FOMIN

Overview

FOMIN, the venture capital arm of the Inter-American Development Bank, focuses on early-stage investments in technology companies across Latin America. It aims to stimulate private sector development by providing capital and technical assistance to innovative startups in the region. FOMIN's investment strategy includes funding for pre-seed, seed, and growth-stage companies, with a particular emphasis on sectors such as biotechnology, chemicals, precision engineering, plastics, and agroindustry. The fund operates across various Latin American countries, including Brazil, Uruguay, Argentina, Colombia, Mexico, Chile, Peru, Ecuador, Bolivia, Paraguay, Costa Rica, Panama, El Salvador, Guatemala, Honduras, Nicaragua, the Dominican Republic, Jamaica, and Trinidad and Tobago. FOMIN's portfolio companies span a diverse range of industries, including technology, biotechnology, chemicals, precision engineering, plastics, agroindustry, energy, life sciences, media, information and communication technology, healthcare, FinTech, InsurTech, EdTech, and AgTech. The fund's investment sizes range from $1 million to $50 million, aiming to support the growth and competitiveness of small and medium-sized enterprises in the region. FOMIN's mission is to foster innovation, generate employment, and contribute to the establishment of a knowledge-based economy in Latin America. By investing in early-stage companies, FOMIN seeks to bridge the financing gap for emerging businesses and enhance their operational standards, thereby promoting sustainable economic development in the region.

Investment Focus

• Early-stage technology companies in Latin America
• Innovative business models
• High growth potential
• Scalable operations
• Strong management teams

Portfolio Companies