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Dux Capital’s Milestone: First Close of Second Fund Signals Bright Future for Hispanic-Latino Entrepreneurship

Dux Capital, a venture capital firm with a focus on seed-stage Hispanic-Latino entrepreneurs, has achieved a significant milestone with the first close of its second fund. This initial close was led by Bank of America and attracted investments from prominent Hispanic-Latino investors. Additionally, the firm has announced the appointment of Susana Espinosa de los Reyes, a respected figure in the venture capital investment landscape, as its third partner.

Established seven years ago by Daniel Santamarina and José Luis Silva, Dux Capital is committed to providing strategic capital to Hispanic-Latino entrepreneurs and unlocking their vast potential. The launch of Fund II builds upon the success of Fund I, addressing the ongoing funding gap faced by Hispanic-Latino entrepreneurs despite their substantial contributions to the global economy.

Daniel Santamarina, Managing Partner and Co-founder of Dux Capital, expressed excitement about the partnership with Bank of America, emphasizing its significance for the Latino community and other diverse emerging managers. He highlighted the firm’s strategy to generate alpha by focusing on overlooked founders who have access to untapped markets and talent, thereby contributing to the development of the next generation of Latino leaders.

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