When it comes to driving shared prosperity across a market, how capital is deployed is as important as what is funds.
Delhi-based TechnifyBiz works with India’s farming cooperatives to boost the value of their products with basic sorting and processing, then connects farmers to buyers via an online marketplace.
The $10,000-minimum notes drew a wide range of investors including individuals, non-profits, family offices and ImpactAssets’ Donor Advised Fund.
The Abuja-based company has developed a commodities exchange for products like sorghum, maize and cocoa sourced from more than 100,000 smallholder farmers.
Singapore’s Impact Investment Exchange helped ATEC raise the equity financing, which was led by French energy company ENGIE's impact fund.