Last updated 13 May 2020, by Impactyield.

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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.

16 years

of track record


the year funded

102,000,000 USD


Asset manager

IGNIA Partners


Headquarters location:

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Key performance indicators

Fund overview

Asset manager: IGNIA Partners

Product track record: Fund has 16 years of track record

Target IRR: 26%

Committed Capital: 102,000,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: , ,

Inception year: 2007

Vintage year: 2008

Target region: ,

Target close date: n.a.

Product term: 12

Assets under management: 102,000,000 USD (US Dollar)

Investment size: Min: 2,000,000; Max: 11,000,000; Avg: 3,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 6

Fund investments to date exited or repaid: 0

Management fee: 2.3%

Carried interest: 20%

Hurdle rate: 8%%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: We have 34 limited partners including: the International Finance Corporation, Inter-American Development Bank, Multilateral Investment Fund, Omidyar Network, Corporacion Mexicana de Inversiones de Capital, Corporacion Andina de Fomento, J.P. Morgan, the Rockefeller Foundation, and Soros Economic Development Fund.

Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Other Institutional Investors


E-mail: info@ignia.mx

Website: http://www.ignia.com.mx

Phone number: (52) 81 8000 71 61

If you wish to have your details removed from this database please email gdpr@impactyield.com

Tanya Beja

Investor and Industry Relations

Impact Performance


Impact thesis

IGNIA is deeply familiar with the needs of the Base of the Pyramid (BoP) from the principals’ experience in microfinance. Enormous opportunity now exists to apply this knowledge to BoP sectors outside microfinance including healthcare, housing, basic utilities and education. In doing so, IGNIA seeks to invest in business solutions to poverty, transform the lives of the poor and produce superior financial returns.
To track its social and environmental impact, IGNIA measures various indicators that are industry and company specific, and tracks them through time. These indicators include: number of jobs created, number of clients served, savings accrued to clients, increase in asset generation accruing to producers, realization of health benefits, and general environmental sustainability indicators. To complement these efforts, IGNIA is proud to be adopting IRIS and to be a GIIRS Pioneer Fund.

Impact Management


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