IDB Lab

IDB Lab is the innovation laboratory of the Inter-American Development Bank Group, based in Washington, D.C. Established in 1993, it focuses on fostering economic growth and reducing poverty in Latin America and the Caribbean. The agency supports private sector development by encouraging increased private investment and creating opportunities for disadvantaged populations. As a key component of the IDB Group, IDB Lab plays a crucial role in promoting development through innovative solutions that address the challenges faced by the region, ultimately aiming to improve the quality of life for its citizens.

Irene Hofman

CEO

22 past transactions

Dolado

Series A in 2022
Dolado allows SMBs to have access to the technologies that are only available to more sophisticated players. By doing this, it empowers small companies to bring more efficiency on the way they sell, buy and manage their business. To improve the way merchants sells, Dolado provides a digital catalog that allows the setup of a digital storefront in less than 3 minutes. On the buying side, it offers a B2B Marketplace that connects merchants to top wholesalers and give them access to the best deals. Dolado also offers a Digital Bookkeeping application that serves as a digital ledger to help business owners easily record sales, expenses, and cash transactions in one place.

Sempli

Convertible Note in 2021
Sempli SAS is an online lending platform based in Medellín, Colombia, that focuses on providing financial solutions for small and medium-sized enterprises (SMEs). The platform offers online loans and credit specifically tailored for working capital needs, aiming to facilitate access to capital for these businesses. In addition to its lending services, Sempli also delivers specialized content, online courses, and tools related to finance and corporate governance, which support the financial management and administration of companies. By leveraging technology and information, Sempli enhances the efficiency and convenience of securing funding, thereby aiding SMEs in their growth and value generation processes.

Citibeats

Seed Round in 2021
Citibeats is a Barcelona-based company that specializes in social intelligence and speech analytics software solutions. Utilizing artificial intelligence, particularly natural language processing and machine learning, Citibeats provides an analytics platform capable of processing vast amounts of unstructured data from diverse sources. This technology enables organizations to gain real-time insights into public sentiment and societal trends, allowing decision-makers in both the public and private sectors to respond effectively to emerging issues. Citibeats offers tailored solutions for various sectors, including public services, financial institutions, and custom applications focused on critical event detection and service quality monitoring. By delivering actionable insights significantly faster than traditional methods, Citibeats supports organizations in managing risks and understanding the opinions of citizens on policies and current events.

VU

Series B in 2021
VU LLC is a cybersecurity company that specializes in developing software solutions aimed at preventing fraud and identity theft. Based in Buenos Aires, Argentina, with additional locations in Santiago, Chile; Montevideo, Uruguay; Distrito Federal, Mexico; and Cuenca, Ecuador, VU offers a range of products including the VU Application Server for seamless integration with existing authentication systems, VU Fraud Analysis for environments employing strong authentication, and VU Mobile Token, which generates one-time passwords for secure user identification. Additionally, VU provides VU Smart Wallet for mobile payments, VU Secure VPN for user authentication, and VU Voice Recogn, a biometric solution that identifies users through voice fingerprints. By combining traditional cybersecurity methods with advanced technologies such as biometrics, geolocation, machine learning, and user behavior analytics, VU aims to enhance the security of digital experiences while maintaining user convenience.

Ultracasas

Series A in 2021
Ultracasas operates an online real estate search engine that aims to simplify the process of buying and selling properties. The platform specializes in scheduling home viewings and facilitates direct communication between buyers and sellers. It features property images and ratings, allowing users to make informed decisions. By providing a user-friendly interface, Ultracasas enables sellers to save time and money while offering buyers the flexibility to make quick initial offers from any device, at any time.

46 Degrees Technologies

Convertible Note in 2020
46 Degrees Technologies Inc. is a company that specializes in developing a direct carrier billing platform aimed at content providers, particularly in the gaming sector. Founded in 2014 and based in Encinitas, California, the company focuses on offering mobile payment solutions for consumers who lack access to traditional banking services, including those without credit cards. By facilitating cash payments for digital goods such as games, music, and infotainment products, 46 Degrees Technologies connects unbanked users with digital merchants through collaborations with mobile network operators. Its services target emerging markets in Latin America, Africa, India, and Southeast Asia, where the need for accessible payment alternatives is significant. The company also operates a smartphone application that enables collection agents to facilitate cash transactions on behalf of unbanked consumers, thereby providing a convenient payment method while also creating income opportunities for agents involved in the process.

Timpel

Convertible Note in 2020
Timpel S.A. is a Brazilian company specializing in the research and development of clinical and diagnostic tools, particularly in the field of cardiopulmonary monitoring. Founded in 2004 and headquartered in São Paulo, Timpel develops advanced software and hardware solutions aimed at enhancing clinical decision-making and bedside diagnoses. The company is committed to advancing precision medicine in ventilation, striving to improve outcomes for patients, caregivers, and healthcare providers. Timpel fosters a collaborative approach, bridging academia and industry to drive innovation. It has received investment from FinHealth, a private equity and venture capital firm focused on health, and has also benefited from support by Brazilian public research organizations FAPESP and FINEP.

VU

Series B in 2020
VU LLC is a cybersecurity company that specializes in developing software solutions aimed at preventing fraud and identity theft. Based in Buenos Aires, Argentina, with additional locations in Santiago, Chile; Montevideo, Uruguay; Distrito Federal, Mexico; and Cuenca, Ecuador, VU offers a range of products including the VU Application Server for seamless integration with existing authentication systems, VU Fraud Analysis for environments employing strong authentication, and VU Mobile Token, which generates one-time passwords for secure user identification. Additionally, VU provides VU Smart Wallet for mobile payments, VU Secure VPN for user authentication, and VU Voice Recogn, a biometric solution that identifies users through voice fingerprints. By combining traditional cybersecurity methods with advanced technologies such as biometrics, geolocation, machine learning, and user behavior analytics, VU aims to enhance the security of digital experiences while maintaining user convenience.

Citibeats

Seed Round in 2019
Citibeats is a Barcelona-based company that specializes in social intelligence and speech analytics software solutions. Utilizing artificial intelligence, particularly natural language processing and machine learning, Citibeats provides an analytics platform capable of processing vast amounts of unstructured data from diverse sources. This technology enables organizations to gain real-time insights into public sentiment and societal trends, allowing decision-makers in both the public and private sectors to respond effectively to emerging issues. Citibeats offers tailored solutions for various sectors, including public services, financial institutions, and custom applications focused on critical event detection and service quality monitoring. By delivering actionable insights significantly faster than traditional methods, Citibeats supports organizations in managing risks and understanding the opinions of citizens on policies and current events.

Lendbuzz

Debt Financing in 2019
Lendbuzz, Inc. is a car financing platform based in Boston, Massachusetts, established in 2015. It specializes in providing car loans to individuals with limited U.S. credit history, including international students, expats, and foreign professionals. The company utilizes machine learning algorithms and data-intensive scoring technology to assess creditworthiness based on factors such as employment, education, and personal history, rather than traditional credit scores or the requirement of a Social Security Number. This innovative approach allows Lendbuzz to offer attractive loan terms to customers who are often overlooked by conventional lenders. Once approved, clients can purchase vehicles from any dealership and work toward building their U.S. credit history while managing their loans through an online platform.

Sempli

Debt Financing in 2019
Sempli SAS is an online lending platform based in Medellín, Colombia, that focuses on providing financial solutions for small and medium-sized enterprises (SMEs). The platform offers online loans and credit specifically tailored for working capital needs, aiming to facilitate access to capital for these businesses. In addition to its lending services, Sempli also delivers specialized content, online courses, and tools related to finance and corporate governance, which support the financial management and administration of companies. By leveraging technology and information, Sempli enhances the efficiency and convenience of securing funding, thereby aiding SMEs in their growth and value generation processes.

Hybrico

Convertible Note in 2018
Green Uptime for Mission Critical Sites - HYBRICO delivers end-to-end energy-as-a-service solutions through hybrid power for telecom towers

UMITRON

Seed Round in 2018
Umitron is a data company for aquaculture. We support fish farmers to increase productivity through data analytics. One of the biggest challenges in aquaculture is increasing feeding cost. We optimize feed amount and timing by using fish behavior analytics and water quality data. Our goal is to "install Sustainable Aquaculture on Earth".

Cuantix

Pre Seed Round in 2018
Cuantix is cloud software that allows organizations to easily measure and manage their social impact

FinConecta

Seed Round in 2018
We are a technology company that brings together digital solutions and businesses in the financial world and beyond. Our platform, 4wrd, accelerates digital transformation and Open Banking, facilitating different use cases and new business opportunities.FinConecta offers a unique integration model to our platform 4wrd through one single integration, accelerating time to market at a fraction of the cost.4wrd (forward) is FinConecta’s proprietary middleware and is built on the foundation of the most modern and reliable technological infrastructure of APIs and ESB, creating a modular, flexible, and scalable structure capable of enabling Open Banking and Open Innovation. - Digital Solutions Store features an online catalog of a premium array of solutions. - API Gateway manages APIs from a comprehensive catalog, facilitating the integration of third-party solutions. - Open Banking enables Financial Institutions to implement their own branded developer portal, invite, administer and track TPPs using our API catalog. - Sandbox provides a secure environment for testing before going into production. - Consent Module universal digital security module that governs the access to sensitive business and client digital assets.

S4

Series A in 2018
S4 is a technology service company that provides risk management solutions to ensure food production. It also develops index-based coverage to transfer the agriculture industry's volatilities to the financial markets, through OTC-derivatives contracts. The company offers products and services are used by a broad range of customers including large growers, crop protection and seeds suppliers, crop insurance providers, banking, and commodity exchanges. S4 integrates the harvest information with a planting plan, seed density, and soil analysis. They had developed a decision-making geo-referenced platform for the agricultural producer. They seek to improve the decision-making process in complex environments to collaborate in the global challenge of generating quality food for humanity. S4 was founded on 2011 and is headquartered in Buenos Aires, Argentina.

Sempli

Convertible Note in 2018
Sempli SAS is an online lending platform based in Medellín, Colombia, that focuses on providing financial solutions for small and medium-sized enterprises (SMEs). The platform offers online loans and credit specifically tailored for working capital needs, aiming to facilitate access to capital for these businesses. In addition to its lending services, Sempli also delivers specialized content, online courses, and tools related to finance and corporate governance, which support the financial management and administration of companies. By leveraging technology and information, Sempli enhances the efficiency and convenience of securing funding, thereby aiding SMEs in their growth and value generation processes.

Sempli

Seed Round in 2017
Sempli SAS is an online lending platform based in Medellín, Colombia, that focuses on providing financial solutions for small and medium-sized enterprises (SMEs). The platform offers online loans and credit specifically tailored for working capital needs, aiming to facilitate access to capital for these businesses. In addition to its lending services, Sempli also delivers specialized content, online courses, and tools related to finance and corporate governance, which support the financial management and administration of companies. By leveraging technology and information, Sempli enhances the efficiency and convenience of securing funding, thereby aiding SMEs in their growth and value generation processes.
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