Dealflow | December 22, 2021

Minderoo Foundation launches $100 million women-led strategic impact fund

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 22 — Minderoo Foundation has invested in six entities to date, including Toronto-based Ulula, which makes software to help companies engage workers in their supply chains; Ocean 14 Capital, a London-based manager investing in the blue economy; Singapore-based circular economy investor Circulate Capital; and Humanity United’s ethical supply chain fund Working Capital.

“All investees are required to regularly report on impact metrics that align to the foundation’s goals,” said Minderoo’s Felicity Gooding. “In some instances, our returns are even contingent on social outcomes being delivered.”

Gender lens

“We want to see more women empowered to lead businesses and investment processes that actively tackle entrenched gender bias,” said Minderoo’s Jenna Palumbo, who will lead the fund with Gooding and co-founder Nicola Forrest.

Alitheia IDF, an African gender-lens fund, raised $100 million this week. The latest Project Sage survey found more than 200 funds that use a gender-lens investing strategy.