HIPOCAMPUS

Posted By Graymatterscap On Sat, Apr 7, 2018

Hipocampus Learning Centres (HLC), as a network provides affordable high-quality care and education to at-risk children who are 1 to 6 years of age. The objective of Hipocampus is to increase access to quality education while empowering local women through recruitment, training and deployment as ‘edupreneurs’ in the centers. Hipocampus Mexico is a partnership between Connovo, a Mexican ‘social business builder’, and Hippocampus Learning Centers (HLC), a successful affordable private schools chain based in India.
Hippocampus Mexico started operations in 2016 and currently operates one centre in Guanajuato.

Investment Rationale

In Mexico, there are 11 million of children under the age of 5 of which 56% live in poverty. Current childcare services are insufficient and pre-schools not being able to adapt to the current reality of the communities. 80% of these children remain under the exclusive care of their mothers, who end up earning less than 6 times the minimum wages which leaves them with no access to social security.

Gray Matters Capital saw the potential of Hipocampus in changing this gender paradigm in Mexico through education. The funding will be used to help Hipocampus open 50 centres by 2020. By leveraging the experience of Hippocampus in India as well as partnerships with corporations, foundations and key local stakeholders, Hipocampus Mexico has been able to reduce costs associated with establishment and running of learning centers accelerating their self-sustainability. This innovative collaboration has the potential to demonstrate that providing quality care and education is possible and can be scaled in the world’s largest markets.

About Graymatterscap

Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.

GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).

GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.

To know more, visit: www.demo.graymatterscap.com