$10 million fund announced for technology companies in northern Central America

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By LatAm Reports Editorial Team

The venture capital fund “Delta Fund R.” will finance 25 early-stage technology companies.

Innogen Capital, a risk fund for technology companies, announced the creation of a component of up to $10 million in investment to support 25 early-stage startups in North Central America.

The fund is intended for technology companies in the health, finance, real estate, agricultural and logistics industries.

Innogen Capital detailed that the financing is supported by the United States Agency for International Development (USAID), in addition to a $2.5 million component provided by the United States Finance Corporation for International Development (DFC).

TheUS investmentwas recently confirmed within the framework of the Innovation Summit 2024. The fund has also allocated $1 million from Agrisal Group and Steiner Group.

To date, Innogen Capital has $3.7 million raised. We believe that El Salvador’s digital and startup ecosystem is expanding rapidly, said Rodrigo Dumont, managing partner of Innogen Capital.

Given the lack of active investors in the region in early stages, Delta Fund I fills that gap (…) We make a special call to invest in startups in northern Central America, the executive added.

The fund is designed to support the start-ups of El Salvador, Guatemala and Honduras, whose business model solves a current problem and is highly stable. Firms can get $25,000 to $500,000.

The firm expects the fund to impact between 18 and 25 investors in four years, with a generation of 800 jobs.

This article has been translated from the original which first appeared in Diario El Mundo