Dear IGNIA Friends,
As 2024 comes to a close, we want to express our gratitude to everyone who was part of our year. Especially to our investors for your unwavering trust and support, and to our portfolio entrepreneurs for inviting us to join your journey. We hope the next year is full of prosperity and new opportunities. The IGNIA team wishes everyone Happy Holidays!
This is also a moment to reflect on the past year and look forward to the upcoming year's opportunities.
2024 IGNIA Portfolio Highlights
2024 was a year of new milestones for IGNIA. We reached a final close of IGNIA VC Fund II in May to continue executing our thesis of partnering with global tech founders addressing fundamental pain points in LatAm.
Our portfolio entrepreneurs are our reason for being. We are incredibly #IGNIAproud of each one for their accomplishments during the past years, navigating complex market conditions and overcoming challenges in their growth trajectories. We are confident that the new year will bring opportunities to venture into new horizons.
Some notable portfolio highlights of the year include the following:
In February ProducePay reached new heights with a $38M Series D round, solidifying its leadership in agricultural financing (Read more: TechCrunch).
In April, Chilean circular economy startup Reuse closed a $4.5M Seed round, with an investment by IGNIA, to continue in its expansion as LatAm’s leader in refurbished electronics (Read more: Contxto).
In May, Israeli startup Fairgen closed a $5.5M Seed round, with IGNIA’s investment supporting their groundbreaking initiatives in generative AI for market research (Read more: TechCrunch).
IGNIA participated in Mexican HR-Tech Worky’s Series A raise in May, backing their innovative solutions to revolutionize workplace management (Read more: Why We Invested: Worky).
We co-led Novel Capital’s $15M pre-Series A round back in May, marking IGNIA’s commitment to the Company’s vision of redefining funding alternatives for tech startups (Read more: Why We Invested: Novel).
In July, Escala raised $12M in a round co-led by IGNIA, furthering its position as a leading Hispanic SMB-focused CRM (Read More: PR Newswire).
IGNIA invested in Aviva’s $5.5M Seed round in August to further enhance the credit offering experience through their ‘phygital’ solution. Aviva’s founders were recognized among Bloomberg’s Top 100 Innovators in Latin America in 2024 (Read more: Why We Invested: Aviva).
In November, influencer marketplace Influur raised an impressive $10M Series A round, with IGNIA proudly participating (Read more: PR Newswire).
This year’s milestones for IGNIA and our portfolio companies would only be achievable because of the trust, collaboration, and shared vision of our investors, entrepreneurs, and partners. Looking ahead, we are excited and optimistic for what 2025 will bring. The challenges of this past year have only strengthened our resolve to continue pushing boundaries, championing innovation, and fostering growth in LatAm and beyond. We remain committed to empowering entrepreneurs who are solving fundamental pain points with transformative solutions, and we are ready to embark on another impactful year together.
Here’s to a prosperous 2025, we’re excited about what the new year has in store!
Warm regards,
The IGNIA Team
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