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Acumen

Acumen

Investment Management

New York, New York 124,219 followers

Solving the problems of poverty and building a world based on dignity.

About us

Acumen is solving the problems of poverty and building a world based on dignity.

Website
https://go.acumen.org/linkedin
Industry
Investment Management
Company size
51-200 employees
Headquarters
New York, New York
Type
Nonprofit
Founded
2001
Specialties
non-profit, poverty, social enterprise, impact investing, development, leadership, venture capital, private equity, base of the pyramid, bottom of the pyramid, social entrepreneurship, international development, climate change, Climate Adaptation, clean energy, agriculture, and education

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Employees at Acumen

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  • View organization page for Acumen

    124,219 followers

    In many places, the conversation about AI has already moved past potential, it's being used to solve real problems. Raj Kumar captures this well. We're seeing it at Acumen too, with entrepreneurs across our community deploying AI-powered tools to tackle poverty in practical, grounded ways.

    View profile for Raj Kumar
    Raj Kumar Raj Kumar is an Influencer

    The development sector has a reflex: study, pilot, evaluate, scale - slowly. AI is not respecting that sequence. Some of the most consequential innovations I'm seeing right now are in Lagos and Jakarta - and by entrepreneurs solving problems that Silicon Valley never has. Here's what's different this time. Past technology waves gave the development sector reasons to wait: cost, connectivity, complexity. AI has totally dismantled those roadblocks. Open-source tools. Feature phones. Large language models that cost almost nothing to run. Real capability is now in the hands of social entrepreneurs across emerging markets (...and at a fraction of what it cost even 5 years ago). I saw the evidence at a recent Tencent / Devex roundtable. I went in expecting some debate about potential. All examples on the table were already operational - some familiar, others I hadn't tracked. Dowson Tong, who runs Tencent’s AI and cloud business, kicked us off with a sense of the potential scale: he’s already scaling AI to over a billion users. That same drive is showing up across the development and humanitarian sector. Take UNHCR's Digital Gateway. It already lets refugees book health appointments and enroll kids in school on their own. With global displacement at a record 123 million people, deputy high commissioner Kelly T. Clements called it "a game changer" for reaching refugees "faster and better in more locations." The private sector appetite for this is outpacing even its own assumptions. Prosus (the global tech investment companies behind major emerging market platforms) ran their Tech FoundHER Africa Challenge and were flooded with 1,110+ applications from women entrepreneurs already using AI to tackle local problems, from farming to mental health. Prajna Khanna, who directs sustainability strategy across the company, said the response "was really blowing our assumptions away about the penetration of AI, and the use of AI, and adoption of AI in Africa." Jacqueline Novogratz, who has spent 2 decades reshaping how the sector thinks about entrepreneurship and poverty through Acumen, is seeing the same thing. A recent piece of theirs said it well: "entrepreneurs in Africa are building AI solutions unlike anyone else." Look, I'm personally optimistic AI can make some real dents in global inequities. And that room reinforced it. But the honest read is that the sector's oldest problem is still the binding constraint: coordination at scale. Clements put it bluntly: "It can't just be about the UN. It can't be about the humanitarian sector. It takes the private sector. It takes governments. It takes civil society. It takes academia." The entrepreneurs are ready. The tech’s ready. The question is whether we are. Would love to hear from people working on this: where are you seeing AI actually scale in ways that are improving lives today? And what's making it work?

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  • View organization page for Acumen

    124,219 followers

    We’ve invested in Vitara (Sommalife), a Ghana-based agribusiness redesigning agricultural markets for women smallholder farmers. 90% of its suppliers are women. 150,000 farmers are registered on its traceability platform, TreeSyt. 1,500+ acres of land are protected. This is what climate resilience looks like at the market level: fair pricing, direct market access, and sustainable land restoration. Learn more ⬇️

  • View organization page for Acumen

    124,219 followers

    Women farmers in Ghana earn less than they deserve, often relying on middlemen and facing unpredictable markets. Vitara (Sommalife) is changing that by linking farmers directly to global buyers, building climate-resilient livelihoods, and creating fairer markets. We invested because it is proving that access, technology, and training can unlock the potential of smallholder farmers at scale. You can learn more about Sommalife here: https://lnkd.in/dUHMkZQz

  • View organization page for Acumen

    124,219 followers

    What will it take to create and scale dignified jobs in waste value chains in India? Alongside ANDE South Asia, we gathered entrepreneurs, investors, waste worker associations, and sector leaders working to transform how India’s waste systems function, and how the workers powering them are treated. From startups building more inclusive business models to waste worker collectives advocating for safer, more stable livelihoods, the conversation surfaced a shared challenge: scaling dignity in thin-margin markets will require coordinated action across investors, corporates, and government. Read more here 👉 https://lnkd.in/dv73EsGy  Roshan Miranda, Jabir Karat, Nalini Shekar, Shekar Prabhakar, Gauri Mirashi , Viraj Joshi, Arun Murugesh, Chinmayi Naik, Vineetha Venugopal, Ananya Saini

  • View organization page for Acumen

    124,219 followers

    As a young volunteer and later a teacher working in low-income communities, Aniket Doegar kept seeing the same challenge. People who needed government support the most often didn’t know what they were eligible for. And they didn’t know how to access it. So in 2014, Aniket decided to change that. What began as an idea to make welfare information accessible grew into Haqdarshak, a business built around last-mile citizens. Haqdarshak uses technology and trusted local agents to help communities navigate healthcare, education, and livelihood benefits. Ten years on, the impact is real. Haqdarshak has impacted millions of people in India and helped unlock millions of dollars in welfare benefits. Built on dignity, access, and local leadership, Haqdarshak shows what’s possible when systems are designed for the people they’re meant to serve. As the first company in our portfolio founded by an Acumen India Fellow, we’re proud to celebrate this 10-year milestone and the extraordinary growth Haqdarshak has achieved.

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  • View organization page for Acumen

    124,219 followers

    This Valentine’s Day, focus on the best traits in a chocolate bar: deliciousness and fairness.  Our portfolio companies Beyond Good and Cacao Hunters pass the relationship test. They care about their farmers. They value long-term commitment. They know that the best chocolate comes from rich, biodiverse ecosystems.  Whether for you or for someone you love, you can feel good about your chocolate choice this year.

  • View organization page for Acumen

    124,219 followers

    Commit to Cacao Hunters. They get it – real love is about pay transparency, committed partnership, and showing up over the long term.  We’re proud to have them in our portfolio. Make your Valentine’s sweeter by purchasing chocolate that feels as good to purchase as it does to eat. Be on the lookout for them when you’re shopping for sweet treats this week.

  • View organization page for Acumen

    124,219 followers

    Beyond Good has real compatibility potential.  They pay their farmers fairly, they value long-term commitment, and they have the magic touch, turning local cacao into chocolate 💝 We’re proud to have them in our portfolio. Whoever you’re buying chocolate for this Valentine’s Day, be on the lookout for Beyond Good wherever you shop for groceries! https://lnkd.in/dS2Ms65p

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Funding

Acumen 2 total rounds

Last Round

Debt financing

US$ 20.0M

See more info on crunchbase