Acumen logo

Acumen

North America, New York, United States, New York

Description

Acumen, founded in 2001, stands as a pioneering non-profit venture fund committed to tackling global poverty through market-based solutions. Operating on the principle of "patient capital," Acumen invests in early-stage social enterprises that aim to serve low-income communities with essential goods and services. Its unique model blends philanthropic support with venture capital principles, seeking both social impact and financial sustainability from its portfolio companies. This approach allows it to support businesses that might be overlooked by traditional investors due to perceived higher risks or longer payback periods, focusing instead on long-term societal benefit.

The organization's investment strategy is highly focused on critical sectors such as agriculture, energy, health, education, financial inclusion, and water. Acumen primarily deploys capital across developing regions, including East and West Africa, India, Pakistan, and Latin America, with some activity in the US. Since its inception, Acumen has deployed over $150 million into 167 companies, demonstrating a significant commitment to fostering innovative solutions in underserved markets. Its global presence and deep understanding of local contexts enable it to identify and nurture enterprises with the potential for scalable impact.

Acumen typically provides initial investments ranging from $500,000 to $2.5 million. These investments are characterized by their long-term horizon, recognizing that building sustainable social enterprises in challenging environments requires time and flexible capital. The fund's due diligence process emphasizes not only the business model's viability but also its potential for deep, systemic social impact, aiming to improve the lives of millions by providing access to vital services and opportunities. Beyond capital, Acumen also provides strategic support and access to its global network, further empowering its portfolio companies to achieve their social missions.

Investor Profile

Acumen has backed more than 140 startups, with 8 new investments in the last 12 months alone. The firm has led 79 rounds, about 56% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States, India, Kenya.
  • Strong thematic focus on Agriculture, Energy, Health Care.
  • Led 5 rounds in the past year.
  • Typical check size: $500K – $2.5M.

Stage Focus

  • Seed (33%)
  • Series Unknown (32%)
  • Series A (14%)
  • Debt Financing (9%)
  • Series B (5%)
  • Pre Seed (2%)
  • Grant (2%)
  • Series C (2%)
  • Convertible Note (1%)

Country Focus

  • United States (31%)
  • India (26%)
  • Kenya (11%)
  • Pakistan (6%)
  • Colombia (4%)
  • Ghana (3%)
  • United Kingdom (3%)
  • Nigeria (2%)
  • Sierra Leone (2%)
  • Mauritius (2%)

Industry Focus

  • Agriculture
  • Energy
  • Health Care
  • Financial Services
  • Solar
  • Renewable Energy
  • Manufacturing
  • Fintech
  • Education
  • Farming
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Acumen frequently co-invest with?

TotalEnergies Ventures
Europe, Ile-de-France, France, La Défense
Co-Investments: 3
Nexus Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 4
Blue Haven Initiative
North America, Massachusetts, United States, Cambridge
Co-Investments: 3
Garage Technology Ventures
North America, California, United States, Palo Alto
Co-Investments: 4
Impact Engine
North America, Illinois, United States, Chicago
Co-Investments: 4
Kapor Capital
North America, California, United States, Oakland
Co-Investments: 4
AA
North America, New York, United States, New York
Co-Investments: 16
Gray Matters Capital
North America, Georgia, United States, Atlanta
Co-Investments: 3
Investisseurs & Partenaires
Europe, Ile-de-France, France, Paris
Co-Investments: 4
Omidyar Network
North America, California, United States, Redwood City
Co-Investments: 5

Which angels does Acumen often collaborate with?

KT
North America, California, United States, Oakland
Shared Deals: 1
AP
North America, California, United States, Los Angeles
Shared Deals: 1
MS
North America, California, United States, Los Angeles
Shared Deals: 1
SC
Asia, Maharashtra, India, Mumbai
Shared Deals: 2
RH
North America, California, United States, Los Gatos
Shared Deals: 1
ET
North America, California, United States
Shared Deals: 1
MS
North America, California, United States, Oakland
Shared Deals: 1
AH
North America, California, United States, Los Angeles
Shared Deals: 1
KM
North America, Colorado, United States, Denver
Shared Deals: 1
MC
North America, Texas, United States, Dallas
Shared Deals: 1

What are some of recent deals done by Acumen?

Wami Agro

Accra, Greater Accra, Ghana

An agri-tech company partnering with smallholder farmers to grow, aggregate, and sell diverse agricultural produce in Ghana and beyond.

AgricultureAgTech
SeedFeb 10, 2025
BioMassters

Kigali, Butare, Rwanda

BioMassters develop a low-carbon pellet cooking value chain by scaling the most customer-centric, climate friendly cooking company.

Biomass EnergyCookingManufacturing
Series UnknownDec 2, 2024
Raino Tech4Impact

Westlands, Nairobi Area, Kenya

Raino Tech4Impact is a social enterprise that leveraging technology

EnterpriseSocial
GrantNov 18, 2024
Amount Raised: $1,210,000
Reema Health

Minneapolis, Minnesota, United States

Reema Health is a technology startup transforming how people navigate the gaps between health care and social care.

Health CareSocialSoftware
Series AOct 10, 2024
Amount Raised: $7,500,000
Suma Wealth

Los Angeles, California, United States

Suma Wealth is a FinTech company with the mission to engage, educate, and empower the Latinx community.

FinanceFinancial ServicesFinTech
SeedOct 5, 2024
Amount Raised: $1,833,700
Yellow

Port Louis, Port Louis, Mauritius

Yellow is a fintech company providing life-changing products and services to rural households through a distributed sales network.

Financial ServicesFinTechMobileMobile Payments
Debt FinancingSep 25, 2024
Amount Raised: $2,000,000
RDG Collective

Lusaka, NA - Zambia, Zambia

Designing, manufacturing, financing, and distributing Pay-As-You-Go products to off-grid communities in Sub-Saharan Africa

Manufacturing
Debt FinancingSep 19, 2024
Amount Raised: $1,250,000
Oorja Development Solutions

New Delhi, Delhi, India

Oorja Development Solutions is a purpose-driven project developer and technology integrator of decentralized renewable energy systems

AgricultureFarmingRenewable Energy
SeedAug 1, 2024
Amount Raised: $1,200,000
SunCulture

Nairobi, Nairobi Area, Kenya

SunCulture develops & commercializes life-changing technology to solve the biggest daily challenges for the world's smallholder farmers

AgricultureFarmingSolar
Series BApr 2, 2024
Amount Raised: $27,500,000
Ampersand

Kicukiro, Kigali, Rwanda

Ampersand is the e-mobility energy provider for millions of motorbike taxis.

AutomotiveElectric VehicleEmerging MarketsEnergyTransportation
Series UnknownDec 21, 2023
Amount Raised: $12,000,000