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June 26, 2013

Deal Alert: Gray Matters Capital invests in Unitus Capital

Bangalore-based impact investment bank Unitus Capital has raised capital from a consortium of investors led by social venture capital firm Gray Matters Capital. The proceeds from the second round of institutional funding will be used by Unitus to expand operations in India and South-East Asia. Unitus works across sectors including microfinance, renewable energy and healthcare and education. Gray Matters Capital participated in the capital raising round through its investment firm First Light Ventures.

In 2008, Unitus Capital had raised $5.5 million (Rs. 32.8 crore). It also counts William S Price, the founding partner of PE firm TPG, and Steven Funk, founder and chairman of real estate-focused Grand Marais Investments, as its investors.

Source: Economic Times

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