Mexicana de Servicios para la Vivienda S.A.P.I. de C.V. (MeXvi), a Mexican provider of integral solutions for self‐construction of low‐income homes in rural and semi‐urban settings, has raised M$63m in funding from IGNIA Fund I, LP.
Through the investment, IGNIA is partnering with Grupo Empresarial Kaluz, S.A. de C.V., a Mexican conglomerate with its main interests in the mining, petrochemical, construction materials and financial industries.
The proceeds will be used to jointly develop new sales channels for MeXvi’s products by partnering with institutions that will provide end customers with access to credit.
IGNIA Fund I, LP, focuses on high growth businesses in Mexico and throughout Latin America investing approximately US$2 ‐ $10m per company.