Unitus Capital, an investment banking firm focussed on meeting the financing needs of impact entrepreneurs serving the bottom of the economic pyramid, has announced that it has crossed the $1 billion mark in raising funds.
Unitus Capital was launched in July 2008 and has helped over 50 impact businesses raise capital in the form of equity, debt and structured products across India, China, Philippines, Indonesia and Australia, across sectors including financial inclusion and microfinance, affordable healthcare, renewable energy, education and agriculture.
The company was launched with support from Unitus Labs, a global non-profit working to reduce global poverty, along with a committed group of shareholders, including: WEGA Support GmbH, Robert Gay (Co-founder and CEO of Huntsman-Gay Capital Partners and former Managing Director of Bain Capital), William S Price III (founding partner of Texas Pacific Group), Steven Funk (founder and chairman of Grand Marais Investments), and James Lee Sorenson (chairman, Sorenson Development Inc and Co-Founder, Sorenson Capital).
Over the past six years, Unitus Capital has added Geoff Woolley (CEO of Unitus Impact, and Co-Founder and Co-Chairman of Unitus Capital), Narayan Ramachandran (Chairman of InKlude Labs and Co-Chairman of Unitus Capital) and Bob Pattillo (Founder of Gray Matters Capital and one of the world's leading impact investors) as shareholders.
"The past six years have been an amazing and sometimes difficult journey. It has reaffirmed my faith in humanity to see our team's work rewarded in a big way by allowing our clients to scale to help millions of people who desperately need it," Eric Savage, Co-Founder and CEO of Unitus Capital said.
Unitus Capital is continuing to expand by diversifying its sector scope to include businesses focused on women's empowerment, and venturing into asset management along with participating as a General Partner in Unitus Impact's Livelihood Impact Fund which has a target corpus of close to $50 million.