Global investment bank focused on advising firms with social impact ventures raise capital, Unitus Capital has crossed the $1 billion milestone in fundraising through a mix of debt and equity for over 50 clients since its inception in 2008, as per a press statement.
The transactions encompass markets like India, China, The Philippines, Indonesia and Australia straddling sectors like microfinance, education, agriculture, healthcare and renewable energy.
“The past six years have been an amazing and sometimes difficult journey. It has reaffirmed my faith in humanity to see our small team’s hard work rewarded in a big way by allowing our clients to scale to help millions of people who desperately need it,” says Eric Savage, co-founder and CEO of Unitus Capital.
The firm focuses on meeting the financing needs of impact entrepreneurs serving the bottom of the economic pyramid. The company was launched with support from Unitus Labs, a global non-profit entity 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).
Unitus Capital has also added Geoff Woolley (CEO of Unitus Impact, and co-founder and co-chairman of Unitus Capital), Narayan Ramachandran (chairman of InKlude Labs and co-chairman of Unitus Capital) and Bob Pattillo (founder of Gray Matters Capital) as shareholders.
The fund has recently diversified its scope to include businesses focused on women empowerment and asset management along with participating as a general partner in Unitus Impact’s Livelihood Impact Fund.
Unitus Labs, which had launched Unitus Capital six years ago, is also behind social impact funds such as Unitus Equity Fund, Unitus Impact and Unitus Seed Fund.
(Edited by Joby Puthuparampil Johnson)