Posted on May 09, 2012
The Intellecap Impact Investment Network ('I3N'), India's first network of angel investors focused on investments with high social impact announced the signing of a new partnership agreement with global impact investor network Toniic.
I3N aims to facilitate investments in early stage enterprises that generate financial returns while demonstrating a social and/or environmental impact. Currently there are few avenues in India for pre-venture capital funding and capacity building for these enterprises. I3N is addressing this gap by creating a strong community of experienced angel investors that can invest in, and provide support to young entrepreneurs and enterprises in high impact sectors such as agriculture, healthcare, education, clean energy, financial inclusion, and rural businesses. I3N has over 20 members comprising high net worth individuals as well as institutional funds that will collaborate to co-invest in these social enterprises. To date, I3N has presented over 15 opportunities to its network members, and is currently facilitating its first set of investments.
I3N has entered into a partnership agreement with Toniic, a San Francisco based global impact investment network. Toniic is committed to expanding funding opportunities for highly impactful, small and growing businesses around the world. Toniic is further dedicated to increasing the velocity at which capital flows into global social enterprise and is eager to build strong partnerships that provide a rich pipeline of opportunities and foster co-investment with local investors. Toniic leads a global network of over 40 HNIs and institutional members seeking to place USD 100Mn in global social enterprises. To date, Toniic members have invested in 18 deals across India, Africa, Latin America and the US.
Impact investment today is increasingly being seen as an emerging asset class. In the past 7-8 years, India has witnessed over USD 140Mn* invested in social enterprises, and over USD 400Mn - USD 1000Bn of impact investment is expected worldwide in the next 10 years**. Social enterprises in emerging economies are today at the forefront of driving inclusive growth. These enterprises aim to provide high quality and innovative affordable goods and services to the underserved, thus creating social and environmental benefits while making an appropriate financial return. Impact investors such as those that comprise I3N and Toniic invest in social enterprises with equity and other forms of patient capital to help these young companies reach poor and low-income people and grow into sizeable enterprises with large scale societal impact.
Prachi Mathur, I3N lead at Intellecap stated: "Through this partnership, Toniic and I3N will work together to achieve their shared goal of catalyzing impact investments in double/triple bottom-line business. The networks will now regularly share information about potential investment opportunities and encourage their members to co-invest. We are very excited about working with Toniic to expand their footprint in India and about giving our enterprises exposure and access to the global capital that Toniic members offer. We also look forward to leveraging Toniic's experience and insights in successfully running an impact investment network."
Charly Kleissner, co-founder of Toniic and successful Silicon Valley entrepreneur said, "Having been an active impact investor in India over the past few years, I have recently witnessed a tremendous uptick in interest in impact investing - particularly from successful Indian entrepreneurs. Intellecap's Impact Investment Network is acting as a catalyst for this new wave of impact investors; Toniic members are looking forward to collaboration with I3N's members and to syndication of global capital into India."
*$140Mn impact investments in India by 2010 - quoted by Outlook Business
**Potential of impact investment industry in the next 10 years - quoted in the report Investing for Social and Environmental Impact by the Monitor Institute
NOTES FOR EDITORS
About Intellecap Impact Investment Network (I3N)
The Intellecap Impact Investment Network (I-cube-N or I3N) is India's first angel investment network that will make early stage investments in double bottom line for-profit enterprises that provide an attractive financial return on investment along with a positive social / environmental impact. The I3N network aims to create a group of angel investors that are committed to and further the cause of impact investing. I3N members are prominent individual and institutional investors. I3N uses its feet-on-the-ground and initiatives such as theSankalp Forum to bring to its members a rich and carefully vetted deal pipeline focusing on early stage impact enterprises.
Intellecap is a pioneer in providing innovative business solutions that help build and scale profitable and sustainable enterprises dedicated to social and environmental change. The company is uniquely positioned at the intersection of social and commercial business to attract and nurture intellectual capital that combines the business training of the commercial world with the passion and commitment of the social world. Intellecap's clients include a broad range of enterprises, investors, development finance institutions, foundations, and private sector corporations.
From solar chargers in Africa to health clinics in India, Toniic is contributing to a global economy that supports people, planet and profit. Toniic is an international impact investor network promoting a sustainable global economy through investment opportunity curation and critical expertise. It discovers, nurtures and invests in entrepreneurs, enterprises and funds addressing the fundamental needs of people and planet.
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