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-Q0006

Approval Date

November 30, 2011

Project Status

Implementation

Project Type

Equity

Sector

SOCIAL INVESTMENT

Subsector

HUMAN RESOURCES & WORKFORCE DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 20,000,000.00

Country Counterpart Financing

USD 16,000,000.00

Original Amount Approved

USD 4,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-13058-ME Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-13058-ME
  • 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