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Generation: Sustainable Solutions Fund III

The transition to a sustainable economy requires new products and businesses in agriculture, food, transportation, and health. SSF capitalizes on this transformation by investing in growth-stage businesses leading the evolution.

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Investment

$10 million; originated in 2019

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Rationale

Generation invests in broad sector and sustainability exploration to identify next-generation businesses and services. It zeroed in on remittances, money sent by immigrants to their families back home, as an area ripe for lower fees and improved technological efficiency. Used primarily by a population with less consumer power, remittances have historically been subject to unreasonable profit-taking.

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Returns

Off to a strong start with several profitable early exits.

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Lessons Learned

Too early to report

Photo Credit: Gift Habeshaw on Unsplash.

Disclaimer of Endorsement: The McKnight Foundation does not endorse or recommend any commercial products, processes, or service providers.

Last updated 10/2021

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