On November 15, the Japan International Cooperation Agency (JICA) signed an investment agreement with Dalus Group LLC (“Dalus”), a venture capital fund manager that invests in early-stage startups in the Republic of Mexico and other Latin American and Caribbean countries.
The project will invest in Dalus’ third fund in collaboration with the United States Development Finance Corporation (USDFC), the development finance agency of the United States, IDB Lab, the innovation lab of the Inter-American Development Bank, and several private investors.
Investment Partners
Dalus Capital Fund III, LP (DCF III)
Country (region covered)
Latin America and the Caribbean
Capital contribution
Up to US$15 million
Project Name
Start-up company growth support business
Business Objectives
This project aims to improve access to finance for startups and promote the creation of a startup ecosystem by investing in investment funds for startups that contribute to solving social issues in the Latin America and Caribbean region, centering on Mexico. This will contribute to the development of the startup ecosystem and the resolution of social issues in the region.
Business Overview
It supports startup companies in Latin America and the Caribbean through investments in DCF III, which Dalus manages as fund manager.
Contribution to SDGs
Contribute to Goal 8 (both job satisfaction and economic growth), Goal 9 (create a foundation for industry and innovation), and Goal 17 (achieve the goals through partnership) of the SDGs.
© Source JICA
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