Cometa IV Targets Latin American Technology Startups with New US$150 Million Fund
Cometa IV targets US$150 million to invest in technology companies across Latin America, with IFC committing US$15 million plus US$10 million for co-investments.
Cometa is preparing to launch its fourth fund, Cometa IV, with a target size of US$150 million focused primarily on companies operating in Latin America and Spanish-speaking markets. The fund has secured a US$15 million commitment from the International Finance Corporation (IFC), along with an additional US$10 million commitment for co-investments.
Cometa IV targets technology companies in Latin America
Cometa IV is a limited partnership established in Delaware and managed by Cometa IV General Partner LLC. The fund is targeting a total size of US$150 million and will primarily invest in companies operating across Latin America and Spanish-speaking markets.
According to the IFC, the fund is expected to expand access to venture capital financing and value creation services for technology startups, supporting business growth.
The initiative also aims to address gender gaps in access to capital. A significant proportion of Cometa IV's portfolio companies is expected to have at least one woman among their co-founders.
IFC commits US$15 million plus US$10 million for co-investments
The International Finance Corporation, part of the World Bank Group, has committed US$15 million to Cometa IV, in addition to US$10 million under a co-investment structure.
The IFC also expects the project to strengthen the integration between the region's traditional real and financial sectors by supporting the expansion of portfolio companies with disruptive business models through channels focused on demonstrating and replicating capabilities.
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