On January 7, the Japan International Cooperation Agency (JICA) signed an investment agreement with Valor Venture Partners V, L.P. (“Valor”), a venture capital fund specializing in early-stage startup companies, mainly Series A stage, in the Latin America and Caribbean region. (“Valor”), which operates a venture capital fund specializing in early-stage startups, mainly in the Series A stage.
This project supports start-ups with Valor that have innovative business models and technologies to solve social issues such as financial inclusion in Latin America and the Caribbean that have not been solved by public institutions or existing private companies. It is envisioned that the project will also collaborate with existing JICA startup support programs such as the TSUBASA program (TSUBASA | Solving Development Issues in Latin America and the Caribbean with Japanese Startups), which supports Japanese startups and others to expand into the region.
Valor members and portfolio entrepreneurs at Valor’s 2025 Annual Meeting
The project will be financed in collaboration with development finance institutions such as the International Development Finance Corporation (IFC) and the Inter-American Investment Corporation (IDB Lab), as well as several private investors including Credit Saison Co.
Investment Partners
Valor Venture Fund V, L.P.
Country (region covered)
Latin America and the Caribbean
Capital contribution
US$20 million
Project Name
Startup Acceleration Support Program
Business Objectives
This project aims to contribute to the development of the startup ecosystem in Latin America and the Caribbean by investing in investment funds for early-stage startups in the region, thereby improving access to finance for startups and expanding their businesses, thereby contributing to the development of the startup ecosystem in the region and solving social issues.
Business Overview
Through its investment in Valor Venture Fund V, L.P., the fund will invest in startups, primarily Series A stage, in the Latin America and Caribbean region.
Contribution to the SDGs
Goal 8 (both job satisfaction and economic growth)
Goal 9 (Create a foundation for industry and technological innovation)
Goal 17 (Let’s achieve our goals in partnership)
Other
This project will fall under the “CORE” cooperative framework with the IDB Group:
© Source JICA