Rating venture capital deals, investors, exits and more.

Visit VC Ratings

Ignia Latin America fund lands $25 million NGO investment

Posted on June 18, 2008

After closing an initial $20.6 million in equity investment with a handful of venture philanthropists for its Latin American social venture capital fund in a deal announced last week, Ignia Fund I moved a step closer to its goal of amassing a $75 million to $100 million war chest. The venture fund landed a highly unusual commitment of $25 million in debt funding from the Inter-American Development Bank (IDB), a non-governmental organization owned jointly by 47 sovereign countries.IDB is backed largely by 21 non-borrowing member countries comprising the wealthiest nations, and has 26 borrowing ...

Original article link


ebay , venture capital , venture fund