IGNIA Fund I LP

IGNIA is an impact investing venture capital firm based in Monterrey, Mexico, focused on investing in and developing commercial and socially inclusive enterprises serving the base of the socioeconomic pyramid (lower income segment). By providing effective responses to the enormously underserved needs of low income populations, both as consumers as well as active participants in productive value chains, IGNIA seeks to empower entrepreneurship and generate social impact while creating attractive financial returns for its investors.

Sectors of highest priority include those with a disproportionate impact on improving the welfare of the poor such as healthcare, nutrition, housing, basic utilities and education. The fund will concentrate its first phase of operations in Mexico, subsequently expanding to other countries in Latin America.

Financial description

Potential investments must meet the following criteria:
• Innovative business models serving BoP markets
a) Scalable
b) Cash business
c) In the “last mile” of the value chain
• Skilled Entrepreneurs
a) Highly ambitious, strong vision for business
b) Experienced management professionals
c) High potential for execution of growth and scaling
• Fundamental Systemic Change (Social Impact)
a) Generate substantial economic value to:
* Fund expansion on massive scale
* Attract new industry entrants to BoP segment
b) Deliver a good or service that makes an appreciable positive impact on the capacity of BoP clients to accumulate assets, increase their income and improve the quality of their daily lives.
The Fund’s total investments in Companies will typically range from US$2 Million to US$11 Million per company(primarily in staged disbursements). The Fund will not invest more than 15% of the aggregate capital commitments of the Partners in a single portfolio company.