Emerging Enterprises Investment Fund C-Venture Premius

The project seeks to support the creation of a seed fund, which will provide seed equity financing to a group of 12-16 emerging firms in the states of Santa Catarina and Parana, Brazil. The fund will target emerging firms with high growth potential in the energy, life sciences and information technology sectors. The investment in this fund is part of the strategy devised by the MIF and FINEP in their INOVAR II TA project that seeks to support the development of angel and seed investing.

Project Detail

Country

Brazil

Project Number

BR-Q0012

Approval Date

November 16, 2011

Project Status

Implementation

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 46,000,000.00

Country Counterpart Financing

USD 42,000,000.00

Original Amount Approved

USD 4,000,000.00