The fund, Alitheia IDF, raised amid an uptick in Africa's gender lens investing activity.
Project Sage has tracked at least two dozen new funds, which will be part of the new report next spring. Catalyst at Large Suzanne Biegel provides a sneak peek at a selection of the exciting and innovative new funds emerging in the field of gender-smart investing.
The 2.7 million women Kiva has reached inform the types of products and services the organization backs, in order to have the most impact on financial inclusion.
- The Solve Innovation Future fund, a donor advised fund, has raised $3.5 million towards a $30 million goal, and will make debt and equity investments of up to $200,000, using a standard set of terms to keep underwriting costs low.
- When the U.S. Development Finance Corp. opens its doors on Oct. 1, it will be equipped with new investment tools to support female fund managers in emerging markets.
- The global consulting firm, which has advised impact initiatives for decades, launched its own fund to move more capital.
- The startup’s $3.5 million round was led by Main Sequence Ventures, the manager of CSIRO’s Innovation Fund.