A $70 mn. sector agnostic fund managed by the Indian Angel Network (IAN), the IAN Fund-I aims to nurture startups in India by attracting the country’s most innovative entrepreneurs and getting them mentored by domestic and international investors besides providing them with global market access. Through this fund, entrepreneurs can raise from $30K right to up $8 Mn during its 10 year span.
Investment Rationale
As a limited partner in the fund, Gray Matters Capital expects the Indian Angel Network (IAN) to direct its share of investment only into early stage disruptive Indian education enterprises.
About Graymatterscap
Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.
GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).
GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.
To know more, visit: graymatterscap.com
View all posts by Graymatterscap
