PROJECT

Projects

Summary of Investment Information

Project Number

44477

Company Name

CARAO VENTURES FUND I, LP

Date SPI Disclosed

Nov 22, 2023

Country

Central America Subregion

Region

Latin America and the Caribbean

Projected Board Date

Jul 30, 2020

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 1, 2020
Signed : Jun 18, 2021
Invested : Aug 6, 2021

Sector

Venture Capital Fund

Project Description

The proposed investment is an equity investment of up to US$3 million in Carao Ventures Fund I (“the Fund”), an Ontario-domiciled venture capital fund focused on investing in early stage technology companies in Latin America, with a primary focus on Central America and the North Andean Region.

Associated Advisory Engagement

There are no Advisory Engagements associated with the Fund at this stage.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation