IGNIA, the largest Latin American impact investment fund, announced recently that after several rounds of fundraising, it has accumulated $102 million to aid businesses that serve the base of the pyramid. It got part of its last round of money from J.P. Morgan. The money will be used for housing, basic services, health, education, agriculture, and other needs as it sees fit. With this amount of money, IGNIA will be able to address these issues at a larger scale than ever before. We are excited to see IGNIA at SOCAP10.
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IGNIA Snags $102 Million
Rishi Malhotra July 2, 2010