Dealflow | March 10, 2022

Dolma Impact Fund II raises over $50 million for sustainable investments in Nepal

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, March 10 — Dolma Impact Fund II has raised $50 million. The private equity fund, which is looking to raise up to $75 million, received commitments from FMO, Swedfund, U.S. International Finance Corp. and Development Finance Corp.

The fund, managed by Dolma Fund Management, will use a gender lens for investments in renewable energy, healthcare and technology companies. Dolma Impact Fund I, launched in 2014, raised $36.6 million.

Dolma Impact Fund II has already backed the logistics platform Upaya City Cargo. Deals for a food delivery startup and a multi-specialty hospital are near closing. Dolma plans to bring the companies “to international scale and quality,” said Dolma’s Tim Gocher.