We are proud to announce that IGNIA has successfully sold its stake in Arcus to global payments processor Mastercard (Find BusinessWire article here). IGNIA initially invested in Arcus’s Series A-1 and led their Series A-3. This transaction represents a successful exit for the Fund.
IGNIA continues to support leading tech entrepreneurs, playing an important role in consolidating the Fintech ecosystem in Latin America. We are proud of the strong network of outstanding entrepreneurs looking to create value and disruption in the region, that have trusted us to continue building partnerships. It’s been an honor to partner with Co-Founders Iñigo Rumayor and Edrizio de la Cruz, and the amazing team they have built.
This has enabled IGNIA to yield attractive returns to our investors, placing us among the top 5% of global venture capital funds.