# The Exxel Group: portfolio, investments and team > The Exxel Group is a vc firm based in Argentina. 5 investments on record, latest Aug 2007. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/the-exxel-group (Millionrounds; every figure on the page links to its filing or article) Argentina · [Investor](https://millionrounds.com/investors) # The Exxel Group Last cheque observed Aug 2007. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet VC firm Series A Venture Series C Food Delivery Marketing Cheques on record **0%** of best year **0** **cheques in 12 months**, 5 on record Since the last cheque **7008** days **00** hrs **00** min **00** sec Median round **$14M** Rounds led **0 of 5** Sole investor **2 rounds** Exits **3 from the portfolio** Mostly in **United States, 100%** Pitch The Exxel Group ## The Exxel Group highlights - 01 5 rounds on record - 02 Mostly Series A and Venture: 80% of its rounds - 03 Sole investor in 2 rounds, median $13M - 04 3 exits from the portfolio ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Food Delivery Marketing - **Based in:** MONTEVIDEO, Argentina - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2007** 2 rounds - **Aug** **[Brijot Imaging Systems](https://millionrounds.com/company/brijot-imaging-systems)** Venture · US · brijot.com **$14M** Sole investor - **Feb** **[MAKO Surgical](https://millionrounds.com/company/mako-surgical)** Series C · US **$30M** With 5 others - **2006** 2 rounds - **Apr** **[Destineer](https://millionrounds.com/company/destineer)** Venture · US · gamasutra.com **$12M** Sole investor - **Feb** **[ThingMagic](https://millionrounds.com/company/thingmagic)** Series A · US · thingmagic.com **$21M** With 4 others - **2005** 1 round - **Sept** **[ThingMagic](https://millionrounds.com/company/thingmagic)** Series A · US **$9.5M** With 5 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **4 named** DF **Diego Fernando Munoz** Executive Director of the Exxel Group Vi (Cayman Islands) Inc. i Form ADV JL **Jorge Luis Osorio** Chief Financial Officer of the Exxel Group Vi (Cayman Islands) Inc. i Form ADV JN **Juan Navarrro** Director of the Exxel Group Vi (Cayman Islands) Inc. i Form ADV MA **Marcelo Aubone** Director of the Exxel Group Vi (Cayman Islands) Inc. i Form ADV We also hold **4** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$2** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** The Exxel Group VI (cayman Islands) Inc. - **SEC number:** CRD 163787 Who backs their funds ## 1 LP on record in The Exxel Group's funds - **Committed:** $125M - **Funds:** 2 - **Vintages:** 1997 to 2000 The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Sept 2025. - [**Oregon Public Employees Retirement Fund** 2 funds *$125M*](https://millionrounds.com/fund/oregon-public-employees) Fund Vintage Committed Exxel Capital Partners VI 2000 $50M Exxel Capital Partners V 1997 $75M ## Exits from the portfolio Companies it backed that were later bought or listed **3 in all** **[MAKO Surgical](https://millionrounds.com/company/mako-surgical)** Bought by Stryker Corporation **$1.6B** Sept 2013 **[Brijot Imaging Systems](https://millionrounds.com/company/brijot-imaging-systems)** Bought by [Microsemi](https://millionrounds.com/fund/microsemi) **Undisclosed** Jul 2011 **[ThingMagic](https://millionrounds.com/company/thingmagic)** Bought by Trimble **Undisclosed** Oct 2010 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Series A Venture Series C Median round joined **$14M** the round, not its cheque Alone, median **$13M** Led 0 of 5 rounds **0%** - **Sole investor:** 2 rounds - **Last cheque:** Aug 2007 - **Exits:** 3 from the portfolio Rounds by stage said on their site - Series A *2* - Venture *2* - Series C *1* Cheques by year Led Joined 2005 2007 Often in the room with - [Inventec Corporation](https://millionrounds.com/fund/inventec-corporation) 2 - [Morningside Group](https://millionrounds.com/fund/morningside) 2 **Pitching The Exxel Group?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as The Exxel Group. A count of rooms they were both in, not a relationship either has claimed. [**Inventec Corporation** Corporate VC **2** rounds together](https://millionrounds.com/fund/inventec-corporation)[**Morningside Group** VC firm **2** rounds together](https://millionrounds.com/fund/morningside) ## Quick answers about The Exxel Group ### What does The Exxel Group invest in? The Exxel Group invests most often at Series A and Venture (80% of the rounds on record), in sectors such as Food Delivery and Marketing. ### How active is The Exxel Group? 5 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2007. ### How big are The Exxel Group's cheques? The median round it joins is $14M. ### Does The Exxel Group lead rounds? Rarely, if at all: none of its 5 investments on record names it as the lead. ### Where does The Exxel Group invest? Most of the companies it backs are in the United States (100%). ### Is The Exxel Group investing now? No investments in the last 12 months; the latest was in Aug 2007. ### Who does The Exxel Group invest alongside? Most often Inventec Corporation (2 rounds together) and Morningside Group (2 rounds together). ### What kind of investor is The Exxel Group? The Exxel Group is a VC firm based in MONTEVIDEO, Argentina. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=the-exxel-group) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=the-exxel-group)