YA Ventures Fund I: Unlocking the Potential of Underrepresented Startup Founders

The objective of the project is to promote the inclusion of (i) enterprises owned by women, black, and indigenous entrepreneurs in the region and; (ii) enterprises that have a high impact on these communities. YA Ventures is a first-time fund management firm that comprises mostly well-connected and top-notch black professionals with a long track record in investing, developing and promoting companies led by invisible entrepreneurs. They have experience and connections with investors and stakeholders from LAC and the USA.

Project Detail

Country

Regional

Project Number

RG-Q0092

Approval Date

April 22, 2022

Project Status

Cancelled

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE 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 0.00

Original Amount Approved

USD 3,000,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-456391505-3

Donors Memorandum

RG-Q0092 Resumen del proyecto.pdf

Apr. 26, 2022

English

Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-456391505-2

Profile

IDEATE 2021-12-08 Public Summary 1083 RG-Q0092.pdf

Jan. 07, 2022

English

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