About DILA Capital
DILA Capital is a venture capital firm founded in 2005. It is primarily based out of Mexico City, Mexico. As of Dec 2025, DILA Capital has invested in 61 companies. It primarily invests in Seed round in Mexico based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and FinTech. Most recently it participated in the $***** Series A round of Cicada Overall, DILA Capital portfolio has seen 2 unicorns and 4 acquisitions including key companies like Cobee, Incode and Tuhabi. A lot of funds co-invest with DILA Capital, with names like Nazca sharing a substantial percentage of its portfolio. DILA Capital has team of 7 people including 2 partners.Key Metrics
DILA Capital's List of Top Investments
DILA Capital has a portfolio of 61 companies, including 2 unicorns. Their most notable investments are in Urbvan and Yadatex.Their portfolio spans across Mexico, United States, Spain and 3 more locations. They have invested in Consumer, Enterprise Applications, FinTech and 23 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by DILA Capital:1. Kinedu
Personalised platform for enabling parent-child interaction. The platform offers personalized baby developmental solutions and recommendations on play activities, classes, and articles tailored to the baby’s age and milestones. It also offers mobile applications with play activities, track progress, Q&A sessions with experts, and more.
Key facts about Kinedu
- Founded Year: 2013
- Location: Boston (United States)
- Stage: Series B
- Total Funding till date: $11.2M
- Employee Count: 54 as on Aug 31, 2026
- Investors: StartX, IGNIA and 9 Others
- Latest Funding Round: Series B, Jun 07, 2023, $*****
- Highlight: Editors' Pick
2. Cobee
Cloud-based platform for employee financial benefits. It enables employees to manage their expenses for meals, transportation, daycare, training, health insurance, prepaid card and more. It offers customized benefits plans and automated payroll management. It is available on the Google Play Store and Apple App Store.
Key facts about Cobee
- Founded Year: 2018
- Location: Madrid (Spain)
- Stage: Acquired
- Total Funding till date: $61.5M
- Employee Count: 174 as on May 31, 2026
- Investors: Octopus Ventures, Banco Sabadell and 13 Others
- Latest Funding Round: Series B, Nov 22, 2022, $*****
- Highlight: Acquired
3. Incode
Developer of identity verification software using biometric and document analysis. This technology performs facial recognition, liveness detection, and optical character recognition to confirm user identities. The platform provides tools for fraud detection, age verification, and business screening. It integrates into digital workflows to authenticate individuals and entities during onboarding or access requests. The system utilizes machine learning models to identify synthetic identities and deepfakes. It supports compliance requirements for financial, healthcare, and commercial sectors by automating identity checks and monitoring risk signals.
Key facts about Incode
- Founded Year: 2015
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $297M
- Employee Count: 680 as on Aug 31, 2026
- Investors: SoftBank Group, General Atlantic and 14 Others
- Latest Funding Round: Series C, Sep 02, 2026, $*****
- Highlight: Editors' Pick
4. Sistema
Provider of biodigester technology that transforms animal waste into bioenergy. The technology enables farmers to generate thermal and mechanical energy from waste. This process improves livelihoods and establishes regenerative agriculture through organic fertilizer use. The company offers biodigesters with biogas technologies, including stoves, boilers, and engines.
Key facts about Sistema
- Founded Year: 2009
- Location: Mexico (Mexico)
- Stage: Series B
- Total Funding till date: $60.4M
- Employee Count: 378 as on Aug 31, 2026
- Investors: Triodos Investment Management, Engie and 30 Others
- Latest Funding Round: Conventional Debt, Mar 19, 2026, $*****
- Highlight: Editors' Pick
5. Slang App
Provider of online SaaS and app-based English language learning solutions. Based on the data entered the platform provides personalized and adaptive English learning solutions. Its app is available for Android and iOS devices.
Key facts about Slang App
- Founded Year: 2013
- Location: Bogota (Colombia)
- Stage: Series A
- Total Funding till date: $14M
- Employee Count: 179 as on Aug 31, 2026
- Investors: Salesforce Ventures, Impact Engine and 12 Others
- Latest Funding Round: Series A, Dec 20, 2021, $*****
- Highlight: Editors' Pick
DILA Capital's Year-on-Year Investment Trends
DILA Capital has invested in 61 companies over the last 13 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Buo and most recent follow-on round was in Cicada.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 0 | 1 |
2023 | 1 | 1 | 2 |
2022 | 7 | 4 | 11 |
2021 | 3 | 6 | 9 |
2020 | 4 | 3 | 7 |
2019 | 5 | 3 | 8 |
2018 | 6 | 1 | 7 |
2017 | 3 | 0 | 3 |
DILA Capital's Investments by Stage
DILA Capital has made 21 investments in Seed stage with an average round size of $3.84M, 10 investments in Series A stage with an average round size of $8.17M, 4 investments in Series B stage with an average round size of $23.5M, 1 investment in Conventional Debt stage and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 21 |
Series A | 10 |
Series B | 4 |
Conventional Debt | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
DILA Capital's Investments by Sector
DILA Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Retail and Financial Services. Notably, it has invested in 43 Tech companies, 37 Consumer (B2C) companies, 23 Enterprise (B2B) companies and at least 16 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 17 |
Enterprise Applications | 13 |
FinTech | 13 |
Retail | 10 |
Financial Services | 6 |
Others | 36 |
Note: We have considered here, only first round of investments
DILA Capital's Investments by Geography
DILA Capital has made most investments in Mexico (20), followed by United States where it has made 9 investments.Country | No. of Investments |
|---|---|
Mexico | 20 |
United States | 9 |
Colombia | 3 |
Spain | 3 |
Argentina | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
DILA Capital's recent investments
DILA Capital has not made any investment in 2026 so far.Here are the most recent investments by DILA Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 15, 2025 | United States | Series A | 6572 | [+3] | |
Aug 13, 2024 | Mexico | Seed | 5438 | [+2] | |
Jul 17, 2023 | Mexico | Series A | 6958 | [+1] | |
Mar 29, 2023 | United States | Seed | 1757 | [+4] | |
Nov 22, 2022 | Spain | Series B | 3342 | [+3] |
Unicorns in DILA Capital's Portfolio
DILA Capital has 2 unicorns in its portfolio - Tuhabi and Incode. The most recent unicorn in their portfolio is Tuhabi. It became a unicorn in 2022, 4 years before DILA Capital first invested in it.Here is a list of unicorns in DILA Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
52 | Online listing platform to buy and sell apartments | 2019 | Mexico City | Series C | lujgpdd | ||
61 | Developer of identity verification software using biometric and document analysis | 2015 | San Francisco | Series C | rloukez |
Acquired companies in DILA Capital's Portfolio
4 companies from DILA Capital's portfolio have been acquired. The most recent acquisition was Cobee in Jun 2024 by Pluxee for $*****.Here are DILA Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2024 | Nov 22, 2022 | Series B | 1542 | |
Sep 13, 2023 | Jul 17, 2017 | Seed | 5314 | |
Jan 19, 2022 | Jul 18, 2014 | Seed | 3901 | |
Nov 17, 2021 | May 15, 2015 | Seed | 4388 |
Team profile of DILA Capital
DILA Capital has a team of 7 members including 2 Partners and 2 Principals located in Mexico. DILA Capital's team does not sit on the board of any company as of now.Here is a list of all team members in DILA Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Miguel Hidalgo | - | ||
Partner | Naucalpan de Juarez | - | - | |
Principal | Mexico City | - | - | |
Principal | Mexico City | - |
Co-investors of DILA Capital
Over the past 13 years, 205 investors have co-invested in DILA Capital's portfolio companies. This includes funds and angels.
- Invested before DILA Capital: COMETA, Howzat Partners and 50 others have invested in rounds before DILA Capital. There are 3 companies where COMETA has invested before DILA Capital and 2 companies where Howzat Partners has invested before DILA Capital.
- Top Co-investors of DILA Capital: 78 investors entered a company along with DILA Capital. These include investors like Nazca (3 companies).
- Invested after DILA Capital: A total of 75 investors have invested in DILA Capital's portfolio after their investments. Top Investors include Endeavor (3 companies), General Atlantic (2 companies) and BBVA Spark (2 companies).
Recent News related to DILA Capital
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Cicada Raises US$13.5 Million Series A to Modernize Local-Currency Latin American Bond TradingBusiness Wire•Feb 25, 2026•Cicada, Citi, L4 Venture Builder, Crestone Venture Capital and 3 others
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BUO raises $3M in a seed round led by Dila CapitalLatamList•Aug 13, 2024•Buo, DILA Capital, Nido Ventures, Daedalus Ventures and 1 other
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Citi Makes Strategic Investment in Cicada to Facilitate Institutional e-Trading of Mexican Government BondsBusiness Wire•May 08, 2024•Cicada, Citi, Cicada Tech, Cicada Exchange and 4 others
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mattilda Secures $19 Million in Series AThe SaaS News•Jul 14, 2023•DILA Capital, Mattilda, GSV Ventures, Seed and 1 other
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Payments fintech Pacto raises $4M to accelerate growth in MexicoFintech Nexus•Apr 11, 2023•DILA Capital, Pacto, 500 Global, August Hill and 5 others
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DILA Capital announces the final closing of its new fund, DILA IV, for USD115mLAVCA•Jan 17, 2023•DILA Capital, Kushki, Incode, The Bid Lab and 1 other
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Better Tomorrow Ventures and Metaprop Lead USD7.5m Round for Mexico’s Fintech YaveLAVCA•Nov 23, 2022•Better Tomorrow Ventures, MetaProp, Yave, DILA Capital and 10 others
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Spanish startup Cobee secures €40 million for its staff wellbeing platform and looks to expand in new marketsEU-Startups•Nov 22, 2022•Cobee, Octopus Ventures, Notion, Balderton Capital and 3 others
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Mexico-based PropTech platform Yave raises $7.5mFintech•Nov 14, 2022•DILA Capital, Yave, Better Tomorrow Ventures, MetaProp and 13 others
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