Mundi Ventures - LATAM Insurtech Fund
Sector: Raw Materials • Location: Regional
Source: Inter-American Development Bank (IADB)
IDB Invest is proposing an equity investment of up to US$5 million inMundi Insurtech Latam I, (the “Fund”), an investment fund focused on insurtech (insurance technology) providers throughout Latin America and the Caribbean (“LAC”).The region’s low insurance penetration is a result of lagging investment in this sector, which exacerbates inequality and restricts economic growth; insurtech can help
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Participants
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Status
Original status | in implementation |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
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Description
Description | IDB Invest is proposing an equity investment of up to US$5 million inMundi Insurtech Latam I, (the “Fund”), an investment fund focused on insurtech (insurance technology) providers throughout Latin America and the Caribbean (“LAC”).The region’s low insurance penetration is a result of lagging investment in this sector, which exacerbates inequality and restricts economic growth; insurtech can help close the large protection gap and promote financial inclusion. Underlying sectors include health and agriculture, insuring against climate and other risks, and Small and Medium-Sized Enterprises (“SMEs”) are expected to be the principal off-takers.The Fund has a US$100 million target and will be managed by Alma Mundi Ventures (“Mundi Ventures” or the “Fund Manager”), an experienced global fund manager with prior experience in LAC. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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