October 2

CAF to Allocate USD$5 Million to Finance Innovative Startups

By Eduardo Vega

The Development Bank of Latin America and the Caribbean (CAF) approved an investment of USD$5 million in Fund III of NXTP Ventures, as part of its commitment to promote the development of innovative startups in the region. This investment will be channeled through the Investment and Business Development Fund (FIDE) to support Small and Medium Enterprises (SMEs).

NXTP Ventures is a prominent private equity fund in Latin America, specialized in innovative and scalable technological startups led by disruptive entrepreneurs.

Photo courtesy of WOCinTech Chat.

Source: Contxto (link opens in a new window)

Investing, Technology
impact investing, innovation, MSMEs, scale, startups