Grupo Proeza-backed venture capital firm Proeza Ventures is focusing on mobility technology and has disclosed some early investments.

Proeza Ventures, a Mexico-based venture capital firm backed by agribusiness, mobility and plastics conglomerate Grupo Proeza, has launched with a $50m first fund.

Founded in 2019, Proeza Ventures will invest in mobility technology developers at series A and B stage, providing roughly $500,000 to $2m for each first investment and additional capital for follow-on deals. It expects the first fund to back between 12 and 15 portfolio companies.

Grupo Proeza’s businesses include automotive components manufacturer Metalsa, and Proeza Ventures will…