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Incubator/Accelerator
bidlab.org

Investments

28

Portfolio Exits

1

Funds

6

Partners & Customers

3

About IDB Lab

IDB Lab is the innovation laboratory of the Inter-American Development Bank. IDB Lab supports innovative projects and early-stage ventures with the potential to generate impact on a large scale.

Headquarters Location

Washington, DC,

United States

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Latest IDB Lab News

Ecuador based BuenTrip Ventures Raises Money from IDB

Feb 7, 2023

Ecuador-based BuenTrip Ventures, a Latin American-focused VC fund, and accelerator, has secured its first institutional investor in its second fund. The funding included the participation of the Inter-American Development Bank (IDB) through IDB Lab. IDB Lab aims to support innovation and the development of the... Read More

IDB Lab Investments

28 Investments

IDB Lab has made 28 investments. Their latest investment was in Ualabee as part of their Grant on October 10, 2022.

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IDB Lab Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/24/2022

Grant

Ualabee

$0.12M

Yes

1

10/11/2022

Series B

Elenas

$20M

Yes

2

10/10/2022

Seed VC

CoreZero

$7M

Yes

2

9/14/2022

Loan

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$99M

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10

5/6/2022

Series A - III

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$99M

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10

Date

10/24/2022

10/11/2022

10/10/2022

9/14/2022

5/6/2022

Round

Grant

Series B

Seed VC

Loan

Series A - III

Company

Ualabee

Elenas

CoreZero

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Amount

$0.12M

$20M

$7M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

2

10

10

IDB Lab Portfolio Exits

1 Portfolio Exit

IDB Lab has 1 portfolio exit. Their latest portfolio exit was Satellogic on January 26, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/26/2022

Reverse Merger

$99M

6

Date

1/26/2022

Exit

Reverse Merger

Companies

Valuation

$99M

Acquirer

Sources

6

IDB Lab Fund History

6 Fund Histories

IDB Lab has 6 funds, including Latin America & Caribbean (LAC) – Korea Startup Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/14/2019

Latin America & Caribbean (LAC) – Korea Startup Fund

Early-Stage Venture Capital

Closed

$83M

1

7/27/2012

Dominican Republic Seed Capital Fund

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$99M

10

LAC-Korea Startup Fund

10

EcoEnterprises Fund

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10

EcoEnterprises Fund II

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10

Closing Date

8/14/2019

7/27/2012

Fund

Latin America & Caribbean (LAC) – Korea Startup Fund

Dominican Republic Seed Capital Fund

LAC-Korea Startup Fund

EcoEnterprises Fund

EcoEnterprises Fund II

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$83M

$99M

Sources

1

10

10

10

10

IDB Lab Partners & Customers

3 Partners and customers

IDB Lab has 3 strategic partners and customers. IDB Lab recently partnered with Google on February 2, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

2/17/2021

Partner

United States

IDB and Google Partner to Strengthen Small Businesses in Latin America and the Caribbean.

Examples of this historic partnership between Google Cloud and the IDB Lab include : ConnectAmericas , an initiative that helps SMEs strengthen their businesses by providing them access to clients , suppliers , and investors in the region and around the world ; an IT certification program to enhance employment opportunities for vulnerable young people in Brazil and Panama , with a focus on women , thereby creating a sustainable and inclusive model for training and labor force insertion ; and FAIr LAC , an alliance between the public sector , private sector , and civil society which strives to influence public policy and the entrepreneurial ecosystem , with the ultimate goal of promoting the responsible and ethical use of artificial intelligence .

1

6/22/2020

Partner

United States, and El Salvador

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10

8/1/2019

Partner

United States

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10

Date

2/17/2021

6/22/2020

8/1/2019

Type

Partner

Partner

Partner

Business Partner

Country

United States

United States, and El Salvador

United States

News Snippet

IDB and Google Partner to Strengthen Small Businesses in Latin America and the Caribbean.

Examples of this historic partnership between Google Cloud and the IDB Lab include : ConnectAmericas , an initiative that helps SMEs strengthen their businesses by providing them access to clients , suppliers , and investors in the region and around the world ; an IT certification program to enhance employment opportunities for vulnerable young people in Brazil and Panama , with a focus on women , thereby creating a sustainable and inclusive model for training and labor force insertion ; and FAIr LAC , an alliance between the public sector , private sector , and civil society which strives to influence public policy and the entrepreneurial ecosystem , with the ultimate goal of promoting the responsible and ethical use of artificial intelligence .

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Sources

1

10

10

IDB Lab Team

1 Team Member

IDB Lab has 1 team member, including current Chief Executive Officer, Irene Arias Hofman.

Name

Work History

Title

Status

Irene Arias Hofman

Chief Executive Officer

Current

Name

Irene Arias Hofman

Work History

Title

Chief Executive Officer

Status

Current

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