PRESS RELEASE: Toniic Announces Support from Omidyar Network
Wednesday, August 20, 2014
San Francisco, USA and Mumbai, India (August 18, 2014) – Toniic – a global network of over 120 action-oriented impact investors – is pleased to announce the financial support of philanthropic investment firm Omidyar Network. Toniic increases the velocity of money and services into impact investing to address global challenges. The Omidyar Network grant will be used to support Toniic’s global expansion and operations.
Led by Stephanie Cohn-Rupp and Shalaka Joshi, Toniic’s presence spans more than 21 countries, where its members have invested millions of dollars in support of social ventures. Toniic’s members commit to discover, evaluate, nurture, and invest in entrepreneurs, enterprises, and funds that promote a sustainable economy.
Omidyar Network’s funding comes through the firm’s impact investing initiative, which provides financial and human capital to strategically support organizations working to advance impact investing globally.