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The Venture Codex

Global Innovation Fund

8 Devonshire Square, London, EC2M 4PL, United Kingdom

Overview

The Global Innovation Fund is a non-profit innovation fund headquartered in London with an office in Washington D.C. that invests in the development, rigorous testing, and scaling of innovations targeted at improving the lives of the world’s poorest people. They believe that the best ideas for solving some of the world’s most critical problems can come from anyone, anywhere. Through their grants and risk capital, they help breakthrough solutions to global development challenges from for-profit firms, non-profit organisations, researchers, and government agencies to maximise their impact and affect meaningful change.

Total investments
7
Lead investments
3
Investments · 12mo
1
Active investors
6

Sector focus

  • Communities
  • Finance
  • Financial Services
  • Non Profit
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Investment portfolio

  • 4G Capital

    Led · Equity · Apr 2026

    4G Capital operates a lending model that combines digital tools with extensive in-person support to reach underserved micro-businesses. The company focuses on expanding credit access to the ‘‘missing middle’’ of small enterprises across Africa. Management says the business strengthens livelihoods and local economies by enabling greater access to finance. Following the GIF Growth investment, 4G Capital plans to scale credit to both new and existing clients. Public reporting does not disclose revenue, user counts, founding year, or prior funding details.

  • WhereIsMyTransport

    Participated · Series A · Feb 2020

    WhereIsMyTransport builds detailed maps of formal and informal public transport networks and uses that data to power consumer and enterprise journey-planning and analytics products. It licenses transport network data to governments, development finance institutions, NGOs, operators and third-party developers for research, analytics, insights and solutions. The company launched a consumer product, Rumbo, in Mexico that has more than 100,000 users and delivers over 750,000 real-time network alerts. WhereIsMyTransport has mapped 41 cities across 28 countries and has completed data projects in Mexico City, Lima, Bangkok, Gauteng and Dhaka, with an established presence in South Africa and Mexico. The team says it plans to launch Rumbo in Lima later this year. Clients include Johannesburg’s Gautrain, Transport for Cape Town, Google, the World Bank and WSP. WhereIsMyTransport specialises in mapping formal and informal public transport networks across emerging markets. Its integrated mobility API uses proprietary algorithms and features designed for the complex transit networks found in those cities. The company has mapped 34 cities in Africa, is mapping cities in India, Southeast Asia and Latin America, and its platform contains more than 750,000 km of routes in 39 cities. WhereIsMyTransport collects diverse transport data and turns it into usable information for planners, operators and commuters—summed up as making “the invisible visible.” The startup positions its products to address mobility challenges that disproportionately affect poor and fast-growing urban populations and to support social and economic development. The company plans further international expansion supported by new strategic investment and partnerships. WhereIsMyTransport collects and provides access to public transport data and offers journey-planning services via an open integrated mobility data platform. The firm aggregates data from more than 30 major cities, including Johannesburg, Cape Town and Durban. Originally founded in 2008 in Cape Town, the company relaunched in 2015 and now operates from Cape Town and London. It is expanding into India, Southeast Asia and Latin America, and carried out data collection in Mexico City last year. The company underwent staff retrenchments in late 2017 but described itself as being in an expansion stage; a March visit observed roughly 20–30 staff at work. Management did not disclose whether the company is generating revenue. As of this raise the firm has reported total funding of $5.8 million.

  • EM3 AgriServices

    Led · Series B · Aug 2017

    EM3 operates a farming-as-a-service (Faas) platform that enables owners of tractors, harvesters and other implements to rent out equipment to small, remote farmers on hourly or acreage pricing. The company is tech-enabled rather than purely app-based: it runs call centers and local field representatives to serve largely offline customers, while offering apps where appropriate. EM3 says it has worked with about 8,000 farms through 10 service centers, and has partnered with the Rajasthan government to expand reach. Founded in 2013 by Rohtash Mal and his son Adwitiya Mal (CEO), the team draws on Rohtash’s prior experience in agricultural machinery. The startup plans to expand into more regions, increase inventory, develop its tech and broaden its menu of services into adjacent farmer needs. Competition includes Gold Farm and Trringo (a Mahindra & Mahindra subsidiary). EM3 AgriServices is a Delhi-based company that provides pay-per-use agricultural machines and services to small-hold farmers. It operates a pay-for-use model and delivers a suite of basic and precision agri operations from soil to the farm gate under the Samadhan brand through its service centres. The company had been operating in Madhya Pradesh for over a year. With Aspada's investment, EM3 will create a pan-India network of service centres and invest in team building. The company also plans to strengthen its technology platform and enhance soil and chemistry research. Aspada described EM3's model as Farming-as-a-Service and said it could become India's first organised small-hold agricultural services platform at scale.

  • SwipeRx

    Participated · Series A · Feb 2017

    SwipeRx provides a digital community and all-in-one B2B commerce capability for pharmacy professionals, offering commerce solutions and specialized healthcare logistics. The company has built a presence across Indonesia, the Philippines, Vietnam, Malaysia, Thailand and Cambodia. SwipeRx has acquired more than 235,000 pharmacy professionals and 45,000 pharmacies across Southeast Asia to date. It employs a team of over 400 people. The company plans to use the new funding to accelerate growth across Southeast Asia, grow its network of pharmacies, expand specialized healthcare logistics to fulfil B2B commerce, accelerate technological innovation and recruit talent. Led by founder and CEO Farouk Meralli, SwipeRx focuses on scaling its commerce and logistics offerings for pharmacies. mClinica provides healthcare data in Southeast Asia by partnering with local pharmacies and capturing prescription, dispensing and purchase data through a pharmacy-facing app. The app offers pharmacies loyalty and discount programs, business tools and industry news while authenticating customers via mobile numbers; data is desensitized for privacy. mClinica is present in the Philippines, Indonesia and Vietnam and works with more than 5,000 pharmacies, giving a stated potential reach of 70 million patients. The collected data is compiled into reports sold to pharmaceutical companies and shared, sometimes free, with governments and NGOs for policy and outbreak detection. The company aims to expand its geographic footprint across Malaysia and Thailand in the near term, with Cambodia, Laos and Myanmar on its roadmap. mClinica plans to use new funding to grow reach through offline sales and advertising and digital channels such as Facebook.

  • Afrimarket

    Participated · Series B · Sep 2016

    Afrimarket operates an e-commerce and payment platform that lets users pay for goods and services on behalf of relatives in (mostly West) Africa, positioning itself as a modernized, secured alternative to remittances. The service is available in Ivory Coast, Senegal, Cameroon, Benin and Togo. The company was founded in 2013 and is based in Paris and Abidjan. Moroccan entrepreneur Rania Belkahia led the recent fundraising to grow the platform across its target markets. Afrimarket raised €10 million in a Series B round, bringing total investment to €13 million. Backers include development-focused funds and strategic investors alongside French tech angels.

Team

  • Alix Zwane

    Chief Executive Officer

    LinkedIn
  • Dianah Irungu

    LinkedIn
  • Shane Leonard

    Chief Financial Officer

    LinkedIn
  • Khuram Hussain

    Investment Director