Social impact bonds have the potential to radically improve our abilities to tackle some of society’s most complex and costliest social issues. Because they fund preventive measures – and repay private investors from the avoided public costs – they are part of a broader push to “pay for success” in challenges long viewed as intractable.
Here’s a minor #Dealflow scoop: UK-based WeFarm is close to closing a $2 million fundraising round, led by an unnamed commercial venture capital fund. The mobile network is a knowledge sharing platform for remote smallholder farmers, coordinating and vetting SMS-based questions and answers. To date, over 70,000 farmers in Kenya, Uganda and Peru have signed up and