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IDB Lab

North America, District of Columbia, United States, Washington

Description

IDB Lab is the innovation laboratory of the Inter-American Development Bank Group (IDB Group), dedicated to pioneering new solutions for development challenges across Latin America and the Caribbean. Its core mission revolves around fostering inclusive growth and sustainable development by identifying, testing, and scaling innovative business models and technological solutions. The organization operates with a strong emphasis on social and environmental impact, aiming to address critical issues such as financial inclusion, climate change, and digital transformation within underserved communities.

IDB Lab primarily invests in early-stage and growth-stage ventures, employing a flexible array of financial instruments including equity, quasi-equity, loans, and technical cooperation grants. Their investment thesis prioritizes scalable solutions that demonstrate both strong potential for positive impact and financial viability. They actively seek out entrepreneurs and startups leveraging technology to create systemic change, with key areas of interest spanning fintech for inclusion, agritech, circular economy, and solutions enhancing access to essential services and markets.

While specific check sizes can vary based on the instrument and project stage, IDB Lab typically provides initial equity or quasi-equity investments ranging from approximately $500,000 to $2,000,000. These investments are frequently part of larger funding rounds, where IDB Lab often co-invests alongside private venture capital firms, impact investors, and other development finance institutions. This collaborative approach aims to de-risk innovative solutions and attract further private capital into impact-driven enterprises. The organization has a significant track record, having supported over 2,000 projects across 26 countries in Latin America and the Caribbean since its inception, underscoring its deep commitment to regional development.

Investor Profile

IDB Lab has backed more than 43 startups, with 5 new investments in the last 12 months alone. The firm has led 14 rounds, about 33% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in Colombia, Argentina, Brazil.
  • Strong thematic focus on FinTech, Information Technology, Financial Services.
  • Typical check size: $500K – $2M.

Stage Focus

  • Grant (26%)
  • Series B (14%)
  • Seed (12%)
  • Series A (12%)
  • Debt Financing (12%)
  • Pre Seed (12%)
  • Convertible Note (9%)
  • Non Equity Assistance (2%)
  • Series Unknown (2%)

Country Focus

  • Colombia (19%)
  • Argentina (14%)
  • Brazil (14%)
  • Mexico (9%)
  • United States (9%)
  • Chile (7%)
  • Spain (5%)
  • El Salvador (5%)
  • Guatemala (2%)
  • Peru (2%)

Industry Focus

  • Fintech
  • Information Technology
  • Financial Services
  • Software
  • Saas
  • Social Impact
  • Human Resources
  • Information Services
  • Lending
  • Blockchain
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does IDB Lab frequently co-invest with?

Newtopia VC
South America, Distrito Federal, Argentina, Buenos Aires
Co-Investments: 1
Endeavor
North America, New York, United States, New York
Co-Investments: 2
A
North America, Delaware, United States, Wilmington
Co-Investments: 1
IDC Ventures
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 2
Dalus Capital
North America, Distrito Federal, Mexico, Mexico City
Co-Investments: 2
AI
North America, Washington, United States, Seattle
Co-Investments: 1
Living on the Edge
North America, Nuevo Leon, Mexico, Monterrey
Co-Investments: 1
Latin Leap
South America, Antioquia, Colombia, Medellín
Co-Investments: 2
Inversiones El Trueno
North America, San Jose, Costa Rica, San José
Co-Investments: 1
Oikocredit International
Europe, Utrecht, The Netherlands, Amersfoort
Co-Investments: 2

Which angels does IDB Lab often collaborate with?

PD
North America, Florida, United States, Miami
Shared Deals: 1

What are some of recent deals done by IDB Lab?

Jobbi

San Salvador, San Salvador, El Salvador

HR super-app to hire cross-border talent. Find, filter, hire compliantly and pay your global teams in a single place.

Software
Pre SeedFeb 1, 2025
Sofía

Mexico City, Distrito Federal, Mexico

Sofía is a health and technology company that offers health and medical insurance services.

Health InsuranceInsuranceInsurTech
Series UnknownDec 11, 2024
Amount Raised: $13,500,000
Arado

São Paulo, Sao Paulo, Brazil

Arado is a platform for SMB farmers, providing supply chain and business solutions.

AgricultureAgTechFarming
Series BNov 29, 2024
Amount Raised: $2,000,000
Bia Energy

Bogotá, Distrito Especial, Colombia

Bia Energy is a clean energy company that offers users sustainable, cheap, and smart energy alternatives.

EnergyInformation TechnologySustainability
Series BNov 26, 2024
Amount Raised: $8,500,000
AgriCapital

Medellín, Antioquia, Colombia

AgriCapital is a financial service firm that provides store credit, productive credit, credit installments, and accompaniment services.

AgTechCreditFinancial Services
Debt FinancingOct 30, 2024
Marco

Miami, Florida, United States

Marco provides a tech-enabled financing platform designed for small and medium-sized businesses.

Commercial LendingFinancial ServicesFinTechTrading Platform
Series AMar 19, 2024
Amount Raised: $12,000,000
FinanEx

Hollywood, Florida, United States

FinanEx is a fintech company specializing in providing financing to SMEs in the food export space.

Embedded SoftwareFinTechFood and Beverage
Debt FinancingDec 15, 2023
Amount Raised: $2,000,000
Tributo Simple

Delaware, New Jersey, United States

End-to-end tax solution for entrepreneurs, temporary workers, independents or professionals.

AccountingFinTechSaaSSoftware
SeedDec 1, 2023
Jobecam

Brasil, Sao Paulo, Brazil

THE MOST POWERFUL VIDEO INTERVIEW PLATFORM ON THE MARKET! The unique with blind video interview, asynchronous and live interview mode!

Human ResourcesRecruitingSaaSSocial RecruitingStaffing Agency
Debt FinancingNov 3, 2023
Amount Raised: $408,000
Kigüi

Mexico City, Distrito Federal, Mexico

Kigüi is minimizing food waste in supermarkets by incentivizing consumers with cash back to purchase near-expiration goods powered by AI.

E-Commerce PlatformsFood and BeverageSoftwareWaste Management
SeedJun 1, 2023
Amount Raised: $252,000