Overview

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Status
Venture Capital Arm of
Investments
25 Investments in 22 Companies
Founders:
Headquarters:
Washington, District of Columbia
Categories:
Impact Investing, Financial Services, FinTech
Description:
Accion Venture Lab is an investment initiative that provides startups with seed capital and support.
Website:
http://www.accion.org/venturelab
Social:

Investor Details

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Venture Lab is an investment initiative that provides patient seed capital and support to innovative financial inclusion start-ups, fostering experimentation and promoting business models that improve financial access for people living in poverty worldwide.

Since these start-ups traditionally lack access to capital and assistance, Venture Lab provides flexible financial and non-financial support to suit the needs of each investee enterprise, as follows: - Investment: We will typically invest U.S. $100,000 to $500,000 in equity or quasi-equity instruments, depending on the circumstances. We welcome opportunities to co-invest with like-minded investors and bring others to the table, particularly for later-stage investment into portfolio companies. - Support: Venture Lab prefers to be an active investor and bring to bear the people and resources of the global Accion network to maximize the chance of success. In addition to day-to-day support from the Venture Lab team, investee companies may get connected to Accion’s in-house technical experts (technology, risk management, etc.), microfinance teams and customers from partner institutions around the world, and the global banking and investing community.

DateInvested InRoundPartner(s)
Dec, 2015$3M / Venture
Dec, 2015undisclosed amount / Seed
Aug, 2015undisclosed amount / Seed
Jun, 2015$2.5M / Seed
Jun, 2015$2.5M / Series A
Jun, 2015undisclosed amount / Venture
Apr, 2015undisclosed amount / Seed
Mar, 2015$500k / Series A (Lead)
Feb, 2015$1M / Venture
Jan, 2015undisclosed amount / Seed
Dec, 2014undisclosed amount / Convertible Note
Jun, 2014undisclosed amount / Seed
May, 2014$900k / Seed
May, 2014undisclosed amount / Seed
Jan, 2014undisclosed amount / Seed
Dec, 2013undisclosed amount / Seed
Sep, 2013undisclosed amount / Seed
Aug, 2013undisclosed amount / Seed
May, 2013$1.5M / Seed
May, 2013undisclosed amount / Seed
May, 2013$640k / Seed
May, 2013undisclosed amount / Series A (Lead)
Aug, 2012undisclosed amount / Series A (Lead)
Aug, 2012undisclosed amount / Series A
May, 2012undisclosed amount / Seed

Current Team (4)

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Offices/Locations (2)

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  • Accion Headquarters

    56 Roland Street

    Suite 300

    Boston, MA 02129

    USA

  • Accion Venture Lab

    1101 15th St. NW Suite 400

    Washington, District of Columbia 20001

    United States

Past Team (4)

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