GMC and Bob Pattillo (founder) have helped start or been a founding
investor in the following Ventures:

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Invested: 2002

SANABEL

Established in 2002 in Tunisia with 17 representatives from 7 Arab countries, it is the first and only regional network designed to serve microfinance institutions in the Arab world. Now with 79 members, Sanabel members have served 3.3 million active clients representing 62% of the region’s overall active clients, with a portfolio of two billion dollars representing 76% of the region’s overall portfolio by December 2018.

Leadership
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Mohammed Khaled
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Invested: 2003

Gray Ghost Microfinance Fund

The first commercial microfinance fund of funds. Investable capital: $75 million. Top quartile of all commercial emerging market funds of that era. Ten year review here.

Leadership
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Paul Di Leo
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Invested: 2003

MicroVest

Investor in responsible Microfinance and SME Finance institutions that scale with integrity.

Leadership
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Gil Crawford
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Invested: 2003

Accion Investments in Microfinance (AIM)

$18m investment company focusing on microfinance banks in Latin America, the Caribbean, and Africa.

Leadership
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Enrique Ferraro
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Invested: 2005

Bellwether

First equity microfinance fund in India. 60 loans and 12 equity investments, all but one successfully exited; early and critical investments in many of India’s leading MFIs: Ujjivaan, Equitas, Janalakshmi, Sonata.

Leadership
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Viswanatha Prasad

Global Commercial Microfinance Consortium

Invested: 2005

Global Commercial Microfinance Consortium

Platform to combine high risk catalytic development agency resources with the scale and execution efficiency of the private sector.

Leadership
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Asad Mahmood
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Invested: 2007

Feelgoodz

Flip flops made from natural, earth- friendly natural rubber.

Leadership
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Kyle Berner
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Invested: 2007

LocFund

A Local Currency Fund to 45 microfinance banks in Latin America and the Caribbean. $69 million disbursed.

Leadership
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Fernando Sanchez
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Invested: 2007

ASA International

One of the world’s largest international microfinance institutions providing small, socially responsible loans to low-income entrepreneurs, most of whom are women, across Asia and Africa. IPO in 2018. Operating in 13 countries: Ghana, India, Kenya,
Myanmar, Nigeria, Pakistan, Phillipines, Rwanda, Sierra Leone, Sri Lanka, Tanzania, Uganda, Zambia. Serving 2.4m clients. Gross OLP of 424m USD.

Leadership
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Shafiqual Choudhury
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Dirk Brouwer
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Invested: 2008

India Financial Inclusion Fund (IFIF)

Launched by Caspian, an equity fund that invests in Indian micro and housing finance companies.

Leadership
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Mona Kachhwaha
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Invested: 2008

Indian School Finance Company

Lender to Affordable Schools in India. Most charge tuition of less than $3 per week. First lender to Affordable Schools in the world. Spawned the education finance industry, first in India, now across the world. Also the ripple effect. Varthana, Shiksha.

Leadership
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David Kyle
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Sandeep Wirkhare

Gray Ghost Ventures

Invested: 2008

Gray Ghost Ventures

Fund for early-stage emerging market enterprises, including d.light, MKopa, and BKash.

Leadership
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Arun Gore
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Invested: 2008

Global Microfinance Equity Fund

$120m microfinance Fund of Funds (CMI, IFIF, Prospero, Africap).

Leadership
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David Fitzherbert
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Invested: 2009

Kickboard

Student behavior software to celebrate success, address areas for improvement. Families and students can trust there will be consistency in both positive and negative consequences.

Leadership
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Jen Medbery
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Invested: 2009

Dryades Public Market (formerly Jack and Jake’s Public Market)

Expanding community access to safe and healthy food in regional New Orleans.

Leadership
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John Burns
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Invested: 2009

Under the Mango Tree

Beekeeping increases agricultural productivity 8x. hives rental, candles, honey flavored with mangos, citrus, eucalyptus.

Leadership
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Vijaya Pastala
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Invested: 2009

Village Capital

The largest organization in the world supporting impact-driven, seed-stage startups.

Leadership
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Ross Baird

First Light Ventures

Invested: 2009

First Light Ventures

A seed stage fund within the Gray Ghost Ventures family. Primary accomplishment was founding Village Capital.

Leadership
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John Hardman
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Invested: 2010

IDEX

A professional fellowship program in India for aspiring social enterprise practitioners. 300+ alumni.

Leadership
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Erika Norwood
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Invested: 2010

TerViva

Grows pongamia trees with protein- and oil-rich seeds. Unlike soybeans which devastate the environment, our trees restore degraded land to productive use. Closed a $40m investment round at a $110m valuation.

Leadership
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Naveen Sikka
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Invested: 2010

Kopo Kopo

Tools to facilitate mobile payments through existing platforms, focusing on merchants in E Africa.

Leadership
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Ben Lyon
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Invested: 2010

BKash

Fortune magazine ranked bKash among the top 50 companies in their Change the World list in 2017: 22% of Bangladeshi adults use bKash with 4.5 million daily financial transactions on their mobile. Asia Money declared bKash as the Best Digital Bank(2018). The World HRD Congress declared it as one of Asia’s best employers in 2017.

Leadership
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Kamal Quadir
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Invested: 2010

Prospero

Equity fund for smaller MFIs in Latin America.

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Invested: 2010

Microfinance Growth Fund (MiGroF)

Established in response to the financial crisis in the US and Europe.

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Invested: 2011

Antares

Created to promote a secondary market for microfinance equity positions in Latin American MFIs and build a track record of exits and realized value.

Leadership
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Alex Silva
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Invested: 2011

Voice4Girls

Works with adolescent, marginalized girls and boys in India. VOICE conducts activity-based camps in government and low-cost private schools.

Leadership
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Anusha Bharadwaj
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Invested: 2013

ConveGenius

Report cards on schools in India that help investors, donors, and families choose the best.

Leadership
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Shashank Pandey
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Invested: 2014

Education Catalyst Fund

Investing in edtech companies that offer solutions to low-income families in the education, jobs & livelihoods areas. (CBA)

Leadership
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Vishal Bharat
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Invested: 2015

Social Investment Managers & Advisors (SIMA)

Improve lives of ultimate customers at Bottom of the Pyramid by providing demand-driven commercial capital and appropriate advisory solutions to create and scale profitable businesses with exemplary financial, social, and environmental impact.

Leadership
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Asad Mahmood

Container schools in Kenya

Invested: 2015

Container schools in Kenya

12 schools in Nairobi built from shipping containers.

Leadership
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Joseph Matara
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Invested: 2016

English Edge

Portable language lab and mobile based language learning services.

Leadership
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Vivek Agarwal
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Invested: 2017

DoctHERs

Deploys technology along with specially trained women health workers to factories, corporate offices, ambulances, and clinics to connect patients to doctHERs’ global network of home-based female healthcare providers and specialists.

Leadership
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Asher Hasan
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Invested: 2017

LikeU

Designs and executes Customer Success strategies to improve sales.

Leadership
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Juan Esteban Rincon
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Invested: 2018

World Reader India

Free Books for kids on Jio mobile phones. 1m readers to date. Expecting 150m readers, Jio has 450m subscribers. Subsidiary of WR Global, distributor of 50m digital books to 15m youth across Africa, Latin America, and South Asia.

Leadership
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David Risher
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Invested: 2018

Redbird Health

Partners with pharmacies and licensed chemical shops to bring them proven rapid test technology for chronic and acute conditions, enabling them to expand their business, and giving patients a convenient way to monitor their health, wherever they are.

Leadership
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Patrick Beattie
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Andrew Quao
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Edward Grandstaff
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Invested: 2018

SonoCare

Emerging leader in the healthcare/telehealth space, offering comprehensive virtual/remote and on-site care solutions spanning telehealth, healthcare services marketplace platform and hospital services.

Leadership
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Moses Enokela
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Invested: 2018

EdFin

Bank dedicated solely to funding the education eco-space in Nigeria aims to positively disrupt the standard and quality of education in Nigeria, by providing the much-needed financial resources and services to the education sector.

Leadership
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Bunmi Lawson
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Invested: 2019

Taaleem

Bank dedicated to providing financial assistance to the Low & Middle Cost Private Schools (L&MCPS) across Pakistan.

Leadership
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Kamran Azim
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Invested: 2019

Taimba

B2B mobile-based platform connecting farmers to urban traders with aim of reducing food wastage and to stabilize market prices.

Leadership
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Dominique Kavuisya
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Invested: 2019

Farmshine

Technical field agents provide farmers with advice and support throughout the growing season, and help them aggregate crops for sale to large buyers. Platform connects farmers with the information, suppliers and service providers they need to minimize costs and maximize harvests.

Leadership
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Luca Alinovi
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Invested: 2020

WomenChoice Industries

Manufactures and distributes low cost, affordable menstrual hygiene management care production.

Leadership
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Lucy Odiwa
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Invested: 2020

Shamba Pride

Helps farmers access high-quality farm inputs, financing, insurance and extension through an online to offline platform that provides tools and technology to agri-retailers to upskill them to provide quality agricultural products, finance, insurance and extension to their farmers.

Leadership
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Samuel Munguti
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Invested: 2021

First Followers, First Time Fund Managers

Accelerator for female fund managers in India and SE Asia.

Leadership
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Sagar Tandon

Short Term Liquidity Fund/GROWTH

Short Term Liquidity Fund/GROWTH

Spun into MicroVest.

Leadership
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Alex Silva