Fund Description
Gray Ghost DOEN is a leading impact investment fund focused on early-stage enterprises in the developing world that use innovative applications of existing technology to address the needs of poor populations. The fund was created in 2009.
Fund Mission
GG-DOEN invests in early-stage enterprises providing catalytic innovation and leapfrogging technologies in the developing world. The current investments are predominantly focused on the Information, Communication and Technology (ICT) sector, especially the new application of proven technologies. Key to any investment is the improvement of the lives of people whom traditional commercial products, services and technologies have ignored. The goal is to create demonstrable social impact, while generating sustainable long-term financial returns.
Vintage Year
2009
Geographic and Industry Investment Targets
Target Industry
Financial & insurance activities | Information & communication | Other services
Target Industries Description
Information, Communication, and Technologies- leveraging technology to make information and products affordable, available, and accessible to BOP. Example: technology enabled distribution of goods to rural villages, mobile money, and mobile Health.
Investment Region(s)
Asia | Global (Only Emerging Markets)
Countries of Investment
India
Geographic Target Description
Emerging markets with underserved populations
Impact Investment Targets
Impact Targets
Socially beneficial prod/serv | Environmentally beneficial prod/serv | Targeting the underserved
Socially Beneficial Products & Services
Access to basic services | Infrastructure/market access | Economic &/or empowerment opportunities | Other
Socially Beneficial Products & Services Description
Using Information, Communication, and Technologies (ICT) as a platform, GG-DOEN invests in companies that provide access to affordable and much needed services, goods, and information for the base of the pyramid population.
Environmentally Beneficial Products & Services
Renewable energy/Cleantech
Environmentally Beneficial Products & Services Description
ICT platform companies also provide indirect environmental benefits by reducing the amount of air pollution produced from people traveling to obtain goods and services, which can now be completed via mobile handsets.