The fund’s first two investments are in Monrovia-based Seatrec, which harvests energy from temperature differences in ocean water, and San Leandro-based Freewire, a mobile and off-grid charging and power supplier.
CDC is providing $100 million each to South African bank ABSA and Egyptian bank CIB, and $75 million to Pan-African bank TDB.
The venture fund's first investment is Cosynd, a startup that simplifies the process of obtaining copyrights for creators such as musicians, songwriters and authors.
Five of the 10 startups in the Techstars’s Atlanta-based social impact accelerator hosted with Cox Enterprises are focused on skills development, academic success and workplace wellbeing.
Catalyst Fund, managed by BFA Global and Rockefeller Philanthropy Advisors, will support 30 additional companies in Kenya, Nigeria, South Africa, India, and Mexico.
Different approaches in different sectors, “all add up to the same thing, which is improving small business infrastructure,” the key to inclusive economic growth.