0BS Research
Overview
0BS (Zero Bullshit) is a Mexico City-based angel club and early-stage investment vehicle founded around 2016 under the legal name FINDING OUTLIERS SAPI DE CV. The firm is structured as a group of operators, founders, and ecosystem builders who invest collectively in the next generation of promising Latin American startups. 0BS is known across the LATAM startup ecosystem for its signature value proposition: founders submit a pitch and receive a yes or no decision within 8 days — one of the fastest decision timelines of any institutional investor in the region.
Investment Thesis
0BS operates under what it calls a "zero bullshit" philosophy — radical transparency, speed, and founder-centric terms. Rather than backing a specific sector or technology theme, 0BS is sector-agnostic, choosing to back exceptional founder-market fit and team quality above all else. The fund emphasizes real support from experienced operators — its LP and venture partner base includes founders, executives, and domain experts from companies like Kavak, Bitso, Jüsto, ALLVP, Merama, Moons, 99 minutos, and many others.
The core thesis is that the best early-stage investment signal is the quality and conviction of the founding team, not the market or technology. By investing early (idea through pre-seed) and providing both capital and a deep operator network, 0BS seeks to be the first institutional check for exceptional founders building in Mexico and Latin America.
Stage Focus
0BS invests at the Idea and Pre-Seed stages — targeting startups before they have a fully-formed product or significant traction. This makes them one of the earliest institutional investors in the LATAM ecosystem. They do not typically lead Series A or later rounds, though they provide follow-on support to portfolio companies.
Check Size
Typical check size ranges from $50,000 to $150,000 USD. Some sources indicate checks as small as $25,000 for smaller angel syndications. The fund does not disclose AUM. Given the check size and portfolio size (~40+ companies across two funds), the total fund size is estimated to be in the low single-digit millions of USD.
Lead Tendency
0BS leads rounds. The firm positions itself as the first institutional backer and structures rounds around its investment. They are willing to commit before other investors are on board.
Geographic Focus
0BS invests primarily in Mexico and Latin America (LATAM), with openness to North American (US and Canadian) companies with Latin American connections or targeting the LATAM market. Mexico City is the hub of their network and the primary geography for investments.
Sector Focus
0BS is sector-agnostic. Their two portfolio cohorts span:
- Fintech & Payments: Shinkansen, OneCarNow! (OCN), Finerio, Fairplay, Bemmbo (acquired by Buk, 2025), MagicPay, Ridian/Crosspoint, Zulu
- Healthcare & Healthtech: Prescrypto, Moons, Mora Health, EVA, Miroculus (acquired)
- Enterprise Software & SaaS: Hackmetrix, Bayonet, Axcent, Popular Power, VMind, Allie Systems, Kriptos
- Logistics & Mobility: Liftit, Desteia (formerly Auba AI), Meru, Motai, Kolors, Flexclub
- AI & Emerging Tech: Desteia, VMind, Allie Systems, Flowbase
- Crypto & Web3: Zulu, Ridian
- HRtech & Future of Work: Apli, Ubits, Torre
- Edtech: Lab4U
- Consumer & Entertainment: Beek, Meticulous, Havoc
- Proptech: Ancana, Morada Uno
- Foodtech & Cannabis: Superfuds, Apothca
Decision Process
0BS operates with a partnership model. Decisions are made collectively by the General Partners. The 8-day decision window is a firm commitment. Applications are submitted via a Typeform (https://form.typeform.com/to/zki3Imy6). Warm introductions are beneficial but not required — the firm accepts cold inbound from founders directly.
Portfolio Highlights
Portfolio I (First Cohort):
- Miroculus (Biotech): Molecular testing technology company
- Apli (HRtech): On-demand certified worker placement platform
- Prescrypto (Healthtech): Electronic prescriptions for doctors, clinics, pharmacies
- Liftit (Mobility/Logistics): Cargo transportation marketplace across LATAM
- Finerio (Fintech): Personal finance automation platform
- Ubits (HRtech): Corporate learning and development platform
- Bayonet (SaaS): Anti-fraud and chargeback prevention for e-commerce
- Moons (Healthtech): Invisible orthodontic aligners, prominent Mexico healthtech
- Lab4U (Edtech): Mobile science labs for students across LATAM
- Fairplay (Fintech): Performance-based revenue financing for e-commerce companies
- Beek (Entertainment): Spanish-language audiobook and podcast platform
- Torre (HRtech): Professional network and job marketplace
- Ancana (Proptech): Fractional vacation home ownership in Mexico
- Morada Uno (Proptech): Rental guarantees for landlords and tenants in Mexico
- Flexclub (Mobility): Car subscription service
- Meru (Logistics): Delivery logistics for Mexico
- Kriptos (SaaS): Data classification and DLP software for enterprises
Portfolio II (Current/Second Cohort):
- Shinkansen (Fintech): Financial infrastructure for automated cross-border transfers across LATAM
- OneCarNow! / OCN (Fintech): Vehicle subscription financing for gig economy workers — raised $86M Series A in July 2024
- Hackmetrix (Security SaaS): Cybersecurity compliance and audit management for SMBs/startups
- Desteia (formerly Auba AI — AI/Logistics): AI and graph-theory based supply chain visibility for US-Mexico corridor — raised $11.5M total
- Axcent (SaaS): SaaS consolidator transforming legacy vertical software businesses in LATAM
- Bemmbo (SaaS): Financial process automation — acquired by Buk (Chile) in August 2025, launching Buk Finanzas
- Ridian / Crosspoint (Crypto/Fintech): Institutional cross-border FX platform using crypto rails for instant settlement — raised $6.2M seed
- Popular Power (SaaS): Energy management software
- MagicPay (Fintech): Payment infrastructure
- Zulu (Crypto): International payments ecosystem (15+ countries)
- Mora Health (Healthtech): Digital health platform
- Motai (Mobility): Mobility solutions
- VMind (AI): AI-powered solutions
- Allie Systems (AI): AI automation platform
- Flowbase (AI): AI workflow automation
- Meticulous (Consumer): High-tech cooking appliances with software
- Auba AI (now Desteia): Listed separately on portfolio page; same company post-rebrand
Team
0BS has 9 General Partners, all of whom are operators and founders themselves:
- Vincent Speranza: Managing Director of Endeavor Mexico; experienced ecosystem leader in Mexico startup community
- Leonardo Miron: Co-Founder and former Chief Growth Officer at Rescata; startup operator background
- Gabriel Charles: Startup founder and investor in Mexico ecosystem
- Fede Casas: Partner at 0BS; startup founder background
- Daniela Calleja: General Partner; startup ecosystem operator
- Daniel Undurraga: Founder & CTO of Cornershop (acquired by Uber); serial entrepreneur
- Bernardo Tamez: Co-Founder of 0BS; startup ecosystem leader in Mexico
- Anna Raptis: General Partner; startup investor background
- Adrián Fernández: Managing Director at 0BS; active spokesperson for the fund
Additionally, 0BS has 35+ Venture Partners who are executives and founders from leading LATAM companies including Kavak, Bitso, Jüsto, Merama, ALLVP, 99 minutos, Moons, Heineken, and many others. This operator network is a core part of the value proposition for portfolio companies.
Warm Intro / Application
Founders do not need a warm introduction. 0BS accepts applications directly through their Typeform. The firm emphasizes speed and accessibility as core values.
Notable Outcomes
- OneCarNow! (OCN): Raised $86M Series A in July 2024; now the largest gig fleet in Mexico with 25,000+ customers
- Bemmbo: Acquired by Buk (Chile) in August 2025; created Buk Finanzas business unit
- Desteia/Auba AI: Raised $11.5M total; building AI supply chain visibility for US-Mexico corridor
- Moons: Prominent Mexico healthtech with significant market presence
- Liftit: Grew to be a major LATAM logistics platform
- Daniel Undurraga (GP): Cornershop founder (acquired by Uber)