Company name
Rock Content
Project number
13915-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Regional
Sector
Digital Economy
Status
Inactive
Disclosed date
04/28/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/18/2022
Approval date
11/18/2022
Signed date
03/29/2023
Sponsoring entity
EverWrite Inc. (USA) and Rock Content Serviços de Mídia Ltda. (Brazil)
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 10,000,000
Financing amount
USD $ 12,500,000
Currency
USD
Project scope and objective
IDB Invest is considering an investment of up to US$15 million in EverWrite Inc. (the “Company”) and its subsidiaries (together with the Company, “Rock Content”). Launched in 2013, Rock Content is a digital content marketing solution provider established and based in Brazil and providing services in four continents and operational companies in four countries. Rock Content hires approximately 400 people, approximately 85 are located in Latin America.
Digital content marketing is becoming an important tool for the companies worldwide to grow its operations. Rock Content is a unique player as the majority of its workforce is located in Latin America while Rock Content generates approximately 65% of the revenue from the United States and Canada.
The objectives of providing financing to Rock Content is (i) increasing the export of digital services inside Latin America and from Latin America to countries outside the region, (ii) fostering the investment in development of innovative products and services, and (iii) promoting employment in the technology industry.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ROCK CONTENT - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) AND (ESAP)
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