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IGNIA Successfully Raises US$90 Million as a First Closing of Its Fund II
IGNIA, a leading venture capital fund in Mexico, has closed the Mexican vehicle of its Fund II, raised through Mexican publicly traded certificates known as CKDs. Mexican pension funds invested in the fund, marking a first for venture capital in Mexico and demonstrating institutional investors' confidence in IGNIA's track record, as well as the accelerated economic growth found at the base of the socio-economic pyramid in Mexico.
- Categories
- Investing
- Region
- Latin America
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Identifying and Connecting Promising #Socents: Siemens Stiftung awards meant to help bottom-up solutions achieve high-level goals
Siemens Stiftung's "empowering people. Awards" are designed to identify promising technologies designed to benefit people without access to crucial basic services, add the innovations to a database available to the international development community, and connect the innovators on a common platform and offer them help where they need it.
- Categories
- Technology
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Welcome to the New NextBillion: As we celebrate 10 years online, we unveil a comprehensively redesigned website
Emerging economies – and the businesses that serve them – have come a long way in the past decade. And so has NextBillion. Today represents another key step in our evolution, as we unveil a comprehensively redesigned website.
- Categories
- Social Enterprise
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This Indonesian Microfinance Startup Wants to Put Loan Sharks Out of Business
In Indonesia, 203 million people are classified as poor, living on less than US$4.50 per day. This group of consumers is not the section of the economic pyramid that conventional banks and insurance companies tend to prioritize, despite their making up the majority of the archipelago’s population. This is a problem Aidil Zulkifli, co-founder and CEO of UangTeman, hopes to solve.
- Categories
- Uncategorized
- Region
- Asia Pacific
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In South Africa’s Poor Townships, Social Entrepreneurs Are Creating a Food Delivery Service
People who live a long way from grocery stores pay more for food because they have to travel there and back, which costs money, and they waste more time doing it. That's why two social entrepreneurs from Cape Town, South Africa, have come up with Lakheni, a group buying club that aggregates orders, with local daycare centers serving as a base.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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July’s Most Popular Posts on NextBillion: From the value of female mobile money agents to the power of Latin America’s BoP
From the benefits of training women as mobile money agents to the remarkable size and vibrancy of Latin America's BoP, the month of July brought some compelling content to NextBillion. We highlight the three most-read and most-shared posts of the month.
- Categories
- Agriculture, Energy
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5 Smart, Sustainable Innovations Ready to Take Over the Developing World
The social enterprises will receive mentoring from venture capitalists and entrepreneurs on how to scale their ideas.
- Categories
- Impact Assessment, Investing
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