Sancor Seguros invested $1.7 mn in three new companies

The Center for Technological, Business and Social Innovation, better known by its acronym CITES, is the business incubator of the Sancor Seguros Group. This week it made a $1.7 million investment in three new companies, two biotech startups and one urban development company. The portfolio of companies incubated by CITES reaches 15 companies. It stands on a financial trust of $24 million, whose leading investor is Grupo Sancor Seguros (50%) and includes others such as the Inter-American Development Bank (contributed $3 million), the Rosario Stock Exchange, Matba Rofex, other companies and individuals.

Source: Ámbito