Search company, investor...

Predict your next investment

Asset/Investment Management

See what CB Insights has to offer

Investments

1

About INGIA Fund

INGIA Fund is an investment vehicle.

Headquarters Location

New York,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest INGIA Fund News

INGIA Invests in Provive

Nov 10, 2011

INGIA Fund I LP said Wednesday that it has invested MXN$44.0 million (US$3.3 million) in Comunidades que Renacen S.A.P.I. de C.V. or Provive. Tijuana, Mexico-based Provive – Comunidades Que Renacen acquires, refurbishes, and sells foreclosed homes in low-income housing developments. PRESS RELEASE IGNIA Fund I, LP, the first impact investing fund in Latin America, announced today that it has invested MXN$44.0 million (US$3.3 million) in Comunidades que Renacen S.A.P.I. de C.V. (“Provive”), an innovative business that acquires, refurbishes, and sells foreclosed homes in low-income housing developments while working with communities to reestablish active neighbor participation in its revitalization process. “Provive’s work with communities successfully addresses the degradation that many housing developments are suffering, caused by home abandonment and foreclosed homes” said Alvaro Rodriguez Arregui, co-founder and Managing Partner of IGNIA. “With an innovative approach, Provive works with credit providers, developers, NGOs and local authorities to identify, acquire, refurbish, and bring houses back to market, improving infrastructure and public spaces, and the quality of life for people in low income sectors” he added. Living in a safe and adequate environment is a basic human need. Through its revitalization process, Provive provides an environment and fosters the creation of strong and cohesive communities. This protects the value of what frequently is a person’s only investment -their house- and enables families to flourish in their own communities. Funding from IGNIA will enable Provive’s expansion in Baja California and support its national roll out. “IGNIA’s investment will transform Provive and enable us to reach new heights. IGNIA’s most important contribution to Provive is its team. We are confident that their vision and experience will be an asset to Provive going forward”, stated Provive’s CEO, Jose Antonio Díaz Martinez. Founded in 2008, Provive brings together an experienced multidisciplinary team led by Mr. Diaz. “Provive’s mission is to help neighborhoods come back to life. At IGNIA we are looking forward to supporting Provive on this important mission” said Michael Chu, co-founder and Managing Director of IGNIA. IGNIA Fund I, LP is an impact investing venture capital fund that invests in high growth businesses that serve the base of the pyramid in Mexico and other regions of Latin America. By providing effective responses to the enormously underserved needs of the low income population, IGNIA empowers entrepreneurship and generates social impact while creating attractive financial returns for its investors. For additional information, visit http://www.ignia.com.mx. Provive – Comunidades Que Renacen, is a company that helps rebuild communities by acquiring, refurbishing, and selling foreclosed houses in low income housing developments while fostering active community involvement. It is headquartered in Tijuana, Mexico. © 2015 Buyouts Insider / Argosy Group LLC

INGIA Fund Investments

1 Investments

INGIA Fund has made 1 investments. Their latest investment was in Provive as part of their Series A on November 11, 2011.

CBI Logo

INGIA Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/10/2011

Series A

Provive

$3.3M

Yes

1

Date

11/10/2011

Round

Series A

Company

Provive

Amount

$3.3M

New?

Yes

Co-Investors

Sources

1

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.