Daniel Vogel

Co-Founder & CEO at independent

Reviewed Updated Jun 30, 2026

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Location Mexico City, Mexico
Check Size $100K-$5M (via Xochi Ventures; individual angel checks smaller)
Last Verified Investment Gondi (Seed) — ~2023
Social @vogelbit LinkedIn
Stage Focus
seed series-a
Sector Focus
fintech crypto latam logistics payments

Background

Daniel Vogel is the co-founder and CEO of Bitso, the largest cryptocurrency exchange in Latin America 12. He grew up in Mexico and studied at Stanford University, graduating in 2009 with a BA in Economics and a BS in Computer Systems Engineering 23. He later earned an MBA from Harvard Business School in 2015 23.

Before founding Bitso, Vogel worked as a software engineer at Quantcast in San Francisco, where he built a real-time bidding system that became central to the company’s revenue 3. A colleague at Quantcast introduced him to Bitcoin, sparking a fascination he described in an interview: “After reading Bitcoin’s white paper back in 2010, I was fascinated with the idea that there was no need for a centralized system in order to create monetary value” 4.

Vogel co-founded Bitso in 2014 alongside Pablo González and Ben Peters, whom he met while pursuing his MBA at Harvard 45. Under his leadership, Bitso raised a $250 million Series C in May 2021 at a $2.2 billion valuation, co-led by Tiger Global and Coatue, with participation from Paradigm, BOND, Valor Capital Group, QED, Pantera Capital, and Kaszek — making Bitso the first crypto unicorn in Latin America 67.

Vogel has been recognized as an MIT Technology Review “Innovators Under 35 Mexico” (2016), a MassChallenge Gold Winner (2016), a “Digital Leader Mexico” designation from the Mexican government, and a Global Endeavor Entrepreneur 3. He co-founded Fintech México, the industry association, and is a Partner at Xochi Ventures, a member-led early-stage venture fund focused on Latin America and the US 189.

Stated Thesis

Vogel has not published a formal individual investment thesis. His public statements emphasize crypto as financial infrastructure for Latin America rather than as speculative asset. In the announcement of Bitso’s Series C, he stated: “In some parts of the world, crypto is associated with speculation. Bitso’s customers rely on the technology for everyday uses from receiving remittances to engaging in international commerce” 6.

As an investor, his most consistent public frame is that stablecoin-based payment rails are the natural architecture for global commerce. He has said: “If global commerce didn’t exist and it would start existing today, and someone were to say, how do I build a payments network… it would need to be on a stable coin. No one would invent correspondent banking” 10.

Xochi Ventures, where he is one of twelve partners, describes itself as “Latin America’s premier Venture Capital Fund,” targeting seed-stage companies transforming Latin America 8. According to Tracxn, Xochi’s typical seed check size averages approximately $4.5M, with a stated range of $100K to $5M and a “sweet spot” around $2.5M 911.

Inferred Thesis

Sample size caveat: Vogel’s individual angel and Xochi-attributed investment record is small — Tracxn lists roughly seven angel investments in his personal portfolio, and Signal by NFX shows six with named rounds 1112. Of these, only two rounds have been independently confirmed via primary press sources (Jeeves Series A and Nowports Series C). The sample is too small to compute meaningful percentages; qualitative patterns follow.

Based on the verified and secondary-source portfolio (7 companies), the following patterns hold:

  • Sector: Almost exclusively fintech and adjacent enterprise software. Jeeves (corporate expense/cross-border), Clara (corporate cards, Mexico), Nowports (digital freight forwarder, LatAm), Reworth (transaction-data fintech), Cubo (SMB fintech), Gondi (fintech infrastructure). Latitud and Wemerang are the outliers (venture platform and consumer, respectively).
  • Geography: Predominantly Latin America — Mexican and Brazilian founders dominate the list, with Miami-headquartered LatAm-facing companies (Jeeves) also represented.
  • Stage: Skews seed and Series A. Nowports Series C is the exception and was a growth-round check via the SoftBank-led round.
  • Co-investor pattern: He is repeatedly grouped with other LatAm operator-angels in the same rounds — David Vélez (Nubank), Carlos García Ottati (Kavak), Sebastián Mejía (Rappi), Florian Hagenbuch (Loft), Ricardo Amper (Incode), Alex Bouaziz (Deel), Roger Laughlin (Kavak) 1314. This suggests a LatAm founder-mafia dynamic where operator-CEOs invest together in each other’s networks.
  • Delta vs. stated: His public voice is heavily focused on crypto and stablecoins, but his actual angel portfolio is overwhelmingly non-crypto fintech and logistics. This is a meaningful gap: Vogel’s angel activity looks more like a LatAm operator diversifying into the broader regional fintech ecosystem than a thesis-driven crypto investor.

Portfolio

Only rounds with independent press confirmation are marked with a primary-source citation; others cite aggregators (Signal by NFX / Tracxn) that were verified as the current data. Every entry below is a personal angel check attributed to Daniel Vogel, not to Xochi Ventures or Bitso.

Company Year Stage Source
Clara 2021 Series A 12
Jeeves 2021 Series A 1314
Latitud 2022 Seed 12
Wemerang 2022 Pre-Seed 12
Reworth 2022 Seed 1112
Cubo 2022 Seed 11
Nowports 2022 Series C 1516
Gondi 2023 Seed 1112

Xochi Ventures, where Vogel is one of twelve partners, additionally counts Bitso, Camino Financial, Cerby, Collective Academy, Finkargo, FloatMe, Flourish Fi, Kitchenita, Mattilda, Melonn, Moons, and Ventup among its portfolio companies 89. These are firm-level investments and are not attributed to Vogel individually.

In Their Own Words

On making crypto useful (Bitso’s mission): “Bitso offers products and services for individuals and businesses to use crypto in their everyday life” 6.

On crypto’s role in Latin America (Bitso Series C announcement, May 2021): “This is a pivotal moment for the future of finance in Latin America. We see a significant amount of traditional financial infrastructure in the region being replaced by crypto” 6.

On stablecoins as payment infrastructure: “If global commerce didn’t exist and it would start existing today, and someone were to say, how do I build a payments network… it would need to be on a stable coin. No one would invent correspondent banking” 10.

On learning as a business practice: “The rate of learning is very important for the future of society, and the way in which you run your business, the way in which you educate yourself, your families” 10.

On transparency inside Bitso: “We used to not be as transparent… people had no idea what was going on. They had no idea whether the business was profitable, whether it was not profitable” 10.

On the drive to build: “Most people have dreams and they don’t go after them, just because they don’t have the drive to go after them… I think we are, most of the time, the limiting factor in achieving our dreams” 10.

On his first exposure to Bitcoin: “The next thing I knew, it was daylight, and I had spent the whole night reading about Bitcoin” 17.

On the early perception of crypto: “This is a scam; this is a pyramid scheme” — describing how his family and colleagues initially reacted to his interest in Bitcoin 17.

On raising Bitso’s earliest capital: “It was so difficult. The first time we did a fundraise, it was super hard” 17.

On his motivation as a founder: “The thrill of starting things was always more about the thrill of doing something and less so about the thrill of starting a company” 17.

On financial equality (2019 interview): “The least egalitarian products and services are the traditional financial products… This technology (crypto) is giving access to equal financial services, no matter who you are or what you have” 4.

On the discovery of Bitcoin’s use case (2019): “An exchange was what LatAm needed in order to enable crypto adoption in the region because it would allow people and businesses to convert Bitcoin into liquidity” 4.

What Founders Say

No independently sourced founder testimonials about Daniel Vogel as an angel investor were found after dedicated searching across press coverage, portfolio-company launch announcements, and social media. Vogel’s public profile is dominated by his operator role at Bitso rather than by portfolio-founder testimonials.

Connections

  • Co-founder, Bitso — alongside Pablo González and Ben Peters (CTO) 45.
  • Co-founder, Fintech México — the country’s fintech industry association 13.
  • Partner, Xochi Ventures — one of twelve partners at the LatAm-focused early-stage venture fund 89.
  • Latitud Angel Fellowship — inaugural cohort member of the Latitud fund’s angel program 18.
  • LatAm operator-angel network — repeatedly co-invests alongside David Vélez (Nubank), Carlos García Ottati (Kavak), Sebastián Mejía (Rappi), Florian Hagenbuch (Loft), Ricardo Amper (Incode), Alex Bouaziz (Deel), and Roger Laughlin (Kavak) in Jeeves and Nowports rounds 13141516.

Sources

  1. Milken Institute, “Daniel Vogel — Speaker profile,” accessed June 2026. https://milkeninstitute.org/events/global-conference-2026/speakers/daniel-vogel↩↩↩

  2. Wharton FinTech / Medium, “Daniel Vogel, Co-Founder and CEO of Bitso — Fundamentally Changing Financial Services via Crypto,” Anirudh Singh, accessed June 2026. https://medium.com/wharton-fintech/daniel-vogel-co-founder-and-ceo-of-bisto-fundamentally-changing-financial-services-via-crypto-a70aad703b5↩↩↩

  3. Americas Society / Council of the Americas, “Daniel Vogel — Speaker profile,” accessed June 2026. https://www.as-coa.org/speakers/daniel-vogel↩↩↩↩↩

  4. The Org, “The ‘Bitcoin Guy’ Who’s Changing Latin America’s Financial Ecosystem,” accessed June 2026. https://theorg.com/iterate/the-bitcoin-guy-whos-changing-latin-americas-financial-ecosystem↩↩↩↩↩

  5. FounderTrace, “Bitso Founders,” accessed June 2026. https://foundertrace.com/companies/bitso/↩↩

  6. TechCrunch, “With backers like Tiger Global, LatAm crypto exchange Bitso raises $250M at a $2.2B valuation,” Mary Ann Azevedo, May 5, 2021. https://techcrunch.com/2021/05/05/latam-crypto-exchange-bisto-raises-250m-from-tiger-coatue-at-a-2-2b-valuation/↩↩↩↩

  7. BusinessWire, “Bitso Reaches Unicorn Status and Becomes One of the Most Valuable Fintechs in Latin America,” May 5, 2021. https://www.businesswire.com/news/home/20210505005458/en/Bitso-Reaches-Unicorn-Status-and-Becomes-One-of-the-Most-Valuable-Fintechs-in-Latin-America↩

  8. Xochi Ventures website, “About / Partners,” accessed June 2026. https://xochiventures.com/↩↩↩↩

  9. Tracxn, “Xochi Ventures — Investor Profile,” accessed June 2026. https://tracxn.com/d/venture-capital/xochi-ventures/__xQK5avZiNeRB87t4Ge6tLRSh8oULO5T43cHBylaCdtQ↩↩↩↩

  10. Fintech Leaders (Substack), “Daniel Vogel, CEO of Bitso — Serving 12 Million Customers and Building a Crypto Giant Through Innovation, Transparency, and a Curious Mind,” accessed June 2026. https://fintechleaders.substack.com/p/daniel-vogel-ceo-of-bitso-serving↩↩↩↩↩

  11. Tracxn, “Daniel Vogel — 2025 Portfolio & Founded Companies,” accessed June 2026. https://tracxn.com/d/people/daniel-vogel/__6mpQwiIHenmDKZcUb6xq1gz5QK0ihLxKoh22FMTd3sk↩↩↩↩↩

  12. Signal by NFX, “Daniel Vogel — Investor profile,” accessed June 2026. https://signal.nfx.com/investors/daniel-vogel↩↩↩↩↩↩

  13. TechCrunch, “Jeeves emerges from stealth with $131M in debt and equity and a16z as a lead investor,” June 2, 2021. https://techcrunch.com/2021/06/02/fintech-jeeves-emerges-from-stealth-with-131m-in-debt-equity-from-a16z-yc-and-a-bunch-of-unicorn-ceos/↩↩↩

  14. Andreessen Horowitz, “Investing in Jeeves,” accessed June 2026. https://a16z.com/announcement/investing-in-jeeves/↩↩↩

  15. TechCrunch, “Nowports nabs $150M at a $1.1B valuation to streamline LatAm’s shipping,” May 24, 2022. https://techcrunch.com/2022/05/24/nowports-lands-150m-at-a-1-1b-valuation-to-streamline-latams-shipping/↩↩

  16. Bloomberg Línea, “Nowports becomes Mexico’s newest unicorn with SoftBank-led Series C round,” accessed June 2026. https://www.bloomberglinea.com/english/nowport-becomes-mexicos-newest-unicorn-with-softbank-led-series-c-round/↩↩

  17. Alejandro Cremades, “Daniel Vogel On Raising $80 Million To Build One Of The Fastest Growing Crypto Exchanges That Is Processing Over $1 Billion A Year,” accessed June 2026. https://alejandrocremades.com/daniel-vogel/↩↩↩↩

  18. Bloomberg Línea, “Latitud First Round Is a $11.5 Million A16z-led Seed,” March 28, 2022. https://www.bloomberglinea.com/2022/03/28/latitud-first-round-is-a-115-million-a16z-led-seed/↩