ImpactAlpha, January 13 – The Washington, D.C.-based investment firm has invested an undisclosed amount of capital in Organica Investment, a women-owned company in Ho Chi Minh City, Vietnam.
Organica Investment launched in 2013 to make certified organic foods more widely available to Vietnamese consumers. Organica helps farmers make the transition to organic farming and sells their products in its chain of organic food stores in Ho Chi Minh City, Hanoi and Danang.
The investment from SEAF will help Organica Investment open more stores and drive online sales.
SEAF, a spinoff from the relief organization CARE, has had a presence in Vietnam for 11 years. The firm made its equity investment via its Women’s Opportunity Fund, an investment partnership with the Australian government’s Investing in Women initiative that backs women-led businesses in the Philippines, Vietnam and Indonesia. Organia Investment is the fund’s third investment. The other two—Dream Viet Education and Phuong Chau hospital—are also based in Vietnam.
In addition to its equity commitment, SEAF is also providing long-term debt funding to Organica Investment.