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Venture Capital
ignia.mx

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Investments

39

Portfolio Exits

5

Funds

1

Partners & Customers

1

About Ignia Fund

The Ignia Fund is a fund by IGNIA, a venture capital firm based in Monterrey that seeks to invest in high-growth entrepreneurs in emerging Latin American markets. IGNIA focusses on issues of poverty with scalable solutions that have the potential to serve the needs of millions of poor people. IGNIA's key objective is to identify high-impact entrepreneurs with scalable businesses that provide core goods or services to low-income communities. IGNIA's investments prioritize markets that have a disproportionate impact on the welfare of the poor, such as healthcare, housing, basic utilities, and education.

Ignia Fund Headquarter Location

Av. Ricardo Margain 575 Parque Corporativo Santa Engracia

San Pedro Garza Garcia, 66267,

Mexico

+52 (81) 8000 7280

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Latest Ignia Fund News

Adobe Capital & IGNIA to Exit Mexico’s Provive

Apr 10, 2019

April 3, 2019 Adobe Capital and IGNIA announced their divestment from Provive, a Mexican urban regeneration company, following a new round of debt financing from an undisclosed international bank. ( Press Release ) Adobe Capital announces its divestment from Provive, making it the second portfolio company to exit from its first fund, Adobe Social Mezzanine Fund I. Provive is a Mexican company dedicated to urban regeneration through the rehabilitation of abandoned homes. In 2015, Adobe Capital’s investment was made to drive growth and maximize the social impact of Provive. As a portfolio company, Provive successfully restored over 6,600 homes in the cities of Tijuana, Juarez, Mexicali and Hermosillo, impacting the lives of approximately 30,000 people. The exit occurs following financing provided by an international bank. Provive will continue to apply resources to expand its efforts of revitalizing communities and providing Mexican families access to adequate housing. This investment supports Adobe Capital’s underlying thesis of generating social impact directly aligned with competitive market returns. ( Press Release ) IGNIA (www.ignia.mx), completed the repayment of its debt with the Inter-American Development Bank (“IDB”) after the partial exit of IGNIA Fund I from its investment in Provive. IGNIA´s partial exit and the subsequent repayment of its debt to the IDB took place after Provive closed a major debt transaction with a fund from an important international bank. Provive will use the funding to accelerate its growth and to substantially improve its capital structure by refinancing its existing debt. IGNIA was Provive´s first investor, and has supported the company since 2011. To date, Provive has generated nearly $5,000 million pesos in value with the recovery of more than 8,500 homes, supporting 50,000 Mexican families in the cities from Tijuana, Mexicali, Ciudad Juárez and Hermosillo. Its program operates through the collaboration of Provive and Fundación Tu+Yo; the first is in charge of acquiring, rehabilitating and selling abandoned homes, while the Fundación Tu+Yo implements programs that promote education, organization and participation of community members to meet and solve their needs. Together, they have achieved the development of more prosperous, strong and active communities through improved access to housing and a better quality of life. “Provive has proven to be a highly successful company in the field of urban regeneration of low-income communities. This is reflected, in part, in the excellent return that the Company has generated for investors like IGNIA, and confirms our investment thesis of supporting companies focused on the emerging middle class. We are confident that Provive will continue to grow and generate value for its shareholders, we continue to have an important equity stake in this venture. Additionally, we are excited that a world-class bank has joined us in this endeavor”, said Fabrice Serfati, Partner of IGNIA. Adobe Capital & IGNIA to Exit Mexico’s Provive was last modified: April 10th, 2019 by Editor

Ignia Fund Investments

39 Investments

Ignia Fund has made 39 investments. Their latest investment was in Abra as part of their Series C on September 9, 2021.

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Ignia Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/15/2021

Series C

Abra

$55M

No

American Express Ventures, Arbor Ventures, Blockchain Capital, CMT Digital, Kenetic Capital, Kingsway Capital Partners, Lerer Hippeau, RRE Ventures, Stellar, Tiga Investments, and Undisclosed Angel Investors

2

5/20/2021

Series C

Produce Pay

$43M

Yes

Anterra Capital, Astanor Ventures, CoVenture, Finistere Ventures, G2VP, IDB Invest, and International Finance Corporation

1

10/13/2020

Series C

Nuvemshop

$30M

No

Elevar Equity, FJ Labs, Kaszek Ventures, Kevin Efrusy, and Qualcomm Ventures

8

8/27/2020

Series A

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$99M

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10

12/6/2019

Seed VC - II

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$99M

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10

Date

9/15/2021

5/20/2021

10/13/2020

8/27/2020

12/6/2019

Round

Series C

Series C

Series C

Series A

Seed VC - II

Company

Abra

Produce Pay

Nuvemshop

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Amount

$55M

$43M

$30M

$99M

$99M

New?

No

Yes

No

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Co-Investors

American Express Ventures, Arbor Ventures, Blockchain Capital, CMT Digital, Kenetic Capital, Kingsway Capital Partners, Lerer Hippeau, RRE Ventures, Stellar, Tiga Investments, and Undisclosed Angel Investors

Anterra Capital, Astanor Ventures, CoVenture, Finistere Ventures, G2VP, IDB Invest, and International Finance Corporation

Elevar Equity, FJ Labs, Kaszek Ventures, Kevin Efrusy, and Qualcomm Ventures

Sources

2

1

8

10

10

Ignia Fund Portfolio Exits

5 Portfolio Exits

Ignia Fund has 5 portfolio exits. Their latest portfolio exit was Sr. Pago on August 26, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/26/2021

Acquired

4

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

8/26/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

4

10

10

10

10

Ignia Fund Acquisitions

1 Acquisition

Ignia Fund acquired 1 company. Their latest acquisition was Provive on April 03, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/3/2019

Shareholder Liquidity

$3.3M

Shareholder Liquidity

2

Date

4/3/2019

Investment Stage

Shareholder Liquidity

Companies

Valuation

Total Funding

$3.3M

Note

Shareholder Liquidity

Sources

2

Ignia Fund Fund History

1 Fund History

Ignia Fund has 1 fund, including IGNIA Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/9/2015

IGNIA Fund II

$90M

1

Closing Date

11/9/2015

Fund

IGNIA Fund II

Fund Type

Status

Amount

$90M

Sources

1

Ignia Fund Partners & Customers

1 Partners and customers

Ignia Fund has 1 strategic partners and customers. Ignia Fund recently partnered with HSBC on September 9, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

9/18/2017

Partner

HSBC

United Kingdom

HSBC México & IGNIA Partner to Launch Latin American Fintech Startupbootcamp (en español)

HSBC Partner to Launch Latin American Fintech was last modified : September 18th , 2017 by Editor

1

Date

9/18/2017

Type

Partner

Business Partner

HSBC

Country

United Kingdom

News Snippet

HSBC México & IGNIA Partner to Launch Latin American Fintech Startupbootcamp (en español)

HSBC Partner to Launch Latin American Fintech was last modified : September 18th , 2017 by Editor

Sources

1

Ignia Fund Team

2 Team Members

Ignia Fund has 2 team members, including current Founder, Managing Director, Michael Chu.

Name

Work History

Title

Status

Alvaro Arregui

Founder

Current

Michael Chu

Accion, and KKR

Founder, Managing Director

Current

Name

Alvaro Arregui

Michael Chu

Work History

Accion, and KKR

Title

Founder

Founder, Managing Director

Status

Current

Current

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