More

    Costa Rican Company Receives $3 Million in Private Equity Funding

    Must Read

    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The Costa Rica News (TCRN) – Establishment Labs, a Costa Rican breast implant manufacturer, recently obtained $ 3 million in funding from the private equity fund manager Invermaster.

    With the money, the company, located in Alajuela-Coyol, will begin construction of a new 5,000 m2  plant in 2014, which is five times larger than the current one.

    According to Luis Gutierrez, manager at Establishment Labs, the idea is for funding to increase to $20 million.

    The profile of the firm was its main ally. Founded in 2004, they were already exporting to 30 countries and had growth between 80% and 100%, with expectation to maintain these levels in the coming years.

    “We talked to every bank in the country, but there are no resources for companies like ours, who can not put a guarantee equal to or greater than the amount paid,” says Gutierrez.

    That’s why the company decided to go to Invermaster, a private venture capital fund. They invest in companies that are not publicly traded and become an equal partner of the firm by maintaining a presence on the board of directors.

    In Central America, there are at least 20 funds, according to industry estimates, that currently have $500 million to invest in high-potential businesses: Mesoamerica, Mahogany Capital, Aureos Capital, Caceif and the estates of wealthy Central American families as Uribe (of Costa Rica), Paiz (of Guatemala) and Vallarino (of Panama) are part of the list.

    Development institutions like the Norwegian Government Fund for Development (Norfund), the Swedish Government Fund for Development (Obivam) and the Inter-American Development Bank (IDB) also have money available.

    According to Invermaster president, Roberto Ponce, interest is focused on logistics companies, health services, education, technology, real estate, retail stores, and consumer products.

    The Costa Rica News (TCRN)

    San Jose Costa Rica

    Resonance Costa Rica
    Shifting Reality
    For those who have experienced shifts in consciousness and know that more peace, joy, and love awaits in a better living environment. A bold shared vision. A living community and hub for innovation. A sustainable ecosystem for living and working. A model for the new future.
    - Advertisement -

    Subscribe to our newsletter

    Get all the latest news, events, offers and special announcements.

    Latest News

    National Costa Rican Museum will Move 3 Large Pre-Columbian Spheres from Santa Ana to San José

    On the morning of this past Thursday, the transfer of three large pre-Columbian spheres will begin from the Matra...

    More Articles Like This

    Language »