By Tom Jackson
Founded in 2006, the US-based impact investor Gray Matters Capital (GMC) has backed a host of scalable ventures generating social and financial returns. Led by Jennifer Soltis, its coLABS portfolio has been focusing on women.
While GMC has investments across multiple industries, including microfinance and education, coLABS was launched in 2017 to fund business models that have the potential to significantly improve the lives of women.
“coLABS applies GMC’s experience as investors to take a more intentional gender lens focus. We support companies that are amplifying the voice and choice of women and girls around the world – any sector, any country,” said Soltis, who began her career at the company in 2010.
GMC has committed US$5 million to coLABS, which has invested in companies across six different countries, including Ghana’s Redbird and Nigeria’s SonoCare. All of the firm’s funding comes from founder Bob Pattillo, a serial entrepreneur and investor, and it has a global focus.
“We have a particular interest in emerging markets but are open to any company proposing solutions to critical barriers unique to women and girls,” said Soltis.
Africa, however, is high on its agenda.
“We’ve been really excited about the innovation coming out of the tech Click here to read entire article