Sembremos Futuro Fund. A Venture Capital Fund for Forestry Innovations. (IADB-RG-Q0041)

Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.00 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 @ IADB website

Updated in EWS Nov 10, 2017


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Project Description
Launch a private investment fund that will offer smart capital to early-stage and growth companies within the forestry value chain in Latin America, especially in Chile, Argentina, Brazil, Uruguay, Peru, and Colombia. A significant portion of the funds' deal flow is expected to be in businesses directly related to sustainably generating value from forests, including the potential of forestry to capture carbon, the carbon capture of the circular economy, industrial waste recycling, among others. It is also essential that those companies are committed to invest in profitable investments that promote innovations with adaptation or mitigation effects over climate change.
Investment Description
  • Inter-American Development Bank (IADB)
TOTAL COST: USD 30,000,000 COUNTRY COUNTERPART FINANCING: USD 27,000,000 IDB FINANCING:, USD 3,000.000
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).