Mundi Ventures Gains Support from IDB Invest with $5 Million Investment
Deal News | Feb 04, 2025 | Alma Mundi Ventures SGEIC SA
IDB Invest has committed $5 million to Mundi Ventures, specifically targeting their Latin America fund. This initiative aims to address the financial protection gap throughout Latin America and the Caribbean, with a focus on fostering technological innovation and economic resilience. The investment enhances Mundi Ventures' global outreach, aligning with its mission to provide impact-driven investments for underserved regions and industries. With prior commitments like a $25 million backing from AECID/COFIDES, Mundi Ventures continues to build on its significant contribution to financial solutions for small and medium enterprises in the region. IDB Invest, a key player in economic development financing in Latin America and the Caribbean, sees this investment as a strategic move to promote sustainable development.
Sectors
- Venture Capital
- Financial Services
Geography
- Latin America and the Caribbean – The investment is focused on addressing financial protection challenges specific to Latin America and the Caribbean.
- Spain – Spain is relevant as the headquarters of Mundi Ventures is located in Madrid.
Industry
- Venture Capital – Mundi Ventures is a venture capital firm supporting emerging tech and financial protection solutions, targeting industries like insurance and retail.
- Financial Services – The article highlights investments to bridge the financial protection gap for SMEs in Latin America, pertinent to the financial services sector.
Financials
- $5 million – Investment amount committed by IDB Invest into Mundi Ventures' Latin America fund.
- $25 million – Additional commitment by AECID/COFIDES supporting Mundi Ventures' efforts in Latin America.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alma Mundi Ventures SGEIC SA | Investment Firm | Company | A venture capital firm based in Madrid, supporting tech-driven solutions across various industries including insurance and retail. |
| IDB Invest | Investor | Company | A multilateral development bank promoting economic development in Latin America and the Caribbean through the private sector. |
| Raincoat | Portfolio Company | Company | A Puerto Rico-based company providing innovative financial protection solutions, supported by Mundi Ventures. |
| Sami | Portfolio Company | Company | A Brazilian company offering advanced financial solutions, backed by Mundi Ventures. |
| Betterfly | Portfolio Company | Company | A Chilean company pioneering financial protection solutions, part of Mundi Ventures' portfolio. |
| Ol Life | Portfolio Company | Company | A company operating across Latin America providing financial protection services, also supported by Mundi Ventures. |
| AECID/COFIDES | Previous Investor | Company | Spanish institutions who previously committed $25 million to Mundi Ventures, aiding in their impact-driven investment strategy. |