This investment has the objective of supporting the first regional agtech-focused fund Agventures II, to be managed by SP Ventures, an experienced agtech-focused venture capital fund manager. By establishing the fund, the project will support the consolidation and scaling up of innovative agtech early stage companies (SMEs) that will develop technologies to offer productivity, market, and environmental solutions for the agricultural sector in Latin America especially to the Small and Medium Sized Farmers to generate environmental benefits related to climate change, land degradation, and chemicals and waste.

Project Detail

Country

Regional

Project Number

RG-Q0057

Approval Date

March 17, 2022

Project Status

Implementation

Project Type

Equity

Sector

AGRICULTURE AND RURAL DEVELOPMENT

Subsector

AGRICULTURAL TECHNOLOGY ADOPTION

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 63,300,000.00

Country Counterpart Financing

USD 58,300,000.00

Original Amount Approved

USD 5,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/FM-19206-RG Non-Sovereign Guaranteed USD - United States Dollar IADB/GEF Trust Fund Equity Financing
Operation Number EQU/FM-19206-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: IADB/GEF Trust Fund
  • Financial Instrument: Equity Financing