ImpactAlpha, July 15 – The Atlanta-based impact investor invested an undisclosed amount in RedBird Health Tech through its $5 million, women-focused coLABS fund. The three-year fund is part of Gray Matters’ mission is to improve the lives to 100 million women.
RedBird fits into Gray Matters’ investment thesis because of its focus on community healthcare. The company partners with local pharmacies to offer diagnostic services, which include neonatal monitoring and testing. The company currently works with two pharmacies in Accra, Ghana’s capital. RedBird will use the capital for plans to scale to 30 pharmacies over the next few months.
- coLABS portfolio… Gray Matters’ fund has invested in four other companies, including Pakistani digital health venture doctHERS, U.S.-based voter information startup IssueVoter, Colombian employment startup LikeU, and Rwandan solar microfranchise venture A.R.E.D.