# Rio Grande

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rio-grande

- Industry: Business Support Services
- Headquarters: Mexico City, Mexico
- Website: www.riogrande.co
- Total disclosed funding: $12M
- Latest round: Seed (Mar 1, 2022)
- Investors on record: 4

## About

Based in Mexico, and founded in 2021 by its CEOs, Tono Mandly and Ivan Amelong, with COO Federico Naides, Rio Grande LLC operates as an e-commerce brand incubator. In March 2021, Rio Grande LLC raised an undisclosed amount in seed funding from new investors, Magma Partners, Streamlined Ventures, and Y Combinator. In March 2022, Rio Grande LLC raised USD 12 million in seed funding, co-led by returning investors Wollef and Y Combinator, with participation from individual investors.

Rio Grande LLC operates as an e-commerce aggregator that offers e-commerce entrepreneurs the opportunity to build local brands for the middle class and lower class through incubation and purchase. Through the acquisition, the company’s offerings focused on a range of brands such as home, kitchen, and beauty.

The company plans to use the March 2022 funding to further develop its technology and acquire more businesses.

## Funding rounds

- Seed, Mar 1, 2022, $12M — Y Combinator, Wollef
- Seed, Mar 23, 2021 — Y Combinator, Streamlined Ventures, Wollef, Magma Partners

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Streamlined Ventures (https://capitalatlas.ai/funds/streamlined-ventures) — Seed
- Wollef (https://capitalatlas.ai/funds/wollef) — Seed
- Magma Partners (https://capitalatlas.ai/funds/magma-partners) — Seed