Transforming Monterrey into the leading moonshot launching platform of the 21st century – Part 2
by Demo Day Monterrey team
The pandemic and the economic crisis has allowed startups and scale-ups to shuffle the cards and redesign from the ground up by adapting to the ‘new normal’. Never before have the technology and innovation-driven companies had a more competitive advantage in the market.
In this context, a rich and vibrant community of entrepreneurial stakeholder organizations that provides resources for these founders is critical. In this entrepreneurial journey, some companies will decide to accelerate their growth and institutionalize themselves by raising capital from investors, which is an enduring task. Therefore, to democratize access to capital and facilitate the fundraising journey for founders with innovation and technology-driven companies, the Monterrey REAP team created Demo Day Monterrey as one of its initiatives.
Demo Day Monterrey is a Startup & Scale-Up pitch event that unites qualified founders in different stages with investors of the entire funding continuum. On Demo Day, selected founders of technology and innovation-driven companies present their companies in 5-minute pitches. The event is composed of two sections, the Seed stage followed by the Venture & Growth stages (Bridges to A, Series A, Bridges to B, Series B, Bridges to C & Series C rounds).
Currently, Demo Day Monterrey takes place virtually and synchronously via Youtube Live on the last Tuesday of every month. This virtual event allows more founders, investors, and community participants to join and be a part of the experience. To date, 69 startups and scale-ups have pitched to an audience of over 2491 viewers, looking to raise USD$62M in aggregate.
The 10th edition of Demo Day Monterrey was on February 23rd and was joined by 9 startups from places all over America including Mexico City, Monterrey, Houston, presenting solutions that varied from a sustainable subscription of clothing for babies to an App solution that allows anyone to start a dropshipping business by sharing products via social media.
– Demo Monterrey Team –