Investing in Plenna, a smarter model for women’s health

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.

Lorena Ostos and Gio Abramo, co-founders of Plenna, sitting together and smiling, wearing casual white tops, in a warmly lit modern space.

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 reading →

Ahead of the Curve: 2024 Investment Outlooks from Top Global Banks

Vintage photo of a man at a chalkboard with a quote: if one equity analyst says it's raining and the other says it's sunny, an investor should look out the window.

A new year means a fresh set of predictions from the financial world’s powerhouses. I didn’t whip up this list myself, but it landed in my inbox and it’s too good not to share. These forecasts from global investment banks and asset managers could help in navigating 2024’s economic landscape. Have a look and see what might be on the horizon.

U.S. Banks

European Banks

Asset Managers

Weathering the Storm: A Peek into LAVCA’s Q1 2023 Startup Investment Climate

The Latin American Private Equity & Venture Capital Association (LAVCA) has just dropped its Q1 2023 report on investment activity in Latin America, and it’s not painting a pretty picture. Reflecting what many of us have been witnessing firsthand on the ground, the serious dip in startup investment that began at the end of 2021 is still present in the first quarter of 2023, dropping to a meager $0.8B dollars from the impressive but unsustainable $5.2B peak in Q3 2021.

LAVCA chart of quarterly VC investment in Latin America by stage, Q1 2020 to Q1 2023: USD 0.8 billion in Q1 2023, supported by venture debt.
Continue reading →

Economic and investment outlook for 2023 by top investment banks

I recently received a list of links to excellent economic and investment 2023 outlook reports from top investment banks and asset managers. It’s amazing that these organizations are now sharing these reports, which were previously only accessible to their institutional clients! 

The reports provide a measured outlook for 2023. The global economy is expected to experience slow growth globally, with projections from some banks ranging around 1.8%. The US is predicted to just avoid a recession, whereas the Euro area and the UK will likely experience a mild recession due to the influence of escalating energy costs. Inflation is projected to dwindle to 3% in late 2023 in the US, and the Federal Reserve is expected to raise interest rates by 125 basis points to reach a peak of 5-5.25%.

Continue reading →

Our investment thesis for Clip

Recently Clip became the first Mexican unicorn in fintech by raising a $250 million dollar financing round at a valuation close to $2 billions. An amazing and well-deserved achievement for Adolfo Babatz and his team at Clip. I’m very happy and humbled to have been able to join Adolfo and Clip in this journey since almost the beginning. At Dalus I led our investment in their seed round and later led their Series A financing round.

Startupeable podcast cover, hosted by Enzo Cavalie.

A few weeks ago, I was invited to share and discuss our investment thesis at the time we invested in Clip. We are very proud that Clip’s path and results were close to what we envision in our investment analysis which resulted in our investment in 2013.

You can hear this in the Startupeable Podcast (in Spanish) in these links in Spotify and Apple Podcasts.

I hope you enjoy it.

We are looking for Full-time Investment Analyst in Monterrey

Dalus Capital logo

At Dalus Capital we are looking for individuals with a drive to leave a lasting mark on Latin America by investing in the region’s best entrepreneurs. Join a high-performing investment team with 40+ years of collective investment experience and gain exposure to each stage of the investment lifecycle. We are looking for high-impact leaders who are not afraid of taking on challenges and navigating uncertainty. If you are passionate about tech, startups, and want to make a tangible impact on the world around you by funding disruptive innovation, this job is for you. With only 5 companies in our second fund, now is the perfect time to jump in and help build the strongest venture portfolio in Mexico and Latam. Join us! Continue reading →

Our new investment in eFactor Network, leading Mexican supply chain financing marketplace

eFactor.pngWe are pleased to announce that our fund Dalus Capital and the IFC (the private sector arm of the World Bank Group) have invested $10 million dollars in eFactor Network, which operates the most important electronic factoring marketplace in Mexico with more than 10k participants.

Continue reading →

Dalus invests in Cultura Colectiva

Logo-Cultura-largo-1.pngI’m very happy to report that we have closed the first investment of our Dalus Capital Fund II in a great company called Cultura Colectiva (check them out at culturacolectiva.com). They are a leading digital media platform providing their own high-quality content to millennials – young adults between 18 and 35 years old. Their content centers on lifestyle, culture, art, and other topics relevant to this target segment. Continue reading →