Hernando is a passionate entrepreneur and investor. He currently serves as a managing partner and is a co-founder of XB Ventures, and is also an angel investor. XB Ventures is Mexico-based VC fund manager that invests in early-stage startups with high-impact models, high growth potential, innovative components, and high-potential founder and management teams. XB Ventures invests in startups that are already operating in international markets, and for which the Mexican market represents an important business opportunity, or for which the Mexican market represents an opportunity for technological development, cost reduction, and highly specialized labor advantages. XB Ventures also invests in top-performer Mexican startups with potential for growth and expansion into other markets.
Before XB Ventures, Hernando was with Latin Idea Ventures, which he joined as an associate in 2010. Latin Idea is a Mexico-based private equity fund manager whose mission is to empower Mexican entrepreneurs to build, finance, and operate technology-related business in the Mexican market. Hernando was involved in the sourcing, due diligence, and structuring of investment opportunities. He was also actively involved in the optimization of operational, administrative and financial processes, and on the implementation of administrative and corporate governance best practices for portfolio companies TecnoIdea (niche sportscar manufacturer), Saber Lite (cleantech lighting), ScreenCast (cinema advertisement), and Interfactura (electronic invoicing and collaboration).
Previously, Hernando founded a search fund in Mexico where he launched a high-tech and a retail startup. He also led the restructuring efforts of a privately held company. From 2001 to 2005 Hernando worked as a consultant for Accenture and BearingPoint where he successfully managed consulting projects throughout Mexico for leading manufacturing, oil, and gas companies.
Education, Personal, and Fellowship
Hernando holds an MBA from the Johnson Graduate School of Management at Cornell University. He graduated, with Honors, from Universidad Iberoamericana Mexico City with a BS in mechanical and electrical engineering. He is fluent in Spanish and English.
Born in Mexico City, Hernando is an avid marathon runner and is a lecturer at Universidad Iberoamericana’s Industrial Engineering School.
As a member of Class 16, Hernando served his fellowship at Latin Idea Ventures under the mentorship of Managing Partner Alex Rossi (Mentor Class 14).