Finnfund and IDB Invest partner with Netwey to expand internet access in… | Finnfund

▤ Summary

Finnfund closed a US$5 million equity investment with Netwey, a Mexican Internet Service Provider, to expand its fiber optic network and improve internet accessibility. The investment is part of a US$10 million equity round in collaboration with IDB Invest. We are excited to collaborate with IDB Invest to support Netwey in expanding its provision of high-speed internet to low-income areas in Mexico. At Finnfund, we continue to strengthen our focus on the digital sector and increasing digital accessibility is central in this regard. Moreover, this investment is our first digital sector investment in Latin America and therefore an important milestone, says Fabian Cisar, Investment Manager, Finnfund.

$ Funding

▦ Linked Companies

Refresh Inc.

$1M to $5M