WASHINGTON – IDB Lab, the innovation and venture arm of the Inter-American Development Bank Group (IDB Group), approved plans to invest up to $2.5 million in Innogen Delta I, the first venture capital fund to focus exclusively on Central American startups, especially in El Salvador, Guatemala, and Honduras.
Innogen Delta I will invite approximately 25 tech startups to develop solutions for structural challenges in agtech, e-commerce, edtech/future of work, fintech, healthtech, insurtech, logistics, B2B SaaS and other industries. The fund aims to diversify the startup pipeline by investing at least 25% in women-led enterprises, tapping into a market segment with high growth potential and building a more balanced, representative portfolio. In addition to capital, the operation will provide strategy support, business consulting, access to market networks, assistance in expanding to new markets, and future rounds of funding.
The operation strategically incorporates a significant share of domestic capital from the region, with several family offices that bring experience, long-term vision, and a commitment to regional development. In addition to expanding the supply of capital, this mix of local and international investors will help mobilize more resources and consolidate a more robust, sustainable, and well-connected venture capital ecosystem in Central America.
Through this investment, IDB Lab will also help create jobs, grow businesses, and digitalize strategic sectors in the Northern Triangle.
This operation aligns with the IDB Group’s IDBImpact+ strategy, which promotes sustainable and inclusive economic growth grounded in knowledge. It will also help broaden access to seed capital, invigorate local innovation ecosystems, and strengthen regional fund managers focused on emerging markets.
About IDB Lab
IDB Lab is the innovation and venture arm of the Inter-American Development Bank Group. We focus on entrepreneurship and technology to cocreate solutions for development challenges and spark new industries for growth in Latin America and the Caribbean. IDB Lab supports high-impact startups and the innovation ecosystems they need to thrive through flexible financing, practical knowledge, and global connections. www.idblab.org
About Innogen
The venture capital firm Innogen invests in dynamic, highly scalable startups in Latin America and the Caribbean. It focuses on tech solutions that boost business productivity, digitalization, and competitiveness, and it works closely with entrepreneurs, providing strategic advice, access to market networks, and support for expansion. Combining regional experience with a commitment to inclusive development, the firm seeks to strengthen Central America’s innovation ecosystem and accelerate the growth of businesses with major social and economic potential. https://innogencapital.com/en/
