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Unitus Seed Fund Expands Its India StartHealth Investment Program
Unitus Seed Fund, the leading impact venture seed fund investing in startups innovating for the masses in India, announced that it is doubling down on its StartHealth investing initiative targeting investments of INR 15 crore in 6 new early-stage health technology startups. With partners such as Pfizer, PATH, Manipal Hospitals and Narayana Health, the StartHealth program provides flexible funding, expert support, and mentorship as well as access to healthcare facilities to accelerate the go-to-market path for promising startups. Unitus also announced that Dr. Ashwin Naik, founder of Vaatsalya hospitals, will be joining as a healthcare fund advisor to help support healthcare entrepreneurs invested in by Unitus. Separately, StartHealth participant UE LifeSciences announced earlier this week that it has raised a INR 19.5 crore Series A investment round led by Aarin Capital.
- Categories
- Health Care
- Region
- South Asia
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Women-Focused Funds Make Money, Create Controversy
Jason Baron uses an unusual metric for sizing up stocks: women. From his perch at U.S. Trust in Boston, Baron works in a small but growing part of the money-management business that’s trying to sell the idea that when it comes to investing, gender pays.
- Categories
- Impact Assessment
- Tags
- impact investing
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Investors Avoid Impact Investing Due to Complexity, Says Barclays
Investors are avoiding putting money in projects that deliver financial returns while having a positive social or environmental impact because they believe they are too complex, according to research.
- Categories
- Impact Assessment
- Tags
- impact investing
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$30 Million Committed to Australian Impact Investment Fund
Superannuation fund HESTA has committed $30 million to create an impact investment fund managed by Social Ventures Australia, which is said to be the single largest investment of its kind in Australia to date.
- Categories
- Impact Assessment
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World’s Most Sustainable Water Source to Raise $10 Million in California Direct Public Offering
Cutting Edge Capital (CEC), a leading firm helping social ventures and entrepreneurs raise capital, announced today that its client WaterFX Hydro I, Inc., dba HydroRevolution, received regulatory approval for a California limited public securities offering (DPO) to accredited and non-accredited investors in the amount of $10 million. The offering is being listed on CuttingEdgeX, a web-based platform that showcases DPOs for all types of investors. CuttingEdgeX’s Online Investment Tool (OIT) streamlines the investing process by allowing issuers like HydroRevolution to post the offering documents, explain the investment, stay in compliance with the securities laws, and receive commitments from investors, all electronically.
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- Uncategorized
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West Africa Off-Grid Solar Venture Gets $3.4 Million Investment Boost
Ghana-based pay-as-you-go solar firm PEG has raised GHS13.2 million (US$3.4 million) to expand its presence in the West African country.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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How Big Data in the Backroads of Africa Will Help Feed the Hungry
To do good, gathering donations from good-hearted people isn’t enough. The most efficient and effective way to bring about positive change is through business, partnering the profit motive with a project that helps improve lives.
- Categories
- Health Care, Impact Assessment
- Region
- Sub-Saharan Africa
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Funding for Indian Startups Won’t Dry Up: Omidyar’s Roopa Kudva
Roopa Kudva, 51, took charge of the India operations of New York-based impact investor Omidyar Network in early July.
- Categories
- Uncategorized
- Region
- South Asia