Foley & Lardner LLP recently represented Ironspring Ventures as the lead investor in the $5 million seed round for Solvento, the first fintech focused on the transportation sector in Mexico. Ironspring Ventures was joined by Quona Capital, Proeza Ventures, Dynamo Ventures, Zenda Capital, Susa Ventures, 9yards Capital, and Supply Chain Collective.

Solvento is transforming Mexico’s payment infrastructure for the trucking industry. Through proprietary technology and data, the startup digitalizes the entire audit and payment process for shippers, logistics operators, and carriers. It automates payments, finances invoices, and solves the liquidity need for carriers, allowing them to focus on their operations and growth.

The Foley team was led by Partner André Thoillier and included Partner Fernando Camarena Cardona and Associates Alexander Ravski and Aline Silva.