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Thursday, January 03, 2013

Unitus Seed Fund lands $8 Million for BoP Startups from Leading Early-stage Investors

Source: Press Release

Seattle, USA and Bangalore, India. Unitus Seed Fund (USF) has secured over $8 million in investment commitments for its seed-stage venture capital fund focused on accelerating “BoP startups” – startups serving low-income consumers – in India.  USF invests in for-profit scalable companies that will provide economic self-reliance, education, and basic necessities to millions of low-income people living at the base of the economic pyramid (aka “BoP”).  USF has also recruited a strong group of venture advisors to provide expert support to its portfolio companies.

Several impact investing luminaries are among the founding investors of the fund: Mike Murray (co-founder of microfinance pioneer, Unitus Labs), Jeff Clark, Vinod Khosla (Founder, Khosla Ventures and Khosla Impact), 500 Startups, and Bob Gay (Formerly Huntsman-Gay and Bain Capital). Co-investors in India include T.V. Mohandas Pai (Chairman of Aarin Capital Partners), and Dr. Ranjan Pai (CEO of Manipal Education and Medical Group).

For the complete article, click here...
  • Managing Partners

    William Davidson Institute
  • Sponsoring Partner

    Citi Foundation
  • Content Partners

    IADB
  • Content Partners

    MercyCorps

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