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How To Uplift The Next Generation Of Latino Fund Managers

In recent years, Latine business owners have shown significant growth. But year over year, investment numbers lag behind the trend. Average monthly business applications were 50% higher in 2021-2023 than in previous years, with nearly one quarter of all new entrepreneurs identifying as Latino, per the Treasury Department. Meanwhile, in that same year, Latinos only received 2% of venture funding, Wired reported. Similar representation was reflected in the number of investment partner positions held by Latinos in U.S. venture capital firms, reported as 5% by Venture Forward, the National Venture Capital Association and Deloitte.

From Latinx to Latinx, Dux is an early-stage VC fund dedicated to investing solely in diverse and emerging start-ups led by outstanding Latinx founders in the USA. Dux II is a $35 million seed VC fund that plans to invest in 20 target portfolio companies raising their pre-seed and seed rounds, focusing on Latinx founders in the USA who operate in industries where Dux has background, knowledge, and network. 

“Our partnership with Bank of America is an exciting development for the Latino community and other diverse emerging managers,” said Susana Espinosa De Los Reyes, Partner of Dux Capital.

“Our team anticipates delivering alpha by focusing on overlooked founders with access to untapped markets and talent, all while contributing to the growth of the next generation of Latino leaders.” aid Daniel Santamarina, Managing Partner and Co-founder of Dux Capital.

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