Omidyar Network & GDI on Impact Investing
This report by the Omidyar Network and the Global Development Incubator conducted a study with 50+ fund managers, fieldbuilders, and other intermediaries to detail the size of the market for SGB investments, existing debt and equity structures and products, progress by local and international investors, and success factors.
The focus of this report is on Frontier/Frontier+ businesses. These are for profit companies serving customers that make between $2-8/day; are still in early stages (pre revenue or <$1M rev), and operating in underdeveloped capital markets; F+ businesses are typically more asset intensive. Of the $85-90 Billion in annual flow to impact investments globally, the approximate annual flow of debt and quasi equity financing for F/F+ med-to-high growth companies is $0.5-1B in early stage ($50K-$1M average deal size) and $1.5-3B in early venture stage ($1-3M average deal size). The majority of investment flows for F/F+ segments is going into East Africa, India and SE Asia (~90%) and clean energy and financial services (~70%).
View full report here.