DILA Capital announces the final close of its third fund, with MXN$800m in commitments anchored by Mexico Ventures and NAFIN, Mexico’s Development Bank.  Recent investments include Ben & Frank, Camino Financial, Kinedu, Creze and Urbvan.

(Press Release) DILA Capital, a venture capital firm based focused on investing in startups in Mexico and Latam, announces the final close of DILA III. Through a significant expansion in its network of partners and corporate contacts, DILA III closed with commitments of MX $ 800 million pesos, consolidating DILA’s position in the venture capital industry.
“We are very grateful to our investors. We managed to bring together a high value-added group for us and for our companies. With this fund we can carry out our investment thesis by accompanying the best companies in their different follow on rounds and fill the gap in the Mexican entrepreneurial ecosystem.” Announced Eduardo Clavé, Managing Partner.

Continuing with the successful investment strategy of its previous funds, DILA III will invest in venture capital in seed and Series A stages, with a follow-on investment strategy, focused in SME´s in Mexico and Latin America. Since its first close in April last year, DILA III has already invested in 6 companies operating in the Mexican market.
Led by Mexico Ventures and NAFIN, Mexico’s Development Bank, DILA Capital III’s LP base is composed of a diversified base of local and foreign investors.

“Excitement would be the word that best describes us as a fund at this time. Excited, because with the end of the fund-raising stage, we will be able to fully commit to new investment opportunities and continue providing support to our portfolio companies. Excited, because we have managed to assemble one of the most complete VC teams in Mexico to execute our investment strategy. Excited, because to date, our portfolio companies are performing better than we expected.” Declared Alejandro Diez Barroso, Managing Partner.