Join Us at the Latam Climate Innovation Summit 2024

Following the tremendous success of our inaugural summit two years ago, we’re excited to bring you the Second Edition of the Latam Climate Innovation Summit! 🌍

Latam Climate Innovation Summit 2024 flyer, September 18 in Mexico City, powered by Dalus Capital, with partner logos.
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The Venture Capital Climate in 2023: Latin America’s Market Correction

The latest venture investment data from LAVCA reveals that the venture capital scene in Latin America saw a considerable adjustment in 2023. Total investments fell to $4 billion, a sharp decline from $7.9 billion in 2022 and a significant drop from the unsustainable $16 billion peak in 2021. The deal count also took a dip, with transactions decreasing to 770 from 1,158.

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Mapping Green Frontiers: The Next Edition of Our Latam Climate Innovation Startup Radar 🌿

Two years ago, we launched the Latam Climate Innovation Startup Radar 🌍, aiming to spotlight the vibrant ecosystem within our region and, hopefully, foster its growth. Today, I’m thrilled to announce that our Startup Radar has received a significant upgrade! We have reached almost 300 startups🚀!

At Dalus Capital, we’re firm believers in the transformative power of innovation, especially when it’s directed toward our planet’s well-being 🌱. That’s why we’ve dedicated time and effort to enhance our Climate Innovation Startup Radar.

In this edition, we’ve refined the radar’s taxonomy, introducing key improvements to sharpen its precision and relevance. Moreover, we’re transparently sharing the logic and insights behind each category. From cutting-edge technologies to intelligent sustainable solutions, we’re revealing it all 🧠.

Of course, in a field as dynamic and expansive as climate innovation, it’s possible we might have overlooked some remarkable startups. If that’s the case, please reach out. We’re eager to include any we’ve missed in our upcoming edition. Join us on this pivotal journey to combat the existential threat of climate change! Your involvement is crucial. Together, we can build a strong, supportive ecosystem for these startups to flourish 🌿.

Dive into the Latam Climate Innovation Startup Radar here: https://docsend.com/view/32us2m3aqxmgvv5b

Discover our latest thinking on the refined taxonomy here: https://bit.ly/3U12SiG

Have suggestions or want to add a startup? Let us know here: https://bit.ly/3ktvP7v

To delve deeper into Climate Innovation in Latam, visit: latamclimatewiki.com

Dalus Capital Latam Climate Innovation Startup Radar

🏆 Award-Winning Exit: Our Investment in Technisys Recognized as 2023’s Best VC Deal by AMEXCAP

AMEXCAP Alebrije 2023 award trophy given to Dalus Capital for its investment in and exit from Technisys.

I’m thrilled to announce that our journey with Technisys, from investment by Dalus Capital to its subsequent sale to SoFi as a unicorn (dive deeper here), has been honored with the AMEXCAP Alebrije award for the Best Venture Capital Deal of 2023 by AMEXCAP, the Mexican Private Equity and Venture Capital Association.

Leading the investment back in 2014 and being a part of Technisys’s adventure as a Board member has been incredibly rewarding for me.

A hearty thank you to AMEXCAP for this recognition.

Latin American Startups Navigating Tough Fundraising Waters

Data from LAVCA provides a sobering look at how Latin American startups and founders are recalibrating their strategies in response to a persistently challenging fundraising market. Check out the following chart with data as of the end of 2022.

LAVCA chart showing how Latin American founders adjusted to market conditions in 2023: longer fundraising processes and cost cuts such as layoffs and lower spending.
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New Podcast Alert: Join Me on “Mentors Today” as We Explore Venture Capitalism and Climate Advocacy

Hello, friends!

I’m delighted to share that I was recently a guest on the superb podcast, “Mentors Today“. In a lively conversation with hosts Rob and Ileana, we covered a range of topics, from my journey in venture capitalism to the shaping of Latin America’s entrepreneurial landscape, and my steadfast dedication to climate change mitigation.

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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.
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Updated Latam Climate Startup Radar

We just gave our Latam Climate Innovation Startup Radar a major update. You might have seen the previous version when we released it for the first time last year. It’s a cool tool that helps map out startups that are working on solutions to combat climate change in Latin America. These startups are broken down into four main categories: AgTech, Energy, Green Consumer, and Mobility. You can grab the high-res version of the radar by clicking here.

The new version of the radar includes 191 startups, which is a huge jump from the 147 we had before – a 30% increase. If you know of any other startups that should be on our radar, make sure to let us know by filling out this form.

Latam Climate Innovation Startup Radar by Dalus Capital (January 2023 edition), mapping climate startups by sector.

We have also updated the Latam Climate wiki. Please check it out.

Latam Startups, Tech and VC events list 2023

I stumbled upon a comprehensive list of startups, tech, and venture capital events in Latin America for 2023 and wanted to share it with others. Cool idea and, to my knowledge, there hasn’t been a similar comprehensive compilation for events in Latam. While the list may be still incomplete, I hope that its creator, Eduardo Paperini, will continue to update and improve it during the year.

Check the list in this Google sheet: https://docs.google.com/spreadsheets/d/1IxFRoY-1gZ-fSxclKFJrCaQovjHoJUo5jcZIN9Z1RrA/edit#gid=193725780

Podcast Levantando

Recientemente, Fran García me invitó a su podcast Levantando, donde entrevista a inversionistas de venture capital en Latinoamérica. Fue una conversación muy amena y quería compartirla con ustedes. Espero que disfruten escuchando la entrevista tanto como lo hice yo participando en ella.

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