OPIC – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, today announced financing of $12.5 million to support the Livelihood Impact Fund (LIF), a fund managed by Unitus Impact, a venture capital firm that invests in scalable companies working to increase incomes and improve the livelihoods of the working poor in Southeast Asia and India.
“As an agency that is committed to helping the private sector enter into emerging markets, OPIC is delighted to support LIF as the fund invests in some of the world’s largest and fastest growing markets that are often overlooked by private investors,” said Elizabeth Littlefield, OPIC’s President and CEO. “LIF’s unique approach of investing in companies that empower the working poor to become stronger market participants will have a long-lasting impact on the underserved communities in these regions.”
“We are thankful to have the support of a marquee investor like OPIC who believes that strong social impact can be generated by investing in scalable, profitable companies focused on serving traditionally disadvantaged populations. We look forward to making investments in innovative, high-growth companies in Southeast Asia and India that can create lasting social change and generate risk-commensurate returns for our investors. Our goal at Unitus Impact is to demonstrate the commercial viability of investing into companies focused on livelihoods,” said Unitus Impact CEO Geoff Woolley.
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