IPETH trains low- and middle-income Mexicans to become physical therapists, while offering inexpensive physical therapy services to the poor.
To date IPETH has trained 8,500 students and treated 15,000 patients in the Mexican states of Puebla, Tlalnepantla and Tlalpan. The investment size was undisclosed. It is the first investment from the second mezzanine fund of Adobe Capital, New Ventures’ venture capital arm.
In October, the fund reached a $21 million first close towards a $40 million target to back growth-stage companies delivering healthcare, education, affordable housing and energy services to low and middle income Mexicans.
Auria Capital, a Monterrey-based family office and investor in both Adobe funds, invested alongside Adobe.
New Ventures is offering 20 ImpactAlpha readers a 40% off the price of admission to its annual Latin American Impact Investing Forum from Feb. 27 to Mar. 1 in Mérida, Mexico. Use code ALPHAFLII and register here.
