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Company name

VU Security

Project number

14084-01

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
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C

Country

Regional

Sector

Digital Economy

Status

Hold

Disclosed date

10/19/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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12/19/2022

Approval date

12/19/2022

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 3,000,000

Currency

USD

Project scope and objective

VU Security is a global cybersecurity company specialized in identity protection and fraud prevention, supporting more than 350 organizations through the development of secure and frictionless digital experiences both for individuals and companies, throughout the digital transformation process. The Company has become a market leader, and has successfully launched operations in more than 20 countries.

 

The capital raised through the funding round will be used to finance the Company's growth, through the development of new products and services and launch of new channels for joint ventures and partnerships, aiming to position VU Security as a global supplier of cybersecurity and identity management services.

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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.

VU SECURITY - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

194.6 Kb

VU SECURITY - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

133.1 Kb

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .

Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

david.gomez@vusecurity.com

PHONE NUMBER

+549 1 6818 3181

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .