096: Senofer Mendoza of Mendoza Ventures

Boston Speaks Up

Senofer Mendoza is the Founder and General Partner at Mendoza Ventures, a woman-owned and the first Latinx-founded VC fund on the east coast. In the ever-evolving landscape of venture capital, Mendoza stands as an innovation economy trailblazer and an advocate for diversity and inclusion. Mendoza has a creative background having previously worked as an interior designer for Parker Torres Design. During her stint at the design house, Mendoza was able to work on some exciting projects, most notable would be her design work for Boston’s beloved Fairmont Copley Plaza. Although Mendoza took pride in her creative abilities, she quickly realized to reach her full potential she needed to take fuel from her passion of bringing equity to women in VC and underrepresented founders around the world. Through Mendoza Ventures, she and her team focus on investments in fintech, AI, and cybersecurity, with diversity playing an important role in their investment decisions – about 90% of their portfolio consists of startups led by immigrants, people of color, and women. Since its founding seven years ago, Mendoza Ventures has raised two funds and had two successful exits. Bank of America Corp. is an anchor investor for the new $100 million fund managed by Mendoza Ventures, announced in January 2023. Mendoza's outstanding contributions have been alluring attention from the Boston community, and beyond. In 2022, Axios Magazine recognized her as one of the five most influential people in Boston. Shortly after, the LA Times honored her firm as a DEI visionary as one of California’s most prominent game-changers and thought leaders in the business world today. Currently, she sits on the NACIE, the National Advisory Committee for Innovation and Entrepreneurship. Mendoza's remarkable journey, from an advocate for diversity to the founder of the groundbreaking Mendoza Ventures, exemplifies her unwavering commitment to driving positive change in the VC landscape. As an influential figure and pioneer, she continues to pave the way for underrepresented voices in entrepreneurship. We were fortunate to sit down with Senofer at Startup Boston Week to discuss her career journey and her vision for a more equitable future for the startup community.