Indrive, a mobility platform based in Mountain View (USA), announced they are launching a Corporate Venture Capital (CVC) fund to invest up to $100M in Latin American startups.
The fund will invest in pre-Series A startups in emerging markets with limited access to capital.
“InDrive is in a unique position, leveraging its presence and rapid growth in emerging markets, to invest in local startups focused on improving people’s lives,” commented Andries Smit, Vice President of New Ventures at InDrive, in a statement.
Source: DFSud