IDB Invest Helps Latin America & Caribbean Tech Industry through Amadeus Fund
IDB Invest has provided an equity investment of up to $10 million in the Amadeus V Latin America Sustainable Growth Fund, a private equity fund established and managed by Amadeus Capital Partners that will provide early growth capital to emerging technology-enabled high growth companies across Latin America and the Caribbean.
The deal seeks to support the growth of young, tech-enabled, innovative, and fast-growing firms in LAC, contributing to higher productivity, job creation, and, ultimately, economic growth. It will also facilitate cross-border technology transfers, thus contributing to increased international integration, as well as to the further development of LAC’s innovation ecosystem.
With a target size of $150 million, the Fund’s investment will focus on several sectors such as FinTech, EdTech, Software-as-a-Service, and next NextGen eCommerce. Amadeus is a pioneer in the European venture capital space and has a long track record, including early-growth and emerging markets strategies. Combining Amadeus’s expertise in tech and early-growth investing with the IDB Group’s local knowledge and network in LAC’s innovation ecosystems, the Fund is expected to play a key role in developing the early-growth tech-investment market segment in LAC.
IDB Invest’s gender, diversity and inclusion (GDI) advisory services will support Amadeus to increase its GDI internal capacity, as well as the application by Amadeus of the Women’s Empowerment Principles Gender Gap Analysis (WEP) Tool to the Fund’s investee companies to create awareness and identify opportunities to improve gender equality in their leadership teams, operations, and product offerings.
This investment is expected to contribute to two United Nations Sustainable Development Goals (SDGs): Decent work and economic growth (SDG 8) and Industry, innovation and infrastructure (SDG 9).
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social and environmental development in the region. With a portfolio of $13.1 billion in asset management and 385 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.
About Amadeus Capital Partners
Amadeus Capital Partners is a global technology investor. Since 1997, the firm has raised over $1bn for investment and used it to back more than 180 companies. With vast experience and a great network, Amadeus’ team of investors and entrepreneurs share a passion for the transformative power of technology. Amadeus has backed Pioneering businesses such as LatAm fintech Creditas; Descomplica, Brazil’s leading edtech company; sequencing company Oxford Nanopore Technologies (LON:ONT); cybersecurity vendor ForeScout (NASDAQ:FSCT); Graphcore, innovators in intelligent microprocessors; and speech recognition company VocalIQ (acquired by Apple). Find us at https://amadeuscapital.com and @AmadeusCapital.