Mexico-based Venture Capital Firm Ignia Holds First closing of Fund II, at US$90M

ignia-logoIgnia, a Mexico-based venture capital firm, held the first closing of its Fund II, at US$90M.

Raised through Mexican publicly traded certificates known as CKDs with participation from Mexican pension funds, IGNIA’s Fund II will invest in high-growth enterprises targeting the 70% of the population at the base of the socio-economic pyramid in Mexico. It is focused on enterprises that provide goods and services that deliver positive impact on people’s lives, such as healthcare, housing, education, financial and basic services (water, energy and communications).

Led by Alvaro Rodriguez Arregui, and Michael Chu, the firm is also focused on closing its parallel international fund, which will be co-investing with the Mexican fund.
They plan to do a final closing in the next six months.

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