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EcoEnterprises Partners III

Subsidy : May 2023

BIO has granted USD 250,000 to the technical assistance facility of EcoEnterprises Partners III, a gender-smart venture fund focused on Latin America.

Amount

$ 250,000.00

Type of investment

Subsidy

Beneficiary locations

Latin America and Caribbean: Bolivia, Colombia, Ecuador, Nicaragua, Peru

Investment field

Investment Companies & Funds

Activity

KK.64.300 SME Fund

Organisation

EcoEnterprises Partners III

More investments in

EcoEnterprises Partners III

  • Equity € 6,208,300.00 (2019)

EcoEnterprises Fund is a women-led venture fund with an unparalleled track record of over 20 years building nature-positive, gender-smart investment portfolios in Latin America. A pioneer in impact investing, the Fund Manager work hand-in-hand with small businesses to enhance biodiversity, promote climate solutions, and create socio-economic opportunities for rural communities. Ecoenterprises’ three funds have invested to date in 44 community-based, sustainable companies in organic/regenerative agriculture, agroforestry, aquaculture, ecotourism, and other adjacent sectors that promote fair and equitable livelihoods, conserve local ecosystems, and encourage climate resilience along smallholder supply chains.

Technical assitance facility

The objective of the facility is to

  • To leverage the provided resources to build a robust programmatic approach for portfolio-wide business and impact support;
  • To add value to address portfolio company needs in three priority areas of impact potential for the Fund
    • gender action,
    • climate solutions, and
    • environmental and social (E&S) capacity;
  • To deliver strategic interventions to strengthen the Fund portfolio’s business performance while enhancing their impact outcomes;
  • To provide innovative business models for replication and learning by other businesses in the region, and to set an example for such interventions in the impact investing industry.

Expected impact

The expected result of the project will be a strengthened TA facility able to systematically deliver critical (business) support to companies. BIO's support will enable the Fund to expand and deepen its ongoing work with portfolio investees to drive change on gender equality and climate change, in addition to strengthening companies’ E&S and their organisational, financial, and management practices and processes, while improving capacity at all levels to assess and report on impact.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

América Orgánica

Bolivia, Peru

Company active in the commercialization of organic and natural products sourced and sold within Latin America

Barnana

Ecuador

Upcycled banana and plantain-based products

Ecoflora Cares

Colombia

Ecoflora Cares is a Colombian natural colorant company that has developed patented plant-based extracts for use in the global food, beverage, and cosmetics industries. Focused on developing products derived from Colombia biodiversity, the Company’s primary product is a blue colorant from the jagua fruit.

Equilibria

Colombia

Colombian producer and exporter of certified organic Persian lime. The company is boosting productivity at the farm level, while taking a state-of-the-art, low impact organic lime production to scale.

FLP Global

Colombia, Ecuador, Peru

Company dedicated to the production, marketing and selling of fresh and processed tropical fruit. Founded in Colombia in 1986, the Company later expanded operations to Ecuador and Peru.

INDEF Colombia

Colombia

Producer of certified sustainable wood pellets

Kiva

Ecuador

Healthy vegetable chips made of Andean native products (manioc, taro, parsnip, white carrot and beetroot).

NUU Alimentos

Brazil

Food production

Omega Azul

Fresh and frozen seafood produced through sustainable aquaculture in Baja California, Mexico.

ProNuvo

Processing of insect protein from Black Soldier Fly larvae for the pet food and animal feed.

Rolf Wittmer

Ecuador

Sustainable tourism company on the Galapagos Islands.

Sambazon

Brazil

Acai processing and healthy products.

Sistema Biobolsa

Colombia, Guatemala, Nicaragua

Sistema Biobolsa builds, sells, and markets a proprietary biogas product line for small to medium-scale farmers in Latin America, Africa, and Asia. The Company’s patented biodigester converts waste to energy, which can provide power for cooking, heating, and electricity generation to rural households and farms.

Smartbreeder

Brazil

Platform providing farmers data-driven intelligence to improve crop management and yield performance

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