Chinese VC firm Acacia and consortium acquired stake in Mexican startup for $5.3 million

Acacia Venture Capital Partners, a VC firm based in Shanghai and a consortium has acquired stake in PideDirecto, a Mexican ride delivery startup for $5.3 million.

Founded in 2020, PideDirecto is a digital ordering and delivery platform that enables any business to offer a branded on-demand delivery service to their own clients. (Founded in 2020, Acacia Venture Capital Partners is a venture capital company based in Shanghai that specializes in seed, start-up, and early-stage investments with Edmond Hui as their founder)

Acacia Venture Capital Partners is listed in the Chinese Private Equity and Venture Capital Directory with the code PJ28.

What we like about the deal:
Acacia is established in 2020, but has managed to invest in a great portfolio of startups and companies all over the world. Well done team Acacia!