Investment includes backing of Vinod Khosla, Mohandas Pai, Mike Murray and others Seattle, USA and Bangalore, India. Unitus Seed Fund (USF) has secured over $8 million in investment commitments for its seed-stage venture capital fund focused on accelerating “BoP startups” – startups serving low-income consumers – in India. USF invests in for-profit scalable companies that will… Read more >
Category: Press Release
Unitus Seed Fund lands $8 Million for BoP Startups from Leading Early-stage Investors
January 3, 2013 – Press Release
Unitus Seed Fund launches in India with three seed investments
February 5, 2012 – Press Release
New Unitus Labs Initiative Seeks to Accelerate Development of Innovative Startups Which Have the Potential to Significantly Benefit Families Living on Less Than $2 Per Day Seattle, WA and Bangalore, India, February 6, 2012 — Unitus Labs, an international non-profit focused on reducing global poverty through economic self-empowerment, is launching today the Unitus Seed Fund,… Read more >
Unitus, Inc. Redirects Efforts
July 2, 2010 – Press Release
Unitus, Inc. Redirects Efforts from Non-Profit Microfinance Acceleration toward a Broader Array of Social Ventures Innovative non-profit helped shape and validate microfinance as a viable commercial activity, increase access to investment capital for working poor; with tens of billions of dollars in commercial capital now available in the microfinance industry, Unitus, Inc. will refocus efforts… Read more >
Two New Partners Join SPMIP
May 26, 2010 – Press Release
Unitus Announces Grama Vidiyal, AMK as Latest Partners in Social Performance Management Implementation Project Indian, Cambodian Institutions Join Effort to Maximize Effectiveness of Microfinance BANGALORE, 26 May 2010 — In keeping with its goal of bringing greater effectiveness to the work of microfinance institutions (MFIs) worldwide, global nonprofit Unitus, Inc. proudly announces today the signing of… Read more >
Unitus Teams Up With OPIC & Citi
March 29, 2010 – Press Release
Unitus Teams Up With OPIC & Citi to Make $15 Million Available for the Development of Emerging Microfinance Institutions Credit facility will provide debt funding to smaller MFIs in challenging markets SEATTLE, 29 March 2010 – In their ongoing effort to empower the world’s poor through microfinance, international nonprofit Unitus, Inc., the Overseas Private Investment… Read more >
Ujjivan Joins as First Partner in SMPIP
November 5, 2009 – Press Release
India’s Ujjivan Announced as First MFI Partner for Unitus’s Social Performance Management Implementation Project Partnership provides expertise, resources necessary to integrate SPM tools into Ujjivan operations BANGALORE & SEATTLE, 5 November 2009 — In its continuing efforts to improve the effectiveness of life-changing microfinance services, Unitus Labs. is proud to announce that India’s Ujjivan has been… Read more >
Unitus, Inc. Announces Dr. Brigit Helms as Chief Executive Officer
October 27, 2009 – Press Release
Unitus, Inc. Announces Dr. Brigit Helms as Chief Executive Officer. New leader brings expertise, urgency to organization working to empower the world’s poor through microfinance SEATTLE, 27 OCTOBER 2009 – International nonprofit Unitus, Inc. proudly announces their new Chief Executive Officer, Dr. Brigit Helms, whose career has been defined by trailblazing work to achieve poverty… Read more >
Announcing MSDF Partnership on Social Performance Management
September 4, 2009 – Press Release
Unitus and Michael & Susan Dell Foundation Collaborate to Increase Use Of Social Performance Management Among Microfinance Institutions SEATTLE, 4 September 2009 – In an ongoing effort to increase the availability and effectiveness of life-changing microfinance services, international nonprofit Unitus and the Michael & Susan Dell Foundation will launch the Social Performance Management Implementation Project… Read more >
An Open Letter to the Wall Street Journal
August 14, 2009 – Press Release
An Open Letter to the Editor of the Wall Street Journal While it was not surprising to find coverage of microfinance in your paper the morning after Dr. Yunus received the Presidential Medal of Freedom, we at Unitus were quite surprised to see such a bleak depiction of the microfinance industry, more than 30 years… Read more >
Grama Vidiyal Raises $4 million of Equity
June 16, 2009 – Press Release
Grama Vidiyal raises over USD 4 million of equity capital, the first equity investment in India in 2009 Tamil Nadu, India-based microfinance institution successfully completes second round of equity infusion from MicroVest, Unitus Equity Fund I (UEFI) and Amar Foundation. Tamil Nadu, India June 16, 2009: Grama Vidiyal Microfinance Private Ltd (GVMFL) is pleased to… Read more >
Announcing NIS Sparta Partnership to Create Training Program
June 9, 2009 – Press Release
Unitus and NIS Sparta Partner to Create Microfinance Management Training Program Unitus and NIS Sparta Partner to Create Breakthrough Management Training Program to Support Next Generation of Microfinance Leaders Seattle, WA and New Delhi, India, 9 June 2009 — Unitus, Inc., an international nonprofit organization dedicated to reducing global poverty by accelerating access to microfinance,… Read more >
Ganesh Rengaswamy Joins Unitus
June 4, 2009 – Press Release
Ganesh Rengaswamy Joins Unitus as India Country Director Unitus Announces Ganesh Rengaswamy as India Country Director and Newest Member of Global Senior Management Team Seattle, WA and Bangalore, India, June 4, 2009 — Unitus, Inc., an international nonprofit dedicated to reducing global poverty by accelerating access to microfinance, is very pleased to welcome Ganesh Rengaswamy… Read more >