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Company name

Valor Venture Management, LLC

Project number

12851-01

FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.

E&S category
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FI-2

Country

Brazil

Sector

Investment Funds

Status

In implementation

Disclosed date

04/29/2020

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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05/29/2020

Approval date

05/29/2020

Signed date

08/20/2020

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 10,000,000

Currency

USD

Project scope and objective

The Project consists of an investment of up to US$10 million in the Valor Opportunity Fund I (“VOF I” or the “Fund”), which aims to provide growth equity for innovative and technology-enabled companies in Brazil.



VOF I will generally invest in mature venture-backed companies (Series B+) in technology, internet and services sectors. VOF I will be managed by Valor Venture Management, LLC (“Valor”). Established in 2014, Valor is one of the most active Venture Capital (“VC”) firms investing in Brazil with 9 unicorns in its track record. VOF I has been designed to capture upside from Valor’s promising portfolio companies.



The Fund will primarily invest in breakout portfolio companies, which require larger amounts of capital than the investments targeted by Valor’s early stage funds. VOF I may also invest in businesses that are not in the portfolios of those funds, including U.S. based global dominant technology companies seeking expansion in Brazil.



The investment is an opportunity to increase IDB Group’s support to the LAC tech ecosystem, channel additional resources to the sector through co-financing opportunities, and develop industry capacity with an experienced investor in the sector. IDB Group’s coordinated investments in VOF I and VVF III, through IDB Invest and IDB Lab, respectively, are an opportunity to deliver a comprehensive solution across the life cycle of technology and innovation start-up companies in LAC.


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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

scott.sobel@valorcapitalgroup.com

PHONE NUMBER

212-803-7174

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .