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Lok Capital Sells its Stake and Leaves RuralShores Business Services
mpact investment firm Lok Capital has exited its portfolio company RuralShores Business Services by selling its stake in the rural business process outsourcing (BPO) company to an unnamed strategic investor.
- Categories
- Investing
- Region
- South Asia
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PRESS RELEASE: Calvert Foundation and Bank of America Partner to Invest in Women
Bank of America's $10 million investment will support the economic and social advancement of women in developing countries.
- Categories
- Impact Assessment, Investing
- Tags
- impact investing
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mHealth startup Telemed secures venture capital from The African Group
Telemed Medical Services is an Ethiopian startup responsible for the country’s popular mobile health and medical consultancy service, Hello Doctor, and has recently announced it’s raised funds from US-based VC group The Africa Group (TAG). The Ethiopian engineering consultancy that, among other things, specialises in mobile health consulting is giving up a 25% stake of Telemed and plans to further address a crucial demand for health-related service delivery.
- Categories
- Health Care, Investing
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d.light Announces $11 Million Series C Financing, Expands Board of Directors
The Series C round included participation from all major investors, including DFJ, Omidyar Network, Nexus India Capital, Gray Ghost Ventures, Acumen Fund and Garage Technology Ventures. With the closing of Series C, d.light has raised a total of $40 million in capital.
- Categories
- Energy, Impact Assessment, Investing
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Gates Foundation Hires Second Biotech VC to Connect With Startups
The Bill & Melinda Gates Foundation is trying to get more biotech entrepreneurs to work on global health, and it just hired another venture capitalist to give the initiative a boost.
- Categories
- Health Care, Investing
- Tags
- venture capital
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Healthcare tech is hot for venture capitalists
From wearables like wristbands that keep track of your physical activity to wireless weighing machines that help you track your weight fluctuations, technology is getting into healthcare with an eye firmly on the consumer.
- Categories
- Health Care, Investing
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Press release: Calvert Foundation and MicroVest Capital Management Announce Partnership for Microfinance Investments
Calvert Foundation and MicroVest today announced a partnership to manage Calvert Foundation’s investments in the microfinance sector. The partnership builds on more than nine years of collaboration between the two organizations and leverages each group’s expertise to more efficiently invest in microfinance.
- Categories
- Investing
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Can Business Solve Poverty?
“Can business solve poverty? If you think it can, raise your hand.”When I asked that question from the podium earlier this week at the Aspen Network of Development Entrepreneurs' (ANDE) annual meeting, nearly every one of the 200 members packed into the room raised a hand.
- Categories
- Investing