Investment Fund for Emerging Technology-based Companies LatinTech Ventures

The objective of the fund is to make equity investments in 10-12 companies throughout the life of the fund. The Fund will invest in small and medium-sized companies which exhibit high growth potential, in sectors related to solution providers in software for finance and back-office tools, and software for business intelligence tools and for enhancement of business productivity. Companies newly created and in early stages are expected to comprise the whole of the portfolio. Emphasis will be placed on companies that have already adopted --or are preparing to do so in the future-- the corporate governance standards necessary to become potentially listed in the Novo Mercado. The manager will seek to have a seat in the boards of the investees. The fund does not have a geographical focus, but it is expected that most of the investment possibilities will come from the South and South East regions, although investments in companies located in other regions might be considered as well.

Project Detail

Country

Brazil

Project Number

TC0205010

Approval Date

July 24, 2002

Project Status

Cancelled

Project Type

Equity

Sector

Subsector

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental Classification

Total Cost

USD 4,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 4,000,000.00

Financial Information

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