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ME-Q0006 : Angel Ventures Mexico Fund

Project Status: Implementation

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

Project Number
ME-Q0006
Approval date
November 30, 2011
Project Country
Mexico
Project Sector
SOCIAL INVESTMENT
Project Subsector
HUMAN RESOURCES & WORKFORCE DEVELOPMENT
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
EQU/MS-13058-ME

Financial Information

Project Number
ME-Q0006
Project Status
Implementation

IDB Financing

Financing type
EQU
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
Dec/21/2012

Project Information

Total Cost
USD 20,000,000
Country counterpart financing
USD 16,000,000
Amount
USD 4,000,000

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