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The Venture Codex

IDC Ventures

Havnegade 39, Copenhagen, K, 1058, Denmark

Overview

IDC Ventures is the venture capital arm of Grupo IDC, a Latin American investment bank founded in 1995. Grupo IDC’s activities cover Private Equity, Venture Capital, Real Estate, Infrastructure, Corporate Finance, and a Guatemalan Broker-Dealer. For the past decade, IDC has been involved in technology start-ups through co-managed funds, direct investments, and joint ventures, working with tech companies to accelerate their penetration and expansion across LATAM. The latest fund is created by a select group of corporate leaders, successful entrepreneurs. and venture capitalists from Latin America. This fund will invest in tech start-ups from Series A to growth stages across Europe, the US, and Latin America.

Total investments
33
Lead investments
17
Investments · 12mo
2
Active investors
8

Sector focus

  • Financial Services
  • FinTech
  • Information Technology
  • Internet
  • Venture Capital
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Investment portfolio

  • Glacis Labs

    Participated · Seed · Jul 2026

    Glacis Labs builds the clearing layer for digital assets through its flagship product, ZeroDelta, a multichain clearinghouse that matches, nets, and settles digital asset flows with non-custodial, atomic delivery. ZeroDelta sits above bridges and transport layers and leverages underlying components called Glacis Core (a cross-chain messaging layer) and AirLift (the token transport layer) to handle routing and chain-to-chain movement. The company reports that ZeroDelta has cleared over $1 billion in lifetime volume and operates at a $1.5 billion annualized run rate across more than 40 chains. Glacis initially focuses on stablecoins given current volume and serves stablecoin issuers, financial institutions, and protocols building on tokenized assets. The firm states its architecture is asset-agnostic and intends to extend into tokenized securities, real-world assets, and FX as those markets mature. The company positions its product as providing final, auditable settlement to reduce slippage, custody risk, and fragmented audit trails that limit institutional adoption.

  • Taiv

    Led · Equity · Feb 2026

    Taiv installs proprietary edge hardware in bars, restaurants, and similar venues, using computer-vision models to detect when a televised game cuts to commercial and replacing the national spot with venue-specific or paid programmatic ads in under 100 milliseconds. The system supports advanced features such as “sports-moment targeting,” allowing advertisers to trigger creative based on real-time game context and audience sentiment. The network now spans nearly 5,000 venues across North America and has maintained almost 3× year-over-year growth. Advertisers on the platform include major brands such as T-Mobile, Fox, Google, FanDuel, and Pepsi. Headcount expanded from about 30 to 85 employees over the past year, with plans to add roughly 25 more, primarily in sales and product. To date, Taiv has raised more than $30 million in capital and is valued at just under $100 million, giving the company resources to fund additional hardware and accelerate nationwide rollout.

  • Curve

    Participated · Equity · Mar 2025

    Curve is a London-based fintech founded in 2015 by Shachar Bialick that offers an all-in-one payment app allowing customers to use their banks and loyalty cards through one interface. The company says it has more than 5.5m customers. In 2023 Curve reported a £36m loss, a 48% improvement on the prior year, and it aims to break even in the near term. Curve has partnerships with Samsung, PayPal and Visa. It is planning to launch Curve Pay, billed as a rival to Apple Pay, which it claims could save banks millions in Apple transaction fees. Curve says the latest funding will help it achieve full-year profitability and support new product launches. Curve offers a mobile wallet service that aggregates access to multiple financial products and lets users enhance their existing bank accounts without changing providers. The product is also available as wearable devices, including smart rings, bracelets and watch straps. Curve operates in 31 markets across the UK and the European Economic Area. The company is led by CEO and founder Shachar Bialik and is headquartered in London, UK. Curve has raised more than $250M in total funding. It says it will use the latest funds to further enhance its products and offerings to financial consumers. Curve provides a single point of access to multiple financial products by bundling users' existing credit and debit cards into one smart card and companion app. The company launched to the public in 2018 and is led by founder and CEO Shachar Bialick. Curve has grown to more than 4.5 million customers and is live in 31 markets across the UK and the EEA, supporting Mastercard, Visa, and Diners Club networks. The company recently rolled out a new app that includes a marketplace of financial applets and expanded Flex offerings. Curve plans to use the newly raised capital to improve overall customer experience, expand its Flex products, and bring new partnerships to market. The business emphasizes enabling customers to connect and charge legacy bank accounts without signing up for a new bank. Curve offers a digital wallet and single card that aggregates users’ payment cards and lets customers split transactions into monthly instalments via its Curve Flex product. The company launched publicly in 2018 and is live in 31 markets across the UK and the European Economic Area. In the UK Curve Flex includes a product called Swipe Now to Pay Later (SNPL), which lets customers split Curve card transactions into three, six, nine or 12 monthly instalments. Curve plans to expand Curve Flex and other lending offerings across the EU and the US and to introduce features such as access to a direct line of credit before transactions and the ability to refinance existing credit lines. The company also plans a BNPL-style lending product for in-app and in-browser use in 2023. To date, Curve has raised more than $180M in equity investment and has reached millions of customers, and has partnerships including Samsung. Curve is an all‑in‑one financial super app that bundles customers’ Mastercard and Visa debit and credit cards into a single Curve card and app, and offers features like Go‑Back‑In‑Time®, mobile wallet integrations, and premium services. The company is live in 31 markets across the UK and the EEA and emphasizes increased security, real‑time spending notifications and added benefits on paid subscriptions. Over the past year Curve has doubled its customer base, hired more than 100 staff, and seen processed transaction volume rise by over £1 billion to £2.6 billion. Curve plans to use new funds to execute international expansion and product innovation, including rolling out its Curve OS platform in the US, broadening its European reach, and launching Curve Credit in the UK and Europe. The company intends to add at least 200 employees during 2021 to support those plans. To date Curve has raised £132m in cash and capital commitments, including a recent Series C round led by IDC Ventures, Fuel Venture Capital and Vulcan Capital.

  • Osigu

    Led · Series B · Oct 2024

    Osigu provides a cloud-based operating system for transactions among insurers, healthcare providers, suppliers, and patients. Its platform manages claims processing and embedded finance, using AI and automation to cut administrative costs, speed reimbursements, and increase transparency. The company positions itself as the infrastructure layer for healthcare payments across Latin America. Founded by Fernando Botrán and based in Miami, Osigu says it will use new capital to advance its technology roadmap and regional expansion. Financially, the company’s Series B is described as oversubscribed and counts Visa and IDC Ventures among its backers; the company also announced a $10 million strategic investment from Eos Ventures. Leadership has said the strategic partner will bring board-level support and industry expertise as Osigu scales. Osigu is an AI-powered healthcare revenue cycle and claims management platform based in Miami, FL. The company provides a comprehensive, fully digital solution that uses AI to automate and optimize revenue cycle processes from initial billing to final payment. Osigu serves markets across Latin America and the Caribbean, including Mexico, Colombia, the Dominican Republic, Brazil, and Central America. Its product focuses on automating claims management and streamlining the end-to-end revenue cycle for providers, insurers, and patients. The company plans to use new funding to simplify healthcare transactions by enabling real-time payments between providers, insurers, and patients. In October 2024 Osigu raised $25.0M in a Series B to support these product and market-expansion efforts. Osigu provides an API-driven platform that exchanges data and automates electronic claims and payments between payers and healthcare providers, enabling real-time responses without human interaction. Its core product is a single-integration infrastructure that expedites claims processing and e-prescription workflows. The company says it serves clients in Mexico, the Dominican Republic, Guatemala, and Spain. Leadership is headed by CEO and co-founder Fernando Botrán. The recent financing will be used to strengthen the company’s machine-learning algorithms and AI features and to support expansion into the Colombian market. Osigu secured funding in December 2021 to accelerate product development and regional growth.

  • Marco

    Led · Series A · Mar 2024

    Marco is building an operating system for Latin American SME exporters engaged in cross-border trade, providing them with easier access to financing and operational support. The platform offers a suite of products including LLC creation, bookkeeping, banking, FX payouts, cargo insurance, and financing tools such as factoring and asset-based lending. Founded in 2020 by Jacob Shoihet and Peter D. Spradling, Marco is headquartered in Miami with additional offices in New York City and Montevideo, Uruguay. The company employs over 50 people across its offices. Marco has established itself as a key player in the trade finance sector serving historically underserved SMEs. It intends to use the funds from this round to further enhance its ESG efforts within the LatAm region. Marco provides a tech-enabled trade financing platform that acts as an operating system for SMEs engaged in trade across LatAm and the U.S. The company was founded in 2020 by Peter D. Spradling (COO) and Jacob Shoihet (CEO) and is based in Miami with offices in Montevideo and New York. Marco intends to use the funds to expand its trade finance platform and suite of trade services across target segments in the U.S. and Latin America, including Mexico, Ecuador, Colombia, and Peru. The company reported rapid growth: it lent $100M last year, has financed over $254M with zero losses since inception, and saw 1,500%+ CAGR in funding between 2021 and 2022. Marco aims to fund $750M by the end of 2023. Marco Financial offers a tech-enabled risk assessment and factoring platform to provide working capital to small and medium exporters across Latin America. Its product underwrites lines of credit based on future potential and customer-provided data, shortening loan origination from over two months to about one week and enabling funding within 24 hours. Since launching its product in January 2020, Marco has processed thousands of invoices across 20 countries totaling more than $18 million and now lends as little as $25,000 per month up to $10 million. The company aims to simplify cross-border payments, improve risk assessment by productizing unstructured data, and enable large logistics providers to originate export financing. Marco was founded in 2019 and is based in Miami with offices in New York, Dallas and across Latin America. The company also announced senior hires including Prajwal Manalwar as chief product officer and named Sabrina Teichman chief growth officer (editor's note: as of September 2021, Sabrina Teichman no longer works for Marco Financial). Marco Financial is a tech-enabled financing platform that provides financing to small and medium-sized Latin American exporters selling to U.S. buyers. The company uses an innovative due diligence process that leverages real-time data to dynamically assess risk and mitigate capital loss. Marco intends to use the new capital to continue expanding operations and its business reach across the region. The company was founded in 2019 by Peter D. Spradling and Jacob Shoihet and is headquartered in Miami, FL, with offices in New York and across Latin America. The financing package includes both an equity component and a credit facility, indicating a mix of growth capital and lending capacity to support originations.

Team

  • Alejandro Rodriguez

    Co-Founder & Managing Partner

    LinkedIn
  • Alejandra Godoy

    Partner, Co-Founder and Chief of Staff

    LinkedIn
  • Bobby Aitkenhead

    Co-Founder/ Managing Partner

    LinkedIn
  • Antonio Baena

    Partner and CFO