Angel Ventures Mexico Fund
The project promotes SME development in Mexico by expanding opportunities of access to seed financing. The executing company, Angel Ventures Mexico (AVM), seeks to establish a new seed capital fund (Co-Investment Fund) that will co-invest with the members of its Club of Investors (CIM) in emerging firms. The objective of the Fund is to leverage the members¿ individual efforts, as well as to continue to support entrepreneurs in Mexico. AVM envisions this Fund as an alternative to promote private investment in the country, as has been the case in other countries, where this model stimulated Angel involvement. The purpose of the fund is to operate as a ¿matching fund¿. It will only invest in projects/enterprises where there is a certain percentage guaranteed by the individual angel investors of the CIM. This way, the fund serves as committed capital that is invested alongside the individual CIM members, in projects that will have been previously evaluated and approved, accordingly, by the group.

Project Detail

Country

Mexico

Project Number

ME-M1072

Approval Date

November 30, 2011

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 505,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 505,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-13057-ME Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-13057-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31613
Agree-Mif Equity
Inversión de Capital en el Fondo Angel Ventures México I, L_P_ [36494327].PDF
Aug. 04, 2014
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31614
Agree-Mif Equity
Equity Investment in the Angel Ventures Mexico Fund I [36494340].PDF
Aug. 04, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-1406164462-3
TC Document
ME-M1072 - Project summary-.pdf
Dec. 04, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-1406164462-4
TC Document
ME-M1072 - Resumen del proyecto.pdf
Dec. 04, 2018
Spanish

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