NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Wednesday, August 6, 2014

Unitus Capital, an investment banking firm focussed on meeting the financing needs of impact entrepreneurs serving the bottom of the economic pyramid, has announced that it has crossed the $1 billion mark in raising funds.

Unitus Capital was launched in July 2008 and has helped over 50 impact businesses raise capital in the form of equity, debt and structured products across India, China, Philippines, Indonesia and Australia, across sectors including financial inclusion and microfinance, affordable healthcare, renewable energy, education and agriculture.

The company was launched with support from Unitus Labs, a global non-profit working to reduce global poverty, along with a committed group of shareholders, including: WEGA Support GmbH, Robert Gay (Co-founder and CEO of Huntsman-Gay Capital Partners and former Managing Director of Bain Capital), William S Price III (founding partner of Texas Pacific Group), Steven Funk (founder and chairman of Grand Marais Investments), and James Lee Sorenson (chairman, Sorenson Development Inc and Co-Founder, Sorenson Capital).