Blog IICA

SP Ventures Regional Fund (Agventures II)

Start Date: 17/03/2022
End Date: 11/06/2022

Description

This investment aims to support the first regional agtech-focused Agventures II fund, to be managed by SP Ventures, an experienced agtech-focused venture capital fund manager. By establishing the fund, the project will support the consolidation and scale-up of innovative early-stage agtech companies (SMEs) that will develop technologies to deliver productivity, market and environmental solutions for the agricultural sector in Latin America, especially for small and medium-sized enterprises. Farmers to generate environmental benefits related to climate change, land degradation, and chemicals and waste.

Action scope

Hemispheric

Evaluated

No

Stage

Implementation- Ongoing

Temporalidad

Short-term

Number of Years

N/A

Related elements

Budget in USD

Budget in USD
$5,000,000.00
Counterpart Budget
$58,300,000.00
Total Budget
$63,300,000.00
Annual Average Budget
$63,300,000.00

Institutions

Institutions Institutions rols
BID: Banco Interamericano de Desarrollo Financing-investor
SP Ventures Gestora de Recursos Ltda Execution and operation

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