Grupo Carolo Secures Funding for Growth, Buo is Making Headlines, and DILA in Volcano Summit 2024
DILA Capital's Monthly Newsletter
Grupo Carolo Secures a 30M Dollar Investment
Buo is Making Headlines After their 3M Seed Round
Venture Volumes - ‘The Field Guide to Global Payments’ by Sophia Goldberg
Venture Voices - Mattilda’s Adrian Garza on ‘Educando y Maleducando’
Venture Feature - AI Won’t Give You a New Sustainable Advantage by Jay B. Barney and Martin Reeves
Volcano Summit 2024
Grupo Carolo Secures a 30M Dollar Investment
Grupo Carolo has secured an investment of over $30 million from Mexican private equity firm Kans Capital to accelerate its expansion, particularly in the U.S. market. The company plans to open 40 new restaurants within the next five years, aiming for a total of 100 by 2029. The partnership with Kans Capital is expected to leverage the firm’s industry expertise and resources, driving significant growth and success in the competitive U.S. restaurant market.
https://www.bloomberglinea.com/latinoamerica/mexico/kans-capital-invierte-us30-millones-para-la-expansion-de-grupo-carolo-en-eeuu/
https://finance.yahoo.com/news/grupo-carolo-secures-usd-30-140000176.html
Buo is Making Headlines After their 3M Seed Round
After raising their seed round led by DILA, Buo has been making headlines on top media outlets in Mexico and Latam.
Forbes: https://forbes.co/2024/08/08/emprendedores/buo-recauda-us3-millones-para-predecir-comportamientos-de-los-empleados-usando-ia
Startups Latam: https://startupslatam.com/buo-hr-tech-costarricense-mexicana-levanta-ronda-semilla-por-mas-de-us-3-millones/
Startuplinks: https://www.startuplinks.world/noticias/buo-levanta-us3m-para-ayudar-a-empresas-a-predecir-comportamientos-criticos-de-colaboradoradores-con-ia
El Financiero: https://www.elfinancierocr.com/emprender/que-hace-buo-la-startup-tica-que-obtuvo-3-millones/BWE5DIZTWFGAZJWS4KAD3PWI5Q/story/
Venture Volumes - ‘ The Field Guide to Global Payments’ by Sophia Goldberg
“The payments industry is complex and quickly changing. From the origins of card-based transactions, to the vast world of digital wallets, to the emerging land of decentralized finance and cryptocurrencies, it can be hard to know where to start as a consumer or merchant better looking to understand how money moves in the twenty-first century.”
In The Field Guide to Global Payments, payments industry veteran and entrepreneur Sophia Goldberg offers a smart, compressive course on payments, covering the evolution of the industry, surveying the current global payments landscape, and looking forward into emerging payment technologies.
Get it here: https://www.amazon.com/Field-Guide-Global-Payments/dp/0578295261
Venture Voices - Mattilda’s Adrian Garza on ‘Educando y Maleducando’
Adrian Garza, co-founder of Mattilda, talks about the challenges that private schools face in Mexico, financial services platforms for parents and guardians, and the decision makers in educational institutions.
Venture Feature - AI Won’t Give You a New Sustainable Advantage by Jay B. Barney and Martin Reeves
Generative artificial intelligence (gen AI) has the potential to profoundly transform business operations and undoubtedly create substantial value. Companies are already harnessing it to uncover new product opportunities and business models, automate routine decisions—allowing humans to concentrate on decisions that require ethical considerations, empathy, or creativity—provide personalized professional services that were once exclusive to the affluent, and deliver product and other recommendations to customers more quickly, cost-effectively, and with greater insight than traditional human-driven processes could achieve.
However, the authors question whether companies can use gen AI to establish a competitive advantage.
Read it here: https://hbr.org/2024/09/ai-wont-give-you-a-new-sustainable-advantage
Volcano Summit 2024
Once again we will be part of Volcano Summit in Antigua, Guatemala. The 2024 edition will take place on August 31st, 1st and 2nd of September. Our VP Alejandro Chávez-Ruiz will be joining the panel to discuss Tech Transforming Education alongside Luis Miguel Gallardo (World Happiness Foundation), Marcelo Cabrol (IDB Lab), and Shirley Winner (STAGA). The conversation will be moderated by Kenneth Grover (OnFire Learning).
Register here: https://www.volcanosummit.com/
