The Multilateral Investment Fund (MIF) approved a $4 million equity investment in Angel Ventures Fund I, a fund that will invest in knowledge-intensive, technology-based firms in Mexico.
Through this project, the MIF and Angel Ventures Mexico L.P., the fund’s manager, will contribute to the development of a conducive ecosystem for financing early stage companies through the creation of the first fund dedicated exclusively to seed capital in Mexico. The fund will match qualified angels’ investments in innovative projects and start-up companies with high growth potential, as well as in existing early stage companies that are relatively new and need support to to scale up.
To read the full, original article click on this link: Equity investment in Mexico venture capital Fund - Inter-American Development Bank
