Company name
Valor Venture Management, LLC
Project number
12851-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category 
FI-2
Country
Brazil
Sector
Investment Funds
Status
In implementation
Disclosed date
04/29/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/29/2020
Approval date
05/29/2020
Signed date
08/20/2020
Sponsoring entity
N/A
Team leader
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
The Project consists of an investment of up to US$10 million in the Valor Opportunity Fund I (“VOF I” or the “Fund”), which aims to provide growth equity for innovative and technology-enabled companies in Brazil.
VOF I will generally invest in mature venture-backed companies (Series B+) in technology, internet and services sectors. VOF I will be managed by Valor Venture Management, LLC (“Valor”). Established in 2014, Valor is one of the most active Venture Capital (“VC”) firms investing in Brazil with 9 unicorns in its track record. VOF I has been designed to capture upside from Valor’s promising portfolio companies.
The Fund will primarily invest in breakout portfolio companies, which require larger amounts of capital than the investments targeted by Valor’s early stage funds. VOF I may also invest in businesses that are not in the portfolios of those funds, including U.S. based global dominant technology companies seeking expansion in Brazil.
The investment is an opportunity to increase IDB Group’s support to the LAC tech ecosystem, channel additional resources to the sector through co-financing opportunities, and develop industry capacity with an experienced investor in the sector. IDB Group’s coordinated investments in VOF I and VVF III, through IDB Invest and IDB Lab, respectively, are an opportunity to deliver a comprehensive solution across the life cycle of technology and innovation start-up companies in LAC.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information:
Client Contact
CONTACT NAME
N/A
POSITION
N/A
PHONE NUMBER
212-803-7174
scott.sobel@valorcapitalgroup.com
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.
ENVIRONMENTAL AND SOCIAL REVIEW
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