Novarum Seed Investment Fund
The objectives are to increase competitiveness and innovation among technology-based seed companies, taking them into commercial operation and generate employment; and
to further the development of the venture capital industry
in Brazil, providing examples of how the financing of
early-stage Brazilian companies through seed financing
produces an impact on the growth and organization of
these companies.

Project Detail

Country

Brazil

Project Number

BR-Q0003

Approval Date

November 30, 2005

Project Status

Closed

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

CAPITAL MARKET DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 5,097,690.00

Country Counterpart Financing

USD 3,697,690.00

Original Amount Approved

USD 1,400,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-9539-BR Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-9539-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing