Investment Associate Ventures - Mercy Corps

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Location and Work Mode

Central America or Mexico (Remote)

Who we are

Mercy Corps is powered by the belief that a better world is possible. To do this we know our teams do their best work when they are diverse and every team member feels that they belong. We welcome diverse backgrounds perspectives and skills so that we can be stronger and have long term impact.

Mercy Corps Ventures invests in and catalyzes ventureled solutions to increase the resilience of underserved individuals and communities. Founded in 2015 as the impact investing arm of global development agency Mercy Corps weve supported 47 earlystage ventures to scale and raise over $400.4 million in followon capital. Our portfolio is 48% femalefounded and centers around resiliencebuilding solutions in adaptive agriculture and food systems inclusive fintech and climatesmart technologies so that those living in frontier markets can withstand disruption and plan for the future. Through capital and support piloting new approaches actionoriented insights and rigorously managing impact we catalyze the ecosystem toward smarter more impactful investments.

As part of our focus on innovative technology Mercy Corps Ventures works with partners to responsibly pilot test new products and services tailored to un/underbanked and lowincome populations.

Our impact

Through our Venture Lab MCV runs pilots with startup partners to test out innovative technological solutions to major global challenges. To date we have launched 14 pilots in 10 countries deploying over $2M to reach 30000 participants and beneficiaries. We have worked with 35 funders and partners (85% from underrepresented groups) and our pilots have an 83% scaleup rate.

These pilots are codesigned alongside pilot partners to test out key hypotheses and learning questions. Pilots are grantfunded by MCV 612 months long and focused on building an evidence base for the wider ecosystem by transparently sharing insights and lessons learned.

The Venture Lab is focused on a variety of frontier technology solutions including climate smart technologies agtech and inclusive fintech innovations. Our Climate Venture Lab is focused on catalyzing cuttingedge solutions for climate resilience in emerging markets. We will be piloting new technologies to help the 3.3 billion people whose daily lives are at risk and highly vulnerable to climate change.

Purpose of the position

Whether you have a burning desire to dive into venture investing or you already have venture investing experience and are looking to hone your VC craft this consulting opportunity is for you. Partner with an active global earlystage impact venture firm with significant dry powder to deploy and help them find and back the most disruptive trailblazers in agtech agrifoodtech and climate tech.

This is for you if:

• You are excited to advance your journey into VC as the lead on Mexico and Central American pipeline and portfolio with a toptier investor that is actively deploying and will give you significant transaction exposure
• You are passionate about entrepreneurs and share the belief that highimpact startups are the best engines for driving sustainable equitable and resilient impact at scale

You might be:

• A rockstar Senior Analyst at a VC fund who is looking to advance in your career with a more senior role in an agile fund that is passionate about disrupting food systems and driving climate resilience;
• An investment professional with a strong track record investing in startups who is eager to apply your skills to a new asset class and pursue a career as a venture capitalist; or
• A recovering entrepreneur Investment Banker Strategy Consultant or incubator/accelerator manager with unparalleled networks and experience in Mexico and Central America who has a growth mindset and is excited to drive the startup ecosystem from an investor perspective.

The Investment Associate will join Mercy Corps Ventures growing investment team. They will play a critical role in building out our investment portfolio in Latin America according to our Resilient Future Thesis.

The Investment Associate will act as the tip of the spear in generating attractive pipeline and leading deals through to closure in Mexico and Central America with the support and collaboration from the Latam Partners and other senior investment team members. They will be involved in the full investment lifecycle from sourcing due diligence negotiations and closing of seed and early stage direct investments. The Associate will have the opportunity to take an active role on supporting portfolio companies postinvestment. The ideal candidate thrives in independent and virtual team environments is a proactive and natural networker and able to build a deep pipeline of investable opportunities identify promising deals and collaborate with our team and extensive roster of advisors to successfully close investments.

This is an opportunity to work in a highly entrepreneurial environment with team members who are passionate about identifying and collaborating with talented entrepreneurs to turn their ideas into reality. Individuals who would thrive in our environment demonstrate a strong work ethic selfmotivation intellectual curiosity emotional intelligence and humility. They also take their work seriously but know how to have fun along the way. Moreover they will be an unparalleled opportunity to cocreate foster and scale the next generation of deeply impactful startups in some of the worlds most dynamic frontier markets.

We are growing significantly over the next 24 months so there will be a variety of career growth paths for the Investment Associate within our family of funds.

This will be a fulltime consultancy. We are happy to answer questions about how this works and the benefits or limitations of this during the interview process.

The application process will include the following steps and the interview process will be completed in April:

• Indication of interest via Jobvite
• Supplemental information: we will ask shortlisted candidates to submit a short Google Form for our team to better understand your profile
• Initial interview: we will conduct a video interview with the shortlisted candidates to discuss fit and experience as well as to give candidates an opportunity to ask questions about the role
• Offline case exercise: you will complete an offline case exercise which helps us to better determine your suitability for the position along with a video interview to review your case
• Final interview: MCV leadership team will conduct a video interview with the finalists to make a final decision.

Activities

INVESTMENT MANAGEMENT (70%)

• Foster strong relationships and facilitate deeper connections between Mercy Corps Ventures and strategic partners in Latin America including with incubators accelerators peer investors and other ecosystem actors with a priority focus on Mexico and Central America focused on target sectors for the region (agtech agrifoodtech climate tech).
  
• Develop a deep and broad pipeline of potential investments that meet the MCVs investment theses and criteria in the target geographies (>250 annually)
• Leverage MCV advisors Mercy Corps experts & partners and your own network to conduct comprehensive diligence on potential investments covering commercial financial market legal governance and HR aspects of potential investments
• Develop investment analysis and market research to inform investment decisions and consolidate information of investments clearly and succinctly in investment documentation
• Present investment opportunities to the Investment Committee for debate and approval
• In collaboration with the Managing Partner and Partner lead investment structuring negotiation documentation and execution
• Lead deal closing processes including local legal due diligence definitive document development and any other regulatory requirement
• Support other investment team members in due diligence and investment opportunity decision making
  
• Attend external events and serve on the MCV Team Global Investment Committee providing input and votes on all investments across MCVs global portfolio.
• Build an unparalleled network of founders coinvestors and advisors in target MCV investment markets

PORTFOLIO MANAGEMENT (30%

• Work with Managing Partner and Partner to oversee and manage future portfolio companies. This entails strategic advisory attending board meetings and guiding MCV on how it can engage portfolio companies.
• Provide strategic support to portfolio companies such as input on strategic initiatives and strategies to grow and scale operations and clients
• Ensure all portfolio data is collected analyzed and reported internally and externally
  
• Actively participate in MCVs investment strategy setting meetings and analysis of portfolio composition and structuring throughout the year
• Expected to maintain close working relationships with leaders in the Ventures team and other senior level leaders within Mercy Corps and partner organizations

Required Experience & Skills

• Bachelors degree in Business or related field; MBA a plus
• 3 years of business experience with a proven track record in either: Venture capital investing in Latin America
• Other investment experience (e.g. private equity impact investing investmentbanking or other fund investing) with some experience in preferred equity SAFE and convertible note instruments preferred but not required
• Entrepreneurship incubation/acceleration or strategy consulting with strong networks and experience in Mexico and Central America focused on MCV thematic areas
• Primary domain expertise in agtech / agrifoodtech and climate tech (experience in fintech is a plus)
• Strong base of knowledge in fundamentals of financial analysis including fluidity navigating excel and evaluating financial statements financial projections and valuations term sheets and unit economics.Ideally youve been building pioneering solutions in frontier markets at some point and maybe youve played multiple roles in the ecosystem previously to see how VCs angels startups and growth stage companies across multiple sectors and geographies work
• Unmatched network of contacts (investors angels accelerators talent startups)
• Handson operational experience as a founder or executive team member of a startup in an emerging market or challenging context a plus.
• Track record (as an investor or management consultant) in providing advisory and technical support to companies in emerging markets a plus
  
• A teamoriented lowego individual who works collaboratively in a highperformance environment; just as comfortable strategizing in a boardroom with the Clevel team of a startup as chatting with a smallholder farmer customer in Mexico
• Excellent communication and interpersonal skills able to articulately craft an argument and defend a position
• Fluent in written and spoken English and Spanish.

Minimum Qualification & Transferable Skills

• Bachelors degree in Business or related field
• 6 years of business experience with a proven track record in early stage venture capital investing and/or impact investing in Latin America (Strong preference for candidates that have previously supported or led equity debt and quasiequity impact investment deals)
• Fluent in written and spoken English and Spanish
• Primary domain expertise in agtech/agrifoodtech and/or climate tech (experience in fintech is a plus)
• Ideally youve been building pioneering solutions in frontier markets at some point and maybe youve bounced around the ecosystem some so youve seen how VCs angels startups and growth stage companies across multiple sectors and geographies work
• Unmatched network of contacts (investors angels accelerators talent startups)
• Handson operational experience as a founder or executive team member of a startup in an emerging market or challenging context a plus
• Track record (as an investor or management consultant) in providing advisory and technical support to companies in emerging markets a plus
• A teamoriented lowego individual who works collaboratively in a highperformance environment; just as comfortable strategizing in a boardroom with the Clevel team of a startup as chatting with a smallholder farmer customer in Guatemala
• Excellent communication and interpersonal skills able to articulately craft an argument and defend a position.

Success Factors

The ideal candidate will have a proven track record as an investment professional in venture capital or related fields and must be a fast learner independent and selfdriven. The candidate will be expected to proactively drive forward key aspects of new investments with support from senior investment leadership. This will require a highly analytical person able to quickly and efficiently assess analyze and isolate a wide range of business opportunities and risks including performing financial analysis with a high degree of precision and professionalism.

A strong networker this person will also have wellestablished relationships with entrepreneurs management teams industry analysts other investors and service providers that they utilize to proactively identify investment opportunities. They will be energized to represent MCV at industry events demo days and conferences in Mexico and Central America and raise MCVs profile in the region. In addition the ideal candidate will have experience investing in and/or growing innovative companies in frontier markets and a demonstrated commitment to social impact. They will have the desire and ability to play an impactful role in a highly collaborative dynamic missiondriven and teamoriented culture.

A superb communicator this person is adept at synthesizing complex information and concepts and expressing them in approachable ways. The ideal candidate has a demonstrated passion for harnessing business and technology to solve challenges facing the worlds most vulnerable communities.

The fulltime consultancy is expected to be based in Mexico with a strong preference for candidates living in Mexico City. (Preference will be given to candidates based in Mexico City but candidates in other geographies in Mexico and Central America are welcome to apply and will be considered on an individual basis.) This consultancy may require up to 50% travel across Mexico and Central America and other markets as relevant. This consultant is expected to travel unaccompanied often which may include some weekends. Constant communication is important where infrastructure allows.

Candidates must hold authorization and full resources and capabilities to work independently as a consultant for MCV in Mexico as this cannot be provided or facilitated by Mercy Corps. We are willing to discuss more about how this works during the interview process.

Diversity Equity & Inclusion

Achieving our mission begins with how we build our team and work together. Through our commitment to enriching our organization with people of different origins beliefs backgrounds and ways of thinking we are better able to leverage the collective power of our teams and solve the worlds most complex challenges. We strive for a culture of trust and respect where everyone contributes their perspectives and authentic selves reaches their potential as individuals and teams and collaborates to do the best work of their lives.

We recognize that diversity and inclusion is a journey and we are committed to learning listening and evolving to become more diverse equitable and inclusive than we are today.

Equal Employment Opportunity

Mercy Corps is an equal opportunity employer that does not tolerate discrimination on any basis. We actively seek out diverse backgrounds perspectives and skills so that we can be collectively stronger and have sustained global impact.

We are committed to providing an environment of respect and psychological safety where equal employment opportunities are available to all. We do not engage in or tolerate discrimination on the basis of race color gender identity gender expression religion age sexual orientation national or ethnic origin disability (including HIV/AIDS status) marital status military veteran status or any other protected group in the locations where we work.

This will be a fulltime consultancy for approximately 12 months