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Shutting money gaps in Latin America, expanding Fig Tech’s financing capability, workforce investing, developing a investment with effect integrity

Catalytic money helps Acumen’s ALIVE connection the funding space for social ventures in Peru and Colombia. Entrepreneurs in Latin America are weathering the pandemic to generate product sales networks for little farmers, online training for pupils, and clean, available power for rural households. But early-stage businesses delivering important services to low-income communities in your community are struggling to gain access to the type of money, because of the right terms, that they must develop. Numerous main-stream investors have to cut checks which are too big for early-stage social ventures; not enough impact funds can provide development money for enterprises prepared to measure. Bogota-based Acumen LatAm influence Ventures, or ALIVE, has raised $28 million when it comes to Acumen Latin America Early development Fund to take a position in as much as a dozen early-stage social ventures, mainly in Colombia and Peru. Acumen, the impact that is global organization, is just a minority owner of ALIVE and a finite partner with its very very first investment.