AVLA (a global insurance group) and Creation Investments Capital Management (a leading global impact investor in emerging markets) announced Creation’s participation in a $25 million equity round to support further AVLA’s international growth strategy and its plans to enter the U.S. market.
Based in Chicago, Creation Investments currently has $ 2.1 billion in assets under management invested in 31 portfolio companies operating across eight countries. And Creation first invested in AVLA in 2021.
Based in Bermuda, AVLA generated about $150 million of insurance revenue in 2023 and ranked as a top five provider of surety and trade credit solutions in Latin America, with operations in Brazil, Mexico, Chile, and Peru.
The equity round also included participation by DEG Invest, a German development bank KfW subsidiary, and Altra Investments, a private equity firm based in Colombia.
KEY QUOTES:
“We are delighted to continue strengthening AVLA and expanding our business focused on small and medium-sized enterprises in the region. Following our successful entry to Mexico and Brazil, we are aiming to further expand into the United States, with the goal of reaching 150,000 clients and generating revenue of $350 million on a consolidated basis in the coming years.”
– Ignacio Álamos, founder and CEO of AVLA.
“AVLA is a unique growth story combining attractive profitability, strong social impact, and an impressive capability to enter new markets. We are thrilled to invest additional capital to support AVLA’s existing operations and technology as well as the company’s entry into the U.S. market.”
– Amadeo Ibarra, Mexico country head of Creation Investments and AVLA board member
