XCALA, the Latin American Association of Angels Investors, is a non-profit organization that aims to promote investment in early stages throughout Latin America and the Caribbean, so that more entrepreneurs can raise capital and thus, be able to take their businesses to the next levels of development.
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Created in 2014 with the support of IDB Lab and IEEM Business School, Xcala has managed to foster the entrepreneurial ecosystem, which has been essential for the creation of new companies and jobs with high added value, thus achieving an impact on economic development.