hedrick
Worked at El Paso Electric for more than 30 years in various positions including President and CEO, served on the El Paso Electric (NYSE – EE) board from 2001 until 2009. He was also a Clinical Professor of Corporate Enterprise at the University of Texas at El Paso. He has an MBA and a BBA from the University of Texas at El Paso.
Gad Allon
A distinguished academic and educator, currently serving as the Jeffrey A. Keswin Professor and Professor of Operations, Information and Decisions at The Wharton School of the University of Pennsylvania. Beyond his academic accomplishments, Allon is recognized for his contributions to educational technology and innovative teaching methods. He is the co-founder of ForClass, a platform designed to enhance student engagement and accountability in the classroom. Allon has a rich educational background with a PhD in Management Science from Columbia Business School in New York, and Bachelor and Master degrees from the Israeli Institute of Technology.

Industry Focus

SaaS

(including AI/ML)

Fintech

Supply Chain Tech / Advanced Manufacturing /Aerospace

Cleantech/
Climatech

Healthtech

Future of Work
& Edtech

01

Growth

of the Southwest entrepreneurial ecosystem and cross-border expansion opportunities.

02

Commitment

to diversity in venture capital and ethical investing.

03

Emphasize

their long-term vision for NBV, including ecosystem building and economic impact.

Winning Deals - Pfl. Construction

01.

STAGE FOCUS

02.

UNDERLYING INVESTMENTS

03.

AVERAGE INITIAL INVESTMENT

04.

ENTRY POINT VALUATION

05.

20%
CAPITAL RESERVES FOR FOLLOW-ONS

06.

GEOGRAPHIES INVESTED
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