An impact investor finding purpose with 100 million women.
Gray Matters Capital enables self-development and skilling technology for women in the global south to find meaningful work — pairing a commitment to financial returns with deep, measurable social impact.
Profit with purpose, proven over two decades.
We are an impact investor in the global south, investing in early-stage entrepreneurs and portfolios of funds, seeding new ventures to fill market gaps, and pioneering alternate financing approaches.
Our strength is a demonstrated track record of profit with purpose — and an ability to build replicable business models that scale from one market to the next. From affordable-school finance in India to inclusive fintech in Nigeria and childcare in Mexico, we back what works and help it travel.
Today we act as an impact bridge — enabling the convergence of high social impact with strong financial returns.
The principles behind every cheque
Purpose first
Every investment must move the needle for women and girls, measurably.
Profit with purpose
Financial discipline and social impact are partners, not trade-offs.
Replicable at scale
We build models that scale across markets and multiply their reach.
Collaboration
We co-invest, convene and partner — impact compounds together.
Two decades of following purpose
- 2006
The beginning
Bob Pattillo founds Gray Matters Capital after two decades in industrial real estate.
- 2007
Financing schools
We begin funding affordable schools through the Indian School Finance Company.
- 2013
A gender lens
We adopt a gender-lens strategy to advance equality and women's economic empowerment.
- 2017
edLABS & coLABS
New ventures launch to close the seed-stage gap for women-focused business models.
- 2018
GMC Calibrator
A behavioural-design accelerator launches to lift engagement on self-learning platforms.
- Today
Across the global south
Model replicated in Pakistan and Nigeria — 38M women reached, and counting.
The people behind the mission
A distributed team across the US, India and Latin America — bringing skill, domain expertise and lived experience to demonstrate profit with purpose.
Raunak Singhvi
Chief Executive Officer
Pranay Adhvaryu
Senior Equity Advisor
Laura Wilson Putz
General Counsel
Srinita Mitra
Venture ManagerRuchi Bohra
Associate, Accounting & Finance
Victoria Fram
coLABS Advisory · MD, VilCap Investments
Angela Rastegar
coLABS Advisory · Director, Circle
Karen Pajarillo
coLABS Advisory · Partner, Riverside
"In 2003, a conversation with my eleven-year-old daughter changed everything. I sold the business and gave the rest of my life to this."
Bob Pattillo built one of the largest industrial developers in the US before turning entirely to impact — founding the $69M Gray Ghost Microfinance Fund, then Gray Matters Capital.
Read his story →Purpose-driven capital for the future of learning & work.
Founders, funds and fellow believers — there's a place for you in the next 62 million.