Certo S.A. (IFC-38523)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
CERTO S.A.
The holder of the loan, grant, or other investment.
Investment Amount (USD)
$ 38.48 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 26, 2018

Disclosed by Bank Jul 13, 2016


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Project Description

The proposed project entails equity investments in two complementary vehicles. (i) Certo S.A. (“NXTP Labs”), a $38.5 million accelerator and early stage seed fund seeking to support 300 high growth technology startups from across Latin America. (ii) NXTP Fund 2, L.P. (“NXTP 2”), a $120 million early stage venture capital fund that will make venture investments in high growth technology companies across Latin America. A Summary of Investment Information for this project, alongside a second project with the same client, was disclosed together on July 13, 2016.

People Affected By This Project

(i) Address funding gap for seed and early stage investments: Through NXTP Labs, NXTP targets supporting approximately 300 startups. (ii) Job creation: NXTP expects its graduated companies to create a significant number of high quality new jobs directly. (iii) Support local entrepreneurship: Through its NXTP Labs accelerator process and various external events, NXTP will help support entrepreneurs directly and the innovation ecosystem across Latin America.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

For Inquiries About the Project, Contact
Francisco Coronel
NXTP Labs
Malabia 1720 piso 1
Ciudad Autónoma de Buenos Aires
Buenos Aires 1425 Argentina
mailto:francisco.coronel@nxtplabs.com

For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster

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