LeapFrog Investments

LeapFrog Investments is a leading global impact investment firm that specializes in growth equity investments within emerging markets, primarily across Africa and Asia. The firm is recognized for its distinctive "profit with purpose" approach, aiming to deliver robust financial returns alongside significant social impact. LeapFrog focuses on companies that provide essential services such as financial inclusion, healthcare, and climate solutions to the emerging consumer segment.

Since its inception, LeapFrog has successfully raised substantial capital, with total client commitments exceeding $3 billion across its various funds. Their investment strategy targets high-growth businesses poised for significant scale, often reaching millions of previously underserved individuals. They typically invest in companies offering insurance, savings, credit, payments, and healthcare services, as well as those contributing to climate resilience and adaptation.

LeapFrog's investment approach involves taking significant minority or control stakes in their portfolio companies, actively partnering with management teams to drive both growth and impact. Their latest fund, LeapFrog Fund IV, closed with over $1 billion in commitments in 2023, demonstrating strong investor confidence in their unique model. Given the scale of their funds and their focus on growth equity, typical initial investments for LeapFrog range from approximately $25 million for promising growth-stage companies to upwards of $150 million for larger, more mature opportunities or lead positions in substantial funding rounds. This allows them to support companies through various stages of their expansion and market leadership.