MGV Capital Group, a San Antonio, TX-based early-stage venture capital firm, held an initial closing of its new fund, MGV Capital Fund, LLC.
The fund will invest in early stage software technology companies, with a focus on four high-growth areas:
- artificial intelligence/machine learning,
- augmented analytics,
- cloud computing, and
- digital platforms.
The vehicle is on track for a final closing in 2021.
Led by Mariano Gonzalez, General Partner and Founder, MGV Capital Group aims to foster technological innovation and economic growth across North America, by making strategic investments in the most talented entrepreneurs within the region.
In addition to providing startups with early-stage funding, the firm offers its portfolio companies strategy consulting, and access to a strong network of founders, investors and business leaders.