Acumen (organization)
Nonprofit impact investment fund in the USA / From Wikipedia, the free encyclopedia
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Acumen (formerly known as Acumen Fund, legally Acumen Fund, Inc.)[1] is a nonprofit impact investment fund based in the U.S. that focuses on investing in social enterprises that serve low-income individuals.[2][3] Acumen was founded in April 2001 by Jacqueline Novogratz. It aims to demonstrate that small amounts of philanthropic capital, combined with business acumen, can result in thriving enterprises that serve vast numbers of the poor.[4] Over the years, Acumen has invested $154.4 million in 167 companies and has had a successful track record in sourcing and executing investment opportunities in the clean energy, education, financial inclusion, health care and agriculture sectors.[5]
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Company type | Nonprofit organization Investment fund |
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Founded | April 2001 |
Founder | Jacqueline Novogratz |
Headquarters | |
Revenue | 30,363,773 United States dollar (2010) |
Website | www.acumen.org |