📋 Tender Overview
Project Number: 49712
Company Name: CANARY IV, L.P.
Date SPI Disclosed: Jul 12, 2024
Country: Brazil
Region: Latin America and the Caribbean
Projected Board Date: Aug 12, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Disruptive Technologies and Funds
Industry: Funds
Sector: Venture Capital Fund
Project Description
The proposed Project is for an equity investment of up to US$15 million into Canary IV, L.P. (the Fund, Fund IV). The Fund will primarily concentrate on investing in Brazilian technology companies at pre-Seed and Seed stages.
Total Project Cost and amount and nature of IFC's Investment: IFC proposes an equity investment of up to US$15 million in the Fund, not to exceed 20% of the Fund’s total capital commitments.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
