The World Angel Investor Forum (WBAF), recently announced the creation of the Association of Angel Investors of Latin America and the Caribbean (LACBAN).
The founders of this new body come from various countries in the region, such as Brazil, Chile, Costa Rica, Ecuador, Guyana, Jamaica, Mexico, Panama, Peru, Trinidad and Tobago, and Venezuela. Marcus Dantus, a prominent angel investor from Mexico, will serve as the association's president.
LACBAN: more investment to contribute to the development of the region
Recent case studies have highlighted how the use of emerging technologies in Latin America can achieve social objectives such as increasing financial inclusion, fighting corruption, improving public health, or reducing crime.
According to the report prepared by Cuantico VC, an investment platform focused on mapping and promoting emerging companies in the region, the volume of angel investment in Latin America by 2022 reached the figure of USD $1,200.00 M. For this reason, it becomes evident that the angel investors and start-ups play a key role in contributing to the development of the region in these areas.
The association, created with these objectives in mind, is the result of the Global Agreement for Financial Inclusion and Cooperation signed between the WBAF and the Ministry of Foreign Affairs of Mexico in 2020. Its objective is to facilitate access to financial resources for entrepreneurs from the Latin American and Caribbean region.
The new association will be based in Mexico City and will be the global voice of early-stage equity and capital markets in the region. The announcement of the association was made at a bell ceremony on October 25, 2022 at the World Angel Investor Congress 2022 in Turkey, with the participation of founding members of the WBAF, Mexico, Chile, Guyana and Spain, and a video message from Martha Delgado, Undersecretary for Multilateral Affairs and Human Rights of the Ministry of Foreign Affairs of Mexico.
“At LACBAN, we will focus on key strategic challenges, including closing capital gaps, encouraging stock exchanges to create more liquidity, engaging chambers of commerce to increase the number of angel investors, encouraging corporations to establish their own corporate companies, fostering cross-border investments and supporting business ecosystems by providing innovative and viable solutions in the economies of Latin America and the Caribbean”, said LACBAN President Marcus Dantus.