DILA Capital, the Mexican venture capital firm, raised 35 million dollars to give life to its DILA IV fund, with which it seeks to invest between 750,000 and three million dollars in pre-series A and series A companies seeking to do business in America. Latin.
“We expect to invest in 20 companies with technological components in the next 24 months,” Eduardo Clavé, CEO and co-founder of DILA Capital, said in a statement. The expert assured that the fund’s strategy will be focused on monitoring those portfolio investments that have an outstanding performance.
“Depending on the final size of the fund, we will have the ability to invest heavily in various stages and accompany companies in their different stages of growth,” he added.
The Mexican firm, which began raising capital for its fourth fund at the end of 2020, announced in July last year the investment that the Inter-American Development Bank’s (IDB Lab) innovation laboratory made in its fund.
Through the financing of between 18 and 25 startups in Latin America, this alliance was born with the intention of promoting entrepreneurs in the sectors of financial services, health, education, logistics, mobility and solutions for small and medium-sized companies (SMEs).
“DILA will take advantage of startup ecosystems in Mexico and Latin America, including less developed venture capital markets such as the Central American nations, Ecuador, Bolivia and Paraguay. Through this investment, the IDB Laboratory wishes to promote greater regional integration of venture capital and startup ecosystems throughout the region, ”said Stela Yoh, IDB representative at the time.
DILA Capital was founded in 2013 by two Mexican businessmen, Alejandro Diez Barroso and Eduardo Clavé. To date, they have invested in 42 early-stage companies in Latin America.
His success stories include the courier firm iVoy, the online eyewear business Ben & Frank, the digital payment platform Kushki, and the ride-sharing company Urbvan.
