IFC VENTURE CAPITAL ACCELERATING TECHNOLOGY INNOVATION FOR EMERGING MARKETS. December 2015

Size: px

Start display at page:

Download "IFC VENTURE CAPITAL ACCELERATING TECHNOLOGY INNOVATION FOR EMERGING MARKETS. December 2015"

Audra Peters
6 years ago
Views:

1 IFC VENTURE CAPITAL ACCELERATING TECHNOLOGY INNOVATION FOR EMERGING MARKETS December

2 OUTLINE IFC AT A GLANCE IFC S TRACK RECORD IN VENTURE INVESTING PORTFOLIO THE IFC ADVANTAGE WORKING WITH US TEAM 2

3 IFC: PART OF THE WORLD BANK GROUP TWIN GOALS: ENDING POVERTY & PROMOTING SHARED PROSPERITY IBRD International Bank for Reconstruction and Development Loans to middleincome and credit-worthy low-income country governments Solutions in private sector development Interest-free loans and grants to governments of poorest countries IDA International Development Association IFC ICSID Conciliation and arbitration of investment disputes Guarantees of private sectors investment s non-commercial risks MIGA International Center for Settlement of Investment Disputes Multilateral Investment and Guarantee Agency 3

4 OVER US $120 BILLION INVESTED IN EMERGING MARKETS SINCE 1956 KEY CORPORATE FACTS FOUNDED 1956 with 184 member countries OFFICES 108 offices in 98 countries EMPLOYEES > 4,000 global FINANCIAL PRODUCTS Equity, quasiequity, loans, risk management and local currency products INVESTMENT PORTFOLIO Committed portfolio of US$50.4 Billion. TOTAL ASSESTS TARGET GEOGRAPHIES SECTORS THE IFC ADVANTAGES US$87.6 Billion Global Emerging Markets E.g. Agriculture/Financial Markets/ Manufacturing Service/Health & Education/ Infrastructure/ Oil, Gas and Mining/ Telecoms, Media & Technology AAA-rated by S&P and Moody s Largest multilateral source of loan/equity financing in Emerging Markets Takes market risk with no sovereign guarantees Promoter of environmental, social, and corporate governance standards Focus on development impact 4

5 GLOBAL INVESTMENT PORTFOLIO $17.7 BILLION in long-term investment commitments, including more than $7 billion in funds mobilized from other investors.* *including global projects 5

6 OUTLINE IFC AT A GLANCE IFC S TRACK RECORD IN VENTURE INVESTING PORTFOLIO THE IFC ADVANTAGE WORKING WITH US TEAM 6

7 IFC MADE ALMOST 1$ BILLION IN VC INVESTMENTS TO DATE IFC HAS MORE THAN A DECADE EXPERIENCE IN VENTURE INVESTING Total Investment (in millions, ) Cumulative Number of Investments > 90+ investments up to $1 Billion IT SERVICES Selective VC investing in IT services Focus on technology transfer and Asia CLEANTECH Dedicated Cleantech VC platform established. Focus on China & India EXPANDED CLEANTECH Expanded into Agribusiness and Watertech Regional Expansion into Africa, Latin America and Caribbean, & Middle East * Total investments are cumulative, including Early Stage Funds and Joint Ventures with IFC s Mainstream Business onwards IFC VENTURE PLATFORM ACROSS SECTORS Expanded VC mandate beyond Cleantech incl. priority sectors: Edu-tech, Health, Consumer Internet. Investing worldwide in ventures geared towards Emerging Markets.

8 STRATEGIC PRIORITY SECTORS EDU-TECH Skills & Assessment Enhancing E-Learning HEALTH VC Service Delivery Health IT Diagnostics CONSUMER INTERNET Marketplaces Ecommerce Enabling Services CLEANTECH 2.0 Off/on-grid Smart Energy / IoT Storage 8

9 OUTLINE IFC AT A GLANCE IFC S TRACK RECORD IN VENTURE INVESTING PORTFOLIO THE IFC ADVANTAGE WORKING WITH US TEAM 9

10 SNAPSHOT OF PORTFOLIO COMPANIES Coursera (USA) is a global platform for free online education classes that holds great potential for promoting access to high-quality university and vocational education for millions of students in developing countries. Aihuishou (China) is China s largest secondhand electronic device reuse and recycling platform. The company provides an online pricing and bidding platform as well as logistics services and collection booths that allow users of smart phones, tablet computers and other electronics to sell and recycle their old devices in an environmentally friendly way. Microvast, Inc (China) is a growing research and technology driven company offering advanced power solutions for applications including electric vehicles, electric bikes, and power tools, as well as patented battery materials. Fluidic Energy (USA) is a provider of energy storage solutions with significant operations in Southeast Asia. The company supplies zinc-air batteries to support critical loads and backup power applications worldwide. The company s products include remote site management, multi-year performance warranties and innovative financing terms. Netshoes (Brazil) is the largest pure play e-commerce sporting goods in the world with growing operations in Latin America. Netshoes owns five distribution centers, three of which are in Brazil, one in Argentina and one in Mexico. 10

ACTIVE PORTFOLIO OF 24 VC DEALS Portea Medical $7 MM Equity India, 2015

Netshoes $20 MM Equity Brazil, 2015 Kaymu $5 MM Equity Croatia, 2014 EyeQ $5.

11 ACTIVE PORTFOLIO OF 24 VC DEALS Portea Medical $7 MM Equity India, 2015 Hepsiburada $15 MM Equity Turkey, 2015 Planet Labs $20 MM Equity World, 2015 Netshoes $20 MM Equity Brazil, 2015 Kaymu $5 MM Equity Croatia, 2014 EyeQ $5.5 MM Equity India, 2014 Off-Grid Eletric $7 MM Quasi-Equity Tanzania, 2014 Aihuishou $6.7 MM Equity China, 2014 Dafiti $17 MM Equity Brazil, 2014 Lamoda $11 MM Equity Russia, 2014 Ayla Networks $4.5 MM Equity World, 2014 NephroPlus $7 MM Equity India, 2014 Fluidic Energy $7 MM Equity World, 2014 Bridge International Academies $10MM Equity Kenya, 2014 Organica $4 MM Equity World,

35 MM Equity India, 2012 Haitai $9 MM Equity China, 2011 Microvast $30 MM Equity China, 2011 Attero

12 ACTIVE PORTFOLIO OF 24 VC DEALS Coursera $5MM Equity World, 2014 Ecolibrium $1 MM Equity India, 2014 Kaiima $10 MM Equity World, 2013 Kalkitech $1.35 MM Equity India, 2012 Haitai $9 MM Equity China, 2011 Microvast $30 MM Equity China, 2011 Attero Recycling $5 MM Equity & Convertible India, 2010 Azure Power $18.6 MM Equity $9.88 MM Convertible India, Applied Solar $10 MM Debt $12.06 MM Equity India,

VC FUNDS PORTFOLIO Rocket Fund Learn Capital WAMDA TPG ART CVentures $28 MM Equity $20 MM Equity $10 MM Equity $25 MM Equity $8 MM Equity World, 2015 World, 2015 MENA, 2014 World, 2013 Brazil, 2013

13 VC FUNDS PORTFOLIO Rocket Fund Learn Capital WAMDA TPG ART CVentures $28 MM Equity $20 MM Equity $10 MM Equity $25 MM Equity $8 MM Equity World, 2015 World, 2015 MENA, 2014 World, 2013 Brazil, 2013 EARLYBIRD SINOGREEN FUND Early Bird $25 MM Equity Turkey, 2013 Almaz Capital $25 MM Equity Russia, 2013 Sinogreen Fund $20 MM Equity China, 2012 Infuse Capital $5 MM Equity India, 2012 Nereus Capital $20 MM Equity India, 2012 GEF China Environment Fund IV $20 MM Equity China, 2011 SACEF $20 MM Equity South Asia, 2010 Venture East $15 MM Equity India, 2008 SBCVC Fund II $20 MM Equity China,

14 OUTLINE IFC AT A GLANCE IFC S TRACK RECORD IN VENTURE INVESTING PORTFOLIO THE IFC ADVANTAGE WORKING WITH US TEAM 14

15 IFC VALUE ADD EMERGING MARKETS Decades of experience as the largest multilateral source of equity financing in emerging markets. FULL CYCLE CAPITAL ACCESS As IFC s corporate venture arm, we can leverage IFC mainstream and seamlessly deliver financial products according to company maturity. DEEP DOMAIN EXPERIENCE Deep technical knowledge and expertise across sectors, with access to more than 4000 IFC specialists worldwide. PATIENT CAPITAL Long-term investment horizon. GLOBAL NETWORK With a global network across stakeholders, we can introduce companies to co-investors, potential clients, and other strategic partners. 15

16 STRONG NETWORK OF CO-INVESTORS NORTH AMERICA ASIA & MIDDLE EAST LATIN AMERICA WORLD STRATEGICS 16

17 LEVERAGING IFC S GLOBAL REACH IFC HQ/HUB OFFICE IFC OPERATIONAL CENTER IFC COUNTRY OFFICE 17

18 IFC VC SPURS TECHNOLOGY TRANSFER INTO EMERGING MARKETS 18

19 OUTLINE IFC AT A GLANCE IFC S TRACK RECORD IN VENTURE INVESTING PORTFOLIO THE IFC ADVANTAGE WORKING WITH US TEAM 19

20 OUR INVESTMENT SWEET SPOT INVESTMENT Late venture and early growth companies Proven products / business model with revenue traction Focus sectors: Health VC, Education Tech, Consumer Internet, and Cleantech Impact in Emerging Markets Minority investor, US$3-25mm typically Tier-1 co-investors Scalable business models Lead/ Co-Lead Board seats typically 20

21 OUTLINE IFC AT A GLANCE IFC S TRACK RECORD IN VENTURE INVESTING PORTFOLIO THE IFC ADVANTAGE WORKING WITH US TEAM 21

22 IFC VC TEAM WASHINGTON, DC BEIJING, CHINA SAN DIEGO, CA ISTANBUL, TURKEY MUMBAI, INDIA Nikuni Jinsi Sean Petersen Pravan Malhotra Xiaomin Mou Ruzgar Barisik Monique Mrazek Hoi Ying So Peter Möckel Sobhi Mahmassani Peter Cook Karthik Tiruvarur Falgu Shah Yash Sankrityayan Iris de Graaf Ruchira Shukla Dipta Shah Kentaro Toyoda Sandy Yang Zhu 22

23 More Information 23

IFC: Supporting US Medtech to Improve Health in Emerging Markets

IFC: Supporting US Medtech to Improve Health in Emerging Markets AdvaMed Washington DC January 2018 Shruti Chandrasekhar Monique Mrazek, Anais Furia, and Iris de Graaf International Finance Corporation