IGNIA Fund I Invests US$3 Million in Pro-Organico
Wednesday, July 1, 2009
IGNIA Fund I, LP announced today that it has committed US$3 million to Pro-Organico S.A.P.I. de C.V. in the Company’s first round of equity financing. Pro-Organico is a leading grower and exporter of a broad line of USDA-certified organic produce.
Pro-Organico links Mexican farmers to the rapidly-growing North American organic produce market by managing agricultural operations and coordinating logistics with distributors and retailers across the United States, Canada and Mexico. “By transforming small-scale farmers into organic producers and incorporating them into the global supply chain, Pro-Organico helps growers realize a significant increase in revenue per acre relative to conventional farming,” said Alvaro Rodriguez Arregui, co-founder and Managing Partner of IGNIA. “Growth will also make it a platform for substantial job creation.”