CampusLogic has raised $10 million in Series B financing, led by 4.0 Partners, for its mobile platform for families managing financial aid applications. Today’s complex financial aid system means four in 10 low-income high school students who are accepted to college fail to enroll in the fall. CampusLogic’s technology helps families understand and manage college costs. Examity,
Accel Partners’ new India fund has led AgroStart’s $10 million raise. The Silicon Valley venture firm, which last year raised $450 million for its fifth India fund, teamed up with impact investor Aavishkaar and IDG Ventures to back the New Delhi agtech startup. AgroStart helps Indian farmers bypass middlemen to buy seeds, nutrients and hardware and provides
Nationally, minority- and women-owned businesses lag white- and male-owned businesses in value. In D.C. the gap is even wider. The Washington Area Community Investment Fund, a community development financial institution, is launching the Ascend Capital Accelerator to help women entrepreneurs and entrepreneurs of color build their human and financial assets. The first 25 entrepreneurs will join
Traditionally, foundations have kept their investment sides separate from their giving sides. In 2012 the F.B. Heron Foundation set a goal to invest 100 percent of the foundation’s $250 million in assets to fight poverty by the end of 2017. CEO Clara Miller says Heron hit its target last year and “became one staff, working in a
Global Partnerships has lent $232 million to more than 100 microfinance institutions and other social enterprises in 14 countries since 2005, and hasn’t missed a quarterly payment to investors. Its clients have delivered finance, solar energy and agricultural inputs to millions of customers, whom are mostly women, rural and poor. How does Global Partnerships do it?
The “next billion” may be more like the next two billion, or more. The faster-than-expected growth of the middle class, particularly in Asia, means the world could add 2.2 billion middle-class consumers by 2030, nearly one billion more than previous forecasts. A new analysis from Homi Kharas at the Brookings Institution suggests the world could
Women Rising The reports, blog posts and announcements were flying fast and furious on International Women’s Day as impact investors celebrated women. Omidyar Network’s Jenny Johnston offered recommendations for financial services providers to better serve the 1.1 billion women left out of the formal financial system. Calvert Foundation’s Najada Kumbuli dug into Calvert’s data to