Over the past seven years, our venture funds have invested in more than 60 early- and growth-stage startups in emerging markets (ex. China). Many are thriving, some are challenged but still growing, and some are just hanging on. None have Softbank-level funding, yet. That means that the impending shock to the business climate of emerging
Catalyst Fund, managed by BFA Global and Rockefeller Philanthropy Advisors, will support 30 additional companies in Kenya, Nigeria, South Africa, India, and Mexico.
- Not enough money for promising ventures. Too much money flowing to a few companies. Both statements are true for impact-oriented small and growing businesses in emerging markets.
- It took four years for Dolma Impact Fund to raise its first fund in Nepal, and only took two years to achieve its first exit.
- Climate financing from the six multilateral development banks grew 22% last year even as global climate finance fell.
- Impact drift challenges nearly all impact funds. "Fund managers with a roadmap for proactively managing evolving impact and impact drift have a competitive advantage in capital markets," writes Capria's Uma Sekar in a guest post on ImpactAlpha.