IGNIA is a venture capital firm based in Monterrey, Mexico...
IGNIA is a venture capital firm based in Monterrey, Mexico that supports the founding and expansion of high growth social enterprises that serve the base of the socio economic pyramid in Mexico.
The Fund’s vision is a more equitable world, and the mission is to improve lives through access to goods and services. Investments focus on the areas of agriculture, housing, healthcare, education, basic services, technology and telecom markets – sectors that have a disproportionate impact on low-income populations. It’s impact has been certified by GIIRS (Global Impact Investing Rating System), which ranks it in the highest quartile among its peers with 117.2 points out of 200.
ARED is a Hard Tech as Service (HAaS) company that...
ARED is a Hard Tech as Service (HAaS) company that has developed a solar kiosk platform to bring last mile distribution of prepaid services and digital connectivity to people belonging to low income groups.
ARED uses a scalable micro-franchise model that is an income game changer employing women, disabled individuals and refugees at its solar-powered kiosks. Using the coLABS funding, it is making its first international expansion into Uganda to market test its newest kiosk model, the Shiriki Hub.
Gray Matters Capital was excited to see the team’s sincere commitment to impact while deploying a needed tech innovation.
doctHERs is a Pakistani digital health and telemedicine company that...
doctHERs is a Pakistani digital health and telemedicine company that connects a network of home-based female doctors—who are unable to access the workplace—to healthcare consumers—who lack access to quality, affordable healthcare–via technology. In February 2017, doctHERs pivoted after 18 months of a community-based clinical model to focus on underserved stakeholders in corporate value chains to achieve more scale and financial sustainability.
On the supply side, it is reintegrating women healthcare professionals into the workforce. On the demand side, it engaging workers and families within corporate value chains with a special focus on health and wellness for women and girls.
The way doctHERs is leveraging technology to address barriers faced by female doctors and healthcare workers who are discouraged from the workforce, and by female patients in the working class without access to care – Effectively linking both communities of Women was what galvanized interest of Gray Matters Capital.
There was scope for scale with their creative plan of collaboration with large distribution and co-financing partners, giving them the pathway to expand internationally.
Implementing sustainable and inclusive employment opportunities through telecommuting, LikeU is...
Implementing sustainable and inclusive employment opportunities through telecommuting, LikeU is creating thousands of part-time jobs and providing high quality services to Business Process Outsourcing sectors. The company brings greater efficiency to corporate clients since recruits have already been vetted and trained in specific services or products, making the hiring process three times faster.
coLABS’ investment in LikeU was made after a targeted search in Latin America for innovative companies tackling critical issues for women in the region. LikeU’s offering of access to formal employment to enable autonomy and self-sufficiency, particularly among the increasing number of female-led households in the region, made the company a great fit for the coLABS portfolio.
We loved that the quality of life of their customers was a top priority for this company and that they use an approach that is innovative in their region–telecommuting–to achieve that. This gives flexibility and skills training to the growing number of female-led households in Latin America and offers them a higher salary through the savings that corporate clients receive by using LikeU. It’s a win-win for workers and corporate clients.
IssueVoter is a non-partisan platform that alerts users year-round on...
IssueVoter is a non-partisan platform that alerts users year-round on key issues that they care about. Before the US Congress votes on these issues, the platform alerts its users and enables them to send their opinions directly to representatives with one click. It holds politicians accountable by tracking how they vote so that users can make informed decisions at election time.
IssueVoter is passionate about promoting civic engagement among underrepresented women and is using coLABS funding to enhance their platform offerings, reach more citizens, and pilot a corporate engagement model.
Gray Matters Capital was interested in IssueVoter considering the growing partisanship in the US political system. The founder’s passion for civic engagement and how she created a non-partisan technology platform that efficiently gives everyone a voice in our democracy, including women who aren’t being heard equally was inspiring.
The US Congress currently receives about two million more letters and calls from male constituents each year, despite women voting at higher rates than males in every presidential election since 1980. IssueVoter can change that with a click of a button.
Chrysalis is a Chennai based educational reform organization that is...
Chrysalis is a Chennai based educational reform organization that is committed to bring a change in the India’s education system. It’s flagship product – ThinkRoom is a student-centric academic programme developed in-house after 16 years of intense pedagogic research. It aims to help every school student to discover his or her potential while developing academic excellence and replaces programmes and textbooks whose focus is limited to academic outcomes.
Since its inception in 2001, Chrysalis has changed the way more than 250,000 students in over 500 schools across 11 states in India learn.
In 2017, Chrysalis had introduced ‘Buzzle Cards’ that help impart core concepts of Mathematics and English using Augmented Reality (AR) through the Buzzle AR Beta app. The app animates images on the cards making the learning experience immersive for the student. Gray Matters Capital had funded the development of this educational innovation through its edLABS initiative.
Add-On-Gyan Educational Services Pvt. Ltd., that is largely associated with...
Add-On-Gyan Educational Services Pvt. Ltd., that is largely associated with the brand name Kidovators, is a pioneering education-technology startup with a core focus on imparting 21st century skills education such as Creative Thinking, Critical Thinking and Complex Problem-solving through programs and curriculums.
It has been conducting the ‘Kidovators Creativity Olympiad: The Erehwon Challenge’ – India’s Biggest Creativity Olympiad to help students from Class IV to IX hone their creative thinking skills.
Gray Matters Capital, through its edLABS initiative, has facilitated the launch of KidovatorsTM – India’s first 21st century skill learning platform. Backing affordable breakthrough solutions of for-profit education ventures focused on inculcating 21st century skills and improving the learning outcomes of the students is in line with Gray Matters Capital’s investment strategy in India.
Unanth is an online learning marketplace connecting tutors and students...
Unanth is an online learning marketplace connecting tutors and students with skill based courses in Web Development, Programming, Data Science, Analytics etc. taught in English and other vernacular languages. Its next generation platform helps tutors create and publish courses easier while ensuring high quality learning experience to students.
For a country as diverse as India with multiplicity of languages, Gray Matters Capital believes that the success of edtech hinges on education being imparted through Massive Open Online Courses (MOOCs) in vernacular languages. The need to make the workforce ready with requisite skillsets for jobs of the future, it backed this learning marketplace through edLABS.
Scorace helps students in classes VI to X in secondary...
Scorace helps students in classes VI to X in secondary school to understand Mathematics and score better in tests and exams. This is achieved by using intelligent technology to provide personalized practice to students supported by learning videos and on-demand experts available to students. Students can access Scoreace solutions through computer labs in schools as well as at home through smartphones and tablets.
Being an Artificial Intelligence (AI) powered tuition platform helmed by Mr. Ashish Basu, a stalwart in the education technology sector, Gray Matters Capital supported this venture through its edLABS initiative to help students improve their computational skills with an aim to prepare them for higher education and job opportunities in the future.
Final Mile Consulting is a knowledge intensive design firm that...
Final Mile Consulting is a knowledge intensive design firm that understands, explains, and influences decision-making by applying learnings from behavioral sciences, cognitive neuroscience, product & industrial design, graphic design, architecture, business management and marketing.
While technology has helped increase access to quality sources of education, course completion rates on online education platforms and apps in India have been low. Addressing this issue of stickiness of online educational content by helping edtech enterprises understand the behavioral traits of end users of their products is something which Gray Matters Capital considered as essential for edupreneurs to achieve success both from an impact as well as improved learning outcomes perspective.
Global Microfinance Equity Fund (GMEF), launched in 2008, was a...
Global Microfinance Equity Fund (GMEF), launched in 2008, was a Fund of Funds with an objective of making PE investments in the Micro Finance Institution (MFI) space through regionally focused funds (CMI, IFIF, Prospero and Africap funds). It was a well diversified fund with a well spread geographic focus on Asia (55%), Latin America (25%) and Middle East – North Africa (20%). The investment period ended in December, 2012.
Catalyst Microfinance Investors (CMI), was established in 2006 and incorporated...
Catalyst Microfinance Investors (CMI), was established in 2006 and incorporated under the laws of Mauritius. CMI received capital commitments of U.S.$ 125 million from leading international institutional and private investors. Its portfolio included microfinance companies across Asia and Africa.
Gray Matters Capital invested in this fund through its entity Gray Ghost Microfinance Fund and was a cornerstone investor.