Granatus Ventures to launch $40 million fund in Armenia
02.04.2019,
16:59
On April 1 Granatus Ventures signed an agreement with UNDP in Armenia to establish and manage the Granatus Tech4SDG Fund, Granatus Ventures said.
YEREVAN, April 2. /ARKA/. On April 1 Granatus Ventures signed an agreement with UNDP in Armenia to establish and manage the Granatus Tech4SDG Fund, Granatus Ventures said. It said the Fund, with a target size of USD 40 million, will make investments in technology-driven ventures globally that demonstrate strong potential for social and environmental impact.
This initiative addresses the investment gap necessary to achieve the UN Sustainable Development Goals (SDGs) by 2030. UNDP will act as a Sustainability Partner, sharing best practices in impact management and the application of internationally accepted Environmental, Social and Governance (ESG) standards across the investment process. UNDP will also provide financial support to structure the Fund, and assist in the fundraising process and in sourcing relevant deal flow across key markets.
Granatus Ventures in turn commits to contribute to UNDP’s efforts to accelerate the development of Armenia’s impact investment ecosystem aimed at achieving SDG goals. The Granatus Tech4SDG Fund aims to leverage rapidly developing technologies and engineering talent to maximize the social and environmental impact and mitigate ESG risks of its investments.
Granatus Ventures is the first venture capital firm in Armenia to provide funding, expertise and networks to promising technology-driven startups based in, or having core value-add activities in Armenia.
The Fund was initiated in 2013 by Managing Partner of EV Consulting Manuk Hergnyan, Singapore-based venture investor of Armenian origin Pierre Hennes, and technology entrepreneur Yervand Sarkisyan with the investments from the government of Armenia and private investors from Armenia, Russia, United States and other countries with the mission to foster the development of high-tech ecosystem in Armenia. -0-
This initiative addresses the investment gap necessary to achieve the UN Sustainable Development Goals (SDGs) by 2030. UNDP will act as a Sustainability Partner, sharing best practices in impact management and the application of internationally accepted Environmental, Social and Governance (ESG) standards across the investment process. UNDP will also provide financial support to structure the Fund, and assist in the fundraising process and in sourcing relevant deal flow across key markets.
Granatus Ventures in turn commits to contribute to UNDP’s efforts to accelerate the development of Armenia’s impact investment ecosystem aimed at achieving SDG goals. The Granatus Tech4SDG Fund aims to leverage rapidly developing technologies and engineering talent to maximize the social and environmental impact and mitigate ESG risks of its investments.
Granatus Ventures is the first venture capital firm in Armenia to provide funding, expertise and networks to promising technology-driven startups based in, or having core value-add activities in Armenia.
The Fund was initiated in 2013 by Managing Partner of EV Consulting Manuk Hergnyan, Singapore-based venture investor of Armenian origin Pierre Hennes, and technology entrepreneur Yervand Sarkisyan with the investments from the government of Armenia and private investors from Armenia, Russia, United States and other countries with the mission to foster the development of high-tech ecosystem in Armenia. -0-
