IDB Lab, the innovation and venture capital arm of the Inter-American Development Bank Group, has approved an investment of up to $3 million in Amador Seed Fund II, LP (ASF II) to support the growth of innovative, technology-driven ventures in Latin America and the Caribbean, with a focus on Central America. This investment underscores IDB Lab’s commitment to strengthening regional venture capital ecosystems by backing fund managers who invest in early-stage companies with potential for regional scale.
Amador Seed Fund II plans to invest in approximately 25 startups developing software-based solutions, particularly in financial services, health, education, and enterprise software. The fund will also explore opportunities in logistics, mobility, and real estate technologies. Selected startups will receive seed capital, potential follow-on funding, and strategic support including business strengthening, access to commercial networks, capacity building, and guidance for future funding rounds and market expansion.
The fund will prioritize startups operating in Mexico, Chile, Colombia, and Central American countries. Managed from Panama and Mexico, Amador Seed Fund II builds on the experience of its predecessor funds, Amador Seed Fund I and Amador Growth Fund I, which have invested in over 30 startups across 11 Latin American and Caribbean countries.
IDB Lab’s investment aligns with the IDB Group’s IDBImpact+ strategy, which promotes sustainable, inclusive, and knowledge-based economic growth. By expanding access to startup capital and supporting regional innovation ecosystems, the initiative aims to strengthen local fund managers’ presence in emerging markets and foster a more dynamic venture capital environment across the region.
