Catapult, the first investment fund oriented to Logistics ventures, is already in operation.

In partnership with ANII (National Agency for Research and Innovation), MVD Consulting creates Catapult. This venture capital fund has several particularities:

• It focuses on the search, selection, investment and support for those independent ventures or those created within companies, which improve the competitiveness of the Logistics sector. It is understood as such, those related to the transport of goods, route optimization, customer service, improvements in the exchange of information between companies, changes in delivery models, analytical and mobile solutions that facilitate the operation.

• The funds come 1/3 from the contributions of MVD Consulting's clients and partners and 2/3 from ANII's contributions. In this way, the fund allows entrepreneurs to access investment options that often represent a multiplication of their ambitions to contribute to an entrepreneurial society.

• Catapult will take the strategy, growth plans and follow-up services of MVD Consulting's consulting team to support invested companies and improve their chances of success. This is the same team and experience that has helped more than 60 companies grow in Uruguay and Latin America.

In its phase I investor subscription phase, still open, the fund will commit minimum investments of around USD 450,000 in total. Individuals or companies interested in participating with capital will multiply their contributions by three, thus obtaining a very attractive return on investment.

The fund seeks to invest in companies with consolidated billings or contracts in process, where the leadership team is part of the firm's foundation and with operations focused on Uruguay and global ambitions.

In Uruguay, logistics companies have a turnover of more than USD 800 million per year, an institutional chamber, CALOG, has been created and there is a country promotion institute, INALOG. Catapult wants to collaborate with these organizations to create conditions for entrepreneurship and significant improvement of value creation, taking into account the country's position in terms of logistics, the improvement in professional preparation approaches (UTEC and public and private universities) and the growing demand for the growth of Ecommerce, the upcoming investment of UPM and other competitive reasons that we all seek to improve.

The agreement with ANII was signed today by its president, Mr. Fernando Brum and Catapult's management.