
Gray Matters Capital
Description
Gray Matters Capital (GMC) is an Atlanta-based impact investing firm with a clear mission to improve the lives of underserved populations, particularly women and girls, in developing countries. Their strategic focus is on leveraging market-based solutions to address critical social challenges across India and Sub-Saharan Africa. GMC operates with a distinct gender lens, actively seeking out enterprises that not only demonstrate strong potential for financial returns but also generate measurable social impact, aligning their investments with sustainable development goals.
The firm typically targets early-stage companies, spanning from seed to Series A rounds, that are developing innovative, technology-enabled solutions. Key sectors of interest include education, vocational training, and livelihoods, where their investments aim to empower individuals and communities. Gray Matters Capital is known for its hands-on approach, often providing strategic guidance and operational support to its portfolio companies beyond just capital injection, fostering their growth and scalability.
Gray Matters Capital's initial investment checks generally range from $250,000 to $1 million, reflecting their commitment to backing promising early-stage ventures. They also possess the capacity for follow-on investments, potentially deploying up to $2 million in total capital per company as businesses achieve significant milestones and demonstrate continued growth. Their diverse portfolio currently comprises over 30 companies across their target geographies, showcasing their broad reach and dedication to fostering a robust ecosystem of impact-driven enterprises that drive positive social change.
Investor Profile
Gray Matters Capital has backed more than 32 startups, with 1 new investments in the last 12 months alone. The firm has led 19 rounds, about 59% of its total and boasts 3 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in India, United States, Kenya.
- Strong thematic focus on Education, Health Care, E-Learning.
- Typical check size: $250K – $1M.
Stage Focus
- Seed (38%)
- Series A (25%)
- Series Unknown (19%)
- Pre Seed (9%)
- Series B (6%)
- Debt Financing (3%)
Country Focus
- India (59%)
- United States (28%)
- Kenya (6%)
- Ghana (3%)
- Nigeria (3%)
Industry Focus
- Education
- Health Care
- E-learning
- Financial Services
- Wellness
- Energy
- Manufacturing
- Renewable Energy
- Solar
- Finance
Frequently Asked Questions
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