investment decisions—about 80% of their portfolio consists of startups led by immigrants, people of color, and women. Mendoza started off as a pilot fund in 2016; after an exit and the realization that they had good traction with early-stage startups in Boston, Adrian and Senofer decided to focus exclusively on the seed-stage and formally launched Mendoza Ventures Fund II in 2019. Since then, the firm has made twelve investments and recruited senior managers, C-level executives, and domain experts as operating partners from places like State Street, Amazon Web Services, and Microsoft and strategic investors like Carta and Grasshopper Bank. In 2022 Mendoza Ventures opened a San Francisco office with the hiring of fintech veteran Asya Bradley as a senior partner. The firm is currently raising its third fund, a 100M fund anchored by Bank of America, focused on Series A to C funding rounds.