DILA Capital is one of the most active Latin America-dedicated VC firms in the market. Since it started its business in 2010, DILA has invested in over 50 companies based in Latin America or looking to expand into the region from the U.S. and Europe, across a wide variety of technology sectors. Notable investments from its previous funds include Ecuador-based Kushki, a regional financial infrastructure company, Peru-based edtech Crehana, and Incode, a Mexican identity verification and authentication platform.
“We see this process as a validation of over 10 years of trajectory in the tech ecosystem, from both our previous backers, as well as from new U.S. and Europe-based institutional funds that are selecting DILA as their regional partner,” said Eduardo Clavé, Co-Founder at DILA Capital.
The fund has invested in 11 companies and plans to participate in 20-25 companies. While the thesis is sector agnostic, the fund is focusing mainly on fintech, SaaS, edtech, ecommerce, proptech, logistics, and healthtech industries. Selected companies in this portfolio include Fairplay, a revenue-based financing provider, Moons, a healthtech that seeks to improve access to orthodontic services and Cobee, an employee benefits management digital platform.
“Although we are encouraged by the closing of the fund, this is only the beginning of the journey. We are optimistic about the region, its founders, and the dynamism of the entrepreneurial ecosystem. We are looking to initially invest between one and four million dollars in technology companies in Pre Series A and Series A,” said Alejandro Diez Barroso, General Partner.
Other investments DILA has made with this fourth fund include Mattilda, a fintech company focused on the education sector, and Henry, a full stack and data science bootcamp edtech company.