VC Dila have invested in 11 companies and intend to invest in 10 to 15 more with their fourth fund. He said the investment ticket will range from one to four million dollars in early-stage and Series A technology companies. Among the companies that Dila Capital has invested in LatAm are the fintech Kushki, the healthtech Moons, and one of its most recent investments, Mattilda, a fintech focused on schools that raised US$10 million last October.

Africa’s smartphone market shrunk by 18% in 2022 compared to the previous year, according to the International Data Corporation (IDC). The slump was driven by a reduction in consumer spending due to inflation, and economic uncertainties, but it was not unique to Africa as smartphone shipment dipped across major markets last year.