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Ignia investment builds rural economy, saves planet

RosaLee July 1, 2009

In what looks like a really nice deal from a fund that I admire a lot, IGNIA Fund I, LP has invested $3 million U.S. in an company that is turning small subsistence farmers into a networked global supply chain that uses those networked efficiencies to enable them to make enough money to be able to grow organically. Ignia is one of those funds on the social capital market spectrum that looks for deals targeted at the base of the pyramid with high social return without compromise to financial return. In fact they don’t really like the word social because to some investors it sounds "too soft." Ignia will be on the social capital spectrum panel with a venture philanthropy fund, a non-profit lender, a blended value fund and a hedge fund that gives away 25 % of its profits; showing the breadth of impact investing.
Pro-Organico S.A.P.I. de C.V Organico, Ignia’s new portfolio company, links Mexican farmers to the rapidly-growing North American organic produce market by managing agricultural operations and coordinating logistics with distributors and retailers across the United States, Canada and Mexico.

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