Michael Chu helped start and run some of Latin America's most important microfinance banks, including BancoSol, Mibanco, and Compartamos, before working at KKR, leading ACCION International, and eventually co-founding IGNIA. That mix of experience as a banker, private equity executive, and academic gives him a rare perspective, and he's known for pushing back on vague uses of the term impact investing while arguing that even the microfinance model he helped build is now outdated and due for change.
About their Fund
Sectors
Fintech, Ecommerce, Health, SaaS, Marketplaces
Rounds
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Notable Investments
IGNIA was founded in 2007 as Mexico's first venture capital fund with an impact thesis, and it has kept the same core leadership team working together for over 14 years while focusing on the emerging middle class. It has grown into a pan-American fund based in Mexico City, Monterrey, and Boston that connects Latin American startups expanding abroad with international startups entering the region, with 75% of its second fund's portfolio made up of companies expanding into Latin America from elsewhere.
Notable Fund
Investments
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Popular Investors
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Active in
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Links
Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
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7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
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2
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Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
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2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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