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Based in Atlanta Gray Matters Capital (GMC) announced an investment in the RedBird Health Tech of Ghana through its portfolio GMC coLABS . The American gender-focused impact investor whose mission is to provide "an education leading to a more intentional life for 100 million women in the world by 2036" seeks to advance and to cover new areas with this latest investment (which will be the second in Africa after an initial investment in a renewable energy distributor based in Rwanda, ARED in 2017.
The portfolio of 39, investment, GMC coLABS, aims to invest in innovative and scalable solutions.Enjoy social enterprises that have the potential to make improvements in the lives of women and girls around the world. RedBird is expected to benefit from this investment as part of the CoLABS portfolio's commitment to inject up to $ 5 million into social businesses of this nature over the next three years.
RedBir d Health Tech, recipient company distributing diagnostics. The Ghana-based startup seeks to make health care easily accessible to people living in various parts of the West African nation through community pharmacies. It is also supposed to provide some medical surveillance services that involve counseling, diagnosis and prognosis;
RedBird also has provisions that allow pharmacies to expand their business and give patients, especially those who are pregnant and who have chronic diseases, a more effective way of keeping a pharmacist. eye on the state of health. their health and obtain ideal medical solutions to some of their disabilities without having to go through the hbadle of losing a whole day to travel and wait in overcrowded medical centers.
The latest investment of the US impact investor is expected to growth of the Ghanaian start-up and its plans for expansion that are currently in the pipeline. As pointed out Patrick Beattie, CEO of RedBird Health Tech, "we are extremely excited to incorporate GMC coLABS into the RedBird team. Through the investment of GMC coLABS, as well as their expertise to help organizations like ours to grow, we will be able to expand our customer base in Accra and beyond. Having already established a partnership with two pharmacies in the Accra region. The latest investment, RedBird is now looking at the scale of 30 additional community pharmacies over the next three months with the new capital injection.
"We are committed to investing in businesses that have a positive impact on women's lives," said Jennifer Soltis. , Portfolio Manager – CoLABS, Gray Matters Capital. Asked about the growing interest of the company for the African continent, she revealed more; "We are encouraged by the talent of the current generation of African social entrepreneurs we meet, who are working to overcome the critical hurdles that affect women with their innovative solutions. We look forward to deepening our portfolio presence on the continent, and we plan to allocate a percentage of our $ 5 million to social businesses in Africa over the next three years. "
Social entrepreneurs in Africa are invited to [19659002] submit applications for the next round of funding of GMC coLABS, which aims to fund six new businesses every six months and to invest up to $ 250,000 per business The deadline for submitting applications is September 15, 2018.
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