We imagine it. We build it.
An investment firm that builds companies and backs entrepreneurs. From Mexico to the world.
Builders and investors.
Company building
We work with entrepreneurs to build technology companies, bringing together talent, product and capital.
Investing
We back entrepreneurs and existing businesses, bringing capital and a builder’s perspective.
From idea to company.
We bring founders, product and capital together to build new businesses.
Built with VARIV
- Bankaya — financial access. Co-build.
- Nomipay — payroll infrastructure. Co-build.
- Osmos — people & payroll. Build · merged with Rankmi.
- Zylus — mobile infrastructure. Co-build.
- Sttega — business finance. Co-build.
- Volana — microbusiness credit. Build.
- COMETA — venture capital. Historical build · distinct firm today.
Bankaya · The company story
Financial access, closer to everyday life.
People underserved by traditional banking need financial services that are easier to access. A digital financial platform in Mexico, connecting everyday payments, savings and access to credit.
VARIV’s role
Co-built with VARIV. Diego Vargas is a co-founder alongside Ramón Chedraui and Mauricio Cordero.
Company milestones
Osmos · The company story
Making the complexity of payroll manageable.
Payroll is essential to every company. Managing it should not hold a people team back. A Mexican payroll technology business that became part of Rankmi’s human resources platform.
VARIV’s role
A VARIV build, co-founded by Rodrigo Smeke, Ale Manzo and Diego Vargas.
Company milestones
A new stage with Rankmi.
Rankmi announces the merger with Osmos alongside its Series A. The announcement covers two transactions, not a standalone valuation of Osmos.
Source
A useful idea has to work.
Start with a real problem. Test a working solution. Keep learning.
Capital with an operator’s eye.
Building companies shapes how we evaluate and back them.
Investment history
Across industries and stages. Includes historical relationships and exits.
- 1Money — payments infrastructure. Seed · 2025.
- SPAKIO — storage & logistics. Early stage · 2023.
- PayJoy — financial access. Early stage · 2017.
- Glovo — local commerce. Early stage · 2015 · exited.
- Wallapop — circular commerce. VARIV I · 2014 · exited.
- iVoy — last-mile logistics. VARIV II · 2015 · exited.
The original funds
VARIV Capital became COMETA in 2019. COMETA is a distinct firm today. COMETA history
Full relationship index
- 1Money · 2025 · Seed financing
- 500 LATAM · 2013 · Early stage
- Agua Mágica · 2019 · Early stage
- Ancana · 2019 · Early stage
- APLI.K · 2012 · Growth
- BEWE · 2015 · Historical · VARIV II
- Bitso · 2016 · Historical · VARIV II
- Bnext · 2019 · Historical · VARIV II
- Cabify · 2015 · Historical · VARIV II
- Care/of · 2017 · Early stage · exited
- Conekta · 2015 · Historical · VARIV II
- Consubanco · 2022 · Growth
- Creze · 2019 · Buyout
- DayStore · 2021 · Early stage
- FACEIT · 2012 · Early stage · exited
- GAIA · 2015 · Historical · VARIV II
- Glovo · 2015 · Early stage · exited
- GPF Capital III · 2022 · Growth
- HeroGuest · 2022 · Early stage
- InstaFit · 2013 · Historical · VARIV I
- iOOGO · 2022 · Early stage
- iVoy · 2015 · Historical · VARIV II · exited
- JOKR · 2021 · Early stage
- Juxtapose · 2016 · Early stage
- Kueski · 2016 · Historical · VARIV II
- MPOWER · 2017 · Historical · VARIV II
- Ocho · 2021 · Early stage
- Omniprinter · 2014 · Growth
- PayJoy · 2017 · Early stage
- Skydropx · 2018 · Historical · VARIV II
- SPAKIO · 2023 · Early stage
- Wallapop · 2014 · Historical · VARIV I · exited
- Welcome Tech · 2018 · Historical · VARIV II
- Yotepresto · 2018 · Historical · VARIV II
Our people
Diego Vargas
Co-founder & Managing Partner. Company building across financial access, software and infrastructure. Co-founded Bankaya, Osmos and the firm that became COMETA. Biography
Neto Vargas
Co-founder & Managing Partner. Entrepreneurial experience across Nomipay, iVoy and COMETA, alongside creative and environmental projects. Biography
Lea Díaz
Head of Venture Capital. Investment experience across venture capital, corporate finance and fintech. Biography
Mimoun Cadosch
Associate. Experience in corporate finance and mergers and acquisitions. VARIV team
Andrés Ollivier
Analyst. Experience across financial services and corporate acquisitions. VARIV team
Our history
2012 · A venture practice begins.
VARIV Capital is founded—the firm later known as COMETA. Source
2019 · Two distinct paths.
COMETA takes its name. Diego and Neto leave operational roles to focus on VARIV. Source
2023 · A company’s next stage.
Osmos merges with Rankmi, connecting payroll with a broader people platform. Source
2026 · Backing the next stage.
SPAKIO announces a seed extension with VARIV and Liverpool, as reported by TechLA. Source
The ecosystem
Shared spaces for work, culture and fresh perspective.
Bahía
A shared home for our teams and collaborators.
Crania
Art, music and encounters in San José del Cabo.
FROM THE PROGRAMME · 2025
Mira Invites
Resident artist Mira launched her own event series at Crania in 2025. A place for artists to shape the programme, as well as perform.
The resident’s storyThe Ranch
Crania programmeFrom the field
JUN 2026 · SPAKIO expands its seed round.
A reported extension with participation from VARIV and Liverpool. TechLA
DEC 2025 · 1Money opens its business platform.
Stablecoin infrastructure moves into a platform for business payments. 1Money
MAR 2023 · Osmos and Rankmi come together.
A new chapter for a company built with VARIV. Rankmi
What are you working on?
Tell us what you’re building, the problem it solves, and where you could use a partner.