Adobe Capital, the venture capital arm of impact investing firm New Ventures, is out to prove that the path to growth, and competitive venture returns, in Mexico runs through social ventures.
Adobe has raised $21 million in the first close of its second fund aimed at filling the “missing middle” financing gap for small and mid-sized social ventures in Mexico and Latin America. The fund aims to raise a total of $40 million.
“We wanted to prove that this kind of mechanism in developing countries is a good strategy for investors,” Rodrigo Villar, the founder and managing director of New Ventures, told ImpactAlpha.
“The market is moving fast,” says Villar. “The are a lot of new accelerators. Universities are taking action. Some parts of the government are getting involved.” With Adobe’s second fund, New Ventures has its own proof point for the potential for impact investing in Mexico.
Read the full article by Dennis Price about social ventures on ImpactAlpha
Interested in learning more about Impact Investing? Other readers at Giving Compass found the following articles helpful for impact giving related to Impact Investing.
Looking for a way to get involved?
If you are looking for opportunities to learn and connect with others interested in the topic of Impact Investing, take a look at these events, galas, conferences and volunteering opportunities aggregated by Giving Compass.
Are you ready to give?
In addition to learning and connecting with others, taking action is a key step towards becoming an impact giver. If you are interested in giving with impact for Impact Investing take a look at these Giving Funds, Charitable Organizations or Projects.