2024.11.18
On November 15, the Japan International Cooperation Agency (JICA) signed an investment agreement with the Dalus Group LLC, a venture capital fund manager investing in startups in Latin America and the Caribbean region.
JICA is co-investing in Dalus’ third fund with U.S. International Development Finance Corporation (USDFC), IDB Lab – an innovation lab of Inter-American Development Bank Group, and other investors from the private sector.
・Investee
Dalus Capital Fund III, LP（DCF III）
・Country (Target Areas)
Latin America and the Caribbean region
・Investment
Amount
Up to 15 million USD
・Project Title
The project for Supporting the Growth of Startups
・Project Purpose
This project aims to improve startups’ finance access and promote the startup ecosystem building by investing in a venture capital fund that contributes to solving social issues in Mexico and the other countries in Latin America and the Caribbean, thereby contributing to the development of startup ecosystem and the improvement of social issues in the region.
・Project Component
Support startups in Latin America and the Caribbean by investing in DCF III
・Contribution to SDGs
This project will contribute to Goal 8 (Decent work and economic growth), Goal 9 (Industry, innovation and infrastructure), and Goal 17 (Partnerships for the goals) of the SDGs.
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