InvertUP a Latam Seed Capital fund, listed in the Costa Rica’s Alternative National Stock Exchange, intends to raise up to 30 million tokens during an Initial Coin Offering (ICO), through its Mango Startup SPV. The first $1.0 million raised will be invested on refinancing the startups that are currently part of the ‘InvertUP 16/17’ portfolio, while the remaining funds will be spent on investing in the next batch of startups ‘InvertUP 17/18’. The project team is ready to issue up to 30 million tokens with a price of $0.10 each. If the ICO reaches $3 million, then Mango Startups will be able to invest in a total of 23–28 technology startups from Latin American countries, like Colombia, Chile, Costa Rica, Uruguay, and Mexico. This new batch will be selected from a pool of 1,000 startups that will be competing to get into ‘InvertUP 17/18’ fund.

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