DILA Capital, a venture capital firm based in Mexico, has successfully closed its fourth fund, raising a total of $115 million. This funding will allow the firm to expand its portfolio of startups in various sectors such as fintech, SaaS, Edtech, E-commerce, Proptech, Healthtech, and logistics.

With these resources, DILA Capital has already invested in 11 companies, including Mattilda and Argentina's Henry in the education sector. The firm has a successful track record, with over 50 investments in companies and some notable success stories, including Ecuadorian unicorn Kushki and Mexican unicorn Incode.

DILA Capital's managing partner and co-founder, Alejandro Diez Barroso, stated that the firm aims to invest in startups in Pre Series A and Series A stages, with an average investment of between $1 million to $4 million.

The firm raised capital for its fourth fund in late 2020 and secured an investment commitment from IDB Lab, the innovation arm of the Inter-American Development Bank, as its anchor investor.

This partnership will allow DILA Capital to finance between 18 and 25 startups in Latin America, promoting entrepreneurship in the financial services, health, education, logistics, mobility, and small and medium enterprises sectors.