- Project Sage 3.0 reports that 138 funds have invested $4.8 billion with a gender lens. And women entrepreneurs in the Middle East, Asia, sub-Saharan Africa, and Latin America are gaining access to capital. We look at a few of them.
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Project Sage 3.0’s release this week has good news for gender smart investors. While intentional gender lens investing is a fraction of the $750 billion global impact investing market, as of December there were 138 funds investing a total of $4.8 billion with a gender lens. That’s a big leap from the 87 funds managing $2.2 billion reported in Project Sage 2.0 in December 2018. More than half of that increase came in 2019.
The target geographies for gender lens investments are also expanding, ensuring that women outside of traditional entrepreneurship centers in the U.S. and Europe are not left out of the growth. Women entrepreneurs in the Middle East, Asia, sub-Saharan Africa, and Latin America are gaining access to capital — which is good for everyone, because social entrepreneurs in these regions have great ideas.
Noora Sharrab, co-founder and CEO of Jordan-based Sitti, employs skilled refugees to make handcrafted olive oil soaps. WeCare, the Indonesian answer to GoFundMe, was started by Gigih Septianto to help crowdfund medical care for people in poverty. South Africa’s Dazzle angel investor network includes Johannesburg-based entrepreneur Ayanda Mzondeki, who founded Liyema Consulting to offer tech-driven human capital solutions. Argentina’s NXTP Labs, an accelerator co-founded by Marta Cruz, has invested in 28 women-led companies they designate as “Mujer Emprendedora” (entrepreneurial woman).
In Other News: Paris, PPP discrimination, ‘food prints’
Available data shows evidence of discrimination against PPP borrowers. A Stockholm e-scooter startup is beating the industry’s dismal outlook. The “food prints” of 18 of the G20 member countries really need to change. What’s the best way to call out racial injustice at work? Does the lack of a standard ESG framework make the whole concept “overhyped and oversold”? Cities should be more like Paris (though not for the reasons you may think).