Chiapas Organic Holdings, Inc., a Monterrey, Mexico-based producer and trader of export-grade fruits and vegetables, has raised US$6.5m in equity financing. 
The round was led by IGNIA Fund I, LP, which committed US$5m, and existing shareholders (US$1.5m). As stated by Alvaro Rodriguez Arregui, co-founder and Managing Partner of IGNIA, “This equity injection will allow the company to rapidly expand its production to different geographical regions in Mexico”.
IGNIA Fund I is a social venture capital fund that invests in high growth businesses in Mexico and throughout Latin America.
FinSMEs
18/05/2010