• The investment will support innovation, digital transformation, and job creation across the region.

   

WASHINGTON – IDB Invest has announced a $10 million equity investment in Bicycle I, L.P., a private equity fund managed by Bicycle Management Company, L.P. With a target size of $500 million, the fund is one of the largest regional growth equity vehicles led by a manager based in Latin America and the Caribbean.  

The fund aims to scale up access to early growth and growth-stage capital for high-potential technology-enabled companies across the region. By combining capital with managerial expertise and access to global networks, the fund will help portfolio companies scale operations and enter new markets. Its goal is to drive innovation, foster economic development, and enhance the competitiveness of the region’s tech sector.

Technology adoption in Latin America and the Caribbean has accelerated in recent years, opening new avenues for digital transformation across industries. Yet a significant financing gap continues to challenge the growth of innovative firms. Fast-growing companies –especially in sectors such as eCommerce, fintech, and software as a service (SaaS) for small and medium enterprises– play a critical role in job creation, productivity gains, and social development. The regional venture capital ecosystem is still maturing, with limited access to growth-stage capital and scale-up support.

In addition to financial support, IDB Invest will provide strategic non-financial support to the Fund. This includes enhancing its environmental and social practices through the implementation of an Environmental and Social Management System (ESMS), strengthening its grievance mechanisms, and delivering training to key personnel.  

IDB Invest will also provide advisory services to strengthen the fund’s ability to track and report on the impact of its investments. This includes developing impact case studies, building an impact dashboard with key performance indicators, and providing training to ensure the methodology can be replicated across the portfolio.  

About IDB Invest

IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 400 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website ww.idbinvest.org/en.  

About Bicycle LAC Growth Fund I

Bicycle Capital is an investment firm built to capitalize on the intersection of global innovation and Latin American markets. The firm was founded in 2023 by Marcelo Claure and Shu Nyatta, with a first fund focused on growth-stage companies (from Series B to IPO) in Latin America. The team represents a unique combination of operators and investors, with a deep regional and global network. Bicycle Capital is headquartered in Miami, FL and Sao Paulo, Brazil.