Pioneers Post
social investment
  • strict warning: Declaration of context_condition_path::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_path.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.155' for table 'cache_content' query: UPDATE cache_content SET data = 'a:10:{s:10:\"field_date\";a:1:{i:0;a:4:{s:5:\"value\";s:19:\"2012-11-21T00:00:00\";s:8:\"timezone\";s:13:\"Europe/London\";s:11:\"timezone_db\";s:13:\"Europe/London\";s:9:\"date_type\";s:4:\"date\";}}s:12:\"field_source\";a:1:{i:0;a:1:{s:3:\"nid\";N;}}s:17:\"field_story_img_1\";a:1:{i:0;a:10:{s:3:\"fid\";s:4:\"4272\";s:4:\"list\";s:1:\"1\";s:4:\"data\";a:2:{s:3:\"alt\";s:20:\"picture of a pyramid\";s:5:\"title\";s:0:\"\";}s:3:\"uid\";s:1:\"8\";s:8:\"filename\";s:15:\"pyramid pic.jpg\";s:8:\"filepath\";s:59:\"sites/default/files/images/stories/images_1/pyramid pic.jpg\";s:8:\"filemime\";s:10:\"image/jpeg\";s:8:\"filesize\";s:6:\"220381\";s:6:\"status\";s:1:\"1\";s:9:\"timestamp\";s:10:\"1353633623\";}}s:25:\"field_story_img_1_caption\";a:1:{i:0;a:2:{s:5:\"value\";N;s:6:\"format\";N;}}s:27:\"field_story_img_1_in_teaser\";a:1:{i:0;a:1:{s:5:\"value\";s:1:\"1\";}}s:16:\"field_story_lead\";a:1:{i:0;a:2:{s:5:\"value\";N;s:6:\"format\";N;}}s:17:\"field_story_quote\";a:1:{i:0;a:2:{s:5:\"value\";N;s:6:\"format\";N;}}s:18:\"field_story_teaser\";a:1:{i:0;a:2:{s:5:\"value\";s:101:\"<p>Fund to offer long-term financing for SMEs and start-ups serving the Base of the Pyramid (BoP)</p>\";s:6:\"format\";s:1:\"2\";}}s:25:\"field_story_related_nodes\";a:1:{i:0;a:1:{s:3:\"nid\";N;}}s:17:\"field_story_files\";a:1:{i:0;N;}}', created = 1475354245, expire = 0, headers = '', serialized = 1 WHERE cid = 'content:10291:21041' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of rules_data_type_string::get_default_input_form() should be compatible with rules_data_type::get_default_input_form($variable_info, $value, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/rules/rules/modules/rules.rules.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.155' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>The <a href=\"http://www5.iadb.org/mif/\">Multilateral Investment Fund</a> (MIF), a member of the Inter-American Development Bank Group, will make a $4m <a href=\"http://www.iadb.org/en/projects/project-description-title,1303.html?id=BR-M1112\">equity investment</a> in Vox Capital Impact Investing Fund I, a Brazilian venture capital fund that will provide long-term financing and value-added advice to up to 10 small and medium-sized enterprises and up to 12 start-up companies.</p>\n<p>The fund will target companies with profitable business models that offer high-quality goods and services to poor and low-income populations, a segment also known as the Base of the Pyramid (BoP).</p>\n<p>It will operate primarily in the education, health, financial service and housing sectors.</p>\n<p>Vox Capital Impact Investing Fund will be the first venture capital fund in Brazil focused on th needs of the BoP population.</p>\n<p>Through the fund&rsquo;s investment strategy, operator Vox Capital aims not only to invest in individual companies but to &lsquo;support the development of an ecosystem of companies that will meet the needs of BoP populations&rsquo;.</p>\n<p>It will target SMEs that address bottlenecks in the provision of goods and services to the BoP, and that have proven business models with annual revenues in the range of $500,000 to $7.5m at the time of investment. The fund will also target start-ups with high potential for growth.</p>\n<p>With an extensive track record investing in <a href=\"http://www5.iadb.org/mif/Projects/AccesstoFinance/EarlyStageEquity/tabid/445/language/en-US/Default.aspx\">seed and venture capital funds</a> in Brazil and other Latin America and Caribbean countries, the MIF will add value to the new fund&rsquo;s managers by providing know-how, facilitating access to a network of practitioners and potential partners, and promoting the use of international best practices, environmental and social standards in the fund&rsquo;s corporate governance.</p>\n<p>The MIF&rsquo;s experience in investing and participating in investment, advisory and technical committees of other BoP funds in the region, such as IGNIA in Mexico and Inversor in Colombia, will be key to the transfer of knowledge and lessons learned, helping this fund shorten its learning curve.</p>\n<p>By supporting the first BoP fund in Brazil, the MIF expects to raise awareness about the need to invest in sustainable companies that can provide profitability while focusing on the BoP population as clients, consumers, and service providers.</p>\n', created = 1475354245, expire = 1475440645, headers = '', serialized = 0 WHERE cid = '2:1473b46366e1ab467ac8a0d7ba8aefbb' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.155' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>Fund to offer long-term financing for SMEs and start-ups serving the Base of the Pyramid (BoP)</p>\n', created = 1475354245, expire = 1475440645, headers = '', serialized = 0 WHERE cid = '2:fa46fc55fcca27581a760bc8fcdc5965' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of context_condition_node::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_node.inc on line 0.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 255.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 260.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 261.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 255.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 260.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 261.
  • strict warning: Declaration of context_condition_menu::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_menu.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.155' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links::tree-data:5d6d3aaaaef5fba302ce62698fa37bbe', created = 1475354245, expire = 0, headers = '', serialized = 0 WHERE cid = 'links::page-cid:node/10291:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of context_reaction_debug::options_form() should be compatible with context_reaction::options_form($context) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_reaction_debug.inc on line 0.
  • strict warning: Declaration of context_reaction_block::execute() should be compatible with context_reaction::execute() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_reaction_block.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter.inc on line 0.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter.inc on line 0.
  • strict warning: Declaration of views_handler_filter_boolean_operator::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter_boolean_operator.inc on line 0.
  • strict warning: Declaration of views_handler_filter_term_node_tid::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/modules/taxonomy/views_handler_filter_term_node_tid.inc on line 0.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 0.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_row.inc on line 0.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_row.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_argument.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.155' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:menu-common-staff-task:tree-data:eb9e658f729183f594e8315d743be9ac', created = 1475354246, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:menu-common-staff-task:page-cid:node/10291:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.155' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:primary-links:tree-data:ec9d1f244fad5ced3f9540e6663a5870', created = 1475354246, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:primary-links:page-cid:node/10291:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of date_handler_field_multiple::options() should be compatible with views_object::options() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date_handler_field_multiple.inc on line 0.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.155' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:menu-info:tree-data:57b24e4b72c4f4db84bd93dd0a2a4fb0', created = 1475354246, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:menu-info:page-cid:node/10291:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.155' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:menu-services:tree-data:341a054f1ea1f368661d566821f7b278', created = 1475354246, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:menu-services:page-cid:node/10291:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.155' for table 'cache_menu' query: UPDATE cache_menu SET data = 'links:menu-footer-menu:tree-data:40812f47fac677eccd4c786f4214339a', created = 1475354246, expire = 0, headers = '', serialized = 0 WHERE cid = 'links:menu-footer-menu:page-cid:node/10291:1' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.

Brazil’s Vox Capital impact investing fund gets $4m equity investment from MIF

21 November 2012
picture of a pyramid

The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, will make a $4m equity investment in Vox Capital Impact Investing Fund I, a Brazilian venture capital fund that will provide long-term financing and value-added advice to up to 10 small and medium-sized enterprises and up to 12 start-up companies.

The fund will target companies with profitable business models that offer high-quality goods and services to poor and low-income populations, a segment also known as the Base of the Pyramid (BoP).

It will operate primarily in the education, health, financial service and housing sectors.

Vox Capital Impact Investing Fund will be the first venture capital fund in Brazil focused on th needs of the BoP population.

Through the fund’s investment strategy, operator Vox Capital aims not only to invest in individual companies but to ‘support the development of an ecosystem of companies that will meet the needs of BoP populations’.

It will target SMEs that address bottlenecks in the provision of goods and services to the BoP, and that have proven business models with annual revenues in the range of $500,000 to $7.5m at the time of investment. The fund will also target start-ups with high potential for growth.

With an extensive track record investing in seed and venture capital funds in Brazil and other Latin America and Caribbean countries, the MIF will add value to the new fund’s managers by providing know-how, facilitating access to a network of practitioners and potential partners, and promoting the use of international best practices, environmental and social standards in the fund’s corporate governance.

The MIF’s experience in investing and participating in investment, advisory and technical committees of other BoP funds in the region, such as IGNIA in Mexico and Inversor in Colombia, will be key to the transfer of knowledge and lessons learned, helping this fund shorten its learning curve.

By supporting the first BoP fund in Brazil, the MIF expects to raise awareness about the need to invest in sustainable companies that can provide profitability while focusing on the BoP population as clients, consumers, and service providers.