The Aavishkaar-Intellecap Group, which runs major impact investing events in India and Africa, raised $15 million from Triodos Investment Management and $10 million from the Shell Foundation to expand its investment, consulting and research operations. The Mumbai-based company has $400 million in assets under management and is looking to grow to $3.5 billion by 2024.
Women Rising Cindy Whitehead made waves and faced challenges in marketing the Pink Pill, a female sex-drive drug, as founder and CEO of Sprout Pharmaceuticals. Her new company, the Pink Ceiling, is launching the Pinkubator to mentor and seed women-focused start-ups in a male-dominated venture capital world. The Pinkubator has already registered seven companies at
Fenix International said it has doubled its customer base to 100,000 from 50,000 just 12 months ago. That’s about 17 percent of all solar users in Uganda, where 80 percent of the population lacks access to electricity. Pay-as-you-go solar products have exploded across Africa in recent years, as costs have fallen and mobile payments and other
Women Rising Roughly 200 private equity firms manage $30 billion in assets in Africa, up from next to none 20 years ago. Half of that capital was raised and invested in the past five years. Compared to PE in the US and Europe, however, where large deals and creative financial modeling and engineering dominates, the
“The world now demands we take responsibility for the power we’ve acquired, and that we engage with society at a broader scale,” says John Battelle. A founder of Wired magazine, The Industry Standard and now NewCo. Battelle is gathering more than 400 representatives of business, technology, and government in San Francisco at the NewCo Shift
“My own prediction is that kids born today will never get to drive a car,” says Henrik Christensen, director of the University of California San Diego’s Contextual Robotics Institute. Mass production and adoption of driverless cars are only 10 or 15 years away. Some predict an even faster shift. Tesla already embeds self-driving hardware in
Derek Handley has a ticket to go to space with Virgin Galactic. But first the veteran of Richard Branson’s B Team has big ambitions here on earth. His new firm, Aera VC, has made six impact investments using its “social term sheet” and is building an “activist community” of family offices. “These companies will do great: