MeXvi provides integral solutions for self-construction of low-income homes in rural and semi-urban settings. The company supplies products and services aimed at customers building homes themselves. MeXvi received M$63m in funding from IGNIA Fund I, LP to support growth. Through the investment IGNIA is partnering with Grupo Empresarial Kaluz, a Mexican conglomerate with interests in mining, petrochemical, construction materials and financial industries. Proceeds will be used to jointly develop new sales channels by partnering with institutions that provide end customers with access to credit. IGNIA Fund I focuses on high-growth businesses in Mexico and throughout Latin America, typically investing approximately US$2–10m per company.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2010