Loading organizations...
§ Non Profit · 40 Worth Street Suite 303 New York, New York 10013, USA
Global non-profit impact investor tackling poverty via patient capital investments in social enterprises for low-income communities.
Acumen has raised $7.0M across 1 funding round.
Key people at Acumen.
Acumen has raised $7.0M in total across 1 funding round.
Acumen is a New York City-based non-profit impact investment organization that provides patient capital to early-stage social enterprises delivering essential goods and services to low-income communities. The firm utilizes philanthropic funding to make equity and debt investments across the agriculture, clean energy, healthcare, and education sectors in emerging markets and the United States. To date, the organization has invested over $150 million into more than 160 companies, which have collectively reached an estimated 400 million individuals globally. Recent capital deployments include a $250 million blended finance initiative for clean energy in Sub-Saharan Africa and the $58 million Acumen Resilient Agriculture Fund. The organization receives backing from the Bill & Melinda Gates Foundation and the Rockefeller Foundation to support a portfolio that includes d.light, Husk Power Systems, and Everytable. Acumen was founded in 2001 by Jacqueline Novogratz.
Key people at Acumen.
Acumen has raised $7.0M in total across 1 funding round.
Acumen's investors include 10D, Crescendo Venture Partners, Hetz Ventures, Jibe Ventures.
Acumen is a U.S.-based non-profit impact investment fund that uses patient capital to invest in social enterprises serving low-income individuals, primarily in developing regions. Its mission is to break the cycle of poverty by supporting businesses that deliver essential goods and services such as off-grid renewable energy, climate-resilient agriculture, dignified jobs, quality education, and health solutions. Acumen’s investment philosophy centers on deploying philanthropic capital with a long-term horizon (7–12 years) to achieve social impact alongside modest financial returns, typically aiming for a 1x return to reinvest in further ventures. The firm has impacted over 700 million lives globally by backing early-stage enterprises that address poverty-related challenges, particularly in Africa, South Asia, Latin America, and the U.S.[1][3][6][7]
Acumen was founded in 2001 by Jacqueline Novogratz, a social innovator with a vision to apply business acumen and patient capital to poverty alleviation. Seed funding came from the Rockefeller Foundation, Cisco Systems Foundation, and other philanthropists. Novogratz’s approach was radical at the time—investing in for-profit social enterprises that treat the poor as customers rather than charity recipients. Over time, Acumen evolved to include Acumen Capital Partners LLC (established in 2014), which manages impact-focused venture and blended finance funds to scale proven models. The firm’s evolution reflects a growing focus on climate resilience and economic justice, with recent initiatives supporting subsistence farmers adapting to climate change through a $300 million fund launched in 2024.[1][2][7]
Acumen rides the growing global trend of impact investing and social entrepreneurship, particularly at the intersection of climate change and poverty alleviation. The timing is critical as climate resilience and sustainable development have become urgent priorities worldwide. Market forces such as increasing demand for clean energy, sustainable agriculture, and inclusive economic growth favor Acumen’s investment thesis. By providing patient capital and operational support, Acumen helps bridge the funding gap for early-stage social enterprises in challenging markets, thereby catalyzing innovation and scaling solutions that traditional venture capital often overlooks. This influence extends to shaping the broader ecosystem by demonstrating that financial returns and social impact can coexist.[1][3][6]
Looking ahead, Acumen is positioned to deepen its impact by expanding climate adaptation investments, particularly for subsistence farmers in vulnerable regions, with a $300 million fund and plans to mobilize up to $1.5 billion by 2025. Trends such as climate change, digital inclusion, and sustainable development will shape its journey. Acumen’s influence is likely to grow as it continues to pioneer patient capital models and build a global community of entrepreneurs and investors committed to systemic poverty solutions. Its ongoing evolution underscores a commitment to scaling impact through innovative finance and leadership development, reinforcing its role as a catalyst for transformative social change.[1][7]
Acumen has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in February 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 24, 2021 | $7M Seed | — | 10D, Crescendo Venture Partners, Hetz Ventures, Jibe Ventures | Announced |
