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    Xcala was born in 2014

    as an initiative developed by IDB Lab (MIF at that time) and IEEM Business School, with the aim of contributing to the development of dynamic and innovative activity in the region.

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    The program strives to be a change agent

    so that more startups can raise capital. It was designed to address a series of problems in the Latin American and Caribbean ecosystem:

    a) It was estimated that the gap between funding supply and demand was approximately USD 3 billions.
    b) There was a limited number of active angel investors and angel networks.
    c) The active angel networks had a weak structure and their future was in danger.
    d) There was a lack of information about regional angel activity.
    e) Female representation was limited in the angel investment scenario.

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    After six years

    where the angel activity takes an exciting momentum, Xcala begins a transformation process to continue adding value to the ecosystem. With the support of several of the regional angel investor networks, Xcala has created a non-profit organization and the first Latin American Association of Angel Investors.