# IDB Lab backs Cometa's $10M fund for Latin American tech startups

> IDB Lab commits $10 million to Cometa IV fund for Latin American tech startups.
- Title: IDB Lab backs Cometa's $10M fund for Latin American tech…
- Summary: IDB Lab commits $10 million to Cometa IV fund for Latin American tech startups. IDB Lab's $10 million investment in Cometa IV supports 23 Latin American tech…
- Keywords: idb lab, cometa iv, latam tech startups, fintech, enterprise software, business to business, startups, business, IDB, Lab, backs, Cometa's
- Source: Dealroom — https://dealroom.co/news/163419-idb-lab-backs-cometas-10m-fund-for-latin-american-tech-startups
- Published: 2026-10-17T06:11:16+00:00
- Read time: 1 min
- Topics: idb lab, cometa iv, latam tech startups, fintech, enterprise software, business to business, startups, business
## What's the deal?
IDB Lab has committed $10 million to Cometa IV, a venture capital fund financing early-stage technology companies across Latin America and the Caribbean.
## Who's behind it?
Cometa is a Mexico-based firm that invests in high-growth technology companies across the region. IDB Lab is the innovation and venture capital arm of the Inter-American Development Bank Group.
## What's the endgame?
The capital aims to help roughly 23 technology firms scale commercially. IDB Lab contributes co-investment frameworks and standardised metrics to track portfolio growth and economic impact.
## Key takeaway

IDB Lab's $10 million investment in Cometa IV supports 23 Latin American tech firms to scale commercially.