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

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

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
Operation Number EQU/MS-9539-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund:
  • Financial Instrument: