A pretty accurate representation of AI versus existing digital infrastructure. That slingshot is about to launch.
What do you think happens when it does? 😬

A pretty accurate representation of AI versus existing digital infrastructure. That slingshot is about to launch.
What do you think happens when it does? 😬

I’m thrilled to share that our portfolio company, Darwin AI, has closed a $4.5 million funding round led by Base10 Partners. 🚀 We at Dalus are excited to be participating in the round alongside other previous investors, doubling down on our belief in the team.
Darwin AI is building the future of business operations with AI agents, with a sharp focus on the Spanish and Portuguese-speaking markets in Latam (try them here). The traction is already undeniable: they’ve onboarded more than 300 clients across 20 countries and have surpassed $2 million in annual booked revenues.
Continue readingThis past weekend I read the AI 2027 report, a fascinating piece of future foresight on the trajectory of artificial intelligence, released a few months ago. The report is long, dense, and full of tech jargon, but it lays out two vivid scenarios for how AI might evolve over the next five years.
The methodology follows the practice of “future foresight,” where scenarios are created and presented as a chronological story, without assigning them an exact probability of occurrence. This approach does not aim to predict the future, but to explore plausible paths, stress-test assumptions, and open space for informed debate about what might happen.
The report was created by Daniel Kokotajlo, Scott Alexander, Thomas Larsen, and Eli Lifland under the collective name AI Futures Project. Their goal is to draw attention to the possible implications of AI’s extremely rapid progress. The intent is not to predict the future with certainty, but rather to generate realistic scenarios that can spark conversations about public policy and preparedness, recognizing that the exact forecast and timing could change.
Continue readingLAVCA released its semi-annual metrics on the Latin American startup and VC ecosystem for the first half of 2025. There’s plenty to analyze, but I want to highlight three aspects.
Latam VC investment volumes remain flat
Total investment value stayed essentially flat in the first half of 2025, with a slight downward bias. In fact, volumes have been holding steady at more or less the same level since 2H22, when the global correction in VC fully hit Latin America. The positive side is that this suggests we have reached the bottom of the cycle, and further material declines seem unlikely.
Here are a few books I read recently that are worth checking out.
Fiction
I came across this recent report from Coatue, a large global crossover fund investing in both public and private tech companies, presented at their EMW 2025 conference. It’s packed with data-driven insights into how the tech sector is evolving, especially in the context of the ongoing AI wave.
Despite an uncertain economic environment—tariff tensions, inflation, shifting interest rates—and a volatile geopolitical backdrop with wars in Ukraine and the Middle East, tech stocks have performed remarkably well over the past three years.
The report shows we’re still in the early phases of the AI innovation cycle. Some players, public and private, are already gaining traction and market value. But it’s too soon to name the long-term winners. It feels reminiscent of earlier tech waves that produced giants like Apple, Microsoft, and Meta.
At Dalus Capital, my fund, we invest at the early stages of tech innovation. What we’re seeing on the ground is incredibly exciting and signals that the medium-term evolution of the sector will be transformative. With strong execution and some luck, we hope a few of our investments will become winners in this wave.
If you follow tech, startups, or the future of AI, this is a valuable read.
Full report here.
I’m very happy to share that my firm, Dalus Capital, has been named one of the 100 winners of the Carbon Positive Awards 2025 by Green Cross United Kingdom (G+UK). We were recognized in the category of venture capital for digital innovation in climate solutions.
This was a nice surprise—we didn’t even know we were being considered! You can see the full list of winners here, which ranges from leading global tech companies like Apple, Google, and Microsoft to government entities such as the City of Copenhagen.
Continue readingI was recently interviewed alongside 19 other investors in this piece by Ruben Altman and Paula Alvarado. We each shared our perspective on the climate transition and capital challenges in Latin America.
You can read the full article here: Narrativas, capital y transición climática: 20 inversores opinan sobre lo que viene
Always good to see the diversity of thought across the ecosystem, but with a not-surprising convergence on certain topics.
I’m very happy to announce our latest investment at Dalus Capital: we’re backing Plenna, a leading Mexican femtech (or healthtech) startup building a hybrid platform for women’s health. Founded by Lorena Ostos and Giovanna Abramo, two outstanding entrepreneurs, Plenna is on a mission to revolutionize how women in Mexico access and experience healthcare.
Plenna just raised a $6 million Series A round to expand its footprint. The company currently operates four branches in Mexico City and plans to open 13 more clinics across the country. We’re thrilled to join this round alongside Mazapil, New Ventures, and Karla Berman—a Shark on Shark Tank México and an independent member of our Investment Committee at Dalus. As part of our investment, I’ll be joining Plenna’s board to support the team in this next stage of growth.
Continue readingLes comparto la entrevista que me hicieron Regina Reyes Heroles e Ilana Sod en Milenio Emprende, el programa de emprendimiento de Milenio TV. Fue una conversación muy amena sobre el ecosistema de startups en México, sus retos y oportunidades.
Sharing a recent interview I did for Milenio TV about the Mexican startup ecosystem. The conversation is in Spanish, but you can activate the English audio track on YouTube.