Investor Profile: Dalus Capital — Thesis, Cheque Size & How to Apply

Getting Dalus Capital funding is a milestone for Latin American founders — the firm has become one of Mexico's most active early-stage investors. Founded in 2015 (originally as Alta Ventures), Dalus Capital partners with early-stage entrepreneurs creating the largest impact through technology across Latin America. Its portfolio includes Clip, the Mexican fintech unicorn, alongside a growing roster of climate, health and productivity startups.

Thesis

Dalus invests for impact and returns in equal measure. Co-founder Diego Serebrisky describes three core themes the firm backs: Inclusion — expanding access to finance, health and education; Business Productivity — digital tools, now heavily AI-focused, that make small and mid-sized businesses more competitive; and Climate — direct solutions for climate change mitigation and adaptation. The throughline is technology that solves significant problems for Latin America, especially for underserved populations. The firm's impact work was recognised with a Carbon Positive Awards 2025 win in the venture capital category.

Cheque size & stages

Dalus backs companies at Seed, Series A and Series B, typically writing cheques of $1–5 million per company. On fund size: the firm's total assets under management are not publicly disclosed. What is on record is Dalus Capital Fund II, which in 2016 raised MX$950 million (~$50 million) through a CKD on the Mexican Stock Exchange — an instrument that lets Mexican pension funds invest in VC — as part of a $100 million investment programme led by Pensionissste. The firm leads rounds; one profile found it led six of nine recent deals.

Notable portfolio

Verified portfolio companies include Clip (Mexico's fintech unicorn), Kubo Financiero (fintech), Clivi and Galgo (both featured on the firm's homepage), ISA Saúde and Enerlink (healthtech and energy), Revelo (Brazil HR tech) and Luuna. Earlier vintages include Nuve, Technisys and Wanderu, while recent bets include AI company SparkCognition and carbon-market platform NCX. The portfolio runs to almost 30 companies, with Mexico as the anchor market.

Programs & perks

Dalus does not run a named accelerator or a public startup credits programme — no formal cohort, credits bundle or perks catalogue was found on the firm's channels. What founders get is hands-on partnership: the firm's team of operators and investors works closely with portfolio companies on growth and expansion across the region. There is no open application form or rolling intake to join; the path in is direct outreach.

How to apply for Dalus Capital funding

Dalus Capital has no published application portal or pitching process. The practical route: reach the team through the contact channel on daluscapital.com or the firm's general enquiries email, [email protected], with a concise deck that maps your company to one of the three themes — inclusion, business productivity or climate. As with most LatAm VCs, a warm introduction through a portfolio founder or co-investor helps. The firm looks for strong teams with proven products, real clients and revenue, and technology or business-model differentiation.