They grew revenues on average at 59% in the last year. Welcome to new and returning investors, including Temasek, AIA, Prudential Financial, Eli Lilly and Company, IFC - International Finance Corporation, European Investment Bank (EIB), Van Lanschot Kempen and Ford Foundation.Īlready, Fund IV capital has backed fast-growing companies Redcliffe Labs, Sun King and bolttech – pioneers in healthcare, climate finance and digital insurance. Iconic global investors from diverse industries have backed the new LeapFrog Investments fund, pursuing top-tier returns and unparalleled impact. Thrilled to announce that the LeapTeam have raised hundreds of millions for Fund IV! We are targeting US$1 billion by leap-day 29 February 2024. #ProfitWithPurpose #ImpactInvesting #Climate #JustTransition It was especially inspiring to hear from the company leaders who are building such transformational products and services, a testament to the innovation and resilience that exemplify these global growth markets and entrepreneurs. Right now, our portfolio companies collectively serve 492 million emerging consumers (over 6% of the world's population), including 322 million who have less than $11 a day. LeapFrog backs companies that are driving a tech-enabled revolution in delivering financial services, healthcare, and climate solutions for hundreds of millions of consumers globally. I continue to believe that attracting private capital -through profitable investments- is the most powerful way of addressing this challenge.ģ. If we want to support low carbon pathways for the rapid economic growth of Africa, India and South-East Asia it will be key to address the investment gap between developed and emerging markets, and unlock the trillions of dollars needed to drive the green transition in these markets. For example, lack of access to power or at best, access only to very high cost energy, breaks the connection of many emerging consumers to the formal economy. The climate crisis is a striking example of the disproportionate impact on vulnerable people. There is a window of opportunity and urgency, and we must collectively act now to help deliver a Just Transition.Ģ. In a multi-crisis world where volatility disproportionately affects vulnerable people- and in particular those earning less than $11 a day, it is even more urgent to mobilise private and public capital at scale and direct it towards where it is most needed. My key reflections from the conversations:ġ. Patrick Walsh from Sun King, and Tushar Vashisht from HealthifyMe, as well as Andrew Kuper and all of our partners. This included Canadian International Development Minister Ahmed Hussen (who was a Somalian refugee to Canada), Benoit Valentin and Steve Howard from Temasek, Andrea Kaufman Head of Sustainable investing from PGIM, Mark Konyn - Group CIO of AIA, Henrik Lundin, CIO at IMAS Foundation (one of Ikea's foundations with with a mission to create long-term returns on financial assets by incorporating responsibility and sustainability considerations into all investment decisions), T. It was great to hear directly from some of our portfolio company CEOs, investors, international development leaders and climate experts. I had a terrific and energising couple of days with our ecosystem of investors, companies, partners and our LeapFrog Investments team for LEAP23, our annual investor conference, earlier this week in London. Special thanks to Shradha Sharma for moderating the discussion and providing such a constructive platform for tech leaders to share and learn.LeapFrog Investments - investing in businesses to serve the emerging consumer in Africa, India and Southeast Asia. I strongly believe that GenAI has the power to augment human abilities, allowing us to amplify the capability of our coaches a 100 times! This technology is allowing us to dream big as we aim for our mission of "Healthifying a Billion." Conversational AI is not just a feature it's an integral part of the user experience, and GenAI enables us to deliver it seamlessly. We're harnessing this transformative technology to bridge language and culture gaps, both at global and local levels. Imagine the potential it has for revolutionizing personalized health and nutrition!Īt HealthifyMe, we're pushing the boundaries of what's possible with Generative AI (GenAI). The system can identify Indian food items directly from your phone's camera gallery to automate nutrition tracking. It is built on top of AI Models that are tuned to recognize a multitude of Indian foods. Our AI-driven food recognition system is a game-changer. Thrilled to have been a part of TechSparks 2023's panel discussion on "Turning the promise of AI into Business Value." The insights shared by fellow panelists Chintan Shah and Anshoo Sharma were truly enriching.
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