Blue like an Orange invested US$ 18.0 million in Produbanco in 2018.

Produbanco is a banking institution, founded 40 years ago and part of Grupo Promerica since 2014. Promerica has a strong presence across Latin America and the Caribbean. Produbanco operates in the Ecuadorian financial market with a nationwide coverage. It offers a broad portfolio of products and services to serve the corporate, middle market, SMEs and retail clients. Produbanco is currently the third largest bank by total assets as well as by deposits in Ecuador.

Blue like an Orange invested US$ 18.0 million in Produbanco in 2018. In addition to IDB Invest, Produbanco received funding from various other Development Finance Institutions, such as green funding from the Andean Development Corporation (Corporación Andina de Fomento) and then from FMO in 2016; as well as financing from the International Finance corporation (IFC), Proparco (Groupe Agence Française de Dévelopement) and DEG (KfW Group) in 2018.

Blue like an Orange invested US$ 30.0 million in Cabify in 2018.

Cabify is a ride hailing company with leading positions in Latin America and Iberia. It was founded in May 2011 in Spain and consists of a transportation network that provides vehicles for hire via its smartphone mobile app. Vehicles are driven by their owners, who must pass a selection and certification process.

The Company offers two services, one for businesses and another for individuals. Cabify operates as the contact point between customers and private drivers by means of its mobile app and its web page.

The Company currently operates heavily in the Latin American region, with presence in Brazil, Colombia, Mexico, Peru, Chile, Argentina, Ecuador, Uruguay, Panama, Bolivia and Dominican Republic.

Blue like an Orange invested US $ 25 million in Qintess (former Grupo Cimcorp) in 2019

Qintess is one of the ten largest ICT Services Providers in the Brazilian market, with more than 3,400 employees, distributed in 16 Brazilian states and serving 800 clients. Grupo Cimcorp was founded in 1988 in Sao Paulo, Brazil and was initially a re-seller of ICT equipment.

Following a transformation/repositioning of the company’s business model from an ICT equipment re-selling business into an ICT services provider, Qintess is now providing applications, workspace management solutions, collaboration, network integration, consulting services and managed infrastructure.

Blue like an Orange invested $10 million in MOVii in February 2020

MOVii is a Colombian company that provides access to financial services to the underbanked and unbanked population through the use of new technologies. The Company serves its customers through a digital financial solution and a large network of agents and retailers offering convenient products such as bill payments, correspondent banking, public transportation and recharge of prepaid services (i.e. phone, utility bills, etc.). 

MOVii has a diverse team. Women comprise 54% of its total workforce. Additionally, women occupy 66% of MOVii’s management positions.

The Financing aims to reduce inequality by creating opportunities, increasing financial inclusion to individuals and to SMEs, including refugees affected by the crisis in Venezuela. Moreover, the transaction will allow the company to improve its product development and technological capabilities, as well as to start the process for a full bank license, which will help the company to increase its market penetration in Colombia.

Blue like an Orange invested BRL106 million in Órigo Energia in 2021.

 Founded in 2010, Órigo Energia is a pioneer and leading company in the solar distributed generation market in Brazil. The Company is committed to providing access to affordable and reliable energy and increasing the share of renewable sources on the power grid.

 The financing aims to broaden access to affordable clean energy by small and medium-sized companies and residential consumers, allowing them to reduce their environmental footprint. The transaction will allow the Company to accelerate its expansion plan, increasing its solar photovoltaic installed capacity while also supporting the development of a more diverse and sustainable energy matrix in the country.

Blue like an Orange invested USD10 million in Tembici in 2022.

 Tembici is a leading micromobility company focused on docked bike-sharing systems in Latin America. Founded in 2010, the Company currently operates a fleet of 16k bikes across 12 cities in Brazil, Chile and Argentina, offering an affordable and clean transportation alternative to the population.

 The Company seeks to complement the public urban infrastructure in order to support the development of sustainable micromobility and smart cities. In many locations, Tembici is the first provider of bike-sharing services, with a strong innovation component combining leading technology and the best practices in the industry.

 The transaction aims to support Tembici in expanding its micromobility infrastructure in Latin America. By increasing the number of bikes, e-bikes and dock stations available in current cities and entering new geographies, Tembici will further contribute to a more sustainable transportation infrastructure in the region.

Blue like an Orange invested BRL 30 million in Placi in 2020.

Placi is a Brazilian company specializing in transitional hospital services to long-term care patients, pioneering the development of transitional healthcare in the country. Founded in 2013, the Company currently operates two hospitals in Rio de Janeiro, with occupancy rates over 90%. Placi aims at developing an integrated network of transitional hospitals, setting standards and quality measurements for the sector in Brazil.

The Company focuses on comprehensive care and customized therapies to patients in post-acute stage with emphasis on rehabilitation and palliative care. The Company provides healthcare services primarily to the middle-income class with private health insurance coverage, including corporate and government employees.

Blue like an Orange invested BRL60 million in Rede Decisão in 2021.

Rede Decisão is a Brazilian educational platform that operates private affordable K-12 schools, with a growing footprint in the states of São Paulo and Minas Gerais. Founded in 1984, Rede Decisão ranks among the top 10 players in basic education in Brazil−a highly fragmented market−, and is the only one exclusively focused on the affordable segment. The Company provides quality education while fostering an inclusive and diverse environment across its schools and corporate culture.

Rede Decisão aims to prepare students for higher education, developing their potential both on a professional and personal level. The Company offers a comprehensive curriculum of core school subjects and extracurricular activities, has several programs and tools to qualify and train its faculty on a recurring basis, and seeks engagement of families and the surrounding communities.

Throughout the years, the Company has established an educational model to be replicated in new schools via an organic and inorganic growth strategy. The investment aims at supporting Rede Decisão to expand its reach as a leading provider of quality and affordable basic education in Brazil.

Blue like an Orange invested USD10 million in Solinftec in 2022.

Solinftec is a leading precision agriculture company with operations in Brazil, the United States and across Latin America. Founded in 2007, the Company develops innovative technological solutions that allow its clients to optimize agricultural processes, increasing productivity and sustainability in the field.

The Company’s artificial intelligence platform, ALICE AI, is powered by proprietary in-field data collected from the 27+ million acres of monitored area, providing farmers with real-time actionable insights related to planting, spraying, fertilizing, and harvesting to increase yields, which generates cost savings through reductions in fuel and agricultural inputs and reduces yield volatility.

With this investment round, the Company aims to increase its product offerings and further expand its digital farm operations platform in North America and South America.

Blue like an Orange invested $10 million in Kubo in July 2020

Ku-bo Financiero SA de CV SFP (“Kubo”) is a Mexican Challenger Bank that offers savings accounts, personal loans and term deposits to its clients through its digital platform with the aim to strengthen Mexico’s emerging middle class through technology-based financial services. The Company has a license from the National Banking Commission of Mexico (“CNBV”) that allows them to offer saving accounts as well as term deposits to consumers among others. Apart from loans and savings products, Kubo offers payment solutions such as a wallet and a debit card, and has become a multiproduct bank where clients can manage their finances from a single app.

 The financing aims at supporting Kubo to improve its regulatory capital position, as well as to enhance the Company’s technological and marketing capabilities. Consequently, the transaction will foster financial inclusion for individuals and ease access to finance for SMEs.

Blue like an Orange invested BRL72 million in InvestFarma in 2022.

InvestFarma is one of the largest pharmaceutical retail chains in Brazil. The business model is based on a “value for money” and “value for time” approach, which includes a broad offering of products and services, aiming to serve primarily the middle- and lower-income segments.

The Company was founded in 2018 by Stratus, a Brazilian middle-market private equity firm, to execute a consolidation strategy through the acquisition of small and medium-sized retail chains in the state of São Paulo.

As of 2021, the Company had 95 drugstores operating under the brands of Poupafarma, Drogaria Marcelo, and Drogaria Estação, 2 distribution centers, and Farmadelivery, the 6th largest pharma e-commerce platform of the country.